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☆ Redfin CEO explains why the housing market is taking a beating
▼ + stars: | 2023-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRedfin CEO explains why the housing market is taking a beatingGlenn Kelman, Redfin CEO, joins 'Squawk on the Street' to discuss how big of an impact the higher mortgage rates are having on the housing industry, whether the Federal Reserve's rate hike path is having the intended effect on home prices, rents, and more.

Persons: Glenn Kelman, Redfin

☆ Salesforce gave former employees stuffed toys wearing boomerang shirts as the company seeks to bring back ex-staff amid a hiring drive
▼ + stars: | 2023-09-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Salesforce held an alumni event last week with 50 former executives who were gifted with stuffed animals. The company is encouraging former executives to "boomerang" amid a hiring drive. Salesforce recently announced plans to hire 3,000 people despite brutal layoffs earlier this year. Kelman, who left the company in 2011 for leadership stints at the likes of Amazon Web Services and Oracle, said it was "good timing," and rejoined as president and chief marketing officer. Salesforce said it is hiring 3,300 employees across sales, engineering, and its data cloud product teams to help grow its artificial intelligence business last week, per Bloomberg.

Persons: Salesforce, Marc Benioff, Kendall Collins, he's, Collins, Ariel Kelman, Kelman, Miguel Milano, Celonis, Brian Milham, Katie Kutzer, David Winslow, Craig Shull, Steve Fisher, Dean Robison Organizations: Service, CNBC, Bloomberg, Amazon Web Services, Oracle Locations: Wall, Silicon, San Francisco, Salesforce, Madrid

☆ Salesforce turns to 'boomerangs,' luring back former execs to help reignite growth
▼ + stars: | 2023-09-18 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Marc Benioff, chief executive officer of Salesforce.com Inc., right, greets attendees after a keynote at the company's Dreamforce conference in San Francisco on Sept. 12, 2023. Ariel Kelman had been away from Salesforce for over a decade, when he received a direct message on Twitter from CEO Marc Benioff earlier this year. "I just thought it was good timing," Kelman said in an interview at Salesforce's Dreamforce conference in San Francisco last week. Kelman spent the few months prior running marketing at a startup called Fireblocks before rejoining Salesforce in June as chief marketing officer. Kelman and Milano are among at least eight ex-Salesforce execs who have rejoined the gang in 2023, as the company approaches its 25th birthday.

Persons: Marc Benioff, Benioff, Ariel Kelman, who'd, Kelman, Miguel Milano, Milano, Brian Millham, Millham, Dreamforce . Kelman, Salesforce, Bret Taylor, it's Organizations: Salesforce.com Inc, Amazon Web Services, Oracle, Salesforce's, Salesforce, CNBC Locations: San Francisco, Salesforce, Madrid

☆ New Lyft Feature Allows Women to Match Rides With Other Women
▼ + stars: | 2023-09-12 | by ( Kellen Browning | More About Kellen Browning | ) www.nytimes.com time to read: 1 min

The feature, Women+ Connect, will allow women and nonbinary riders and drivers to make being connecting with each other for trips a priority by toggling on a setting in the app. The goal, Lyft said, is for women to feel safer using its platform, and to increase the number of female Lyft drivers. About half of Lyft’s passengers but just 23 percent of its drivers are women, the company said. “Women drivers tell us it’s hard to drive at night,” said Jody Kelman, Lyft’s executive vice president of customers. “We need to remove a barrier for women drivers today.”

Persons: Lyft, ”, Jody Kelman

☆ Salesforce isn't planning another 'major' round of layoffs and is hiring for critical roles, it says
▼ + stars: | 2023-09-01 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +5 min

CEO Marc Benioff says he's got no plans for another big round of cuts and hopes layoffs are done. So on this week's call, Benioff took time to thank and wax poetic on all the former Salesforce employees who returned to work at the company during its turnaround effort. Former chief business officer Ebony Beckwith, a longtime executive who led the company's philanthropic foundation, quietly exited Salesforce in June. "We're ramping up hiring for critical roles," a spokesperson for Salesforce wrote to Insider via email when asked for clarification on Benioff's comments. At the same time, if former and current Salesforce employees are feeling whiplashed — told to leave and then told to come back — it's because the message coming from the top is mixed.

