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☆ Facebook employees react to being laid off
▼ + stars: | 2022-11-10 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

After the company let go thousands of employees on Wednesday, some took to social media to discuss being fired and search for new jobs. Meta employees are taking to social media to discuss layoffs. After the company laid off more than 11,000 workers, some are turning to LinkedIn or Twitter to share their accounts of the layoffs and search for new jobs. Regulatory filings show Musk sold 19.5 million of the company's shares following his $44 billion Twitter buyout. Microsoft's former VP of HR shares three questions job candidates can use to nail an interview.

☆ Facebook has announced layoffs. Here's which teams are likely to be affected.
▼ + stars: | 2022-11-09 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

But in the tech world: There's one thing we can't seem to escape — layoffs. Elon Musk's Twitter is asking some laid-off workers if they want to come back. Meanwhile, some tech workers who have been laid off are taking to TikTok to post "get ready with me" videos wherein they film themselves — you guessed it — getting ready to be laid off. According to people familiar with the company, divisions including marketing, partnerships, HR, and engineering will be among the hardest hit. Elon Musk is looking to rehire Twitter workers.

☆ Inside BlackRock's long journey toward crypto adoption
▼ + stars: | 2022-11-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

BlackRock's crypto quest. The culmination, and perhaps biggest step, in BlackRock's crypto journey came this summer, when it announced a partnership with Coinbase. Insider's Rebecca Ungarino and Morgan Chittum mapped out Blackrock's long journey toward crypto acceptance, which essentially dates back to an initial memo in 2015. Which is why mapping out BlackRock's journey is so interesting, Rebecca told me. Industry insiders detail a difficult week for the tech industry that saw thousands lose their jobs.

☆ Thousands of tech workers were laid off last week. Experts say it's just the beginning.
▼ + stars: | 2022-11-07 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +3 min

We've got a lot to get to today, so I'm going to get straight into the news, starting with why experts are warning that tech layoffs are just beginning. Thousands of workers were laid off last week. A Tesla alum used this pitch deck to raise a $2.5 million seed round for his startup. We got a look at the pitch deck its founder used to raise seed funding — check it out here. Plus, check out our full, searchable pitch deck database here.

☆ Walmart-backed One has made a splash with high-profile hires and big potential, but customers of the old regime feel left behind
▼ + stars: | 2022-11-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

The ones left behindHaving your bank acquired by the nation's largest retailer might seem like an exciting opportunity. Read our full deep-dive into how One customers feel frustrated by changes made to their bank in the wake of its acquisition. In other news:Diddy, Heidi Klum, and Mindy Kaling are just a few of the many celebrities that celebrate Halloween with statement looks. Diddy/Instagram; Noam Galai/Getty Images for Heidi Klum; Mindy Kaling/Instagram2. Credit to Heidi Klum for going all in.

☆ Twitter employees expect layoffs as Elon Musk preps 'aggressive' cuts
▼ + stars: | 2022-10-31 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

And that's not to mention that employees are preparing for layoffs after Twitter leaders and VPs made lists of who to keep. Twitter employees expect layoffs to begin very soon. By Saturday afternoon, they handed Elon Musk lists of employees "to keep," two people said. Elon Musk fired Twitter execs "for cause" in a bid to avoid paying out tens of millions in severance. Among this year's biggest losers are those who've invested heavily in the metaverse (Meta CEO Mark Zuckerberg) and crypto (Binance CEO Changpeng Zhao).

Welcome back to Insider Weekly, a roundup of some of our top stories. The industry took a beating after Meta, Alphabet, Amazon, and Microsoft reported poorer-than-expected earnings, wiping nearly $1 trillion off their collective market caps. Microsoft and Amazon reported slower growth in their usually outperforming cloud divisions, with Amazon also warning of slower holiday sales. Stephen Lam/Getty ImagesAmid a streak of disappointing financial results, inflation, and global turmoil, companies like Meta, Microsoft, and Google are looking to rein in runaway costs. For years, Big Tech companies competed on pay and perks to lure workers in a tight labor market.

☆ Inside ex-Goldman Sachs banker Gregg Lemkau's big bet on himself
▼ + stars: | 2022-10-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Gregg Lemkau (center) led MSD Partners, the investment firm financed by Michael Dell (right) to a merger with merchant bank BDT & Company, founded by Byron Trott (left). Gregg Lemkau seemingly had it all, which is why many were surprised at his decision to end his 28-year tenure at Goldman Sachs to run MSD Partners, Michael Dell's investment firm, in late 2020. Nearly two years later, Lemkau has silenced any doubters by orchestrating a merger between MSD and merchant bank BDT & Company. Lemkau will serve as co-CEO with BDT founder and CEO Byron Trott of the new firm, which will target rich families and founders. Click here to read more about Gregg Lemkau's ascension at Goldman Sachs and his decision to leave.

