Hyper growth is out, and profitability is in for venture backed companies.
Author: insighter
President Joe Biden will speak about student protests over the war in Gaza on Thursday, according to a White House official, breaking days of silence as police crack down on campus encampments. The official declined to be identified ahead of Biden’s remarks. Republicans have tried to turn scenes of unrest into a campaign cudgel against Democrats. Tension at colleges and universities has been building for days as some demonstrators refuse to remove encampments and administrators turn to law enforcement to clear them by force, leading to clashes that have seized attention from politicians and the media. But Biden’s last public comment came more than a week…
Planning what to buy is essential for efficient and cost-effective trips to the grocery store. It’s smart to customize a list based on where you do your grocery shopping; you’ll find a different selection at a supermarket than at a wholesale club or neighborhood health food store. Stocking up on toilet paper, laundry detergent and pasta sauce might be better left for places like Costco. But what should you buy at your standard grocery store? Focus on basics like fruits, vegetables and dairy. What to buy when grocery shopping “Work with your family to establish some high-value staples that can…
Artists from Universal Music Group, which include Taylor Swift, Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long dispute. The two sides said Thursday that they are “now working expeditiously to return music by artists represented by Universal Music Group and songwriters represented by Universal Music Publishing Group to TikTok in due course.” UMG said in January that it had not agreed to terms of a new deal with TikTok, and planned to stop licensing content from the artists it represents on…
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its revenue.” McCarthy, a former Spotify and Netflix executive, will become a strategic advisor to Peloton through the end of the year while Karen Boone, the company’s chairperson, and director Chris Bruzzo will serve as interim co-CEOs. Jay Hoag, another Peloton director, has been named the new chairperson of the board. Peloton is seeking a permanent CEO. The company also announced a broad restructuring plan that…
For most entrepreneurs reaching billionaire status is a marker that you’ve made it. But not for Sir Richard Branson—in his eyes, it’s “very sad” when people use their net worth as a metric for how well they’re doing in life. In fact, the British entrepreneur insists he even finds it “insulting” when he is introduced as “the billionaire Richard Branson” rather than as the co-founder of multinational conglomerate Virgin Group, he told CNBC Make It. “Maybe in America, ‘billionaire’ is a sign of success, but that rankles me,” Branson, who has an estimated net worth of $2.6 billion, said. Instead…
A good business grows and changes over time. But when does change require a rebrand?
Taylor Swift attends the 66th GRAMMY Awards at Crypto.com Arena on February 04, 2024 in Los Angeles, California. Neilson Barnard | Getty Images Universal Music Group, the record label for top music artists including Taylor Swift, struck a new licensing agreement with TikTok, putting an end to a spat between the two companies. In a statement Thursday, UMG said the licensing deal would lead to the return of its artists’ music to TikTok. As of Thursday morning, several songs from Taylor Swift, including tracks from the pop star’s new album The Tortured Poets Department, were reinstated to the platform, CNBC…
With college becoming more expensive, how can parents afford to send a kid to school? More than a decade after completing college, 7% of Millennials still have more than $50,000 in student loan balances. Facing our reality of digging out of debt and knowing our friends’ horror stories, many millennials are motivated to help their kids get through college debt-free. While we can’t promise that you’ll be able to help your child avoid debt, we’ve got realistic tips to cover the cost of college from the day your child is born to after they graduate. How To Save For College…
Democrats secured enough votes in the Arizona Senate on Wednesday to repeal a Civil War-era ban on abortions that the state’s highest court recently allowed to take effect. Voting wasn’t complete but the Senate had the 16 votes it needed to advance the bill. Fourteen Democrats in the Senate were joined by two Republican votes in favor of repealing the bill, which narrowly cleared the Arizona House last week and is expected to be signed by Democratic Gov. Katie Hobbs. The near-total ban, which predates Arizona’s statehood, permits abortions only to save the patient’s life — and provides no exceptions…
Elon Musk’s latest cost-cutting victims: Summer interns. Tesla Inc. is rescinding offers just weeks before internships were set to start, prompting aspiring employees to take to LinkedIn to appeal to other employers to take them in. “At 8:46am, I opened a Tesla email for flight info. By 11:25am, my internship offer was gone,” wrote Miami University student Joshua Schreiber, who said his start date was three weeks away and that he had already spent “thousands on housing.” Schreiber, like many other would-be Tesla interns, are getting dangerously close to the end of the school year. They say the surprise calls from Tesla informing students…
BANGKOK, THAILAND – 2024/05/01: Satya Nadella, the executive chairman and CEO of Microsoft Corporation speaks during the “Microsoft Build: AI Day” event at the Queen Sirikit National Convention Center. Satya Nadella announced that Microsoft corporation plans to invest in its first data center, the Cloud First platform, in Thailand. (Photo by Peerapon Boonyakiat/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Microsoft chairman and CEO Satya Nadella on Wednesday announced “significant commitments” to build a new regional data center in Thailand, among other initiatives, as the U.S. tech giant doubles down on Southeast Asia. The firm said…