logo
Astronomer Announces New Interim CEO After Andy Byron Caught on Coldplay Kiss Cam With Kristin Cabot

Astronomer Announces New Interim CEO After Andy Byron Caught on Coldplay Kiss Cam With Kristin Cabot

Yahoo6 days ago
Astronomer has announced a temporary replacement for CEO Andy Byron and confirmed he was put on leave in the wake of the viral Coldplay cheating scandal.
The company shared a statement confirming the news to Us Weekly on Friday, July 18.
'Cofounder and Chief Product Officer Pete DeJoy is currently serving as interim CEO given Andy Byron has been placed on leave,' the statement read. 'We will share more details as appropriate in the coming days.'
Andy, 50, and Kristin Cabot were caught cuddling up to one another by the kiss cam during Coldplay's concert at Gillette Stadium in Foxboro, Massachusetts, on Wednesday, July 16. Andy, who according to multiple reports, is married to Megan Kerrigan Byron, immediately dropped his arms from Cabot's waist and ducked away from the camera when he noticed that they were on the Jumbotron, while Cabot covered her face with her hands and turned around.
'Whoa, look at these two. Alright, come on. You're OK. Oh, what? Either they're having an affair, or they're very shy,' Coldplay frontman Chris Martin told the audience. 'I'm not quite sure what to do. Holy s***. I hope we didn't do something bad.'
Astronomer CEO Andy Byron's Wife Reportedly Changes Facebook Name Following Coldplay Concert Scandal
Us Weekly reached out to Astronomer, Andy and Cabot for comment.
Two days after the footage of the moment went viral, sparking countless memes, reactions from celebrities and even fake statements from the players involved, Astronomer broke its silence with a statement on Friday.
'Astronomer is committed to the values and culture that have guided us since our founding,' the software company's statement, which was shared via LinkedIn, read. 'Our leaders are expected to set the standard in both conduct and accountability. The Board of Directors has initiated a formal investigation into this matter and we will have additional details to share very shortly.'
The company also confirmed that Byron, who was appointed CEO in 2023, has not 'put out any statement' regarding the scandal despite speculation.
Cabot was hired to work for Astronomer in November 2024. Andy praised the human resources executive in a press release at the time.
'At Astronomer, our people are the most valuable asset in helping our customers do more to gain a competitive advantage with their data,' he said. 'Kristin's exceptional leadership and deep expertise in talent management, employee engagement and scaling people strategies will be critical as we continue our rapid trajectory.'
He continued, 'She is a proven leader at multiple growth-stage companies and her passion for fostering diverse, collaborative workplaces makes her a perfect fit for Astronomer.'
What Is Astronomer? All About the Company After CEO Is Spotted Allegedly Cheating at Coldplay Concert
Meanwhile, Cabot said she felt 'energized' to work with Andy's team.
'I prefer to think of my role as people strategy versus traditional human resources, as the real magic happens when you align the people strategy with the business strategy,' she shared in a statement. 'There are plenty of companies out there where a leadership team doesn't recognize the value that a strong people leader and people team can bring to a company. It's not just about benefits or catered lunches. There's so much more to it, and I was energized in my conversations with Andy and the Astronomer leadership team about the opportunities that exist here.'
Solve the daily Crossword
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

This UK investment trust has a 39% position in Nvidia stock!
This UK investment trust has a 39% position in Nvidia stock!

Yahoo

time25 minutes ago

  • Yahoo

This UK investment trust has a 39% position in Nvidia stock!

Nvidia (NASDAQ: NVDA) recently became the world's first firm to hit a $4trn valuation. Since then, the stock has chugged higher, and the chipmaker is now a $4.23trn behemoth. For context, that extra bit on the end is roughly equivalent to the market cap of AstraZeneca. In other words, Nvidia's recent $230bn rise is almost equal to the market value of the FTSE 100's current biggest beast. Indeed, the AI computing giant is now worth more than the entire FTSE 100 combined, with over $1trn to spare. Let that sink in. Due to its ascent, Nvidia has become tech royalty, and rightly so. These days, it's hard to find a tech-focused fund or investment trust that doesn't hold it. Not doing so risks underperformance, a bit like leaving Erling Haaland out of your fantasy football team. The stock is up around 1,600% over five years! Going all-in Sticking with the fantasy football theme, imagine if you could have three Erling Haalands in your portfolio. Just think of all those extra juicy points you might get. In some ways, that is what Manchester & London Investment Trust (LSE: MNL) has done. In its latest June 2025 factsheet, it had a 38.9% weighting to Nvidia. And 26% and 7.1% of net assets in Microsoft and Broadcom, respectively. That means the trust has nearly three-quarters of its portfolio in just three tech stocks! This trio are central to the AI revolution. Nvidia still dominates with its powerful GPUs, while Broadcom makes custom chips and networking hardware used in AI data centres. Microsoft owns part of ChatGPT and has rolled out AI features like Copilot to boost productivity. This extreme concentration has produced tremendous results, though. In the three years to 1 July, Manchester & London Investment Trust's net asset value surged 131.2%. The period coincides with the release of ChatGPT in November 2022, after which Nvidia's share price took off like a rocket. AI era Of course, this massive concentration also adds risk. If Microsoft, Broadcom and/or Nvidia tank, then the trust would underperform badly. Explaining this lack of portfolio diversification, lead manager Mark Sheppard wrote in September: 'Sadly, we do believe the outstanding winners from the AI era may in time be counted on the fingers of two hands. So what are we meant to do? Diversify to dilute performance? Punish our winners for proving they are elite?' Another risk here is a sudden slowdown in AI investments and spending by companies. This would be acutely felt by Nvidia, whose lofty price-to-earnings ratio of 55 is based on expectations of robust future growth. However, the trust doesn't see this happening. It says the AI era is in its infancy: 'AI offers enormous promise and we think this could be one of the most exciting investment and research periods of the century.' Should I invest? To be honest, I admire this bold approach, and it has certainly delivered the goods for shareholders over the last three years. However, I won't be investing myself because I already own Nvidia shares. Increasing my exposure further would be reckless. Investors looking at the trust have to be really bullish on Nvidia and the AI age. The shares are trading at a 12.8% discount to net asset value, but this is definitely in the high-risk, high-reward camp. The post This UK investment trust has a 39% position in Nvidia stock! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Ben McPoland has positions in AstraZeneca Plc and Nvidia. The Motley Fool UK has recommended AstraZeneca Plc, Microsoft, and Nvidia. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio

