DIRS.INFO The most relevant business & tech news

☆ Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy
▼ + stars: | 2024-04-24 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

Katie SchoolovThrasio, the top aggregator of Amazon third-party sellers, is losing its CEO and five other senior executives, months after the former highflier filed for bankruptcy. Greg Greeley, Thrasio's CEO, informed staff on Tuesday that he plans to resign, according to an internal memo viewed by CNBC. Thrasio filed for bankruptcy in February and said it had agreed with lenders to restructure some of its debt load. Alongside the C-suite shakeup, Thrasio is also laying off "employees at every level," according to the memo. They're also inquiring about officers and directors involved in over $300 million in company stock sales "that has given rise to allegations of fraud."

Persons: Prosper, Katie Schoolov Thrasio, Greg Greeley, Josh Burke, Stephanie Fox, Greeley, Thrasio, Goldman Sachs, JPMorgan Chase, They're, Josh Silberstein Organizations: Amazon, CNBC, Finance, BlackRock, JPMorgan, CNBC's, U.S . Customs, Border Protection, GXO Logistics, Walmart Locations: Las Vegas , Nevada, U.S

☆ Top Amazon aggregator Thrasio files for bankruptcy
▼ + stars: | 2024-02-28 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Thrasio, an early leader in the big business of Amazon aggregators, had a booth at the popular Prosper Show for Amazon sellers in Las Vegas, Nevada, on July 14, 2021. Thrasio, an early leader in aggregating Amazon sellers, filed for Chapter 11 bankruptcy protection in a New Jersey court Wednesday. Thrasio and other Amazon aggregators raised billions of dollars from investors looking to cash in on the third-party seller rollup craze. Aggregators bought up promising products and storefronts on Amazon, to use their data and operational expertise to turbocharge sales. WATCH: What's behind the big hype and billion-dollar aggregator start-ups buying Amazon seller brands

Persons: Prosper, Thrasio, Greg Greeley, Aggregators, Josh Silberstein, Carlos Cashman Organizations: Amazon, fizzle, CNBC Locations: Las Vegas , Nevada, New Jersey, Greeley

☆ Americans making student loan payments have up to 36% less saved for retirement
▼ + stars: | 2024-02-19 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

The study examined the retirement savings habits of more than 50,000 participants between 2017 and 2019 to see how student loan payments affected their contributions. While a higher salary does correlate with higher 401(k) balances and contribution rates overall, it doesn't close the gap between those making student loan payments and those who aren't making such payments. For employees earning less than $55,000 a year, those without student loan payments had balances about 4.5% higher on average than those with student loan payments, regardless of tenure. Lower earners were also less likely to reduce their contributions when they started making student loan payments. "[It's] less disposable income that [borrowers] have, so it's likely a fear reaction," Sam Silberstein, a certified financial planner and certified student loan professional with Student Loan Planner, tells CNBC Make It.

Persons: aren't, Sam Silberstein Organizations: Research Institute, CNBC

Israelis marching toward Jerusalem on Saturday in protest of plans by Prime Minister Benjamin Netanyahu’s government to overhaul the judicial system. Adding to the uncertainty Sunday, Mr. Netanyahu was taken to the hospital to have a pacemaker implanted during a procedure in which he would be placed under sedation, his office said. “The proper balance between the authorities has been disturbed over the past decades,” Mr. Netanyahu said in a speech Thursday. “The fear is that our country won’t look like it looks today,” Ms. Holzman said of the judicial overhaul plan. Similar mass protests in March prompted the government to suspend, at least for now, other planned judicial changes.

Persons: Benjamin Netanyahu’s, ”, Ilana Holzman, “, Holzman, Menahem Kahana, Benjamin Netanyahu, Shin, Netanyahu, ” Mr, Gil Cohen, Navot Silberstein, Silberstein, Ms Organizations: Agence France, Histadrut, Air Force Locations: Jerusalem, Tel Aviv, Israel, Shoresh .

“In this instance, the grand jury of the 228th District Court of Harris County found that no crime did occur, that no single individual was criminally responsible,” Ogg said. But a tragedy isn’t always a crime, and not every death is a homicide,” Ogg also said. He’s looking forward to getting back home after being cleared by the grand jury,” Schaffer told CNN. The grand jury met for six hours and homicide detectives testified, according to Schaffer. It was unclear at the time what Scott saw from the stage and whether he was aware of the conditions in the crowd.

