How a Guggenheim banker-turned-newsletter publisher is building the anti-Vice, profitably
Patrick Trousdale’s The Daily Upside newsletter for investors just hit 1 million subscribers. It’s an example of how a media company can be profitable in a jittery time for the industry. The ex-Guggenheim banker plans to launch more newsletters and paid content, as well as get into audio and video. Patrick Trousdale had the opportunity…
Ad verification company DoubleVerify to acquire AI firm Scibids in $125 million deal
Ad verification company DoubleVerify plans to acquire adtech firm Scibids for around $125 million. It intends to use Scibids’ AI expertise to help advertisers better target and optimize ad campaigns. Scibids clients include major ad holding companies and advertisers like Diageo and Dell. DoubleVerify, a publicly traded ad verification company, has agreed to buy Scibids,…
How Amazon harnessed its influencer network to create buzz and sell products around Prime Day
Amazon offered several incentives to motivate influencers to promote Prime Day this year. Leading up to the annual two-day event, influencers shared shopping guides and deals with followers. This Prime Day, Amazon influencers earned 21.6 times more on average per day than on other days in 2023. This year, it was nearly impossible to miss…
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…
