Young pro athletes are investing earlier in their careers. Here’s how a firm with more than 230 athlete clients advises them to grow their wealth.
Former investment banker Mark Patricof advises more than 230 high-profile athletes. Athletes have backed about half of the firm’s roughly $140 million in investments since 2018. He works with some of the youngest and highest-paid stars in sports, including Joe Burrow and Trae Young. Mark Patricof isn’t looking for hall-of-famers with deep pockets when he…
Big Tech used to pay engineers the most. Now, smaller companies like Brex and OpenAI offer top compensation.
Facebook, Netflix and Google for years have been among the highest-paying tech companies. Today, most engineers are likely to get a bigger compensation package at a smaller company. Netflix is the only member of FAANG to remain in the top seven for early career pay. Major technology firms are reserving large pay packages for the…
TikTok is building a data-sharing solution called ‘PrivacyGo’ as it looks to grab ad dollars
TikTok is building a solution that works like a data clean room called PrivacyGo. The tech is designed to smooth out advertiser-platform data sharing while guarding privacy. PrivacyGo may boost TikTok’s pitch to brands as regulations and privacy rules weaken ad targeting. A company spokesperson confirmed to Insider that TikTok is working on a new…
Google just ended a controversial system that warned employees they were at risk of being labeled low performers
Google has removed a controversial tool known as “support check-ins. “They were a way to warn employees who were at risk of being labeled as low performers. The decision to kill support check-ins has split opinion among staff. Insider has learned that Google has discontinued a practice that alerted employees when they were at risk…
Discord is laying off 4% of its staff as part of a ‘reorganization of some business units’
Discord has laid off 4% of its staff, a spokesperson confirmed to Insider. The August layoffs impacted Discord’s marketing team heavily, a source familiar with the matter said. The company is undergoing a reorganization of “some business units.” A company spokesperson confirmed to Insider that Discord laid off approximately 4% of its workforce on Thursday.…
Snapchat is paying augmented-reality developers for silly, viral lenses, opening up a new way for creators to earn beyond branded effects
Snapchat is launching a new fund for augmented-reality lens creators. The company will offer payments of up to $7,200 for lenses that drive engagement on the app. Traditionally, AR creators have leaned on branded effects to make money. For years, augmented-reality creators who create amusing Snapchat visual effects have relied on brand work to make…
Wall Street landlords are selling homes back to Main Street. Here’s what it might mean for runaway housing prices.
Institutional managers of single-family homes for rent usually sell houses to each other. New data obtained by Insider shows they are increasingly selling to regular people. It is a sign that the housing market is cooling, but don’t hold your breath for lower prices. For the past few years, a group of real estate investors…
‘It’s a little frightening’: Worldcoin surged 111% on its opening day. 2 experts explain why they would never scan their eyes in exchange for the crypto, and why they think the hype will fade.
Worldcoin, which uses proof of personhood, is surging in popularity. But Web3 expert Isaac Patka says it could exploit vulnerable populations. Geoffrey Arone fears that the ecosystem could be hacked or changed. Worldcoin (WLD) has made headlines for its attempt to build its own financial network. The cryptocurrency project, co-founded by OpenAI founder Sam Altman…
A top Amazon executive recently said he had ‘no data’ to support the company’s return-to-office mandate, prompting criticism from frustrated employees
Amazon is known for making decisions based on concrete data. SVP Mike Hopkins told staff he had “no data” to support the decision to return to the office. Some Amazon employees are upset about the company’s new RTO mandate. Amazon is known for using data to make decisions — except when it forces employees back…