Persons: Travis Scott –, Kim Ogg, John Junnell, Brett Silberstein, ” Ogg, isn’t, “, Scott, Travis Scott, ”, Ted Anastasiou, Kent Schaffer, Schaffer, ” Schaffer, Troy Finner, Mike Barrow Organizations: CNN, Harris County Institute of Forensic Sciences, District, Schaffer . Houston Police Department, Houston Fire Department, Houston Police Locations: Harris County, Harris

☆ Smaller valuations and a lack of ego helped Spain's startup scene avoid some of Europe's shocking collapse in VC funding, investors say
▼ + stars: | 2023-06-29 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +8 min

Spain's startup scene has evaded some of the collapse in VC funding that has rocked Europe in 2023. Smaller check sizes and a lack of "ego" has somewhat protected the ecosystem, investors say. Smaller valuations, check sizes, and a distinct lack of ego helped Spain's startup scene evade some of the shocking collapse in venture capital funding that has rocked Europe so far this year. Smaller rounds give Spain's startups an edge in the downturnWhat correction was felt was eased by the fact there is less "ego" in Spain's ecosystem, according to Max Bray, an investor at early-stage firm K Fund. As well as the birth of local growth funds, investors see corporations playing a role in closing the funding gap.

Persons: SoftBank, Catalyst, Pablo Pedrejón, Max Bray, Dalia Silberstein, Pedro Arribas Gridilla, Juliette Simonin, Margarita Albors, Tasmin Lockwood, Bray, Marc Sabas, Fund's Bray, Wallbox cofounders Enric Asunción, Eduard Castañeda, Glovo, Wallbox, Oscar Pierre, Ship2B's Sabas, Danae Vara, Danae Vara Ship2B, hasn't, Sabas, CVCs, There's, Félix Ortega, K Fund's Bray, Sérgio Massano Organizations: Accel, Pedrejón, Venture, Fund, Esade Center, Social, Foundation, Spanish, K Fund, Investors, Danae Vara Ship2B Ventures, Investment, Corporations, Barcelona Activa, Telefónica, BBVA, Proeduca Locations: Europe, Spain, Madrid, France, Germany, Switzerland, Netherlands, Seaya, Bray, Vara, Barcelona, Silicon, London

"The Democratic Party's united front in support of President Biden's reelection is unprecedented," said Julie Chavez Rodriguez, campaign manager for Biden-Harris 2024. Microsoft senior executives donated more to the Biden campaign during the primaries than any other large tech company. In the runup to 2024, these donors will play a key role in helping Biden raise cash amid an uncertain economy and tepid enthusiasm among Democrats over the 80-year-old president's decision to run again. Biden's campaign alone raised more than $1 billion during the 2020 cycle, with more than $700 million of that coming from online grassroots donations. Two fundraising events Biden held last month in New York raised more than $3 million, according to a person familiar with those totals.

Persons: Joe Biden, Biden, Kevin Scott, Shannon Hunt, Scott, Reid Hoffman, Dan Kalafatas, Hadley Mullin, Steve Silberstein, Mark Robinson, Gavin Newsom, Biden's, Julie Chavez Rodriguez, Harris, Joe Biden's, Jill Biden, Nandita Bose, Trevor Hunnicutt, Heather Timmons, Jonathan Oatis Organizations: Democratic, Microsoft Chief, Microsoft, LinkedIn, Biden Victory Fund, Reuters, Biden, MAGA Republicans, Google, New, Fund, Democratic National Committee, Thomson Locations: California, New York

☆ North Korea spent the pandemic building a huge border wall
▼ + stars: | 2023-05-26 | by ( ) www.reuters.com time to read: +11 min

As the pandemic began, North Korea moved to seal its northern borders, tightening control over informal trade routes and making escape harder for defectors. Nov. 16, 2019 Minimal security features visible along North Korea’s border with Russia. Food shortages in North Korea have worsened in recent months, due in part to the border closures, according to international experts. Still, he said, there were reports of foreign shows such as the South Korean hit “Squid Game” finding their way into North Korea. “It's all the more reason for the international community to step up efforts to support North Korean rights,” he said.

Search resuls for: "Silberstein"

9 mentions found