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…
Sports-betting insiders break down how ESPN’s huge gambling deal could reignite competition in the sector, and why they’re still cautious after a series of failed media tie-ups
ESPN is finally getting its own sportsbook through Penn Entertainment. Many view the deal as a “win-win” for ESPN, Penn, and its former partner Barstool Sports. Industry insiders say the deal could signal a potential ESPN spinoff, disrupt competition, and more. When Disney CEO Bob Iger took over as the owner of ESPN late last…
Inside Goldman Sachs’ coveted summer internship for aspiring investment bankers, where there’s no such thing as ‘busy work.’
Goldman Sachs’ summer internship program is harder to get into than Harvard. We spoke to a Goldman intern and partner about what the summer gig entails. They walked us through an average day, from the morning check-in to the financial modeling. India Stephenson did what many college students do to calm down before their first…
Mark Zuckerberg and Priscilla Chan’s charity organization is making a major change in strategy after laying off 48 people. Read the leaked emails.
The Chan Zuckerberg Initiative conducted layoffs this week, in a major blow to its education team. In an email, Priscilla Chan said the changes are part of a “refreshed strategy.” CZI is now moving away from education policy work and a program it developed. As part of its first-ever layoffs, Mark Zuckerberg and Priscilla Chan’s…
How a TikTok video turned into a 6-figure book contract for a first-time author
Katie Siegel is the author of newly published mystery novel, “Charlotte Illes Is Not a Detective. “Siegel didn’t originally envision the story as a novel, but as a video series for TikTok. An editor at Kensington Books saw her videos, and Siegel ended up with a six-figure book deal. Katie Siegel didn’t go on TikTok…
95-year-old man assaulted, carjacked in Oakland
OAKLAND, Calif. — Authorities said a 95-year-old man was pushed to the ground and carjacked Monday afternoon in the Dimond district. According to authorities, the man suffered abrasions to his head and other parts of his body and was taken to a hospital. There was no medical update on the man’s condition on Tuesday. The…
Bay Area team sees Little League World Series dream come to an end
The Almaden Lightning’s dream season came to an end on Tuesday in the Little League Softball World Series. Almaden was eliminated from the tournament after a 4-0 loss to an Ohio team. They were defeated 11-0 by the defending Texas champions in their first game on Sunday. The Lightning had just two hits in two…
Los Altos: The Good Salad, Bibo’s NY Pizza joining State Street Market
As part of the State Street Market 2.0 lineup, two South Bay restaurants — one a veteran, one a relative newcomer — are expanding to the Peninsula. The Good Salad, a popular takeout and catering salad concept that has landed on Yelp’s list of the Bay Area’s top 100 places to eat, is now open…
BART, East Bay parks police investigating separate homicides in Oakland
OAKLAND — BART police and East Bay Regional Park District police were still investigating separate homicides that occurred around the same time Tuesday afternoon in downtown and East Oakland on Wednesday, according to authorities. Both victims were assassinated by gunfire. BART police later reported that they had made an arrest in their case. According to…
