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A screen displays the company logo for Toast Inc. during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2021. Toast , maker of restaurant management software, said on Thursday it will let go of 550 employees, about 10% of its workforce. Its net loss of $36 million narrowed from $99 million in the year-ago quarter. Gross payment volume, at $33.70 billion, was up 32%, higher than the $33.53 billion consensus among analysts surveyed by StreetAccount. Under Comparato's leadership last summer, Toast started charging a fee of 99 cents for each online order that totaled more than $10.
Persons: Aman Narang, Toast's, Chris Comparato, Toast, Narang, Jim Cramer Organizations: Toast Inc, New York Stock Exchange, LSEG, Bank of America, StreetAccount Locations: New York City, U.S, Shift4
Andrew Bialecki is preparing to take Boston startup Klaviyo public eleven years after founding it. Bialecki, who cofounded the marketing tech company in 2012, owns more than a third of Klaviyo, according to the company's recent S-1 filing. In the last eleven years, the 37-year-old has quietly built the hottest Boston startup you've never heard of. For comparison, HubSpot's Brian Halligan and Toast's Chris Comparato reported salaries of roughly $240,000 before taking their Boston startups public. Bialecki has also sold few shares of Klaviyo in inside rounds, according to two people familiar with the company's financials.
Persons: Andrew Bialecki, Jason Lemkin, Peter Walker, Klaviyo, Yankee frugality, Barry Chin, Ed Hallen, Hallen, Bialecki, Alexa von, TJ Mahony, he's, Elias Torres, Bootstrapping, Jon Karlen, Karlen, Mahony, Alex Clayton, frugality, HubSpot's Brian Halligan, Toast's Chris Comparato Organizations: Boston Globe, Getty, MIT's Sloan School of Management, Capital, Harvard University, Predictive Technologies, Fortune, Red Sox, Meritech Capital, Boston, Black, Patriots Locations: Boston, Coast, Bialecki, Washington, DC, Klaviyo, Braze, Miami
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe strive for perfect execution and continuous improvement, says Toast CEO Chris ComparatoChris Comparato, Toast CEO, joins 'TechCheck' to discuss his thoughts on company earnings as the stock dipped on Q4 results.
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