GE Vernova Inc. (GEV) Is The Only One With The Power, Says Jim Cramer
GE Vernova Inc. (GEV) Is The Only One With The Power, Says Jim Cramer

Yahoo

time30 minutes ago

  • Yahoo

GE Vernova Inc. (GEV) Is The Only One With The Power, Says Jim Cramer

We recently published . GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer recently discussed. GE Vernova Inc. (NYSE:GEV) is a power generation products provider that has primarily been in the news recently due to its exposure to nuclear power and the resulting catalysts from the AI data center build out. The firm's shares have gained 86% year-to-date and jumped by a strong 14.6% in July. GE Vernova Inc. (NYSE:GEV)'s shares gained after it raised annual forecasts during its second quarter earnings. Cramer's been a long-time fan of the stock, and he shared why: 'Well I'm so glad you brought it up because I've got to tell you I spoke to Scott Strazik this morning from GE Vernova. Look, you may have trouble getting GPUs, from Jensen, try to get the power, from GE Vernova, which is the only one who really has any. I mean, David, the backlog. Look he's talking every day to Amazon, he talks to, well actually to every hyperscaler, but ones that are top of mind is Microsoft. David, there's just not enough power. There's not enough power. Previously, the CNBC TV host commented on GE Vernova Inc. (NYSE:GEV)'s earnings report before it was released: 'No, I think at this point, we're going to wait for GE Vernova to come in. We had a great club meeting on Friday, and I really just kind of hang my head in shame that I didn't even buy more, but there's nothing to do. This thing is such a horse. It's just been a parabolic move, up 70%. We're going to get a report… next week. Maybe what we say is, let's hear what they have to say.' While we acknowledge the potential of GEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

Is Saturday Night Live New Tonight? Here's the July 26 Host and Musical Guest
Is Saturday Night Live New Tonight? Here's the July 26 Host and Musical Guest

Yahoo

time37 minutes ago

  • Yahoo

Is Saturday Night Live New Tonight? Here's the July 26 Host and Musical Guest

When Nate Bargatze first hosted Saturday Night Live in 2023, his episode was a smash hit, due in large part to the viral "Washington's Dream" sketch. The sketch has received an astounding 24 million views to date on SNL's YouTube channel, so it was no huge surprise that in Season 50, he returned on October 5, 2024 to do it all over again. While Bargatze's only hosted SNL twice so far, he fit right in with SNL50's roster of returning hosts such as John Mulaney, Timothée Chalamet, Ariana Grande, Quinta Brunson, Jon Hamm, and Scarlett Johansson. Bargatze's second SNL episode brought a follow-up to "Washington's Dream, which was just as great as the first. "Streeter Sidell and Mikey Day created and wrote it. I was just able to sync it up very well with my rhythm," Bargatze told Parade after his second SNL outing. "I was worried about doing it again, but when I saw the new one, it felt like he had different enough parts and I realized it was just fun to be George Washington."If you missed Bargatze's popular episode the first time around, you've got a chance to catch it on TV again. Get the details on the Saturday Night Live episode that's airing this week below! Is SNL new tonight, July 26, 2025? No. Saturday Night Live is on summer hiatus, with the most recent new episode having aired May 17 with Host Scarlett Johansson and Musical Guest Bad is the July 26 SNL Host and Musical Guest? Nate Bargatze and Coldplay. The stand-up comic hosted the second episode of Season 50 with Musical Guest Coldplay back in October episode also featured the hysterical "Water Park" sketch, in which employees and medical techs face the awkward question of how to deal with a dead body at the top of a slide, as well as "Mile High Burger Challenge," which found Season 50 cast member Heidi Gardner getting messy as a hungry woman with her eye on the prize. Mile High Burger Challenge Where can I watch old episodes of SNL? Stream sketches from every single episode of Saturday Night Live on Peacock official SNL merch: Solve the daily Crossword

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