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Business Insider › Finance › 1 week ago
Buzzy UK finance startup Curve broke records when it raised £6 million ($7.7 million) through crowdfunding in September — but faced criticism from investors for its 'lack of transparency' about revenue, active users, and other financial information...
Business Insider › Finance › 1 week ago
Michael Bloomberg is officially running for president in 2020. He has previously said he'd either sell the company or put it in a blind trust if he ran. Bloomberg delivered $10 billion in revenue in 2018, making any potential sale a sizeable...
Business Insider › Technology › 1 week ago
VMware CEO Pat Gelsinger said he's monitoring the legal appeals related to the Pentagon's JEDI deal. But he said the $10 billion cloud project is just one of many government opportunities for the tech giant. Microsoft won the Defense Department...
Business Insider › Finance › 1 week ago
In addition to cutting 2,400 jobs last week, WeWork is also moving roughly 1,000 people on its janitorial and facilities staff off its payrolls by sending them to contract companies. Business Insider has learned the details of the job offers that...
Business Insider › Finance › 1 week ago
Goldman Sachs has assembled a team of four senior bankers devoted exclusively to building relationships with middle-market private equity firms, a first for the investment banking giant that pits it head-to-head with boutique firms that cater to those...
Business Insider › Finance › 1 week ago
Financial advisers say robo advice is the most "over-hyped" technology in their industry, a survey found. That comes as low-cost robo and hybrid advice platforms have been growing assets in recent years. Meanwhile, advisers view customer-relationship...
Business Insider › Politics › 1 week ago
Bloomberg LP, the financial-data firm that presidential candidate Michael Bloomberg founded in 1981, has repeatedly been described as a sexualized, predatory environment in harassment and discrimination complaints from several women, a Business Insider...
Business Insider › Finance › 1 week ago
Housing affordability is plummeting and the high cost of real-estate can make new middle-income development financially untenable. At Nuveen's Real Estate Roundtable 2020 event last week, James Martha, managing director and head of housing sector in...
Business Insider › Technology › 1 week ago
Microsoft is building a new team intended to train users at any technical level on its Azure cloud computing platform. Microsoft recently posted a job for an Azure technical trainer manager to join the team of trainers who can "communicate highly...
Business Insider › Finance › 1 week ago
Private equity giants have been expanding their rosters by hiring more operating partners to help manage portfolio companies. Some say that the hires, including former CEOs and execs from across industries, point to a power shift taking place in...
Business Insider › Lifestyle › 1 week ago
Anyone can come up with award-winning, money-making business ideas. Business Insider tapped 10 entrepreneurs, founders, small business owners, and CEOs for their tips for imagining up the next big thing. Their advice includes solving a problem that...
Business Insider › Technology › 1 week ago
The smartphone industry has been in a rut over the last two years as consumers have held onto their mobile devices for longer periods of time. But next year could mark a turning point for the industry with the transition from 4G LTE to 5G high-speed...
Business Insider › 1 week ago
The Navy has an ambitious plan to modernize its four public shipyards, aging facilities tasked with helping the service sustain its aircraft carriers and submarines, but which are increasingly overwhelmed by new work and maintenance backlogs. In...
Business Insider › Finance › 1 week ago
Some of the hottest startups from 2010 are struggling to get by or have gone out of business altogether, according to Pitchbook data. Groupon, Theranos, and Better Place were three of the 7 startups that closed funding rounds in 2010 that helped them...
Business Insider › Automobile › 1 week ago
Nearly all of America's 1.8 million truck drivers are paid on a per-mile basis. But Amazon, which has its eyes on becoming a transportation giant, is bucking that trend, according to interviews with truck drivers and an internal document viewed by...
Business Insider › Technology › 1 week ago
Buzzy media darling TheSkimm is looking for an investor or buyer to accelerate its growth, people familiar with the talks told Business Insider. TheSkimm has raised $28.4 million and is on track to make $30 million in revenue this year, profitably, but...
Business Insider › Entertainment › 1 week ago
Michael Rapaport is best known for his acting and directing career, but he's been a podcast host for longer than most other celebrities. His podcast, "I Am Rapaport: Stereo Podcast," is admittedly offensive and presents an exaggerated version of his...
Business Insider › Technology › 1 week ago
Microsoft's big new partnership with Salesforce could give Teams, Microsoft's fast-growing chat app, an unexpected advantage, analysts say. Microsoft and Salesforce recently expanded their partnership: Salesforce will use Microsoft Azure to power its...
Business Insider › Lifestyle › 1 week ago
In September 2019, Food52 sold its majority stake to TCG Capital for $83 million. Valued at more than $100 million, the company plans on opening a brick-and-mortar store for their branded products in 2020, according to The Wall Street Journal. The...
Business Insider › Automobile › 1 week ago
Thanksgiving is one of the busiest travel weeks of the year. According to The Washington Post, the TSA is projecting that a record-high 27 million passengers will pass through US airports around the holiday. The mathematician Jordan Ellenberg described...
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