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☆ Why corporate leaders like Mark Zuckerberg, Jack Dorsey, and Evan Spiegel are all apologizing for the massive layoffs at their companies
  + stars: | 2022-11-15 | by ( Sarah Belle Lin | ) www.businessinsider.com   time to read: +10 min
Since the pandemic, the largest tech layoffs have been at Meta, Getir, Booking.com, Twitter, Uber, Better.com., Peloton, and Groupon, Layoffs.fyi data show. Now companies in tech are reversing some of the huge hiring that they did in the past couple of years, Lee said. Mark Zuckerberg, MetaFacebook CEO Mark Zuckerberg speaks about "News Tab" at the Paley Center, in New York on October 25, 2019. In the memo he wrote: "Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. Jack Dorsey, ex-CEO TwitterTwitter CEO Jack Dorsey testifies before the House Energy and Commerce Committee in Washington, DC, in 2018.
☆ Elon Musk fired CEO Parag Agrawal after taking over Twitter. He joins a growing list of executive departures in 2022, including Meta's Sheryl Sandberg and a slew of retail CEOs.
  + stars: | 2022-11-02 | by ( Samantha Delouya | ) www.businessinsider.com   time to read: 1 min
In February, John Foley, Peloton's co-founder, announced that he would step down as CEO. He was at the helm during the company's pandemic-fueled rise and its subsequent sharp drop in demand. Barry McCarthy, who was once CFO of both Spotify and Netflix, took over the top spot. Peloton co-founder John Foley Mark Lennihan/AP
☆ Facebook likely has your contact info — even if you never signed up for its services. Here's how to remove it.
  + stars: | 2022-11-01 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +5 min
Speaking of Instagram: We reported that its parent company, Meta, likely has your contact information, even if you never shared it yourself — and even if you never signed up to use any of its services, including Instagram, Facebook, or Messenger. Facebook probably has your phone number, even if you never shared it. Facebook quietly rolled out the service, which lets people check whether the firm holds their contact information (such as their phone number or email address), and delete and block it. How to wipe your phone number from Facebook. In a separate leaked memo, engineers were told to work with "maniacal" urgency and bring their ideas to Musk directly.
☆ Goldman Sachs' humbling U-turn on its consumer banking ambitions
  + stars: | 2022-10-19 | by ( Jeffrey Cane | ) www.businessinsider.com   time to read: +5 min
Third-quarter results from the big Wall Street banks are now behind us, and they were … pretty good, all things considered? Goldman Sachs reported yesterday, and while it may not be the biggest nor the best bank (OK, No. Trading and dealmaking made the reputation of the 153-year-old Wall Street firm, but the spotlight lately has been on its struggling consumer banking unit, Marcus. The consumer business "doesn't make money at the moment," Solomon acknowledged, but he added: "The deposits are hugely valuable. From Wall Street darlings to prey.
☆ Elon Musk fired Parag Agrawal as CEO after taking over Twitter. Agrawal joins a growing list of executive departures in 2022, including Meta's Sheryl Sandberg and a slew of retail CEOs.
  + stars: | 2022-10-01 | by ( Samantha Delouya | ) www.businessinsider.com   time to read: 1 min
In February, John Foley, Peloton's co-founder, announced that he would step down as CEO. He was at the helm during the company's pandemic-fueled rise and its subsequent sharp drop in demand. Barry McCarthy, who was once CFO of both Spotify and Netflix, took over the top spot. Peloton co-founder John Foley Mark Lennihan/AP
☆ Pitch Decks Examples From Fintechs That Helped Them Raise Millions
  + stars: | 2022-09-27 | by ( Shannen Balogh | Anita Ramaswamy | Dan Defrancesco | ) www.businessinsider.com   time to read: +35 min
Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.
☆ How Peloton went from a pandemic-era success story worth $50 billion to laying off more than 4,000 workers and losing 3 top execs in a month
  + stars: | 2022-09-26 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +14 min
Peloton's stock has been trading well below the IPO price of $29 per share, at one point dropping as low as $8.22. Prior to founding Peloton, Foley was president at Barnes & Noble, overseeing its e-commerce business. "I would say that it took about five years for the really smart money to start getting involved," Foley told Insider in 2018. The ad, featuring a woman whose husband gifts her a Peloton bike for Christmas, was viewed as being sexist and playing into outdated standards of beauty. Public outrage over the ad sent Peloton's stock plunging 9%, wiping out $942 million in market value in a single day.
☆ How Peloton went from a pandemic-era success story worth $50 billion to laying off more than 4,000 workers and losing 4 top execs in a month
  + stars: | 2022-09-26 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +14 min
Peloton's stock has been trading well below the IPO price of $29 per share, at one point dropping as low as $8.22. Prior to founding Peloton, Foley was president at Barnes & Noble, overseeing its e-commerce business. "I would say that it took about five years for the really smart money to start getting involved," Foley told Insider in 2018. The ad, featuring a woman whose husband gifts her a Peloton bike for Christmas, was viewed as being sexist and playing into outdated standards of beauty. Public outrage over the ad sent Peloton's stock plunging 9%, wiping out $942 million in market value in a single day.
☆ Inside the life and career of Serena Williams, who is set to retire with 23 grand slam titles and $260 million
  + stars: | 2022-08-29 | by ( Chelsea Greenwood | Tyler Lauletta | ) www.businessinsider.com   time to read: 1 min
Serena Williams was born in 1981, the youngest of Richard and Oracene Williams' five daughters. Richard and Oracene Williams. Mark Lennihan/Associated PressShe was born in Saginaw, Michigan, but her family soon relocated to the Compton area of Los Angeles.
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