Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Tobi"


25 mentions found


Read previewIn October 2022, Shopify's once high-flying stock hit its lowest price since before the Covid pandemic. AdvertisementNow, after two rounds of layoffs and a divestment of its fulfillment and logistics business, the picture looks a bit different for Shopify. Shedding a "money-losing logistics business"Dropping logistics and fulfillment is a major part of Shopify's stock comeback story. In May 2023, Shopify announced it would be selling the logistics business entirely to Flexport. In May 2023, Shopify cut another 20% of its workforce as it sold its logistics business to Flexport.
Persons: , Shopify's, Shopify, Oppenheimer, Ken Wong, Wong, D.A, Davidson, Gil Luria, Tobi Lütke, Lütke, Luria, Morgan Stanley, Jeff Hoffmeister, Bhavin Shah, GMV, We've, Shah Organizations: Service, Business, Systems, Investors, SEC, Deutsche Bank Locations: Salesforce, mstone@businessinsider.com
The 65-year-old billionaire entrepreneur weighed in on the common leadership style in a recent post on social media network X. If you find yourself constantly micromanaging the people around you, something's wrong, Cuban noted. Trust the process or fix what's broken if you always have to micromanage," Cuban wrote in his March 11 post. Cuban's post was a response to a thread about counterintuitive leadership principles written by Ofek Lavian, CEO of financial tech company Forage. In that thread, Lavian referenced a 20VC podcast episode from last year featuring Shopify CEO and co-founder Tobi Lütke, who embraced micromanaging.
Persons: Mark Cuban, Cuban, Ofek Lavian, Tobi Lütke, Lütke, It's, they'd Organizations: Trust Locations: Cuban
Its S-1 filing mentions the word "Shopify" 198 times, and it said that about 77.6% of its annual recurring revenue came from Shopify merchants. About a third of the deals FE International facilitates are for businesses within the Shopify ecosystem, Smale said. Smale said that lately, he has worked with a "wider variety of acquirers" quietly looking to scoop up Shopify apps. He said that Shopify apps make good acquisition targets because they tend to be profitable and not venture-backed. "I always say Shopify SaaS applications are so great to build because they're kind of like building a SaaS on training wheels," Gazdecki said.
Persons: Shopify, Rachael Jones, Brent Murri, They've, Murri, Andrew Bialecki, Klaviyo, Dennis Hegstad, there's, Hegstad, Andy Cloyd, it's, We're, Thomas Smale, Smale, Andrew Gazdecki, Acquire.com, Gazdecki, Tobi Lütke, Lucas Jackson, wouldn't Organizations: Shopify's, Business, Boston Globe, FE International, Reuters Locations: Shopify, Klaviyo
The new app has a familiar name: Shopify Fulfillment Network. With the new Shopify Fulfillment Network , merchants can sign up to use Flexport's services through Shopify's app. The newly named Shopify Fulfillment Network is not merchants' only option for fulfillment. Wong said the company had also indicated Flexport would not be the exclusive provider for Shopify Fulfillment Network. "They've definitely given themselves more choices than there were before when it was just Shopify Fulfillment Network or bust," he said.
Persons: Shopify, Tobi Lütke, Oppenheimer, Ken Wong, Wong, It's, Flexport, They've Organizations: Shopify Logistics, Business, Shopify, Flexport, Amazon Locations: Flexport, mlstone@protonmail.com
Samuel Corum/Bloomberg via Getty ImagesWASHINGTON — The Consumer Financial Protection Bureau on Wednesday unveiled long-awaited changes to how the nation's biggest banks structure overdraft protection plans. Since 2000, American consumers have paid an estimated $280 billion in bank overdraft fees, according to CFPB data. During that time, the annual revenue big banks derived from overdraft fees soared, helped along by the boom in consumer debit cards tied directly to checking accounts. Taken together, these banks typically account for more than 80% of the overdraft fees charged in any given year. Banking trade groups deeply opposed to any changes in the overdraft rules have already begun to mobilize opposition, which is only expected to grow.
