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Business Insider

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Logo of telegram channel businessinsider — Business Insider
Channel address: @businessinsider
Categories: Business
Language: English
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What you want to know about business. Follow us on Facebook, Instagram and YouTube. Visit our homepage for the top stories of the day: https://www.businessinsider.com

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The latest Messages 16

2022-11-24 00:02:11
Insiders detail how Wall Street is preparing for a post-FTX world, from heightened scrutiny on crypto deals to rethinking hiring plans

How radio DJs are using TikTok to find new listeners as the app takes over music discovery

Mortgage rates have dropped and home sales are down by almost 30% from last year. One of the richest women in real estate explains why it's still a good time to be in the market.

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1.9K viewsedited  21:02
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2022-11-23 19:58:31
Twitter's trust and safety team carried out a one-day sickout on November 10 in protest at Elon Musk's approach to safety on the platform, the Washington Post reported.

Judges have proposed that Theranos CEO Elizabeth Holmes should serve her 11-year sentence in a 'minimum-security' Texas prison camp.

According to a Rolling Stones report, Kanye West showed Yeezy staff an explicit video of Kim Kardashian and played his own sex tapes for them.

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2.3K views16:58
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2022-11-23 03:56:59
A three-judge 11th Circuit panel, which included a George W. Bush appointee, sympathized with the Justice Department's arguments and suggested Trump "intermingled" classified documents with personal items.

Michelle Bond, a failed far-right Republican congressional candidate and prominent cryptocurrency advocate, received at least $400,000 in consulting fees from FTX Digital Markets — the Bahamas-based FTX entity where her boyfriend Ryan Salame is co-CEO.

Naomi Biden and Peter Neal's White House wedding was closed to the news media, frustrating reporters whose complaints grew louder when Vogue's exclusive pre-wedding coverage was posted online.

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2.1K views00:56
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2022-11-22 05:00:25
Amazon's mounting losses and massive job cuts underscore a failure in the hardware business model the company once pioneered. Insider spoke with over a dozen current and former employees on the company's hardware team to get a better picture of its current condition.

Amazon began the largest corporate layoffs in its history this week. The cuts will extend into 2023. Employees in the devices and HR divisions were first to be cut, including many working on Alexa. This is an insider's look into Amazon's week of turmoil.

The only thing Elon Musk understands about Twitter is how to kill it. Musk declared that Twitter is a "collective cybernetic super-intelligence," which reveals how little he understands about his new plaything.

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1.0K views02:00
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2022-11-21 20:30:33
Pepsi launched a "points" promotion in 1996 that included a "joke" prize of a $23M fighter jet. College student John Leonard took this challenge seriously, and launched a plan to nab the prize. A new Netflix documentary "Pepsi, Where's My Jet?" recounts Leonard's attempt to claim the jet.

Paige, a Swiftie of 15 years, was not enchanted by the way ticket sales went down for the Eras tour. The 31-year-old eventually snagged tickets on the resale market for $5,500 but now regrets it. Swifties across the country have been disappointed by high-priced resale tickets and ticket scarcity.

New York cannabis farms are unsure of what to do with a combined 300,000 pounds of weed — valued at $750 million — without open dispensaries to sell the pot. Applicants for legal cannabis retail stores are still waiting to hear back from the state's Cannabis Control Board.

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362 views17:30
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2022-11-18 22:03:03
Elon Musk emailed Twitter staff this week saying they must commit to his 'hardcore' vision for the company. Failing to do so by 5 p.m. ET on Thursday meant they'd receive three months' severance, he said. Twitter was forced to clarify to staff that Musk's email wasn't a phishing attempt, per The WSJ.

The tech sector has laid off 120,000 workers in 2022, including huge layoffs at Meta and Amazon. As tech companies' stock has slumped, Wall Street now has leverage over companies. Investors are calling for more cuts, saying firms could make the same amount with far fewer people.

Kristine Valenzuela was recently hired as an executive assistant to Atlassian's head of engineering. She said on a recent podcast that she'd had to prove her leadership skills throughout her career. She said she achieved this by approaching people to help and sharing her knowledge of the business.

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2.3K views19:03
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2022-11-18 00:00:10
Companies like Compass, Opendoor, and Redfin are reporting losses and cutting thousands of jobs. The proptech sector is battling two challenges at once: a slowing housing market and a tech bust. Many major firms and startups are facing their first downturns, and the culling could be brutal.

Layoffs are sweeping tech, leaving thousands of people at the likes of Twitter and Meta out of work. If you've lost a job, here's how to attract recruiters who can place you in roles you want.

Googlers are creating and sharing memes to express their anxiety about industry layoffs. Sources say they have not heard of planned layoffs at Google, but many employees are still nervous.

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3.4K views21:00
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2022-11-17 19:32:17
Elon Musk runs 3 companies — and his executive juggling act is the perfect example of how the modern CEO job is broken.

Workers say they were lied to about being able to work in their local time zone, and have missed out on promotions because of time-zone bias.

Russia's GDP fell 4% on-year in the third quarter of 2022 — its second straight quarterly decline. That means the country has fallen into a technical recession. Top Russian central banker Elvira Nabiullina acknowledged the situation could worsen, per Interfax.

Every year, @Insider surfaces 100 leaders across 10 industries who are driving unprecedented change and innovation. Click here to check out profiles of the T100, as well as analyses of the key trends that drove this year’s selection.

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898 views16:32
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2022-11-17 00:01:31
5 former Amazon managers tell us what they loved about the company — and what they were glad to leave behind

Amazon's retail business is scrounging for spare change ahead of a tough holiday sales season by asking sellers for lump sums of cash and limiting inventory

A day in the life of a 20-year-old Gen Z venture capitalist in London's bustling startup scene

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2.9K views21:01
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2022-11-16 18:38:56
Poland says missile strike near Ukraine border was likely an accident caused by misfiring Ukrainian air defense

After Elon Musk fired Twitter staff for criticizing him, some remaining employees are hurriedly deleting Slack messages they fear he won't like

Authorities in the US and Bahamas are in talks to possibly bring Sam Bankman-Fried to the US for questioning, according to Bloomberg. Law enforcement officials in the two countries have been in ongoing communication as details about FTX's implosion continue to surface, the report said.

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3.3K views15:38
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