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☆ Goldman breaks down the laggard trade and gives its comeback picks for first quarter 2024
▼ + stars: | 2023-12-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Today's market-leading stocks may not have the luxury to sit on their laurels, according to Goldman Sachs. Since Goldman Sachs began tracking the "Laggards" trade in 2022, the trend has held up 13 years out of 21, according to Mehta. The laggards have on average outperformed the S & P 500 by 130 basis points. The first, "differentiated buys," includes opportunities where Goldman Sachs analysts have out-of-consensus buy ratings. Finally, Goldman Sachs analysts also identified stocks with a "track record of CROCI [cash return on capital invested] generation," a metric that evaluates a company's cash return against its total equity.

Persons: Goldman Sachs, there's, Deep Mehta, Mehta, Laggards, laggards, Locker, — CNBC's Michael Bloom Organizations: Financial, Barclays, Mosaic, CF Industries, Clear, Chesapeake Energy, Shoals Technologies, Biomarin Pharmaceutical, Body Works, Mohawk Industries, Bristol, Myers Squibb, Honeywell International, United Parcel Service Locations: . Norfolk Southern, Bath

☆ TikTok sleuths have been obsessing over the case of Nancy Ng, a woman who vanished during a yoga retreat — and it's revealed an ugly truth
▼ + stars: | 2023-12-04 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

In his first video, he addressed some "really shady" circumstances around Ng's case, including some comments by Chris Sharpe, the leader of the search-and-rescue team hired by Ng's family. Advertisement"Our desensitization to true crime, due to our constant consumption of media, means it's almost a challenge or a game to solve these puzzles," she said. The dark realityThough armchair sleuths can have their benefits, a lot of information shared about true crime can be misinformed, insensitive, or exaggerated. For example, in October, a man named Lawrence Crook begged TikTokers to stop making true crime content about his mom's murder. "What is interesting about the case of Nancy Ng is that this is a woman of Asian descent," she said.

Persons: Nancy Ng, isn't, TikTok, —, Ng, TikTokers, Ed Choi, Chris Sharpe, Ng's, Sharpe, Choi, Christina Blazek, influencer Gabby Petito, Kendal Stoneystreet, Stoneystreet, Madeline McCann, Jack, David Wilson, Lawrence Crook, Odessa Carey, Crook's, Crook, Nancy Ng's, Gabby Petito's, Lauren Smith, Kourtney Nichole, GabbyPetito, TikToker, Arigato Grande Organizations: Service, Authorities, Independent, ABC7, Sheffield Hallam University, Guatemalan Locations: Lake Atitlán, Guatemala, Southern California

☆ How Wall Street's Culture Is Contributing to the Loneliness Crisis
▼ + stars: | 2023-11-30 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

Wall Street is notorious for its long hours and stressful lifestyle, particularly at the junior level, where grunt work abounds. They'd work hard and play hard, with an enviable social life like in all the Wall Street movies she'd seen. But Wall Street workers say that the nature of finance — the office politics and uniquely competitive cohort — can create a work culture that exacerbates feelings of loneliness. Some of the loneliness comes from this — it's all new, it feels bad, it's scary, and they don't feel like they can talk to anyone. But that doesn't mean people working on Wall Street can't do anything to mitigate their loneliness.

Persons: Madison, They'd, She'd, we'd, Cigna, it's, Wharton, Abbey, Denise Shull, Michael Sloyer, Goldman Sachs, Bumble BFF, Bumble, She's, —, Shull, I've, doesn't, They're, Sam Glazer, It's, Glazer, who's, There's, Goldman Organizations: Hamptons, Business, Wall, Ivy League, Madison, Harvard, NYU, Fifth Avenue Psychiatry Locations: New York City, Madison, Wharton, Yale, Upbuild, New York

☆ Mark Zuckerberg can kiss 'Hot Zuck Summer' goodbye. Instagram is now in full crisis mode.
▼ + stars: | 2023-11-27 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +7 min

AdvertisementFor a few weeks in July, an uncanny phrase permeated the air that mildly pained some who typed it: "Hot Zuck Summer." And although "Hot Zuck Summer" might have been a lighthearted take on Zuckerberg, the latest scandal is anything but. On Monday, The Wall Street Journal reported the disturbing way that sexualized content of children was served to adults through Instagram's Reels. Those accounts were then recommended Reels for adult sexual content and sexualized child content, the Journal reported. "Hot Zuck Summer" has turned into "Instagram Nightmare Fall."