Persons: Washington . Samuel Corum, Joe Biden, Parks, Lael Brainard, Andrew Caballero, Reynolds, CFPB, Biden Organizations: Consumer Financial, Bloomberg, Getty Images WASHINGTON, National Economic, White, AFP, Getty, Banking, Consumer Bankers Association Locations: Washington ., Washington ,
Vodafone signs $1.5 bln Microsoft deal for AI, cloud and IoT
  + stars: | 2024-01-16 | by ( ) www.cnbc.com   time to read: +2 min
(Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)Vodafone has agreed a 10-year partnership with Microsoft to bring generative AI, digital, enterprise and cloud services to more than 300 million businesses and consumers across its European and African markets. Microsoft's Chief Commercial Officer Judson Althoff said Vodafone's strength in IoT and financial services were strategically important. Microsoft deploys "digital twins" to model manufacturing environments so that process improvements can be tested in the cloud. "Vodafone's IoT stack allows us to go into those environments, model the environment, create large-scale data stores, and use AI to help customers meet their sustainability goals," he said. "We are excited to bring generative AI capabilities to help customers make more intelligent financial decisions," he said.
Persons: Budrul Chukrut, Vodafone's, Luka Mucic, Judson Althoff Organizations: Vodafone, LON, Getty Images, Microsoft Locations: CHINA, British, Africa, Kenya, Tanzania, South Africa
Shopify has been doubling down on software to make it easier for its engineers to build software. CEO Tobi Lütke said during the investor day presentation that the goal was to bring "product thinking to everything in the business." Shopify executives showed several screenshots of GSD during the investor day presentation. "We build software. We spend a lot of our time building software to build software."
Persons: Shopify, Tobi Lütke, Lütke, Kaz Nejatian, Glen Coates, Nejatian, Tesla Organizations: Business
She's been greeted with hugs from strangers at the biannual convention for people with Williams syndrome, which make her "feel like a rockstar." That's common for those with Williams syndrome, said Mary Van Haneghan, the executive director of the WSA. Online environments can be difficult for people with Williams syndrome to navigate, says Joel Liestman, the director of family support at the WSA. She sees Williams syndrome as a gift and believes everyone could learn more empathy from those with the condition. He has had two relationships with women with Williams syndrome, but in both cases they didn't work out.
Persons: Tobi Akbas, he'd, Tobi, Williams, I've, Jackie Molloy, Terri, he's, Robert Boddie Jr, Boddie, Karen Levine, She's, There's, Haley Gallinger, Daren Bjerke, who's, Devin, John Martinez, Mary Van Haneghan, it's, doesn't, You've, neurotypical, Allie, Joel Liestman, That's, Callie Truelove, I'm, Jocelyn Krebs, Truelove, we're, he'll, we've, Levine, Josh Duffy, He's, Duffy, vlogs, We're, Hayley Cuccinello, Louise Ridley, Kevin Kaplan Organizations: Williams Syndrome Association, Business, Continental Village Fire Department, Tobi, Go, WSA, New York, Louise Ridley Design, Trenton Almgren Locations: Garrison , New York, Santa, Garrison, Peekskill , NY, recliners, Maine, Brunswick , Maine, labrador, New, New York City, Trenton
Many of this year's VC rising stars told Business Insider that their go-to power outfits included apparel like tailored sport coats or Chelsea boots, and more casual pieces like hoodies and well-fitting jeans. Very few investors are wearing collared shirts with their jackets, opting instead to pair it with a t- shirt and jeans. Nmachi Jidemna told Business Insider that for her everyday wear, her go-to was "usually a structured blazer with a relaxed pair of jeans." Lori Harvey (left) and Heidi Klum (right) wearing red outfits. Black flowy trousers, black turtleneck, and chunky black boots."
Persons: that's, Laura Bock, Nmachi Jidemna, Javier Grevely, Ralph Lauren, Tobi Coker, Janelle Teng, Patron's Amber Atherton, Jason Yeh, Ashley Paston, Justin Williams, VCs, Mahati Sridhar, Grady Dick, Michelle Farsi, Pear, Vivien Ho, Lori Harvey, Heidi Klum, Valentina Frugiuele, Bauer, Griffin, Luci Fonseca, RTFKT, Brandon Hoffman, JL, Sarah Wu, Emerson, Fiona Huang, Demi Obayomi, Natalie Borowski, Daisy Wolf, Andreessen Horowitz Organizations: Business, Wellington Management, Converse, Seae Ventures, Getty, GV, Nike, Sunset Ventures, Bain Capital Ventures Locations: London, Chelsea
And these rising stars of the VC world are at the forefront of the trend, with many adopting various wellness routines. Business Insider asked this year's rising stars to name their best wellness hack that keeps them at the top of their game. Find ways to get movingMany rising stars in VC have a relationship with exercise that goes beyond an obligatory hour at the gym or a forced jog around the block. "It's amazing how taking just 10 minutes out of my day helps set the pace and structure for the rest of the day so well," she told Business Insider. she told Business Insider.
