‘No one is going to miss you’: How an AC Transit bus, a Baby Yoda doll, and a woman with ‘great hearing’ led to arrests in brutal homicide
Trial set for mid-September CASTRO VALLEY, CALIFORNIA — Even before detectives elicited a confession from a man who boasted about strangling Benjamin Hemmann “like you would any (expletive) dog,” Hemmann’s suffering was obvious. Hemmann, a 37-year-old man who lived with his father in San Leandro, was discovered dead near the 2.95 mile marker on Redwood…
5 real-estate investors explain how they created cash flow by leveraging other people’s properties through a strategy called ‘rental arbitrage’
Rental arbitrage is a strategy in which you rent a property and sublet it on platforms like Airbnb. The goal is to make enough rental income to not only cover rent, but pocket extra cash each month. Insider spoke with five investors who’ve created cash flow by leveraging other people’s properties. As experienced real-estate investors…
As the IPO market comes back to life, Navan (formerly TripActions) is targeting an April 2024 listing
Navan, an online travel management startup, has been one of the most hotly anticipated tech IPOs. The company is now targeting a late April 2024 IPO, Insider has learned. “When we have news to share on this, we will,” said a Navan spokeswoman. According to a person with direct knowledge of the matter who is…
Shopify lost $437 million when it sold its robotics division 6 River Systems, financial documents show
Ocado paid just $12.7 million to buy 6 River Systems from Shopify. Shopify paid $450 million for 6 River Systems in 2019. The 6 River Systems sale was part of a major pivot away from logistics by Shopify. According to Ocado’s mid-year financial report released on July 18, the UK grocery giant Ocado paid only…
Netflix nabs another top Snap exec to build its advertising business
Netflix has drafted another top Snap alum to help build the streamer’s new ads tier. David Roter joined from Snap, where he worked with now-Netflix ad leaders Jeremi Gorman and Peter Naylor. Netflix has been recruiting staff and cutting prices to get advertisers on board. Netflix has hired another top Snap alum to help build…
TikTok is steamrolling past Instagram in user attention time, but is still far behind on ad dollars
TikTok has surpassed Instagram in daily minutes spent on the app — by 2025, it could pass Facebook. Insider Intelligence published a report breaking down time spent by US adults on social media. Here are 3 takeaways from the report, including how ad spend on Instagram still trumps TikTok. According to a new report released…
In leaked recording, Amazon CEO Andy Jassy wouldn’t share data for his controversial RTO mandate. Said it was a ‘judgement’ call, like launching AWS.
Amazon CEO Andy Jassy said the return-to-office mandate was a “judgment” call. He compared it to prior decisions not fully driven by data but wildly successful, like launching AWS. Jassy said he spoke to roughly 80 CEOs of other companies about remote work. During an internal fireside chat last week, Amazon CEO Andy Jassy was pressed…
A co-investment chief at billionaire investor Mario Gabelli’s firm shares 3 stocks with strong pricing power he’s betting on as inflation remains sticky — including one that could surge 53%
A tight labor market threatens to keep inflation elevated, which could mean high rates for longer. In such an environment, pricing power is crucial to a firm’s success, says Kevin Dreyer. The Gabelli Funds co-CIO is bullish on stocks like Diageo and BellRing Brands. According to Kevin Dreyer, co-chief investment officer for value investing at…
Triller has pitched its app as a TikTok replacement, but says it won’t try to generate revenue directly from its namesake product
Triller said it won’t try to generate revenue directly in the short-video app it was named after. The company has regularly positioned its app as an alternative to TikTok over the years. It revealed the business “refocus” in an S-1 filing as it pursues a public listing. Triller has decided not to make money directly…