Persons: Instagram, —, Mark Zuckerberg, Elon Musk, Zuckerberg, Frances Haugen, Meta, Sheryl Sandberg, Sandberg, Liza Crenshaw, Adam, Mosseri Organizations: Service, Elon, Street Journal, Canadian Centre for Child Protection, U.S, Walmart, Lean, Business, Meta, Facebook Locations: Massachusetts

☆ Cami Téllez's underwear startup Parade went bust, and employees blame her. Is it OK to write about it?
▼ + stars: | 2023-11-21 | by ( Melkorka Licea | ) www.businessinsider.com time to read: +28 min

Owning Gucci loafers "wouldn't make me any less capable of leading my team," Téllez rightfully pointed out. Most startups attract people who know this and are excited by it, and Parade employees were no different. "Like any for-profit company, Parade sought to make money and deliver value for shareholders," she told Business Insider. Téllez told staffers DeFuria was sick, and some were worried enough to send flowers to his home. Téllez told employees that they should be receiving offers for positions at AAI "within the next 72 hours at the latest."

Persons: Camila Téllez, I'd, —, Steph Korey, Audrey Gelman, they'd, Steve Jobs, I've, Emily Weiss, Marc Andreessen, Téllez, Gen Zers, Calvin Klein, Cami, Cami Téllez's, she'd, Gucci loafers, Slack, Rhonda Moret, there's, Jack DeFuria, Shakira, Warby Parker's, Neil Blumenthal, Peyton Dix, Jeffries, Evan Mock, Kamala Harris, Ella Emhoff, Gen, Karli Kloss, Omar, who'd, Ty Haney —, — Téllez, Kerry Steib, Meredith Gillies, we've, Steib, I'm, Lyndsey Arnold, Arnold, Lailee, Taghdisi, DeFuria, Kristen Dolzynski, Dolzynski, commenter, weren't Organizations: Ariela, Associates International, AAI, CNBC, Columbia University, NYU, Parade, West Dakota, Forbes, longtime, American, Karli, Voices, Spotify, North America, Employees, Casper, Casa de, Former Locations: New York, Instagram, New, Téllez, York, Colombia, North, SoHo, Dominican Republic

☆ Thinking about bringing your significant other to Thanksgiving? Here’s what to consider
▼ + stars: | 2023-11-20 | by ( Jocelyn Solis-Moreira | ) edition.cnn.com time to read: +6 min

Inviting your partner to Thanksgiving is a huge step in any relationship journey. The Thanksgiving invitation should come after getting to see each other in a variety of settings, such as hanging with each other’s friends or after being physically intimate. Couples should also talk about what the end goal is for inviting their partner to Thanksgiving. Of all your relatives, your significant other should meet your parents or other important family at least a few days earlier. What to do on Thanksgiving DayIf you decide to invite your partner, Coles recommended bringing a gift as a thank-you for the invitation.

Persons: Viviana Coles, “, eHarmony, Laurel, prying, “ I’ve, ”, Shan Boodram, Bumble, Boodram, you’ll, Coles, “ It’s, House, Jocelyn Solis, Moreira Organizations: CNN, Laurel House Locations: Turkey, New York

☆ Bumble founder Whitney Wolfe Herd's daily routine: 5:15 a.m wake-ups and dialing into meetings after dropping her son off at school
▼ + stars: | 2023-11-19 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

Bumble founder Whitney Wolfe Herd is stepping down as CEO after almost a decade. "I sleep with the drapes open to rise with the sun," Wolfe Herd told the outlet back in 2017. Advertisement"You only have two hands," Wolfe Herd told Entrepreneur in 2017. Like many parents, Wolfe Herd also said she dealt with late nights and sleep deprivation. "You just never know what you're gonna get," Wolfe Herd told Time.