Persons: Marc Benioff, he's, Salesforce, Benioff, we've, It's, Ariel Kelman, Benioff's, Bret Taylor, Slack, Stewart Butterfield, Mark Nelson, Brent Hyder, Ebony Beckwith, Salespeople, Karl Keirstad, we're, whiplashed —, Ellen Thomas Organizations: Oracle, UBS, ethomas Locations: Salesforce

☆ Salesforce CEO Marc Benioff thanked 'boomerang' employees for the company's turnaround
▼ + stars: | 2023-08-30 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

CEO Marc Benioff thanked "boomerangs," employees who left and came back, for the fast-tracked growth. Salesforce overachieved its profit margin goals in the second quarter, earlier than planned for — and CEO Marc Benioff says "boomerang" employees played a big part in the results. Three high-profile Salesforce boomerangs have re-joined the company in recent months: president and chief revenue officer Miguel Milano, chief marketing officer Ariel Kelman, and chief business officer and chief of staff to Marc Benioff, Kendall Collins. Collins worked for Salesforce from 2004 to 2012, leaving as executive vice president of Salesforce Cloud. Over the last decade, he has worked in various roles across the tech industry, most recently as chief marketing officer of Okta.

Persons: Marc Benioff, boomerangs, Benioff, Salesforce, It's, Miguel Milano, Ariel Kelman, Kendall Collins, Milano, Celonis, Kelman, Collins, Ellen Thomas Organizations: —, Salesforce International, Oracle, Amazon Web Services, AWS, Salesforce, ethomas Locations: Salesforce

☆ After an unpredictable summer, Airbnb and Vrbo operators are deciding if the headaches of hosting are worth it
▼ + stars: | 2023-08-21 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Airbnb and Vrbo demand is strong this summer, but a glut of supply continues to pinch hosts. But some hosts said, even with the demand, the headaches of hosting are no longer worth the money. Courtesy of Ryan VillinesAfter a grueling summer, Airbnb and Vrbo operators are deciding if the headaches of hosting are worth it. "I could be on vacation or out having drinks with friends, but I'm going to have to reply to Airbnb guests who can't get in or can't find the street," she told Insider. Are you a short-term-rental host deciding whether to stay in or leave the industry?

Persons: It's, Ryan Villines, Villines, Peggy Gascon, Ric Kenworthy, Kenworthy, Jen Kelman, She's, Kelman, she's, Dan Latu Organizations: Service, Phoenix Locations: Wall, Silicon, Airbnb, Missouri, Phoenix, Pine , Arizona

☆ The housing market is at 'rock bottom,' says Redfin's CEO, as high rates and prices take their toll
▼ + stars: | 2023-08-17 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

High mortgage rates and price increases have meant fewer property listings. The market has hit "rock bottom," Redfin CEO Glenn Kelman told MarketWatch. Redfin CEO Glenn Kelman says it's hit "rock bottom." Kelman told MarketWatch that higher house prices have played a part in reducing mobility for young people in the US. "Apartments are expensive and houses are expensive, so I think household formation is going to be low," he said.

Persons: Glenn Kelman, it's, Freddie Mac, " Kelman, Kelman Organizations: Service Locations: Wall, Silicon

☆ The sluggish housing market is weighing on Redfin's stock as home sales 'near rock bottom'
▼ + stars: | 2023-08-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Redfin stock plunged as much as 24% Friday following a downbeat earnings report. "Sales volume is near rock bottom," CEO Glenn Kelman told analysts on Thursday. "Sales volume is near rock bottom," CEO Glenn Kelman told analysts on Thursday. For the third quarter, Redfin sees revenue dropping about 13% to $265 million-$279 million and losses narrowing to $21 million-$30 million from $90 million. Limited home inventory and elevated mortgage rates have kept house hunters sidelined and current homeowners reluctant to move, with many holding on to lower mortgage rates secured in prior years.

