Sales & Marketing news

• Silicon Valley's top VCs are convening a special 'summit' after recent IPO failures

  01-10-2019 21:24 via feedproxy.google.com
  Silicon Valley investors and executives are holding a big summit to explore alternatives to Wall Street's system for initial public offerings, Bloomberg reported Tuesday.
  The summit will examine the system in place for IPOs which is based largely on rules set by the financial industry and run largely by underwriters. 
  The gathering will look into alternative processes, including the use of direct listings based on cutting-edge software algorithms.
  Visit Business Insider's homepage for more
  
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• IPO proceeds slowed 50% in the third quarter as investors lost their appetite for high-risk companies

  01-10-2019 20:24 via feedproxy.google.com
  Money raised by companies entering the public markets declined more than 50% in the third quarter, compared to the second quarter of 2019, according to data from Renaissance Capital. 
  Initial public offerings raised a total of $10.8 billion in the third quarter, less than half of the $25.1 billion in proceeds during the second quarter. 
  The dip in fundraising comes as investors appear to be souring on high-risk, high-growth companies with uncertain paths to profitability. 
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• China is nearing a record number of state-backed investments in private companies

  01-10-2019 20:00 via feedproxy.google.com
  As strains on the second-largest economy pile up, the Chinese government is increasingly taking up stakes in private companies. 
  The Wall Street Journal reported Tuesday that government-backed buyers in China purchased 47 stakes in listed private companies in the first half of the year
  The past two years marked a sharp break from much of the past decade, when those annual totals have amounted a dozen or fewer stakes.
  Visit the Business Insider homepage for more stories.
  As strains on the wo
  
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• Mark Zuckerberg reacted to the leaked transcript of his internal meeting by promoting it on his Facebook page (FACEBOOK)

  01-10-2019 19:57 via feedproxy.google.com
  On Tuesday morning, The Verge published the transcript from audio at a July Facebook meeting.
  The transcript provided a look at the weekly all-hands meetings at Facebook, which are typically kept secret by employees.
  Zuckerberg reacted to the leak by promoting a link to it on Facebook, an unusual move by a company that is very sensitive to leaks.
  Visit Business Insider's homepage for more stories.Mark Zuckerberg had an unusual reaction Tuesday to a leaked transcript of one of his weekly internal
  
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• Blockchain startup Block.one settles with the SEC for $24 million over unregistered crypto offerings

  01-10-2019 19:51 via feedproxy.google.com
  Blockchain startup block.one will settle with the Securities and Exchange Commission for $24 million to resolve allegations of conducting an unregistered initial coin offering.
  The company allegedly sold cryptocurrency tokens to investors without adhering to securities laws, and didn't provide investors with disclosures they were entitled to, the SEC said in a statement.
  Block.one is "committed to ongoing collaboration with regulators and policy makers," the company said in a statement. The comp
  
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• Morgan Stanley breaks down how the next market downturn could upend what even the most prepared investors are expecting

  01-10-2019 19:37 via feedproxy.google.com
  Mike Wilson, Morgan Stanley's chief US equity strategist, says it's time for investors to position themselves for the end of the economic cycle as corporate earnings weaken.
  Investors have piled into a small number of positions while waiting to find out if stocks are likely to rally or fall further, Wilson wrote. He says that crowding means risks are rising.
  Still, he said market bears were going to be disappointed because a steep immediate drop in the broad S&P 500 index is unlikely.
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• If the Trump administration limits investment in China, experts say it's US investors who could pay a steep price

  01-10-2019 19:11 via feedproxy.google.com
  If the Trump Administration were to limit US investment flows into China, it could ultimately hurt US investors, industry watchers told Markets Insider. 
  Experts say this is because billions of dollars are in assets that track indexes exposed to China. 
  In addition, if US foreign investment to China were limited, it could weaken the yuan further and undermine tariffs levied by the US. 
  Read more on Business Insider.
  If the Trump White House were to curb investment in Chinese compa
  
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• Spies, suicide, and a clash over a bulldozed house — here's what we know about the scandal rocking Credit Suisse

  01-10-2019 17:44 via feedproxy.google.com
  The secretive world of Swiss banking has been rocked by a wild scandal involving spies, a suicide, and a clash at a cocktail party.
  Credit Suisse hired private investigators to spy on Iqbal Khan (above), its former head of wealth management, after he feuded with CEO Tidjane Thiam and left for the bank's local archrival, UBS, earlier this year.
  The fiasco has culminated with the resignation of both the Swiss bank's operating chief and head of global security, and the death of the contractor who h
  
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• Citi has quietly undergone a massive restructuring over the past year. Here are the businesses it overhauled and the executives who departed.

  01-10-2019 17:41 via feedproxy.google.com
  Citigroup declared in 2017 its post-financial crisis restructuring was complete, but over the past 18 months the bank has quietly, slowly undergone another significant overhaul.
  A little over two years after its investor day, the firm and leadership surrounding CEO Mike Corbat looks vastly different. Just five of the 14 executive officers on Corbat's team remain.
  In a recent meeting with bank analysts, Citi executives signaled that the slow-burn restructuring may be nearing completion.
  Here's a
  
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• The last 2 times stocks entered the 'Grey Zone' were before the tech bubble and the global financial crisis. Here's why UBS thinks equities are on a similar path — and why the Fed will be powerless to stop it.

