Netflix replaces top ad exec after one year in surprise shakeup, putting a company insider in charge of the growing business
Netflix has replaced its top advertising executive, Jeremi Gorman, after just a year. Her replacement, Netflix exec Amy Reinhard, lacks advertising experience but has the C-suite’s trust. Insiders said Gorman faced resistance at a company that has long been opposed to advertising. Jeremi Gorman, Netflix’s top advertising executive, was replaced after only a year in…
SoftBank-backed gifting startup Sendoso just completed its fourth round of layoffs in the last 16 months
SoftBank-backed startup Sendoso conducted another round of layoffs on Tuesday. The startup has laid off hundreds of workers over four rounds of cuts in the last 16 months. Amid a difficult funding environment, startups are cutting staff — sometimes in multiple rounds. Sendoso, a SoftBank-backed gifting startup, laid off an unspecified number of employees in…
Microsoft-owned LinkedIn is telling some workers to return to the office multiple days a week, leaked memo shows
LinkedIn’s COO is telling some workers to come in multiple days each week, according to a memo. LinkedIn was previously flexible as to how often hybrid workers came to the office. LinkedIn owner Microsoft has so far been more flexible with its workforce than peers like Amazon. According to an internal memo obtained by Insider,…
MrBeast called out TikTok for allowing a deepfake version of him hawking $2 iPhones to run wild on the app: ‘This is a serious problem’
TikTok ran an ad featuring a deepfake of MrBeast offering iPhone 15 Pros for $2. As AI tech becomes more accessible, it will bring a slew of new challenges for ad-based platforms. “Are social media platforms ready to handle the rise of AI deepfakes?” MrBeast asked in a post. TikTok ran an advertisement featuring an…
Brands endorsed by Travis Kelce, like Pfizer and Campbell’s Soup, are also benefitting from Taylor Swift’s halo
Brands like Campbell’s Soup and Pfizer have seen more engagement from ads with NFL star Travis Kelce. Kelce’s popularity has soared from his rumored relationship with pop star Taylor Swift. Swift has also helped boost ratings for NFL games. Brands that support Kansas City Chiefs player Travis Kelce, such as Pfizer and Campbell’s Soup, are…
Morgan Stanley says these 23 top dividend stocks offer a combination of growth and stability for investors desperate for returns after a market pullback
New research from Morgan Stanley shows that dividend-paying stocks outperform non-dividend stocks. CIO Mike Wilson said dividend stocks can also provide stability during a market pullback. Morgan Stanley’s top 23 dividend stock picks have stable, steadily growing dividend yields. Finding stocks that consistently outperform the market is something of a holy grail for investors —…
Here’s an exclusive look at the pitch deck two former VCs used to raise $4.7 million in funding for their startup The Grand, whose coaching service is used by Googlers, founders, and NBA players alike
The Grand, a startup providing career coaching as a service, has raised $4.7 million in new funding. Employers can offer group sessions to certain teams or roles at their companies. The Grand recently signed a contract with the NBA to work with players pursuing new opportunities. The Grand, a four-year-old startup that provides career coaching…
The healthcare venture firm behind Livongo just raised $217 million to back the next generation of digital-health giants
The prominent healthcare VC 7wireVentures just closed a $217 million fund, its largest ever. The cash will be used to back about 10 to 12 later-stage startups, a new strategy for 7wire. Despite big returns, 7wire has kept the operation small so it can get deeply involved in startups. 7wireVentures, a well-known venture capital firm,…
Amazon sees its new AI search engine, codenamed Project Nile, helping to increase sales from mobile users
Amazon is planning to roll out a new AI-infused search experience. The new search engine will launch on mobile first. Amazon gets most searches from mobile, but the conversion rate is much lower than its website. Amazon is working on a new secret project called Project Nile that will overhaul its search engine to include…