Persons: Glenn Kelman, Redfin, Redfin.com, Kelman Organizations: Service Locations: Wall, Silicon, New York, Seattle

☆ Blind and other anonymous forums are 'places of pure misery,' says Redfin's CEO – but also let workers 'speak truth to power'
▼ + stars: | 2023-07-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The CEO of real estate brokerage Redfin said anonymous forums are "places of pure misery." "Anonymity lets us slander one another without consequences, but it's also the only way to speak truth to power," Kelman said. "That led us to think there's a need for a third-party forum where people have the freedom to talk honestly about work," Kim said. "I was living there for six months and met with Amazon employees and signed them up in person – that's how we started flying." He also hosted parties and barbecues and invited Amazon workers so Blind could get more signups through word-of-mouth.

Persons: Redfin, Glenn Kelman, they're, Kyum Kim, it's, Kelman, Kim, Andrew Bosworth, Christian Charisius, Redfin didn't Organizations: Service, Meta, Twitter, Microsoft, Google, Korean, Amazon Locations: Wall, Silicon, Korea, California, Seattle

☆ Housing demand remains low but inventory is even lower, says Redfin CEO
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHousing demand remains low but inventory is even lower, says Redfin CEOGlenn Kelman, Redfin CEO, joins 'Squawk on the Street' to discuss what's happening in the real estate market, how long homeowners will try to keep the mortgage rates they already have, and how home buyers are paying for their homes.

Persons: Glenn Kelman, Redfin

☆ It's a cruel, unpredictable summer for Airbnb and Vrbo hosts — but it also might be the new normal
▼ + stars: | 2023-06-24 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Americans are still booking short-term rentals for the summer at record rates, beating expectations. But the growing pool of Airbnb and Vrbo hosts means some hosts are seeing revenue drop up to 18%. Americans are still voraciously booking short-term rentals, despite economic uncertainty — and are even outpacing expectations. In January, analytics site AirDNA forecasted demand for short-term rentals, as measured by nights booked, would grow by 5% in 2023. "Travel brands and the service economy have outperformed expectations, and short-term rentals are no different," said Jamie Lane, chief economist at AirDNA.

Persons: —, Jen Kelman, Jamie Lane, Katie Kay Mead, Mead, it's, Kelman, Melinda Johnson, We're, Johnson, She's, she's, I'm Organizations: Service, Phoenix, AirDNA Locations: Arizona, Arrowhead , California, Tennessee, Smoky

☆ Salesforce insiders say that by wooing back former execs, Marc Benioff may finally feel comfortable enough to loosen his grip
▼ + stars: | 2023-06-12 | by ( Julie Bort | ) www.businessinsider.com time to read: +5 min

Salesforce CEO Marc Benioff has been wooing back former executives for years. Insiders say that those that know Benioff best may get him to loosen his grip. Salesforce founder and CEO Marc Benioff has spent years wooing former executives back to the company. Benioff has surrounded himself with people "that know how Salesforce works and know how Benioff works" one former exec explained. With all of that new blood from aquisitions washed away, Benioff seems to think Salesforce can move forward by going back.

Persons: Marc Benioff, Brian Millham, Millham, Salesforce, Benioff, he's, Miguel Milano, Ariel Kelman, Kendall Collins, Steve Fisher, Dave Moellenhoff, Jim Steele, Clara Shih, Marc, —, Larry Ellison, Benioff's, Keith Block, Bret Taylor, Slack, Stewart Butterfield, Mark Nelson, Julie Bort Organizations: Oracle, Twitter Locations: Salesforce

June 6 (Reuters) - Salesforce Inc (CRM.N) CEO Marc Benioff has shuffled the top management, a person familiar with the matter told Reuters on Tuesday, a move that follows after the software company reported its slowest quarterly revenue growth since 2010. Miguel Milano has been appointed as the chief revenue officer, the source said, adding that Ariel Kelman will take over as Salesforce's chief marketing officer. After a previous tenure of nearly a decade at Salesforce, Milano will make a return from his recent position at software company Celonis. Kendall Collins, who will step into the role of chief of staff for Benioff, had worked as CMO at Okta and Cisco's AppDynamics. Salesforce President and Chief Operating Officer Brian Millham would be assuming new duties such as marketing, employee success and business technology, the source said.

