Mark Zuckerberg’s ‘Year of Efficiency’ spreads from Meta to Priscilla Chan’s charitable organization, which just laid off dozens of people
The Chan Zuckerberg Initiative is a charitable vehicle for the wealthy couple. CZI just conducted its first layoff, not long after Meta laid off thousands of workers. One worker referred to the cuts as a “bloodbath.” This week, the charitable foundation of Meta CEO Mark Zuckerberg and his wife Priscilla Chan laid off its first…
Meta is rehiring some of the thousands of workers it laid off
Meta cut 25% of its workforce in a series of layoffs since November. As the company’s business performance improves, hiring is starting to pick up again. Many people let go by Meta are being rehired, although it might be for less pay than before. Many people who have been laid off by Meta in recent…
30 of the most undervalued, high-quality stocks to buy, according to a fintech firm that uses a quant strategy to filter for cash-generating companies
Wilton Risenhoover wanted to find a system that did not require high-frequency trading. He came up with a quantitative system that filters for growing and cash-generating companies. These 30 stocks are considered the most undervalued bets based on Risenhoover’s methodology. If you’re looking for a quick trade, charts and scanners can help you find it.…
These 16 cities offer the cheapest first year of homeownership in the US when considering down payments, taxes, and closing costs, according to Point2
It’s still incredibly costly to buy a home in the US. But according to Point2, 16 cities including Detroit offer first-year homeownership costs under $80K. First-year costs include down payments, mortgage payments, taxes, insurance, and closing costs. Homes remain extremely unaffordable for buyers on a national scale. Homes are nearing some of their most unaffordable…
LexisNexis tries to keep the AI bots from plundering its valuable legal data
The generative AI boom has sparked a race to collect data for model training. That’s put pressure on companies with high-quality, proprietary information. Relx, the owner of LexisNexis, recently warned customers about sharing its legal data with AI bots. The generative AI boom has sparked a rush for high-quality data to train large language models…
How $7.75 billion Hopin went from pandemic darling to selling off its flagship business for $50 million and handing back some investor cash
Virtual-events startup Hopin was a pandemic winner when it hit a $7.8 billion valuation in 2021. Now its CEO is stepping down, it’s selling off parts of its business, and is set to hand back investor cash. Ex-staff and backers say the firm was flooded with cash and did too much too quickly. Johnny Boufarhat,…
Amazon employees are outraged by a new warning about individual office attendance: ‘Is this supposed to scare people?’
Some Amazon staff got an email warning them about their office-attendance records. Some employees say they got the email in error and that they are complying with Amazon’s RTO policy. It’s the latest controversy in Amazon’s effort to bring employees back to the office. An email blunder concerning Amazon’s return-to-work policy has sparked further debate…
Bridgewater’s tech chief is leaving the hedge fund giant for Microsoft to focus on the ‘relentless tide of cyber threats’
Bridgewater president and CTO, Igor Tsyganskiy, has left the hedge fund. He is joining Microsoft as the firm’s chief strategy officer of security. He told Insider he’s making the move to help combat cybersecurity on a broader scale. Bridgewater’s top technology executive has left the company. Insider has learned that Igor Tsyganskiy, the world’s largest…
How a private-equity firm is tapping influencers for its portfolio of brands, from co-investment to research
Sponsorships aren’t the only way influencers can make money working with brands. The Newcastle Network, a private-equity firm, is tapping creators as investors for DTC brands. Here’s a breakdown of Newcastle’s strategy for bringing on influencers. It was only a matter of time before creators got involved, with trillions of dollars moving around in private…
