Sales & Marketing news

• In the battle of the Tesla Model S and the Porsche Taycan, it's really no contest (TSLA)

  07-09-2019 17:22 via feedproxy.google.com
  With the official launch of the Porsche Taycan, an all-electric high-performance sedan, we're going to start hearing a lot about the battle between Porsche and Tesla.
  But there really isn't any competition in the electric-vehicle market, which remains tiny relative to the global gas-powered car market.
  Tesla and Porsche will be happy to benefit from all the competition-chatter, but with the first versions of the Taycan priced well above the most expensive Tesla Model S sedans, the automakers are
  
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• Meet the star women running Silicon Valley's largest IPOs; PE firms are hiring more undergrads

  07-09-2019 15:22 via feedproxy.google.com
   
  Ah, WeWork. The gift that keeps on giving. 
  This week, it was reported that the coworking firm is considering the drastic move of cutting its $47 billion valuation in half before its planned IPO. WeWork's roadshow is reportedly set to kick off next week, but it remains unclear if that'll happen. Some investors that I spoke to said they're still concerned about opacity around WeWork's financials and lack of disclosures. They think ultimately the deal will get done — it just may
  
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• Lyft's newest service: Driving yourself (LYFT)

  07-09-2019 15:13 via feedproxy.google.com
  Lyft has been quietly offering a car-rental service in three California cities. 
  When you book a vehicle in San Francisco, Oakland, or Los Angeles, the company will also offer customers $40 of ride credit to get to and from the pickup location. 
  The company said it's another way to help stave people off of individual car ownership. 
  Visit Business Insider's homepage for more stories.Lyft is trialling a car-rental service in California, the company confirmed to Business Insider thi
  
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• The chief strategist at a $1 trillion investing giant says Trump is doomed to lose his trade war — and explains why that would be the best possible outcome for markets

  07-09-2019 12:05 via feedproxy.google.com
  Kristina Hooper, chief global markets strategist for $1.2 trillion Invesco, says the Trump administration will have to end its trade war soon, and probably won't get any concessions from China beyond narrowing the US' trade deficit.
  Hooper says President Trump is in an inferior bargaining position with China and has essentially zero chance at remaking the US-China trade relationship.  
  Even if the outcome is disappointing relative to Trump's stated aims, she says the market will cheer
  
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• The crypto whiz kid who paid $4.6 million for lunch with Warren Buffett asked Donald Trump and several crypto bosses to join them. Here's everyone he invited.

  07-09-2019 11:57 via feedproxy.google.com
  The crypto whiz kid who paid $4.6 million to have lunch with Warren Buffett asked Donald Trump and a slew of crypto bosses to join them.
  Tron founder and CEO Justin Sun invited executives from Ethereum, Litecoin, Binance, Circle, Huobi, and eToro to attend the charity meal.
  Sun is working to reschedule the lunch after postponing it in July, a move that sparked conspiracies he was in trouble with the Chinese government.
  Here are six things to know about Justin Sun.
  View Markets Insider's homepage
  
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• WeWork reportedly hired the parents of a high-ranking exec as real estate brokers for a Miami lease, among other potential conflicts of interest

  07-09-2019 02:21 via feedproxy.google.com
  WeWork, in its public offering documents, disclosed a slew of related-party transactions involving CEO Adam Neumann, his wife, and various family members.
  But the company didn't disclose a collection of deals involving the family members of other company officials, according to a report in the Wall Street Journal.
  The deals the Journal reported involved family members of Michael Gross, WeWork's vice chair; Arash Gohari, its co-head of real estate; and Granit Gjonbalaj, its chief real estate deve
  
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• Google says it's received a demand from the DOJ to hand over documents on past government probes of its business, and it expects more to come (GOOG, GOOGL)

  07-09-2019 00:29 via feedproxy.google.com
  In an SEC filing made public on Friday, Google's parent company Alphabet told investors that the Department of Justice (DOJ) has requested information about its past antitrust investigations. 
  "On August 30, 2019, Alphabet received a civil investigative demand from the DOJ requesting information and documents relating to our prior antitrust investigations in the United States and elsewhere," the SEC filing read.
  Earlier this summer, The Wall Street Journal reported that the DOJ was pla
  
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