Good evening!

Not a great day to be Key Investment Group, the CEO of Opendoor, or Duolingo.

Here are the 7 things you missed today:

CEO Carrie Wheeler of online real-estate company Opendoor is resigning, citing on X that the intense external attention and investor momentum were reasons for expediting her departure. She took over the role of CEO in 2022 during a tumultuous time for Opendoor, after the company’s quarterly earnings report failed to reassure investors that a turnaround was underway. Opendoor’s Chief Technology & Product Officer, Shrisha Radhakrishna, is currently the interim President and chief executive as they search for Wheeler’s permanent replacement. (CNBC)

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I think I’ve seen this film before…the FTC sued ticket reseller Key Investment Group for ignoring purchasing limits to buy thousands of tickets to live shows, including Taylor Swift’s Eras Tour, and reselling them at a markup. According to the complaint filed today, the company used thousands of Ticket Master accounts, including fake or purchased ones. The lawsuit is part of a crackdown focused on curbing exploitative ticket reselling practices. (CNN)

What better way to start fresh after a breakup than changing your name? Cable news channel MSNBC is splitting up with NBC News, dropping the “NBC” from its name as a result. Later this year, the channel will transition to MS NOW, which stands for My Source for News, Opinions, and the World. If they need advice for changing their name, perhaps they should ask HBO…(CNN)

Language-learning app Duolingo is still battling a months-long row over the CEO’s push to make the app “AI-first.” CEO Luis von Ahn claims there was “confusion” over his previous remarks back in April where he stated that he would phase out contractors if AI could do their work. In his latest interview, he stated that he’s never laid off any full-time employees (and doesn’t intend to), and that the future of contract positions has always gone up and down based on company needs. (Quartz)

Last week, European AI startup Multiverse Computing revealed two of the smallest high-performing AI models ever created. They cheekily named them SuperFly and ChickBrain (like a Fly’s brain and a Chicken’s brain). The models use a technique called CompactifAI, which allows them to fit onto devices like smartphones, smartwatches, or IoT appliances, while still enabling chat, speech, or reasoning capabilities. (TechCrunch)

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