Business


 

Europe's tech unicorns follow Silicon Valley's lead on flexible working post-pandemic: in with long-term remote working, out with high-density open plan offices

Europe's fastest-growing tech companies like Revolut and Babylon Health are permanently shifting towards more flexible remote working policies. London-headquartered neo-bank Revolut says 70% of its employees don't want to go back to working the same way they were pre-pandemic. Startup accelerator Founders Factory says that productivity has increased with remote working.  But, European venture capital firms Connect Ventures and Beringea found that 45% of the companies they had invested in thoug...
Tags: Google, Twitter, Europe, London, US, Trends, Silicon Valley, Smith, Fintech, Connect Ventures, Revolut, Business Insider, Rose, Babylon Health, Babylon, Anthony Rose


How COVID-19 will change the way we design our homes

COVID-19 is confounding planning for basic human needs, including shelter. Around the world, home builders are vigilantly reading tea leaves in the fog, trying to figure out how to survive (and even thrive in) an unfolding economic disaster. And we mourn the fallen, working to keep our loved ones healthy and safe.COVID-19 has drawn a political dividing line in much of the world. It reminds me of something an American revolutionary, Samuel Johnson, said in 1775: "Patriotism is the last refuge of ...
Tags: Work, Europe, Design, Washington Post, China, America, Architecture, Canada, Work-life balance, House, Innovation, University Of Chicago, Epidemiology, Zika, World Economic Forum, U S Supreme Court


What I’ve Been Reading (August 2020)

Lots of books. 1. Say Nothing: A True Story of Murder and Memory in Northern Ireland by Patrick Keefe I was expecting a true crime story, and it is, but it’s much more. It’s a rather in depth exploration of the history of the Troubles in Northern Ireland, where 4,000 people died amidst the violence between the Catholics who wanted to unify Northern Ireland and the Republic of Ireland battling against the Protestants and British allies who sought to remain within the United Kingdom. It’s a tremen...
Tags: Apple, Books, London, Singapore, Sales, San Francisco, Cisco, Ireland, United Kingdom, Republic Of Ireland, Northern Ireland, Ibm, Ben Horowitz, Andreessen Horowitz, Vmware, Madoff


Real-estate developers are building costly cold storage space before they even have tenants lined up. They're betting the risky move could be a winning investment as grocery deliveries surge.

The country's once obscure cold-storage property sector is beginning to garner attention from investors who see big demand for temperature-controlled spaces.  The coronavirus pandemic prompted millions of Americans to shop for groceries online, creating demand for a new category of cold warehouses close to population centers. Developers are building cold storage spaces on speculation, a leap of faith many have been wary to take in the past given the high costs of developing the projects.  To d...
Tags: Amazon, New York, Trends, Chicago, New Jersey, Dallas, Miami, Philadelphia, Savills, Fort Worth, Cbre, Signal, Business Insider, Irvine, Ware Malcomb, Delaware River


An Instagram influencer with 176,000 followers explains how much money she makes for a sponsored post and per story slide

Many social-media influencers earn money online by promoting products to their followers on Instagram. Katy Bellotte, a YouTube creator and Instagram influencer, broke down how much she earns per sponsored Instagram post.  Bellotte said rates varied based on what the brand is looking for and that, on average, she earns between $2,400 and $5,000 for a sponsored Instagram post.  Subscribe to Business Insider's influencer newsletter: Influencer Dashboard. Katy Bellotte began her influencer caree...
Tags: Instagram, Youtube, Trends, Instagram Story, Katy Bellotte, Matter Media Group, Bellotte, YouTube Bellotte


Self-driving power-player salaries revealed: How much Waymo, Cruise, and Zoox employees make, from engineers to managers