Persons: Bumble, Whitney Wolfe, —, Whitney Wolfe Herd, Wolfe Herd, Wolfe, Michael Herd, Emma Watson Organizations: Service, Times, New York Times, Texas Capitol, Chappy Locations: London, Texas

☆ Jeff Bezos and Lauren Sanchez had a 2nd star-studded engagement party attended by guests including Kris Jenner, Oprah, and Robert Pattinson
▼ + stars: | 2023-11-15 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Call it déjà vu: Jeff Bezos and fiancée Lauren Sanchez had an engagement party, again. Guests included the likes of Oprah, Kris Jenner, Barbra Streisand, and Robert Pattinson. AdvertisementWhy have one engagement party when you can have two? Guests included the likes of Kris Jenner, Oprah Winfrey, Robert Pattinson, Salma Hayek Pinault, and Barbra Streisand, per Vogue. AdvertisementGuests at Bezos' and Sanchez's first engagement party included big names like Leonardo DiCaprio, Bill Gates, the Queen of Jordan, Andrew Garfield, and Bumble founder Whitney Wolfe Herd, according to Page Six.

Persons: Jeff Bezos, fiancée Lauren Sanchez, Barry Diller, Diane von Furstenberg, Oprah, Kris Jenner, Barbra Streisand, Robert Pattinson, —, Lauren Sanchez, Oprah Winfrey, Salma Hayek Pinault, Bezos, Leonardo DiCaprio, Bill Gates, Queen, Jordan, Andrew Garfield, Bumble, Whitney Wolfe, Sanchez Organizations: Service, Beverly, Vogue

☆ Slack names longtime Salesforce executive Denise Dresser as new CEO
▼ + stars: | 2023-11-13 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Denise Dresser, a longtime Salesforce exec, will become the new CEO of Slack. AdvertisementAdvertisementSalesforce CEO Marc Benioff said Monday that Slack had named Denise Dresser as its next chief executive. Dresser, who has worked for Salesforce for 12 years, is president of accelerated industries at Salesforce. Salesforce said in August that its chief people officer, Brent Hyder, would leave to "pursue a new opportunity." To contact Ellen Thomas with insight or information about Slack or Salesforce, reach out at ethomas@insider.com or call/text (646) 847-9416 using the encrypted-messaging app Signal.

Persons: Denise Dresser, Slack, Lidiane Jones, Marc Benioff, —, She'll, who's, Dresser, Denise, Benioff, Jones, Whitney Wolfe, Stewart Butterfield, Bret Taylor, Mark Nelson, Gavin Patterson, Ebony Beckwith, Salesforce, Brent Hyder, Salesforce's, Vikram Rao, Ariel Kelman, Oracle's, Ellen Thomas Organizations: Bumble Inc, Service, Salesforce, Elliott Management Locations: Salesforce

☆ Salesforce appoints longtime executive Denise Dresser as Slack CEO
▼ + stars: | 2023-11-13 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Longtime Salesforce executive Denise Dresser has been appointed CEO of Slack, Salesforce co-founder and chief executive Marc Benioff announced Monday. Dresser becomes the third CEO of the Salesforce unit since it was acquired by Salesforce in 2020. She has been a Salesforce executive for more than 12 years, according to her company biography and LinkedIn profile, most recently as president of accelerated industries. Dresser will take the top job at Slack after its most recent CEO, Lidiane Jones, accepted the chief executive role at dating app Bumble earlier this month. Most notably, Slack founder Stewart Butterfield and Salesforce co-CEO Bret Taylor departed in the span of two weeks in December 2022.

