CEO of eBay lays out his master plan to fend off new rivals like TikTok and Shein with AI and live-shopping features
Jamie Iannone, eBay’s CEO, spoke with Insider about the next phase in the e-commerce giant’s evolution. It involves leaning heavily into new technology like artificial intelligence and live commerce. Iannone said eBay’s size would empower it against emerging competitors such as TikTok and Shein. eBay CEO Jamie Iannone has revealed the next step in the…
How to buy a rental property with no money down: A real-estate investor with a 26-unit portfolio shares 2 strategies for new investors — and 7 other tips for getting started
Camille Spinelli has used multiple strategies to acquire properties. She shared two that involve no money down: using hard money loans and credit cards. There are other cheap ways to buy properties, like getting an FHA loan, she said. Camille Spinelli made the decision to pursue financial independence through real estate investing in 2018. She…
Leaked guidelines reveal more details about Amazon’s controversial ‘voluntary resignation’ program for remote workers
Amazon shared an internal guideline for some managers to use when discussing the new RTO policy. Amazon is forcing employees to relocate to central “hub” offices. Those who refuse to relocate can be considered a “voluntary resignation” under the new policy. Amazon recently implemented a “return-to-hub” policy, which requires employees to work from centrally assigned…
How Sam Altman’s $850 million SPAC could help turn nuclear power into a mainstream energy source
OpenAI’s Sam Altman is taking nuclear startup Oklo public through a SPAC expected to close in 2024. Altman insists nuclear is crucial to meeting the intense energy needs AI will demand. The Oklo SPAC deal will mark a watershed moment for the energy source, industry experts told Insider. According to industry experts, the public debut…
Inheritance for your dog: How the rich put millions into trusts with very specific purposes, from taking care of pets to cryogenically freezing their bodies
The rich can use trusts to devote millions to pets, art collections, and even cryogenic freezing. Sometimes they leave would-be heirs high and dry – and it’s perfectly legal. Lawyers to the uber-rich told Insider how purpose trusts work and how to plan for centuries ahead. Pets can become four-legged members of the family for…
Since David Solomon became Goldman Sachs CEO, more than 85 partners have left. See the running list here.
David Solomon has been Goldman Sachs’ CEO since 2018, succeeding Lloyd Blankfein. He’s made big changes to Goldman and its leadership, and a number of senior execs have left. Julian Salisbury, CIO of asset & wealth management, is heading to Sixth Street. Julian Salisbury is leaving the bank after 25 years, becoming the latest in…
Amazon sellers and experts weigh in on how to pick a good product to sell online: ‘Sticking to durable goods is the way to go’
If you’re thinking about starting an e-commerce business, you need to first pick a product to sell. Successful Amazon sellers weighed in on what makes a good product. They recommend starting with small, lightweight products to save on shipping costs. Anyone can create an Amazon seller profile and begin listing products. But what exactly should…
Julian Salisbury was once considered a contender for Goldman Sachs CEO. Read David Solomon’s memo on his departure.
Julian Salisbury, once considered a CEO contender, is leaving Goldman after 25 years. He was CIO of the bank’s all-important asset and wealth management division. He will not be replaced, a bank spokesperson said. He was once considered a candidate for CEO. Julian Salisbury is leaving Goldman Sachs after 25 years as CIO, and his…
Microsoft’s venture capital arm, M12, has been offloading its portfolio on secondary exchanges at discounts, sources say
M12, Microsoft’s venture firm, is offloading some of its portfolio on secondary exchanges, sources say. The fund’s shares in startups are taking haircuts of between 30% and 70%, three people said. M12 recently changed its strategy to become less like a VC and more like a business development team. M12, Microsoft’s corporate venture capital fund, has been…