Many employees at the top self-driving companies make six-figure salaries, according to data the companies have disclosed to the US government. Business Insider analyzed 2020 data from Argo AI, Aurora Innovation, Cruise, Waymo, and Zoox. The positions included in this story have salaries ranging from $115,040 to $234,000. Visit Business Insider's homepage for more stories. Building a self-driving car is an enormously difficult task that requires gifted engineers who are willing to spend years...
Tags: Amazon, Uber, India, US, San Francisco, Trends, General Motors, Cruise, Ford, Arizona, Volkswagen, Argo, Aurora, Waymo, Zoox, Tesla Waymo


Chinese Tesla competitor Xpeng Motors files for IPO on the New York Stock Exchange

Xpeng Motors, a Chinese electric-car startup, has filed to go public on the New York Stock Exchange. The IP comes after Xpeng said earlier this month that it had raised $400 million from investors like Alibaba. With tariffs and trade tensions between the US and China, the company said it "could be adversely affected by political tensions" between the countries. Visit Business Insider's homepage for more stories. Xpeng Motors, a Chinese electric-car startup, has filed to go public on the New Y...
Tags: China, Ipo, US, Trends, Tesla, United States, Alibaba, Qatar Investment Authority, SEC, New York Stock Exchange, Cnbc, XPENG Motors, Xpeng, China Xpeng


Creators need better community tools. Circle wants to fill the gap

Entrepreneurial creators have to do a lot with limited time. They need to, well, create, but then they also need to build their marketing funnels, convert users to their paid products, and manage business operations. Yet, perhaps the most important task they face is keeping their existing fans engaged, since ultimately, that engagement ties directly to the health of their brand long-term. Social tools are abysmal on platforms like YouTube and Instagram, particularly when it comes to creators own...
Tags: Fundings & Exits, Startups, Instagram, Youtube, Funding, New York City, Tech, Silicon Valley, Gumroad, Edtech, Circle, Flynn, Yadav, Hotmart, Substack, Sahil Lavingia


Private-equity giants like Carlyle are inking more deals in Asia to get in early on an economic recovery — and that's offering a preview of the next hot investment themes

Some of the biggest private-equity firms are pointing to Asia as a bright spot in their investment portfolios throughout the coronavirus pandemic. The region, including China, Korea, India, Japan and Australia, has recovered more quickly than the U.S. and PE execs are striking deals there to put capital to work.  Some of the biggest deals this year include Jio, an Indian telecom company, and 58.com, a Chinese classified ad website.  Executives told Business Insider about where they see opportu...
Tags: Asia, Hong Kong, Australia, Saudi Arabia, China, India, US, Trends, United States, Korea, Berkshire Hathaway, Donald Trump, KKR, Clifford Chance, General Atlantic, Silver Lake


Microsoft could be 'a great steward' of TikTok's US assets if reported sale talks succeed, says Josh Elman, an investor in the app's predecessor Musical.ly

VC Josh Elman, an early investor in TikTok predecessor Musical.ly, said he thinks Microsoft could be a good fit for TikTok if a reported purchase deal for its US operations goes through. President Trump has been pressing for a sale to an American company, and issued an executive order last week that would later ban TikTok from continuing US operations itself. But with parent company ByteDance's tech spread across multiple products, splitting up the app's operations could be difficult.  In his ...
Tags: Microsoft, China, US, Trends, Linkedin, United States, New York Times, Cia, Github, Greylock Partners, Greylock, Josh Elman, Trump, Twitter Facebook, Elman, Alex Zhu


In their recent showdown with Congress, the tech titans argued they hadn't grown too powerful. The days that followed told a very different story. (GOOGL)

The CEOs of four tech giants recently defended their market power in a historic antitrust hearing. A week later, it feels like business as usual. Blockbuster earnings, copycat apps, and near-$2-trillion market caps tell a different story to the one we heard from these companies a week ago. Visit Business Insider's homepage for more stories. Four of the world's most powerful tech CEOs appeared virtually before Congress late last month to defend against accusations they had grown too powerful. ...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Microsoft, Congress, Trends, Eu, House, Tim Cook, Ufc, App Store, Justice Department, Adt, Pramila Jayapal D Wash


