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Magic Leaps Names New CEO

Magic Lead just named Peggy Johnson, former head of business development at Microsoft, as its new CEO, The New York Times reports. “Ms. Johnson, who starts at Magic Leap in August, is joining at a critical time for the once vaunted start-up,” it writes. “While Magic Leap had caused excitement with a virtual-reality headset intended to show people the technology’s abilities, the product arrived after many delays to lukewarm reviews, and sales fell short of expectations.”

Read the whole story at The New York Times »

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