Persons: Technology Denise Holland Dresser, Casey Hurbis, Shilpa Sharma, Denise Dresser, Slack, Salesforce, Marc Benioff, Dresser, Lidiane Jones, Jones, Bumble, Whitney Wolfe, Benioff, Denise, Arthur Andersen, Stewart Butterfield, Bret Taylor, Butterfield, — CNBC's Ari Levy, Jordan Novet Organizations: Communications, Media, Technology, Rocket, Boston Consulting, Salesforce, CNBC, University of Massachusetts Amherst, Oracle, Big Locations: Beverly Hills , California, Salesforce

☆ Bumble's new CEO Lidiane Jones has underdog buzz
▼ + stars: | 2023-11-12 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Lidiane Jones, Bumble's new CEO, has her work cut out for her to improve the company's outlook. The former Slack CEO has never led a public company before, and Bumble's stock isn't doing well. Jones told Financial Times she sees herself as an "underdog" — and that will work to her advantage. "The immigrant and the scholarship — I think that's probably as underdog as I can get," Jones told the outlet in an article published Friday. Jones told the Financial Times.

Persons: Lidiane Jones, Jones, —, app's, Whitney Wolfe, Slack, Bumble, she'd, Herd Organizations: Slack, Financial, Service, Stock, Financial Times Locations: Brazil

☆ We moved to Mexico from Texas and have never been happier. We're saving $2,000 a month and can even afford to go to the dentist.
▼ + stars: | 2023-11-08 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

Braelyn and Spencer Stone moved from Houston, Texas, to Mérida, Mexico, in 2022. They've reduced their debt by living in Mexico but miss their family and friends. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with social-media managers Braelyn, 31, and Spencer Stone, 27, about moving to Mérida, Mexico, in 2022 after becoming unable to afford life in Houston, Texas. Rectoria El Jesus Tercera Orden in Mérida, Mexico. I would say we are saving a little over $2,000 each month — depending on how much we want to splurge.

Persons: Braelyn, Spencer Stone, They've, —, Spencer, COVID, Rectoria, Pawel Toczynski, we've, We've, That's, I'm, Bumble, There's Organizations: Service, Spencer, Healthcare, Baylor, University of Houston, Jesus Tercera Orden Locations: Houston , Texas, Mérida, Mexico, Houston, Jesus, States

☆ Bumble forecasts weak fourth-quarter revenue, shares fall
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

Match last month, however, forecast fourth-quarter revenue below market estimates, reflecting the impact of a strong dollar and risk to revenue from Israel against the backdrop of the Middle East conflict. Total paying users across Bumble's apps including Badoo and Fruitz increased to 3.8 million in the third quarter, compared with 3.3 million a year earlier. Austin, Texas-based Bumble expects revenue for the quarter ending Dec. 31 to be between $272 million and $278 million, compared with analysts' estimates of $285.9 million, according to LSEG data. Total average revenue per paying user increased to $23.42 in the third quarter, compared with $22.96 a year earlier. The company posted revenue of $275.5 million, compared with estimates of $277 million.

Persons: Mike Segar, Bumble, Whitney Wolfe, Lidiane Jones, Jaspreet Singh, Shounak Dasgupta, Shilpi Majumdar Organizations: Nasdaq, Inc, REUTERS, Wall, Slack, Match, Thomson Locations: New York City , New York, U.S, Israel, Middle East, Austin , Texas, Bengaluru

☆ Ending the 40-hour workweek is possible, but it'll require sacrifices from all of us
▼ + stars: | 2023-11-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at the internet calling for changes to the "soul-crushing" and "depressing" 9-to-5 workday. The 40-hour workweek is facing a reckoning after a recent grad's viral TikTok emotionally questioning how people have time for a personal life while working a full-time job. AdvertisementAdvertisementSo yes, upending the 9-to-5 is possible — and worth considering — but only with a bit of sacrifice from all of us. Earnings today: Uber, eBay, H&R Block, Nintendo, and other companies.

Persons: —, Dolly Parton, Jeff Kravitz, FilmMagic, Dolly, Gen, Insider's, Gen Z, Tim Paradis, I've, we'd, Rebecca Zisser, Ray Dalio, That's, Rob Copeland's, Dalio, Warren Buffett's, Sam Altman Justin Sullivan, OpenAI's, Sam Altman, Slack, Lidiane Jones, Bumble, Tesla, Samantha Lee, WeWork, they're, Billie Jean King, Bryan Johnson, Dustin Giallanza, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Bridgewater Associates, Bank of America, EV, Microsoft, Billie Jean King Cup, eBay, Nintendo Locations: Taylor, Berkshire, Kentucky, Mississippi, Sevilla, Spain, Australia, Canada, Czech Republic, France, Germany, Italy, Kazakhstan, Poland, Slovenia, Switzerland, New York City, San Diego, London, New York