Disney's decision to debut 'Mulan' on Disney Plus for $30 could mean big changes for movie theaters, but the economics of high-price digital releases are daunting

Disney announced last week that it would release "Mulan" on Disney Plus for an additional $30 premium fee. Paul Dergarabedian, the Comscore senior media analyst, said that "nothing is off the table" now in terms of other movies heading to premium video-on-demand services.  The media research firm Lightshed Partners predicted a rough future for movie theaters as studios embrace PVOD in the coming years. Visit Business Insider's homepage for more stories. Disney defied expectations last week wh...
Tags: Hollywood, Amc, Disney, US, Trends, Mulan, Pixar, Comscore, Universal Pictures, Paul Dergarabedian, Dergarabedian, Jeff Bock, PVOD, Business Insider Every, Disney Plus, LightShed Partners


Announcing #GrowthTalkies: It’s time to grow and amplify retention strategy #MarTech

There was a time when startups were growing mindlessly, without worrying too much about LTV. But then, Covid happened and a lot of equations have fallen into place. The sane product and marketing leaders are looking for ways to grow in a meaningful manner and amplify the retention strategies. Meet #GrowthTalkies, 8-weeks program on growth and retention wherein we bring you actionable growth and product advice from some of the best product minds in the country. Every Fri and Saturday at ...
Tags: Business, Ama, Martech, LTV, Sumit, Growth & Marketing, Chingari, Gt-upcoming, MarTech Lesson


Bidding Wars Hold Steady in July, With Over Half of Redfin Offers Encountering Competition

54% of Redfin offers faced bidding wars last month amid record-low mortgage rates and an acute shortage of homes for sale Salt Lake City was the most competitive market, with 75% of offers encountering competition Seattle, WA – Aug. 10, 2020 (PRNewswire) (NASDAQ: RDFN) — 54% of Redfin offers nationwide encountered bidding wars last month, down slightly from June’s revised rate of 56%, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. Thi...
Tags: Real Estate, News, San Francisco, Atlanta, Chicago, Radio, Canada, United States, San Diego, Chad, Dallas, Miami, Salt Lake City, Las Vegas, Redfin, Seattle Wa


Small Businesses Add 63,000 Jobs in July

The ADP Report has released numbers that small businesses have hired 63,000 new staff in July 2020. In June small businesses alone had absorbed a combined 937,000 new hires showing a slowdown in new hires. The ADP Small Business Report for July, reports businesses employing between 1-19  employees hired 45,000 people in July. Those who employ between 20-49 employees have also added 18,000 new hires. The ADP classifies businesses employing up to 19 employees as ‘very small businesses.’ While tho...
Tags: US, Sales, ADP, Bureau, Small Business News, Bureau for Labor


Sweetgreen and and Palantir have lost value since the pandemic's start

Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Please subscribe to Business Insider here to get this newsletter in your inbox every Sunday.  Hi everyone! Matt is off today, so this is deputy executive editor Olivia Oran filling in. We rolled out an exciting project this past week where readers can search for pitch decks from over 150 startups. For the past few years, Business Insider has published these decks to give readers an insid...
Tags: US, Trends, Georgia, Pwc, Airbnb, Deloitte, Kpmg, Ey, Biden, Palantir, Trump, Rachel, Matt, Matt Turner, Sweetgreen, Nast


6 Practical Ways To Save Money

Whether you’ve been working for a few months, years, or decades, it can be hard to save money. For most people, wage increases aren’t matching inflation, making it hard for people to save. Although the rising costs of goods may make it challenging, there are effective ways you can improve your financial health and start saving money without changing jobs or getting a raise. 1. Comparison Shopping. Comparison shopping sites allow you to review the rates and fees for different service prov...
Tags: Startups, Disney, Netflix, Northern Ireland, Roku, Managing Money, Pluto, Others, Money Advice, Moneygains, OutletSale, Eliminate Waste With


Leaked Xbox Series S controller packaging suggests a cheaper next-gen console is on the way