☆ 2 Chase Ink Business credit cards are offering their highest welcome bonuses ever, worth $900 — and neither charge an annual fee
▼ + stars: | 2022-10-28 | by ( Tessa Campbell | Personal Finance Reviews Fellow | Read More | ) www.businessinsider.com time to read: +22 min

Otherwise, if you've previously contemplated opening the Ink Business Unlimited® Credit Card or Ink Business Cash® Credit Card, now is the perfect time to apply. Compare Chase Ink Business credit cards Ink Business Unlimited® Credit CardInk Business Cash® Credit CardInk Business Preferred® Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Chase Ink Cash vs Ink Unlimited: Side-by-side comparisonIf you're having trouble deciding between the Chase Ink cards, be sure to check out our comparison of the Chase Ink Business Cash and Ink Business Unlimited for a closer look at each card's features and benefits. However, Chase cards, including the Ink Business Unlimited® Credit Card and Ink Business Cash® Credit Card, fall under what's commonly known as the Chase 5/24 rule. That's why if you're just starting with credit cards, it's a good strategy to apply for Chase cards (particularly Chase business cards) first.

☆ Meta employees are bracing for possible layoffs as growth slows and spending on the metaverse soars
▼ + stars: | 2022-10-27 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +5 min

In other news, Elon Musk visited Twitter HQ Wednesday holding an unexpected accessory and Meta employees are bracing for layoffs as metaverse spending soars. Social media is dividing us — just not in the way you'd think. The like-minded bubbles we live in on social media are the reason we're so divided, right? Maybe not, according to new research, which found that social media exposes us to people and ideas we wouldn't otherwise encounter, which leads to polarization. Company insiders say Netflix made some avoidable missteps with its kids shows and that an upcoming adult animated show has been canceled.

☆ Why teens are giving up their smartphones and joining the 'Luddite Club'
▼ + stars: | 2022-10-24 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +5 min

They're giving up social media and relying on face-to-face conversations in an effort to free themselves from the attention-hogging tyranny of smartphones. Download Insider's app here. Shub is now part of the Luddite Club, a group of New York City teens who meet at their local library. Decade-old Tesla Roadsters are selling for over $100,000. Why Tesla Roadsters are becoming hot collectibles.

☆ Why the 'Amazonification' of startups isn't always a good thing
▼ + stars: | 2022-10-19 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Plus, we've got news on actual robots, who are threatening to pit humans against machines. That's not always a good thing. Companies love to hire Amazon alumni who inject their firms with Jeff Bezos' metrics-focused style. Amazon-trained leaders (sometimes known as "Jeff Bots") have founded more than 650 startups, and swaths have joined the industry's top C-suites, contributing to the "Amazonification" of said firms. Now, humans need to determine how to synchronize our labor with the souls of new machines — before things get out of hand.

☆ Insiders say Elemy often couldn't deliver on its promise to provide quick access to autism care
▼ + stars: | 2022-10-16 | by ( Jordan Parker Erb | Spriha Srivastava | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: Senior healthcare reporter Shelby Livingston is giving us a behind-the-scenes look at her reporting on Elemy, a startup that insiders say often failed to provide the quick access to autism care that it had promised. This week, I reported how SoftBank-backed Elemy aimed to transform autism care — but insiders say the $1.15 billion startup overpromised on its capacity to treat kids. More than 20 former and current employees spoke with me for this story. After an initial assessment, Elemy told them they'd be in therapy in no more than eight weeks. Here's what Compass insiders told us.

☆ How a ghostwriter makes $200,000 a year crafting tweets for superstar VCs
▼ + stars: | 2022-10-12 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

We spoke with one tech founder who moonlights as a ghostwriter for prominent VCs, and rakes in hundreds of thousands of dollars — sometimes for a single thread. Below, we've got an inside look at the lives of Twitter ghosts, a job that, in one ghostwriter's case, is "60% shitposting." Top VCs are paying ghostwriters big bucks to craft tweets for them. This person — a founder of a tech startup — started ghostwriting as a side hustle, taking five hours out of his week to come up with original tweets. VCs, on their hunt for the next superstar startups, must establish themselves on Twitter, and write the kind of content that will get the attention of young founders.

