logo
Astronomer CEO Andy Byron resigns after Coldplay concert clip goes viral

Astronomer CEO Andy Byron resigns after Coldplay concert clip goes viral

Khaleej Times15 hours ago
Astronomer's CEO Andy Byron has resigned, a statement issued by the tech company said. This comes in the wake of Byron's video with the company's HR Chief at the Coldplay concert going viral on social media.
The company said on X, "As stated previously, Astronomer is committed to the values and culture that have guided us since our founding. Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met.
"Andy Byron has tendered his resignation, and the Board of Directors has accepted. The Board will begin a search for our next Chief Executive as Cofounder and Chief Product Officer Pete DeJoy continues to serve as interim CEO. Before this week, we were known as a pioneer in the DataOps space, helping data teams power everything from modern analytics to production AI. While awareness of our company may have changed overnight, our product and our work for our customers have not. We're continuing to do what we do best: helping our customers with their toughest data and AI problems."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Charles Schwab plans to launch Bitcoin, Ether spot trading, CEO says
Charles Schwab plans to launch Bitcoin, Ether spot trading, CEO says

Crypto Insight

time3 hours ago

  • Crypto Insight

Charles Schwab plans to launch Bitcoin, Ether spot trading, CEO says

Charles Schwab is preparing to expand its crypto offerings by launching spot trading for Bitcoin and Ethereum, according to CEO Rick Wurster. In an interview with CNBC on Friday, Wurster said Schwab clients already hold significant exposure to crypto via exchange-traded products (ETPs), owning more than 20% of the industry's crypto ETP market. However, he noted that crypto still represents a relatively small portion of clients' total wealth, around $25 billion out of $10.8 trillion. 'We anticipate launching Bitcoin and Ether sometime soon so that our clients have access to that,' he said. 'We think that will be an acceleration of our growth.' The CEO claimed that many clients currently keep 98% of their wealth with Schwab but hold just 1% to 2% of their crypto assets with digital-native firms. 'They really want to bring it back to Schwab because they trust us. They want us to sit alongside their other assets,' he added. Schwab to compete against Coinbase Wurster said that Schwab is 'absolutely' looking to compete against crypto exchanges like Coinbase by introducing spot crypto trading. 'If they're buying their crypto at Coinbase, we would love to see them bring their crypto back to Schwab,' he said. Earlier this year, Wurster said the company expects an April 2026 launch window to provide spot Bitcoin trading services to Schwab clients. At the time, he cited a 400% increase in traffic to Schwab's crypto website as evidence of investor interest in digital assets. Schwab has increased its involvement in the crypto sector amid growing regulatory clarity. In 2025, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve rescinded earlier restrictive guidelines issued after the FTX collapse. The change allows banks to participate in crypto activities such as custody and trading. Following approval from the US Securities and Exchange Commission, Schwab added Bitcoin and Ether ETFs to its platform. The company also provides other crypto-related products, including mixed ETFs, mutual funds, and Bitcoin options, according to its website. Institutions ramp up crypto investments A survey conducted in March by Coinbase and EY-Parthenon found that 83% of institutional investors intend to increase their crypto holdings in 2025, with many already investing in altcoins beyond Bitcoin and Ether. The survey identified XRP and Solana as the most favored assets among respondents. It also showed that most expect to allocate 5% or more of their portfolios to cryptocurrencies this year. Similarly, a May report by Fireblocks found that 90% of institutional players are using or exploring stablecoins, with almost half already deploying them for payments. Source:

Astronomer CEO Resigns After Viral Kiss Cam Moment in Coldplay concert With Colleague
Astronomer CEO Resigns After Viral Kiss Cam Moment in Coldplay concert With Colleague

Filipino Times

time4 hours ago

  • Filipino Times

Astronomer CEO Resigns After Viral Kiss Cam Moment in Coldplay concert With Colleague