Persons: Base10, Justin Williams, Fiona Huang, Huang, Laura Bock, Amanda Herson, Taylor Brandt, Luci Fonseca, It's, Vivien Ho, VCs, journaling, Ashley Paston, Ahmed Mirza, who's, Amber Atherton, Brandon Hoffman, Tobi Coker, Wellington Management's Javier Grevely, Natalie Borowski, I've Organizations: Business, Seae Ventures, Ventures, Headline, Base10 Investors, Meritech, Sunset Ventures Locations: New York, Eastern, Brooklyn
Is modern food making us sick?
  + stars: | 2023-11-08 | by ( Idil Karsit | ) www.cnbc.com   time to read: +2 min
"Most of the ultra-processed food that you find are higher in salt, fat and sugar. The $128 billion British food and beverage industry is the largest manufacturing sector in the country, employing more than 400,000 people. "We are calling for food sector companies to report a set of health and sustainability metrics that would be on a mandatory basis," said Sophie Lawrence, who leads a group of investors called the Investor Coalition for Food Policy, managing assets worth $7 trillion. "If you're a leading business, and you know, you want to invest in healthier food, you're essentially taking a big commercial risk because it's not a level playing field", said Rebecca Tobi, senior business and investment manager at the Food Foundation. So, could ultra-processed food be taken off the menu?
Persons: Tim Spector, ZOE –, Kiara Chang, Sophie Lawrence, it's, Rebecca Tobi Organizations: King's College London, Imperial College London, Investor Coalition, Food Policy, Food Foundation Locations: U.S
Charlie Munger panned crypto, warned about AI hype, and trumpeted Zoom at Zoomtopia last week. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementCharlie Munger trashed cryptocurrencies, warned the AI buzz seems overblown, and praised Zoom for keeping him connected during his closing keynote at Zoomtopia on October 4. Craig Durr, research director at The Futurum Group:"Munger shared his seasoned perspective on crypto and AI – both of which he was skeptical about. He said communications help drive business, and business success is about focus and consistency.
Persons: Charlie Munger, Warren Buffett's, , Eric Yuan, hasn't, Zoom, Tobi Tungl, Craig Durr, Munger, Eric Yuen, Mark Friedler, Warren Buffett, Eric Kunnen, Charlie, Melody Brue, doesn't, Eric, David Maldow Organizations: Service, Berkshire Hathaway's, CTI, Grand Valley State University, Moor Locations: Zoomtopia, cryptocurrencies, Grand
Shopify on Thursday released additional internal guidance around employee side hustles, one day after a company-wide memo from CEO Tobi Lütke caused confusion among workers. Lütke continued: "You should run a Shopify store to learn our product. Shopify's guidance on Thursday clarified the company's stance. And when it comes to starting a Shopify store, we encourage it. Shopify employees can use the company's software to launch their own stores for free.
Persons: Tobi Lütke, Lütke, I've, Shopify, We're, you'll Organizations: Employees Locations: mstone@insider.com
Shopify CEO Tobi Lütke wrote a company-wide memo Wednesday discouraging employees from having side hustles. "This surprises me because it directly contradicts the countless times I've said Shopify is like a professional sports team that requires our unshared attention." The Vault is a set of internal web pages where Shopify employees can access information about company policies. "He was someone who could devote his full attention and time to that quest," Finkelstein wrote. Lütke said Wednesday that employees should start their own Shopify stores because it helps them to stay familiar with the platform.
Persons: Tobi Lütke, Lütke, I've, Shopify, Harley Finkelstein, David Segal, Finkelstein, Segal, Jess Hertz, Read, Jess, Tia, Truman Locations: Shopify, mstone@insider.com
The exodus came before former CEO Dave Clark announced his departure on Wednesday. Flexport was experiencing an exodus of executives before former CEO Dave Clark announced his sudden resignation on Wednesday. Clark, who was Amazon's worldwide consumer CEO before joining Flexport last September, announced his departure on X, formerly known as Twitter, on Wednesday. In his post, Clark cited the desire of Flexport founder and former CEO Ryan Petersen to return to his role leading the company. During a company town hall on Thursday, Flexport executives told employees that cost-cutting measures were on the way , possibly including job cuts, multiple sources said.