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Federal Reserve Bank of Minneapolis President Neel Kashkari doused hopes of early rate cuts late on Monday, saying the central bank likely has more work ahead of it to control inflation. Market participants will parse commentary from Fed Board Governor Christopher Waller and New York Fed President John Williams later on Tuesday for more clues on the central bank's interest rate path. Uncertainty about the timing of potential rate cuts and some dismal corporate forecasts for the fourth quarter have cast a doubt on whether there could be a year-end rally for stocks. ET, Dow e-minis were down 106 points, or 0.31%, S&P 500 e-minis were down 14.5 points, or 0.33%, and Nasdaq 100 e-minis were down 43.25 points, or 0.28%.

Persons: Brendan McDermid, Neel Kashkari, Christopher Waller, John Williams, Jerome Powell's, Ipek Ozkardeskaya, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Federal Reserve, Federal Reserve Bank of Minneapolis, Treasury, U.S, Fed, New York Fed, Swissquote Bank, EBay, Dow e, Exxon Mobil, Chevron, Occidental Petroleum, Intel, Thomson Locations: New York City, U.S, China

☆ Wall St extends winning streak; eyes Fed speakers, Treasury auctions
▼ + stars: | 2023-11-06 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

Expectations the Fed was likely done with rate hikes sent the S&P 500 up 5.85% last week and the Nasdaq up 6.61%, their biggest weekly jumps since November 2022. The session marks the sixth straight advance for the Dow and S&P 500 and seventh straight gain for the Nasdaq. The streak is the longest for the S&P 500 since early June, since July for the Dow and since January for the Nasdaq. A total of 403 companies in the S&P 500 have reported profits through Friday the third quarter, with 81.6% surpassing analyst estimates, per LSEG data. The S&P 500 posted nine new 52-week highs and no new lows while the Nasdaq recorded 46 new highs and 113 new lows.

Persons: Bumble, CME's, Jerome Powell, John Williams, Lorie Logan, Stephen Massocca, Brendan McDermid, Walt Disney, Erik Carlson, Whitney Wolfe, Chuck Mikolajczak, Richard Chang Organizations: Federal Reserve, New York Fed, Dallas Fed, Wedbush Securities, Nasdaq, New York Stock Exchange, REUTERS, Dow Jones, Dow, University of, Dish Network, NYSE, Thomson Locations: New, San Francisco, New York City, U.S

☆ Dating Apps Need to Rekindle Romance With Wall Street
▼ + stars: | 2023-11-06 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Lidiane Jones will take over as CEO of Bumble. Photo: josh edelson/Agence France-Presse/Getty ImagesInvestors are swiping left on Bumble ’s new chief. The owner of the female-driven online dating app of the same name saw its share price slide about 5% on Monday morning after the company said that founder Whitney Wolfe Herd is stepping down from the chief-executive officer role. She will remain as executive chair, while Lidiane Jones will take over as CEO on Jan 2. She currently heads up Slack Technologies, where she became CEO almost a year ago under the ownership of Salesforce.

Persons: Lidiane Jones, Bumble, josh edelson, Whitney Wolfe Organizations: Agence France, Getty, Slack Technologies

☆ Wall St flat after rally as Fed speakers, Treasury auctions eyed
▼ + stars: | 2023-11-06 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Markets will look for more clarity on the Fed's intentions from officials speaking later in the week, including Chair Jerome Powell, and voting members such as New York Fed chief John Williams and Dallas Fed President Lorie Logan. Expectations the Fed was likely done with rate hikes sent the S&P 500 up 5.85% last week and the Nasdaq up 6.61%, their biggest weekly jumps since November 2022. A total of 403 companies in the S&P 500 have reported profits through Friday the third quarter, with 81.6% surpassing analyst estimates, per LSEG data. The S&P 500 posted nine new 52-week highs and no new lows while the Nasdaq recorded 43 new highs and 99 new lows.