Persons: Marc Benioff, Miguel Milano, Ariel Kelman, Milano, Celonis, Kelman, Kendall Collins, Brian Millham, Salesforce, Benioff, Kanjyik Ghosh, Akriti Sharma, Anirudh, Sherry Jacob, Phillips Organizations: Salesforce, Reuters, Amazon Web Services, Oracle, Inclusive, Microsoft Corp, Amazon.com Inc, Thomson Locations: Salesforce, Okta, Bengaluru

☆ Salesforce CEO shakes up top ranks, hints at succession plan - Insider
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

Miguel Milano, who moved back from Celonis, has been appointed Salesforce's chief revenue officer, according to the Insider report, which added that Ariel Kelman, previously the chief marketing officer at Amazon Web Services (AMZN.O) and Oracle (ORCL.N), has been named the new CMO. President and Chief Operating Officer Brian Millham will be taking on a host of new responsibilities, including marketing, employee success and business technology, the memo said. Salesforce did not immediately respond to a Reuters request for comment. The company last month posted an 11% rise in its quarterly revenue, the slowest pace of growth in 13 years. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

Persons: Marc Benioff, Miguel Milano, Ariel Kelman, Brian Millham, Salesforce, Kanjyik Ghosh, Sherry Jacob, Phillips Organizations: Salesforce, Oracle, Amazon Web Services, Inclusive, Thomson Locations: Celonis, Bengaluru

☆ Salesforce CEO Marc Benioff and his fast-rising COO Brian Millham tell us where the software giant is headed after 'a difficult time'
▼ + stars: | 2023-06-07 | by ( Julie Bort | Nicholas Carlson | ) www.businessinsider.com time to read: +6 min

The changes shifted more responsibility to President and COO Brian Millham. The changes shift more responsibility to president and COO Brian Millham, and go some way toward addressing investor concerns about succession -- should Benioff decide to pass the CEO reins in the future. Brian Millham: Closer to 70%. We're seeing many of our ex-employees want to come back to Salesforce, incredible boomerangs back to the company. Benioff: Well, I think Brian and my marriage is quite proven.

Persons: Benioff, Brian Millham, Millham, Nich Carlson, Marc Benioff, Salesforce, Brian, he's, it's, I'm, Marc, Carlson, Ariel Kelman, Miguel Milano, Kendall Collins, you've, I've Organizations: Morning, Insider's Locations: Salesforce's, Salesforce

☆ In an internal memo, Marc Benioff shakes up Salesforce's top ranks, and drops a subtle hint about the company's succession plan
▼ + stars: | 2023-06-06 | by ( Nicholas Carlson | Julie Bort | ) www.businessinsider.com time to read: +5 min

Miguel Milano becomes Salesforce's Chief Revenue Officer, moving from the same role at software company Celonis. Ariel Kelman, is the new Chief Marketing Officer of Salesforce. Benioff responded to the pressure by laying off thousands of employees and making other changes to increase the company's efficiency. Miguel Milano, our new Chief Revenue Officer: I'm excited to welcome back Miguel Milano to Salesforce as our Chief Revenue Officer. Ariel Kelman, our new Chief Marketing Officer:It's also incredible to welcome back Ariel Kelman as our new CMO!!!

Persons: Benioff, Marc Benioff, Miguel Milano, Milano, Ariel Kelman, Kendall Collins, Brian Millham, Salesforce, Millham, He's, Read, I'm, Brian, Brent, Juan, Miguel, It's, Ariel, Sarah Franklin, Sarah, she's, Sarah's, Congratulation Sarah, Alex Dayon, Alex, Alex !, Hui Hou Alex, Kendall, salesforce Organizations: Salesforce, Amazon, Oracle, Celonis, Amazon Web Services, Staff, Business Technology, Elliott Management, Human Resources, Global, Services, EMEA, APAC, AWS, Advisory, Board Locations: Okta, Salesforce, Celonis, AppDynamics

☆ Elon Musk said home prices will crater - and it prompted a sharp rebuttal from the CEO of housing giant Redfin
▼ + stars: | 2023-05-31 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Elon Musk said this week that home prices will tumble soon, following those of commercial real estate. Redfin's CEO responded, saying the loss of demand for commercial real estate is driving up demand for residential real estate. However, Redfin CEO Glenn Kelman countered his take in a tweet of his own on Tuesday:"But the loss in demand for commercial real estate is what's driving demand for residential real estate. The remote-work boom and waning need for office space has led to many vacant commercial real estate buildings, which Musk's initially referred to. Zillow has said that home prices have already bottomed, while Moody's and Fannie Mae still expect prices to drop further.

