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Washington Post publisher and CEO Fred Ryan announced on Monday that he will step down from the helm of the newspaper in August.

Ryan, who oversaw the Washington Post for the last nine years soon after Amazon founder Jeff Bezos’ acquisition of it, will instead lead the newly formed nonpartisan Center on Public Civility at the Ronald Reagan Presidential Foundation.

“Jeff is personally providing support for the planning and design phase of this new initiative and supports my decision to make this move,” Ryan told Washington Post staffers in a memo on Monday.

Ryan said that under his leadership, the Post transitioned from a local print newspaper to a global digital publication, and won 13 Pulitzer Prize awards. In a statement, the Washington Post said that it saw multiple years of profitability and a dramatic jump in digital subscriptions under Ryan.

But the Post has not been immune to broader industry struggles. The newspaper has laid off newsroom and business employees in recent years.

A wave of job cuts has hit the media industry recently, in both digital and traditional newsrooms. The industry has also been grappling with the rise of artificial intelligence, and newsrooms, including the Washington Post, have taken action.

In his memo, Ryan said his career transition comes as he has “a deep and growing concern about the decline in civility and respectful dialogue in our political process, on social media platforms and more broadly across our society.”

“Many of us can recall an era when people could disagree without being disagreeable. Political leaders on opposite sides of the aisle could find common ground for the good of the country,” he said in his memo on Monday, explaining his next move. “Today, the decline in civility has become a toxic and corrosive force that threatens our social interactions and weakens the underpinnings of our democracy. I feel a strong sense of urgency about this issue.”

While Ryan will remain as publisher until August, Bezos said Monday in another memo that his “longtime friend and colleague” Patty Stonesifer will join as interim CEO. Stonesifer, an Amazon board member who was the founding CEO of the Bill & Melinda Gates Foundation following executive roles at Microsoft, will lead the search for a new CEO.

Read Fred Ryan’s memo to employees here:

Subject: Message for Washington Post Colleagues

Dear Washington Post Colleagues,

Nine years ago, I was honored to be selected by Jeff Bezos to be Publisher and CEO of The Washington Post. Working with Jeff and the exceptional team at The Post has been an incredible experience and enormously gratifying.

Together, we have accomplished one of the most extraordinary transformations in modern media history. We have evolved from a primarily local print newspaper to become a global digital publication. We’ve added significantly to the tremendous team of journalists, engineers and business experts and have taken The Post through multiple years of profitability. We’ve launched an innovative new technology platform that is powering hundreds of other news sites around the world.

During this time, we have won multiple awards for exceptional journalism, including 13 Pulitzer Prizes, and we’ve twice been named “The World’s Most Innovative Media Company” by Fast Company.

As I have shared in conversations with many of you, I have a deep and growing concern about the decline in civility and respectful dialogue in our political process, on social media platforms and more broadly across our society. Many of us can recall an era when people could disagree without being disagreeable. Political leaders on opposite sides of the aisle could find common ground for the good of the country. Today, the decline in civility has become a toxic and corrosive force that threatens our social interactions and weakens the underpinnings of our democracy. I feel a strong sense of urgency about this issue.

As a result, I have decided to leave my position at The Post to lead the nonpartisan Center on Public Civility that is being launched by the Ronald Reagan Presidential Foundation and Institute. Jeff is personally providing support for the planning and design phase of this new initiative and supports my decision to make this move.

In order to provide advice and counsel during this transition, I have agreed to remain as Publisher of The Washington Post until August 1. Jeff will announce a new interim CEO later today. It is an exceptional individual that I hold in the highest regard.

In the weeks and months ahead, I look forward to spending time with all of my friends and colleagues across The Post to convey my deep appreciation for your many impressive contributions to our success. I am committed to providing my full support as the interim CEO charts the course of this transition and the bright future ahead for The Post.

With my deepest appreciation to each of you,

Fred.

Read Jeff Bezos’ memo here:

Subject: Message for The Washington Post Team

Dear Washington Post Team,

I want to express my deepest gratitude and appreciation to Fred for his dedicated service to The Washington Post as our Publisher and CEO.

Fred has led The Post through a period of innovation, journalistic excellence, and growth. His focus on the intersection of journalism and technology has been of great benefit to readers and has laid the foundation for future growth.

Fred is widely respected for championing press freedom and the protection of journalists. In addition to launching the Press Freedom Partnership, he’s been a relentless force in his devotion to secure the release of journalists who have been wrongly detained and an unwavering voice for accountability from those who do them harm.

I’m deeply grateful to Fred for his leadership and for the friendship that we’ve developed over the years. I look forward to continuing to enjoy both as he works to advance civility in our nation’s discourse.

To ensure we don’t skip a beat, Fred has agreed to remain as Publisher for the next two months, and my longtime friend and colleague Patty Stonesifer will join The Post today as interim CEO. She’ll head up our leadership team, steer us through this important transition, and help me identify the Publisher/CEO who will take the Post forward into the next decade. Patty has built and led great organizations. You’ll soon see for yourself why I admire her. Her skills, judgement, and character all stand out. She also understands the importance of our mission and has a deep respect for the work we do here.

Please join me in thanking Fred as he prepares for his new venture and in welcoming Patty as she assumes the interim CEO role.

Many thanks,

Jeff

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Nvidia positioned to weather Trump tariffs, chip demand ‘off the charts,’ says Altimeter’s Gerstner

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Nvidia positioned to weather Trump tariffs, chip demand 'off the charts,' says Altimeter's Gerstner

Altimeter CEO Brad Gerstner is buying Nvidia

Altimeter Capital CEO Brad Gerstner said Thursday that he’s moving out of the “bomb shelter” with Nvidia and into a position of safety, expecting that the chipmaker is positioned to withstand President Donald Trump’s widespread tariffs.