☆ Meet the brightest investors and dealmakers under 35 from firms like Blackstone and Bridgewater navigating today's choppy markets.
▼ + stars: | 2022-09-29 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

After months of interviews and countless rounds of fact checking, meet 25 best-in-class investors, traders, and dealmakers under the age of 35, from firms like JPMorgan, BlackRock, and Apollo, among others. Here is the latest crop of rising stars — Wall Streeters under the age of 35 who are pushing their teams to the top. The end result celebrates people from all walks of life who are infusing new ideas at the biggest firms. He works across the firm's funds TPG Capital and TPG Growth, and also covers TPG's impact-oriented initiative called The Rise Fund. HBCUvc's operating chief reviews hundreds of applications for the program that offers paid internships at VC firms.

☆ The era of the Big Tech moonshot is over
▼ + stars: | 2022-09-29 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Each of these ideas is a "moonshot," or a radical, potentially world-changing project that Big Tech companies have worked on in recent years. Is the era of Big Tech moonshots over? For years, companies like Amazon, Google, and Facebook dumped money and energy into radical, potentially world-changing projects. But recently, Big Tech firms have been scaling back their ambitions — and have instead turned to a Wall Street-appeasing pragmatism. It comes after Amazon workers of all types have been pushing for higher pay for years.

☆ Walmart's secretive fintech ONE is the new disruptor in consumer banking, and the retailer has nabbed talent from Wall Street mainstays like Goldman Sachs.
▼ + stars: | 2022-09-20 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

In January last year, the retailer said it was pursuing a partnership with venture-capital firm Ribbit Capital, which backed Robinhood. The next month, Walmart lured Omer Ismail and David Stark, two executives from Goldman Sachs' Marcus, over to work on a fintech initiative. Insider's Ann Gehan, Carter Johnson, and Ben Tobin have identified the key people shaping this effort at its fintech called ONE. Done deals :Acrisure, a fintech company that operates an insurance broker and real-estate services company, has acquired B2Z Insurance. Aditxt, a biotech company developing tech around monitoring the immune system, raised $20 million after selling 3.33 million shares on Nasdaq.

Hi, I'm Matt Turner, the editor in chief of business at Insider. (If that term is new to you, it's "a state, society, or group governed by old people.") A new four-month investigation from our politics team looks at the disastrous effect it's having on American democracy. But our government has never been older than it is today. Rebecca Zisser/InsiderWith warm temperatures and low living costs, Florida has been a haven for retirees for decades.

☆ The night the Lord of the Skies got away
▼ + stars: | 2022-07-22 | by ( Noah Hurowitz | ) www.businessinsider.com time to read: +38 min

It was May 1985, and Ramirez had only been with the Border Patrol for two and a half years. But he also knew that at the end of that road, just before the international port of entry, was a Border Patrol station. The Lord of the SkiesWithin a decade of that traffic stop, Amado would be the most significant drug trafficker in Mexico. It's the border," Ford told me recently when I reached him by phone. Ford and Amado didn't make a deal that night, but Ford said they agreed to "something tentative."

Welcome to Personal Finance Insider, a biweekly newsletter that connects you with the stories, strategies, and tips you need to be better with money. Rachel Mendelson/InsiderHere's what: We built you a road map to the perfect homeDreaming of homeownership? Last week, Personal Finance Insider published a comprehensive guide to nabbing your first home. Start by taking our quiz to see if you're really in a financial position to buy a house. You can check out the whole series right here.

The new Upgrade Bitcoin Rewards Card earns 1.5% back in bitcoin and comes with Visa Signature benefits. There is no waitlist for the Upgrade Bitcoin Rewards Card — anyone can apply today. Upgrade launched a new version of the Upgrade Card today that allows cardholders to earn bitcoin rewards on every purchase they make. And when compared with the traditional credit card rewards landscape, it does feel like a strict limitation around using rewards. The company's other credit cards are designed differently from average credit cards.

☆ The Chase Ink Business Unlimited and Ink Business Cash are both great cards with no annual fee — the better option for you depends on your spending
▼ + stars: | 2020-11-16 | by ( Eric Rosen | Joseph Hostetler | Read More | ) www.businessinsider.com time to read: +22 min

The Ink Business Cash® Credit Card and the Ink Business Unlimited® Credit Card are both great small-business credit cards from Chase, with no annual fee and identical welcome offers. Chase; Rachel Mendelson/InsiderThe Ink Business Cash® Credit Card and the Ink Business Unlimited® Credit Card are both great small-business credit cards from Chase, with no annual fee and identical welcome offers. Chase offers a trio of great credit cards for small businesses: the Ink Business Preferred® Credit Card, Ink Business Cash® Credit Card, and the Ink Business Unlimited® Credit Card. As for the Ink Business Cash® Credit Card and Ink Business Unlimited® Credit Card (which earn cash back in the form of Chase Ultimate Rewards points), their benefits are quite similar. The difference between the Ink Business Cash and Ink Business UnlimitedThe major way these two cards diverge is in their earning structures.

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