Persons: Brendan McDermid, CME's, Jerome Powell, John Williams, Lorie Logan, Stephen Massocca, Walt Disney, Erik Carlson, Whitney Wolfe, Chuck Mikolajczak, Richard Chang Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, New York Fed, Dallas Fed, Wedbush Securities, University of, Dow Jones, Dish Network, NYSE, Thomson Locations: New York City, U.S, New, San Francisco

☆ Bumble CEO Whitney Wolfe Herd Steps Down
▼ + stars: | 2023-11-06 | by ( Sara Ashley O Brien | ) www.wsj.com time to read: 1 min

Lidiane Jones, left, will become chief executive of Bumble Inc., replacing Whitney Wolfe Herd, right, who will move into an executive chair role. Photo: Pamela HansonBumble Inc.’s Whitney Wolfe Herd is stepping down as chief executive of the company known for the female-focused dating app she founded nearly a decade ago. She will be succeeded by Lidiane Jones, who became the chief executive of Slack Technologies in January. Jones starts as CEO of Bumble on Jan. 2. Wolfe Herd will remain at the company as executive chair.

Persons: Lidiane Jones, Whitney Wolfe, Pamela Hanson Bumble, ’, Jones, Bumble, Jan, Wolfe Organizations: Bumble Inc, Pamela Hanson Bumble Inc, Slack Technologies

☆ Bumble shares drop as founder Wolfe Herd to relinquish CEO role
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] Bumble CEO Whitney Wolfe Herd has her photo taken on the red carpet after arriving for the TIME 100 Gala in Manhattan, New York, U.S., April 24, 2018. She will take over on Jan. 2, while Wolfe Herd will remain executive chair. "Lidiane's expertise and track record in product and technology is exceptional," said Wolfe Herd as the company looks to adopt artificial intelligence across its products. Wolfe Herd, 33, launched the company in 2014 after an acrimonious departure from Match Group-owned rival app Tinder, which she had co-founded. This is the second big executive departure this year at Bumble following the exit of President Tariq Shaukat, who stepped down after three years in the role.

Persons: Bumble, Whitney Wolfe Herd, Shannon Stapleton, Whitney Wolfe, Lidiane Jones, Jones, Slack, Wolfe, Wolfe Herd, Gen, Tariq Shaukat, Yuvraj Malik, Maju Samuel, Arun Koyyur Organizations: REUTERS, Microsoft, Match Group, Bumble, Thomson Locations: Manhattan , New York, U.S, Eastern Europe, Bengaluru

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Seven of the 11 major S&P 500 sectors climbed, with information technology (.SPLRCT) and consumer discretionary (.SPLRCD) leading gains. Other speakers include voting members such as Federal Reserve Board Governor Lisa Cook, New York Fed President John Williams and Dallas Fed President Lorie Logan. A total of 403 companies in the S&P 500 have reported profits to date in the third quarter, with 81.6% surpassing analyst estimates, per LSEG data. Declining issues outnumbered advancers for a 2.01-to-1 ratio on the NYSE and for a 1.24-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, Tesla, Jerome Powell, Lisa Cook, John Williams, Lorie Logan, Jamie Cox, Walt Disney, Erik Carlson, Whitney Wolfe, advancers, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dish, Dow, Nasdaq, Federal, Tesla, Reuters, Traders, Federal Reserve, Lisa Cook , New York Fed, Dallas Fed, Harris Financial, Fed, University of, Dow Jones, Dish Network, NYSE, Thomson Locations: New York City, U.S, Berlin ., Lisa Cook , New

☆ Bumble founder and CEO to step down early next year, Slack chief executive to succeed her
▼ + stars: | 2023-11-06 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media)Whitney Wolfe Herd, founder and CEO of the dating app Bumble , is stepping down from her role at the helm of the company early next year. She will be succeeded by Lidiane Jones, CEO of Salesforce's cloud-based messaging platform Slack, on Jan. 2, 2024, according to a company release Monday. She will transition to a new role as executive chair when Jones takes over as CEO. She added that she is "grateful to have the support of my colleagues at Slack and Salesforce."