“The growth and the demand for GPUs is off the charts,” he told CNBC’s “Fast Money Halftime Report,” referring to Nvidia’s graphics processing units that are powering the artificial intelligence boom. He said investors just need to listen to commentary from OpenAI, Google and Elon Musk.

President Trump announced an expansive and aggressive “reciprocal tariff” policy in a ceremony at the White House on Wednesday. The plan established a 10% baseline tariff, though many countries like China, Vietnam and Taiwan are subject to steeper rates. The announcement sent stocks tumbling on Thursday, with the tech-heavy Nasdaq down more than 5%, headed for its worst day since 2022.

The big reason Nvidia may be better positioned to withstand Trump’s tariff hikes is because semiconductors are on the list of exceptions, which Gerstner called a “wise exception” due to the importance of AI.

Nvidia’s business has exploded since the release of OpenAI’s ChatGPT in 2022, and annual revenue has more than doubled in each of the past two fiscal years. After a massive rally, Nvidia’s stock price has dropped by more than 20% this year and was down almost 7% on Thursday.

Gerstner is concerned about the potential of a recession due to the tariffs, but is relatively bullish on Nvidia, and said the “negative impact from tariffs will be much less than in other areas.”

He said it’s key for the U.S. to stay competitive in AI. And while the company’s chips are designed domestically, they’re manufactured in Taiwan “because they can’t be fabricated in the U.S.” Higher tariffs would punish companies like Meta and Microsoft, he said.

“We’re in a global race in AI,” Gerstner said. “We can’t hamper our ability to win that race.”

WATCH: Brad Gerstner is buying Nvidia

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YouTube announces Shorts editing features amid potential TikTok ban

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YouTube announces Shorts editing features amid potential TikTok ban

Jaque Silva | Nurphoto | Getty Images

YouTube on Thursday announced new video creation tools for Shorts, its short-form video feed that competes against TikTok. 

The features come at a time when TikTok, which is owned by Chinese company ByteDance, is at risk of an effective ban in the U.S. if it’s not sold to an American owner by April 5.

Among the new tools is an updated video editor that allows creators to make precise adjustments and edits, a feature that automatically syncs video cuts to the beat of a song and AI stickers.

The creator tools will become available later this spring, said YouTube, which is owned by Google

Along with the new features, YouTube last week said it was changing the way view counts are tabulated on Shorts. Under the new guidelines, Shorts views will count the number of times the video is played or replayed with no minimum watch time requirement. 

Previously, views were only counted if a video was played for a certain number of seconds. This new tabulation method is similar to how views are counted on TikTok and Meta’s Reels, and will likely inflate view counts.

“We got this feedback from creators that this is what they wanted. It’s a way for them to better understand when their Shorts have been seen,” YouTube Chief Product Officer Johanna Voolich said in a YouTube video. “It’s useful for creators who post across multiple platforms.”

WATCH: TikTok is a digital Trojan horse, says Hayman Capital’s Kyle Bass

TikTok is a digital Trojan horse, says Hayman Capital's Kyle Bass

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Tech stocks sink after Trump tariff rollout — Apple heads for worst drop in 5 years

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Tech stocks sink after Trump tariff rollout — Apple heads for worst drop in 5 years

CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025.

Saul Loeb | Via Reuters

Technology stocks plummeted Thursday after President Donald Trump’s new tariff policies sparked widespread market panic.

Apple led the declines among the so-called “Magnificent Seven” group, dropping nearly 9%. The iPhone maker makes its devices in China and other Asian countries. The stock is on pace for its steepest drop since 2020.

Other megacaps also felt the pressure. Meta Platforms and Amazon fell more than 7% each, while Nvidia and Tesla slumped more than 5%. Nvidia builds its new chips in Taiwan and relies on Mexico for assembling its artificial intelligence systems. Microsoft and Alphabet both fell about 2%.

Semiconductor stocks also felt the pain, with Marvell Technology, Arm Holdings and Micron Technology falling more than 8% each. Broadcom and Lam Research dropped 6%, while Advanced Micro Devices declined more than 4% Software stocks ServiceNow and Fortinet fell more than 5% each.

Read more CNBC tech news

The drop in technology stocks came amid a broader market selloff spurred by fears of a global trade war after Trump unveiled a blanket 10% tariff on all imported goods and a range of higher duties targeting specific countries after the bell Wednesday. He said the new tariffs would be a “declaration of economic independence” for the U.S.

Companies and countries worldwide have already begun responding to the wide-sweeping policy, which included a 34% tariff on China stacked on a previous 20% tax, a 46% duty on Vietnam and a 20% levy on imports from the European Union.

China’s Ministry of Commerce urged the U.S. to “immediately cancel” the unilateral tariff measures and said it would take “resolute counter-measures.”

The tariffs come on the heels of a rough quarter for the tech-heavy Nasdaq and the worst period for the index since 2022. Stocks across the board have come under pressure over concerns of a weakening U.S. economy. The Nasdaq Composite dropped nearly 5% on Thursday, bringing its year-to-date loss to 13%.

Trump applauded some megacap technology companies for investing money into the U.S. during his speech, calling attention to Apple’s plan to spend $500 billion over the next four years.

Evercore ISI's Amit Daryanani on keeping Apple's outperform rating despite tariffs

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