Persons: Elon Musk, Glenn Kelman, —, Billionaire Elon Musk, Musk's, Kelman, Zillow, Fannie Mae Organizations: Service, Privacy, Billionaire, Federal

☆ Here's why nobody is willing to sell a home these days
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why nobody is willing to sell a home these daysRedfin CEO Glenn Kelman joins 'Squawk on the Street' to discuss the number one issue now for housing, what will be the changing factor for the housing market, and what's happening with home prices.

Persons: Glenn Kelman

☆ Redfin CEO on housing market: Banking crisis has spooked customers
▼ + stars: | 2023-03-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRedfin CEO on housing market: Banking crisis has spooked customersGlenn Kelman, Redfin CEO, joins ‘Closing Bell: Overtime’ to discuss why home prices are falling despite inventories being low.

☆ Your Airbnb is watching you
▼ + stars: | 2023-03-04 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Airbnb hosts are hotly debating the appropriateness of security cameras. Some guests and hosts say it's an invasion of privacy for vacationers. Arizona host Zach Narus says cameras provide a "peace of mind" to his guests, just as much as they do for him. Once a guest messaged Narus that there was a loud banging outside the property and asked him to use the security cameras to check for an intruder or wildlife. Disclosing the use of cameras, Narus says, discourages bookings that are looking to throw a party.

☆ The problem with home-flipping giants
▼ + stars: | 2023-03-01 | by ( Aj Latrace | ) www.businessinsider.com time to read: +9 min

Meanwhile, the corporate scalpers of the housing market — companies that buy and relist homes by the thousands without doing much, if any, work on them to make a profit — are struggling. Last week, two of the biggest remaining corporate home-flipping companies, Opendoor and Offerpad, reported dismal earnings, another sign that their business model is incredibly risky. Kelman also said one "problem is that iBuying is a staggering amount of money and risk for a now-uncertain benefit. At its core, the main business model of home-flipping firms doesn't create a ton of immediate value. Opendoor, Offerpad, and other companies that rushed to purchase homes are now discounting the asking prices of those homes to get them off their books.

☆ Inside California's tiny-home takeover
▼ + stars: | 2023-02-24 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +8 min

For the state with the most dire housing shortage, the move could be a game changer — eventually. As the US grapples with a massive housing shortage, one possible solution is playing out in California right now — and the state may have struck gold. Oregon, Maine, and Nebraska, as well as cities like Miami, have enacted laws similar to California's. There's been opposition to ADUs from homeowners worried about the density of their neighborhoods and sometimes the aesthetics of the structures. Ultimately, the housing shortage could be alleviated, she said.

☆ We're still at half the housing inventory of 2016 through 2019, says Redfin's Glenn Kelman
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're still at half the housing inventory of 2016 through 2019, says Redfin's Glenn KelmanRedfin CEO Glenn Kelman joins Brian Sullivan and the 'CNBC Special: Taking Stock' to discuss housing data and what's really going on in the market right now.

☆ A housing market 'trough' is around the corner and should be a welcome relief to real estate firms like Zillow, a Bank of America analyst says
▼ + stars: | 2023-01-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

High mortgage rates and home prices have put the housing market into a deep chill. A Bank of America analyst upgraded real estate stock Zillow from "underperform" to a "buy." A dark cloud is hovering over America's housing market with each week bringing signs of doom and gloom. The rosier view wasn't because of an imminent improvement in the housing market. That's hit Zillow — which earns most of its revenue from lead generation for real estate agents — squarely in the pocket.

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