Persons: POINT, Whitney Wolfe Herd, Bumble, Vox, Jerod Harris, Wolfe Herd, Lidiane Jones, Jones, Slack, Salesforce Organizations: The Ritz, Carlton, Getty, Vox Media, Microsoft, CNBC PRO Locations: CALIFORNIA, Laguna Niguel, Dana Point , California

☆ How Whitney Wolfe Herd's fateful deal with a Russian mogul deprived early Bumble employees of a stock windfall when she became a billionaire
▼ + stars: | 2023-11-06 | by ( Ben Bergman | ) www.businessinsider.com time to read: +23 min

I'm fucking done," she told a reporter at Time, who described Wolfe Herd as "blinking back tears" during the interview. "My hands are tied," Wolfe Herd told the audience, according to several people who were in the room. Wolfe Herd once called him her biggest mentor, saying, "He's become my family and one of my best friends." Some early employees said they only found out about the shadow-equity program, and who received it, years later. Based on the current share price, Wolfe Herd is no longer a billionaire, though her fortune still sits at an estimated $627 million.

Persons: Whitney Wolfe Herd, Andrey Andreev, Wolfe Herd, Bumble, Whitney Wolfe, Wolfe, Bumble wasn't, Charley Gallay, I've, Robbie McKay, McKay, Jerod Harris, Sarah Mick, Bumble's, That's, Mick, Justin Mateen, Tinder, Antoine Antoniol, Andreev, What's, He's, —, Jody Thelander, Alexandra Williamson, Samantha Fulgham, Chelsea Maclin, Caroline Ellis Roche, Michael Herd, they'd, Taylor, they're, Vivien Killilea, didn't, Charles Elson, Elson, Blackstone, Forbes, Ben Bergman Organizations: Worldwide Vision, Nasdaq, Carlton, Getty, Fortune, Andreev's, TechCrunch, Southwest, telltale, Founders, Chelsea, Austin, Ritz, Mailchimp, Intuit, University of Delaware, Twitter Locations: Russian, Austin, Los Angeles , California, Bumble, Northern California, Deer Valley , Utah, Punta Mita , Mexico, Tinder, London, Bermuda, WVL, San Francisco, Texas, Positano, Italy, Bay, Atlanta, MagicLab, Badoo, bbergman@insider.com

☆ Bumble founder Whitney Wolfe Herd steps down as CEO. She’ll be replaced by Slack’s leader
▼ + stars: | 2023-11-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Bumble founder Whitney Wolfe Herd is stepping down as chief executive after nearly a decade running the dating app company. Wolfe Herd will remain at Bumble as executive chair. Wolfe Herd started her career at rival dating service Tinder, which she co-founded. Today, Bumble is the parent company of four apps — Bumble, Official, Badoo and Fruitz — and the Bumble app has expanded to include features to help people find friends and professional connections. When Bumble made its initial public offering in 2021, Wolfe Herd, then 31, became one of the world’s youngest self-made female billionaires.

Persons: Bumble, Whitney Wolfe, Wolfe, Lidiane Jones, Slack, ” Wolfe Herd, Jones, Wolfe Herd, Andrey Andreev, Andreev, —, Salesforce, Sonos, ” Jones Organizations: New, New York CNN, Wall Street, Group, Microsoft, Bumble Locations: New York

☆ Slack will announce a new CEO next week as its current one departs for Bumble, Salesforce CEO Marc Benioff says in a leaked message
▼ + stars: | 2023-11-06 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +1 min

Salesforce CEO Marc Benioff said Monday the company would name a new Slack CEO. Slack's current CEO, Lidiane Jones, is leaving the company at the end of the year. Salesforce is set to name a new chief executive at Slack next Monday, CEO Marc Benioff wrote to the entire company in a post on the workplace-communications app viewed by Insider. "Lidiane, this a hugely-deserved achievement for you one of our most incredible executives," Benioff wrote. "While we will all of course miss you greatly (especially me), I recognize what an amazing opportunity this is for you becoming a public company CEO."

Persons: Marc Benioff, Lidiane Jones, Jones, Slack, Benioff Organizations: Slack

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