Andy Byron, the chief executive officer of New York-based tech firm Astronomer, has officially stepped down from his role following a public incident that went viral. The video showed Byron embracing a colleague during a Coldplay concert, prompting public scrutiny and internal company discussions. According to a statement posted on social media, Astronomer's board of directors accepted Byron's resignation and announced they would begin the search for a new CEO. The tech company clarified that Byron has not made any official public statement, countering widespread online claims suggesting otherwise. In fact, Astronomer previously posted on LinkedIn emphasizing that reports stating Byron addressed the matter were false, also correcting misidentification of a third individual seen in the viral video. The incident occurred on Wednesday at Gillette Stadium in Foxborough, Massachusetts, where Byron was captured on the 'kiss cam' with Kristin Cabot, Astronomer's chief people officer. The two appeared on the screen before quickly ducking out of view. In response, the company reiterated its commitment to upholding strong values and accountability, stating, 'Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met.' Astronomer, founded in 2018, focuses on solving problems in data and artificial intelligence. The company acknowledged that public awareness about them 'may have changed overnight' due to the viral clip but stressed that their mission remains unchanged. On Friday, the company announced that Pete DeJoy, Astronomer's co-founder and chief product officer, will take over as interim CEO. Following the announcement, Byron's LinkedIn account was made private and he was removed from the company's leadership page. However, he still appears on the company website as a member of the board of directors. CNN noted that they were unable to reach Byron for comment. The story has since been updated with additional content.

Egyptian-American economist vying to be next Chancellor of Cambridge
Egyptian-American economist vying to be next Chancellor of Cambridge

The National

time5 hours ago

  • The National

Egyptian-American economist vying to be next Chancellor of Cambridge

Dr Mohamed El-Erian describes the University of Cambridge as his 'happy place'. The Egyptian-American economist, known to millions as a globe-trotting economist who has shaped thinking about historic twists in the world's fortunes, graduated from Queens' College in 1980. After a successful career – working at the International Monetary Fund, as a bond trader, adviser to US President Barack Obama, author and columnist – he returned to his alma mater as president in 2020. He's genuinely one of the kindest people that I've ever met Georgia Box He now hopes to be elected chancellor of the university, an 800-year-old role that has been held by princes and prime ministers. In a ballot of alumni, he is pitted against two lords, a TV presenter, an anti-Brexit campaigner and several academics and business leaders, with the result due to announced by July 23. Dr El-Erian, who was named in the Top 100 Global Thinkers by Foreign Policy magazine and made Worth magazine's list of 100 Most Powerful People in Finance, he has endorsements from former UK prime minister Gordon Brown, Google DeepMind co-founder Demis Hassabis and businesswoman Arianna Huffington. He was born in New York to Egyptian parents, and his father worked as an ambassador, judge and at the United Nations. He grew up in the US and Egypt, as well as being educated at boarding school in England. He won the economics category of the Great Arab Minds awards in 2023. He has run a vigourous social media campaign, mixing his serious message about the transformation he believes is needed at Cambridge with light-hearted interviews gently ribbing rival university Oxford. Dr El-Erian has been seen wearing a Queens football shirt and also gave a tour of his home office which features a giant poster of Cambridge. 'I am happiest here, just ask my daughters,' he says in that video. He sets out his proposals for how the chancellor's role should change: making it less ceremonial and more practical, ensuring the university is on a sound financial footing and open to the international community. As co-chairman of the Cambridge Capital Campaign he has helped bring in £2.2 billion of investment to Queens. 'Cambridge must redouble its efforts to attract funding and donations,' he said in his campaign statement. 'I've seen first-hand how innovation and philanthropy help to support vital research, expand opportunities, and better secure our future. 'If elected chancellor, I'll intensify these efforts by helping to tap into global philanthropic opportunities and to attract the investment Cambridge needs.' He has also spoken about the need to understand how Cambridge can give students a foundation for life. 'Throughout my time here it's been about identifying what the problem is and fix[ing] it,' he said in a video discussing the need for flexible scholarships. In footage filmed on the grassy bank of the River Cam as punts glide past, Georgia Box, an associate at Deutsche Bank, was interviewed about why she was supporting Dr El-Erian. He explained how she was under pressure to start earning, using her new degree, but not continue her studies at a higher level. He helped to design a scholarship that would not just pay for fees and living accommodation, but also 'something extra'. Ms Box said: 'He cares a lot about each and every student. He's genuinely one of the kindest people that I've ever met. I think he's just an excellent leader and I can't think of anyone else that's better for the job.' In her submission to be chancellor, broadcaster Sandi Toksvig points out: 'The first known chancellor of Cambridge was Richard of Wetheringsett who served sometime between 1215 and 1232. After that we have had a plethora of other Richards, many Johns and an awful lot of Stephens. 'After 800 years I wonder if it isn't time for a change,' she asks. Dr El-Erian will be hoping to add the name Mohamed to that list.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store