Leaked Zoom all-hands: CEO says employees must return to offices because they can’t be as innovative or get to know each other on Zoom
Earlier this month, Zoom told employees it would send some workers back to the office regularly. Zoom CEO Eric Yuan said remote work didn’t allow people to build as much trust or be as innovative. The comments are surprising given the role Zoom’s technology plays in remote work. According to a leaked meeting recording viewed…
Citadel is rebuilding a core tech platform to transform how the hedge fund uses data. 2 tech leaders take us inside the multi-year project.
Citadel is completely rebuilding a new platform for all of the hedge fund’s reference data. Reference data is used to identify different securities when making a trade. The platform is currently being rolled out and will let the fund move into new asset classes faster. Making changes to a core system on Wall Street is…
Media and entertainment companies are finding more investment from the Middle East, but it can come with controversy. Here are 11 of the most notable deals.
Saudi Arabia, Qatar, and UAE entities have been pouring money into Western media and entertainment. Middle East investment is filling a funding void as other sources have become scarcer. Insider broke down 11 top media companies with Middle Eastern backing or partnerships. Investment from the Middle East has poured into US media and entertainment, and…
Shopify plans to cut a key benefit for 16,000 of its highest-paying subscribers, leaked email shows
About 16,000 Shopify Plus merchants will lose access to the company’s merchant success managers. The changes will largely impact smaller merchants making less than $10 million in sales. Merchants success managers are a key perk of the Shopify Plus subscription. Shopify intends to notify approximately 16,000 of its Plus merchants that direct access to merchant…
Verizon just lost another senior marketing exec
Verizon senior vice president of consumer marketing Nina Bibby is set to leave the company. A spokesperson confirmed she was due to return to the UK with her family. Her impending departure comes months after that of former Verizon CMO Diego Scotti. Verizon, the world’s largest telecommunications company, is set to lose another senior marketer…
A millennial who bought a home in 2023 shares the challenges of buying in today’s market, including high rates. He explains why he has no regrets and could ‘swallow the 6.5% mortgage.’
Jesse Cramer bought his first house in 2018. In 2023, he sold it and bought a new primary home. The buying process looked a lot different this year than it did in 2018. Interest rates, for one, are much higher. Plus, sellers have more leverage and can demand things like a rent-back agreement. In 2018,…
Infillion emerges as buyer for bankrupt adtech company MediaMath
Adtech company Infillion is set to acquire the assets of bankrupt adtech firm MediaMath. Infillion was the highest bidder in the bankruptcy auction, bidding around $22 million, sources said A hearing to approve the sale is set to take place on Wednesday, August 23. According to court filings, the US-based adtech firm Infillion has emerged…
Carbon accounting was red hot in 2021. Now it’s facing widespread consolidation, investors say.
Carbon accounting startups peaked in 2021, raising over $5 billion from investors. The once red-hot sector is made up of companies helping others measure and reduce their carbon footprint. Now, the sector is facing widespread consolidation in the face of a funding slowdown. Niklas Kaskeala and Antero Vartia spent the eve of Finland’s national holiday…
New York’s largest health system is pushing into generative AI with help from a former Amazon exec and a $100 million venture partnership
Northwell Health, New York’s largest health system, is making a big investment in generative AI. It’s working through an AI partnership with Aegis Ventures to make new products for providers. They’re focusing on how the new AI models can cut down on burdensome paperwork. New York’s largest health system is increasing its investment in generative…