All eyes might be one the launch of Microsoft’s next-gen Xbox Series X console during the holiday season this year. However, the company seems poised to release a more affordable Xbox Series S in the meantime. According to photos of controller packaging posted by twitter user Zak and confirmed by The Verge, Microsoft will release a cheaper version of the Xbox Series X and it’ll be called Xbox Series S. The company hasn’t yet announced any details related to this. [Read: Stream Game Pass games to...
Tags: Startups, Gaming, Microsoft, Zak


An internal Facebook audit reportedly shows QAnon groups have millions of members, but some employees who ran the investigation fear the company won't take any action (FB)

As part of an internal investigation probing communities with potential ties to violence on its site, Facebook found millions of followers across thousands of groups associated with the far-right fringe conspiracy theory QAnon, per an NBC News report. However, some Facebook employees fear the company won't take the necessary action against the 3 million online QAnon group members, according to internal documents viewed by NBC News.  The employees also expressed concern that QAnon's presence on...
Tags: Facebook, Twitter, Nbc News, Barack Obama, Trends, Fbi, Hillary Clinton, Donald Trump, Trump, State, NBC News The


Microsoft's Surface Laptop 3 for $200 off leads a slew of laptop deals in time for Back to School season

  Microsoft's latest Surface Laptop device is available at the starting level for $200 off, going for just $799.99 at Best Buy in time for Back to School season. This Surface Laptop 3 offers a solid Intel Core i5 processor, 8GB of memory, and 128GB of solid-state storage in a gorgeous, silver aluminum shell with a plush, fabric keyboard deck. We've also found many other sweet laptop deals that are listed below for this week. See also: The best laptops, the best Chromebooks, and the best gamin...
Tags: Microsoft, Newegg, Trends, Walmart, Intel Core, Joe Osborne, Surface Laptop


Amazon reportedly wants to take over JCPenney and Sears stores to turn malls into giant fulfillment centers

Amazon is in talks with the biggest mall owner in the US to take over retail space and turn them into giant Amazon fulfillment centers, The Wall Street Journal reported Sunday. The deal could involve Amazon taking over spaces formerly occupied by Sears and JCPenney, both of which have filed for bankruptcy and closed dozens of stores. Amazon would benefit by gaining well-located warehouse space in cities and could decrease delivery time on orders, but fulfillment centers wouldn't attract much c...
Tags: Amazon, Congress, North Korea, US, Trends, Sears, Wall Street Journal, Shopify, Simon, Jcpenney, Simon Property Group America


Beijing arrested a pro-democracy media tycoon in Hong Kong — then his stock quadrupled

Hong Kong activists became stock traders on Monday in support of local media tycoon Jimmy Lai, whom authorities arrested for allegedly breaking the city’s strict new national security law. Shares in Next Digital, Lai’s tabloid media group, rose up to 344% in afternoon trade after pro-democracy activists urged investors to buy in, reports the Financial Times. Police detained Lai alongside nine others under a new Beijing directive aimed at curtailing foreign influence and secessionist activities i...
Tags: Startups, Hong Kong, China, Kodak, Beijing, Lai, Jimmy Lai, Hard Fork, Financial Times Police


The 3 Cs of building strong teams in a remote work environment

Over the past six years of my career, I got to build and support distributed teams across the globe. While it’s been an opportunity that I’ll forever be grateful for and I got to work with fantastic people, it’s also challenged me as a leader and manager.  Much less happens organically through osmosis, or at the literal watercooler, but at the same time many of the challenges all teams face, like communication and collaboration, are exacerbated when we’re distributed across locations and time zo...
Tags: Startups, Podium, Growth Quarters


Slack for Dummies Gives Readers a Quick How-to on This Popular Collaboration Tool

Even before the pandemic forced the masses to work from home, there has been a cadre of freelancers, road warriors and digital nomads who have been working remotely.  And the one thing they all had in common was the need to collaborate with people virtually – WITHOUT using email. And this is where the Slack story begins. Slack was launched in 2013 to make collaborating easier and eliminate the dreaded, frustrating but necessary need to “deal with email.” Seven years later, Slack is so much more ...
Tags: Google, Sales, Business Books, Skype, Simon, Phil Simon, Technology Books, Phil Simon Simon, Slack for Dummies