Persons: Flexport, Dave Clark, — Artur Rivilis, Flynn Fishman, Stephanie New —, Rivilis, Fishman, Slack, Shopify, Clark, Ryan Petersen, Freightwaves, Petersen, Tobi Lütke Organizations: Flexport, Shopify Logistics Locations: Deliverr, ,, Flexport, San Francisco , Los Angeles, Dallas, New York, Amazon, mstone@insider.com
Amazon and Shopify announced a new Buy with Prime app for Shopify on Wednesday. Buy with Prime let merchants offer Prime benefits, such as fast shipping and free delivery, on websites beyond Amazon.com. Amazon had no choice but to let Shopify merchants view Buy with Prime-related metrics on its own backend console, not within the unified Shopify Admin tool, according to the internal Amazon document from April. If Buy with Prime data wasn't smoothly integrated into Shopify Admin, Shopify merchants might not use the Amazon feature much. Constant delaysThe internal Amazon document described a Shopify-native Buy with Prime app as a "flagship" goal for Amazon's top leadership because it would make Buy with Prime more appealing to Shopify merchants.
Persons: Shopify, Santos Jeff Bezos Kevin Mazur, Jeff Bezos, Tobi Lütke David Fitzgerald, Sportsfile, Harley Finkelstein, Finkelstein, Mark William Lewis, Andy Jassy, they've Organizations: Amazon, Amazon.com, Prime, Project Santos, Getty, Amazon Logistics, Netalico Commerce, Web, Associated
BUDAPEST, Aug 22 (Reuters) - Reigning champion Tobi Amusan of Nigeria won her qualifying heat in the women's 100-metres hurdles on Tuesday to secure a spot in the semi-finals amid a cloud of controversy. The 26-year-old, who set the world record in the semi-finals of last year's world championships, had a provisional anti-doping suspension lifted on Thursday, but could still face an appeal that could potentially reinstate the ban. Amusan, whose world record is 12.12, was slow out of the blocks before cruising to a time of 12.48 seconds, third fastest on the night. "The team USA, we have the hardest team to make in the hurdles and that is what makes our event so exciting. Amusan's presence at the global showpiece was a surprise, with her suspension lifted just two days before the meet began.
Persons: Tobi Amusan, I'm, Amusan, Kendra Harrison, Harrison, Nia Ali, David Howman, Howman, Lori Ewing, Toby Davis Organizations: Nigeria, Integrity Unit, Sport, Thomson Locations: BUDAPEST, Budapest, United States
Fast times, big crowds as worlds return to Europe
  + stars: | 2023-08-16 | by ( Mitch Phillips | ) www.reuters.com   time to read: +4 min
Hungary itself has a woeful world championship record, having never won a gold medal. However, World Athletics says ticket sales have been "strong" and the purpose-built 30,000-capacity stadium, which boasts the same bouncy Mondo track that contributed to so many fast times in Tokyo. Still only 29, she is appearing in her sixth world championships seeking a third gold to add to two Olympic 1,500 metres titles. Norwegian duo Jakob Ingebrigtsen (1,500m) and Karsten Warholm (400m hurdles) are among the big names expected to triumph in the longer distances. With sprinters Marlies Goehr and Marita Koch - whose 1985 400m world record of 47.60 remains much quicker than any current athlete - leading the way, the original "state-sponsored" doping regime of East Germany topped the table with 10 golds.
Persons: Sha'Carri Richardson, Aleksandra Szmigiel, Sebastian Coe, Faith Kipyegon, Shelly, Ann Fraser, Pryce, Shericka Jackson, Dutchwoman Sifan Hassan, Lamont Marcell Jacobs, Briton Zharnel Hughes, Kenyan Ferdinand Omanyala, Fred Kerly, Jakob Ingebrigtsen, Karsten Warholm, Ryan Couser, Tobi Amusan, Coe, Marita Koch, Mitch Phillips, Ed Osmond Organizations: Diamond League, Doha, Paris Olympics, Athletics, WA, Kenyan, Eugene, Marathon, Marlies Goehr, Thomson Locations: Silesia, Silesian, Poland, Budapest, Eugene, United States, Hungary, Tokyo, Jamaica, U.S, Norwegian, East Germany
Horror Stories That’ll Leave You Haunted and Bewitched
  + stars: | 2023-08-09 | by ( Chelsea Leu | ) www.nytimes.com   time to read: +1 min
But some stories are too detailed, front-loaded clumsily with character back story that drags down their momentum. Perhaps it’s the increasingly unnerving letters the story’s traveling salesman receives, including one delivered by a raven. Perhaps it’s the diarrhea and professional failure that befall the salesman when he ignores said letters. And perhaps it’s that the salesman ends up sweating and cornered by a terror, all because he failed to return a library book. Vivid and twisted, ironic and stirring, the varied stories in the collection are told with verve, even when blameless characters meet gruesome ends.
