Following remarks regarding the Israel-Hamas conflict, technology companies and investors have made arrangements to abstain from participating in the upcoming conference in Portugal next month, which led Paddy Cosgrave, the CEO and founder of Web Summit, to step down on October 21, 2023.
Despite this, the company has stated that Web Summit 2023 will proceed as planned from November 13 to November 16 in Lisbon, Portugal and is currently searching for a new CEO.
Bloomberg reported that in response to the situation, several tech giants, including Google, Meta, Intel, Amazon, and Siemens, have decided not to participate in the event.
After making these remarks, Cosgrave posted an apology on the Web Summit’s blog the following day.
“I understand that what I said, the timing of what I said, and the way it has been presented has caused profound hurt to many. To anyone who was hurt by my words, I apologise deeply. What is needed at this time is compassion, and I did not convey that. My aim is and always has been to strive for peace. Ultimately, I hope with all my heart that this can be achieved.”
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