A really simple introduction to one-pedal driving

Welcome to SHIFT Basics, a collection of tips, explainers, guides, and advice to keep you up to speed with mobility tech. In the early days of motoring, cars didn’t have the standardized three pedals, steering wheel, and gear shifter controls that most of us will know. Take the Ford Model T for example: to drive it in reverse you depress the middle pedal, its brake pedal is where a modern accelerator should be, and its throttle is on a lever on the steering column. It’s confusing to say the leas...
Tags: Startups, Electric Vehicle, Cars, Shift


Lesson #329: Leverage Market Downturns as Investment Opportunities

Chaos followed for most businesses in the wake of the Coronavirus:  the stock markets crashed, product demand fell and unexpected losses started to build up.  Most businesses did everything they could to batten down the hatches to help them best weather the storm, including stopping all discretionary investments.  But, should they have?  Most great investors, like Warren Buffett, have been quoted as saying their highest return investments were made during the middle of economic downturns.  So, ...
Tags: Startups, Warren Buffett, George Deeb


Why the UK’s decarbonization plan is good, but not great

It’s not often that a government transport document leaves you gobsmacked. But there was one line in the foreword of the latest in this genre by Grant Shapps, the transport secretary, that did just that. It reads: [In the future] public transport and active travel (walking and cycling) will be the natural first choice for our daily activities. We will use our cars less and be able to rely on a convenient, cost-effective and coherent public transport network. That line makes Shapps the first Brit...
Tags: Startups, UK, Tech, Grant Shapps, Shift, Syndication


The unannounced Xbox Series S has been leaked by Microsoft's own controller boxes, and a holiday 2020 release is rumored

  The Xbox Series S, an unannounced version of Microsoft's new video game console, has been revealed by the packaging for Microsoft's new Xbox controller. The packaging says the controller is for use with the "Xbox Series X/S," according to The Verge and other gamers who were able to find the new Xbox controller. Microsoft announced the Xbox Series X in December 2019 and plans to launch the console during the 2020 holiday season, but the existence of the Xbox Series S has not been officially c...
Tags: Microsoft, US, Trends, Chicago, Sony, Scarlett, Zak, Lockhart


TikTok's US fate reportedly rests on a brawl between two senior White House advisers

The confused messages from the Trump administration about the fate of ByteDance-owned TikTok may stem from a disagreement between two senior White House advisers. According to The Washington Post, trade adviser Peter Navarro pushed for an outright ban of TikTok, while Treasury Secretary Steve Mnuchin wanted a sale. The pair ended up in a "shouting match" in front of President Donald Trump in the Oval Office in late July, according to the report. President Trump has told TikTok, whose parent co...
Tags: Microsoft, Washington Post, White House, US, Trends, Treasury, Donald Trump, Trump, Peter Navarro, Oval Office, Navarro, Mnuchin, Steven Mnuchin, Steve Mnuchin, Bytedance, Tiktok


The $76,000 Q7 is a vital SUV for Audi — and the latest version more than lives up to expectations

I tested a $76,000 Audi Q7 55 TFSI from the 2020 model year — an updated version of the second-generation of this popular luxury SUV. In the premium, three-row SUV realm, the Q7 has always been considered an excellent choice, and the 2020 model year is no exception. The major change is a new engine: a supercharged V6 has been swapped for a turbocharged V6 that's more powerful. The 2020 Audi Q7 continues the carmaker's tradition of serving the family luxury market. Visit Business Insider's home...
Tags: Facebook, US, Trends, Bmw, Audi, Volvo, TFSI, MMI, Mercedes BMW Lexus, Orca Black Metallic, OS Wireless, New York Boston Chicago San Francisco, Los Angeles Nothing



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