Persons: sleepovers, Ogundiran’s, factly Organizations: verve
Shopify paid $450 million for 6 River Systems in 2019. The 6 River Systems sale was part of a major pivot away from logistics by Shopify. UK grocery giant Ocado paid just $12.7 million to acquire 6 River Systems from Shopify in May, according to Ocado's mid-year financial report released July 18. Ocado ultimately paid less than 3% of what Shopify paid for 6 River Systems less than four years ago. The companies did not disclose the financial details of the 6 River Systems deal at the time of the announcement.
Persons: Ocado, Shopify, Ocado's, Chuck, Deliverr didn't, Tobi Lütke, Lütke Organizations: Systems, Shopify, Amazon Locations: Shopify, Massachusetts
Shopify beta-launched an AI assistant for its help center. Shopify launched a beta version of an AI-powered assistant for its help center, the webpage where merchants can go to get answers to questions about running their business. In June, Shopify began asking some support staff to test a translation bot powered by OpenAI's technology. Its support staff already had the ability to use AI-generated template email responses to merchant inquiries. The bot can recommend products sold by Shopify merchants based on shoppers' answers to a series of questions.
Persons: Shopify, chatbot, Tobi Lütke's, Harley Finkelstein, Lütke Organizations: Shopify, Help
AppHub builds and acquires apps that are geared towards e-commerce merchants. AppHub, an e-commerce enablement platform launched in 2021, has raised $95 million from growth-equity firm PSG to continue building up its portfolio of apps as changes come to Shopify's app ecosystem. More than 150,000 merchants are now using AppHub apps, CEO and cofounder Kris Eng told Insider. Deciding whether to build or acquireAppHub decides whether to acquire an app or build a solution of its own on a case-by-case basis. The new funding from PSG will allow AppHub to continue to invest in its existing portfolio and look for other apps to acquire.
Persons: AppHub, Kris Eng, Eng, Tobi Lütke, Harley Finkelstein, AppHub Shopify, they've, Matt Tennenhouse, Tennenhouse, we'll, Matt Stone Organizations: PSG, Capital Partners
July 19 (Reuters) - Tobi Amusan, the 100m hurdles world record holder, said on Wednesday she has been charged with missing three doping tests but has denied taking performance enhancing substances and expects to be cleared to compete at the world championships. Under World Athletics Anti-Doping Rules, the applicable sanction for three 'whereabouts' failures is two years' ineligibility, subject to a reduction to a minimum of one year depending on an athlete's degree of fault. She became the first Nigerian world champion and world record holder in an athletics event with her 2022 victory in Eugene, Ore., where she set the world record of 12.12 seconds. Amusan was part of Nigeria's 4x100 relay squad that won gold at the 2022 Commonwealth Games but were then stripped of their medal after anchor runner Grace Nwokocha failed a doping test. The World Athletics Championships run from Aug. 19-27 in Budapest.
Persons: Amusan, Grace Nwokocha, Lori Ewing, Peter Rutherford Organizations: Athletics, Silesia Diamond League, Diamond League, Thomson Locations: Nigerian, Eugene ,, Budapest
Check out the companies making headlines in midday trading. Alphabet — The Google-parent company added 4.4% after launching its large-language model, Bard AI, in Brazil and the European Union. Cirrus Logic — The chipmaker fell more than 3% in midday trading after Cirrus announced in an 8K filing plans to slash 5% of its workforce. Nvidia invested $50 million into Recursion to help drive AI-based drug discovery, the company said Wednesday. Progressive — Shares of the insurance company fell about 11% after Progressive reported results for June and the full second quarter.
Persons: Bard, Bob Iger's, Carvana, SoFi, Morgan Stanley, Tobi Lutki, , Samantha Subin, Yun Li, Jesse Pound, Michelle Fox, Alex Harring Organizations: Google, European Union, Cirrus, Nvidia, Disney —, Bank of America, Disney, JPMorgan, Viasat – Viasat, Viasat, Amazon, Progressive Locations: Brazil, Americas
"Your calendar is a strategy, and the Meeting Cost Calculator helps you make informed decisions for organizing or accepting meetings. He said that employees could reference a page in Shopify's internal "vault" for more information about the meeting cost calculator. The Meeting Cost Calculator is here to challenge the status quo, nudging us to reconsider meeting necessity and explore more creative collaboration methods. The meeting cost calculator is the latest in a series of experiments Shopify has launched to maximize time and efficiency in its workplace this year. Your calendar is a strategy, and the Meeting Cost Calculator helps you make informed decisions for organizing or accepting meetings.
Persons: Shopify, Kaz Nejatian, Mark Zuckerberg, Tobi Lütke
Total: 25