  01-10-2019 17:33 via feedproxy.google.com
  The UBS strategists Francis Trahan and Samuel Blackman lean on historical data and correlations to paint a bleak picture for the S&P 500's future.
  The strategists see a slowdown in Institute for Supply Management new-order data, signaling meek S&P 500 earnings, which they think will translate into a decline.
  Trahan and Blackman also think the Federal Reserve will be powerless in its attempts to rescue equity markets, since a key correlation that was prevalent in the 1990s is no longer ex
  
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• US factory activity unexpectedly hits 10-year low as Trump's trade war persists

  01-10-2019 17:02 via feedproxy.google.com
  A key gauge of American factory activity unexpectedly contracted for a second straight month in September.The Institute for Supply Management said Tuesday its manufacturing index fell to levels not seen since the global financial crisis 10 years ago.
  A dispute President Donald Trump ignited with China last year has added pressure to a broader slowdown in the manufacturing sector.
  Visit the Business Insider homepage for more stories.
  A key gauge of American factory activity unexpectedly contracte
  
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• Charles Schwab says it will cut online stock and ETF fees to zero — and all the major brokers are getting clobbered (SCHW)

  01-10-2019 16:50 via feedproxy.google.com
  Charles Schwab announced on Tuesday that it would lower fees to zero for stock, exchange-traded fund, and options trades made on US and Canadian exchanges.
  The firm's shares fell as much as 10% on the news.
  The competing brokerages TD Ameritrade and E-Trade saw even deeper losses, each plunging roughly 20% at their intraday lows.
  Watch Charles Schwab trade live on Markets Insider.
  Charles Schwab announced on Tuesday that it would eliminate online fees for stock, exchange-traded fund, and options
  
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• Mark Zuckerberg says he's ready to 'go to the mat' with federal regulators over threats to break up Facebook (FB)

  01-10-2019 16:17 via feedproxy.google.com
  Facebook CEO Mark Zuckerberg says he is ready to "go to the mat" with federal regulators over threats to break up the social media giant. 
  "If someone's going to try to threaten something that existential, you go to the mat and you fight," Zuckerberg said in leaked audio of a July town hall with employees published by The Verge on Tuesday.
  Zuckerberg was specifically addressing a question about US presidential candidate Senator Elizabeth Warren, who has called for large tech companies like
  
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• Fitch downgrades Saudi Arabia's debt rating amid fears of further oil-field attacks

  01-10-2019 16:12 via feedproxy.google.com
  Fitch Ratings downgraded Saudi Arabia's credit rating on Monday due to concerns stemming from drone strikes on major oil production sites in early September. 
  The credit-rating agency lowered Saudi Arabia's long-term rating to "A" from "A+" over fears the country's oil facilities might be vulnerable to attacks in the future. 
  Fitch also said Saudi Arabia's swelling fiscal deficit was a contributing factor to the downgrade. 
  Visit the Business Insider homepage for more stories.
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• The WTO slashed its global trade forecast in half — citing Trump's trade war, Brexit, and shifting monetary policy

  01-10-2019 16:11 via feedproxy.google.com
  The World Trade Organization (WTO) just cut its global trade forecasts on Tuesday, saying that "escalating trade tensions and a slowing global economy," led to its economists downgrading their forecasts for 2019. 
  The WTO said that the volume of merchandise trade will only increase by 1.2% this year down from the 2.6% prediction from earlier this year.It also said that trade volumes will increase by 2.7% next year, down from 3% in April. 
  The WTO specifically cited trade tensions, Brex
  
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• Ford announces $275 million joint venture with Indian automaker Mahindra (F)

  01-10-2019 15:49 via feedproxy.google.com
  Ford Motor Company announced a joint venture with the Indian carmaker Mahindra & Mahindra on Tuesday.
  The goal is to boost Ford sales in India and other emerging markets. 
  Shares of Mahindra climbed as much as 3.5% on the news, while Ford traded slightly higher.
  As part of the $275 million venture, Ford will transfer all India operations to Mahindra. The move comes amidst a massive $11 billion restructuring at Ford. 
  Watch Ford trade live on Markets Insider.
  Ford Motor Company has
  
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• Mark Zuckerberg describes in leaked recording his plan of attack for taking on TikTok, Facebook's newest threat (FB)

  01-10-2019 15:36 via feedproxy.google.com
  Leaked audio obtained by The Verge reveals that Mark Zuckerberg recently fielded a question from an employee about the threat short-form video app TikTok poses to Facebook.
  Zuckerberg acknowledged that TikTok was doing well with young people in the US and India.
  He said that Facebook's plan of attack was to launch its TikTok competitor, Lasso, in markets where TikTok didn't yet have a foothold.
  Visit Business Insider's homepage for more stories.Mark Zuckerberg told employees over the summer that
  
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• Marketoonist on push notification overload

  01-10-2019 15:18
  Tom Fishburne is founder of Marketoon Studios. Follow his work at marketoonist.com or on Twitter @tomfishburne
  See more of the Marketoonist here
  The post Marketoonist on push notification overload appeared first on Marketing Week.
  
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• Airbnb reportedly opts for direct listing over traditional IPO ahead of 2020 market debut

  01-10-2019 15:12 via feedproxy.google.com
  Airbnb is planning a direct listing for its 2020 public market debut, rather than conducting a traditional initial public offering, Bloomberg reported Tuesday.
  A direct listing would keep the home-share company from paying millions of dollars in fees to a partnering bank, and not require the issuance of any new shares that would water down the share price.
  Tech startups Slack and Spotify have already taken the same approach for going public in 2019.
  Airbnb is privately valued at $31 billion and
  
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• Morgan Stanley says WeWork's failed IPO marks the end of an era for unprofitable unicorns — and explains why it leaves the market's tech kingpins vulnerable

  01-10-2019 14:44 via feedproxy.google.com
  WeWork's highly publicized initial public offering troubles will be remembered as the end of an era when unprofitable companies could get huge market valuations, according to Mike Wilson, Morgan Stanley's chief US equity strategist.
  More immediately, Wilson says, high growth software and other tech company stocks will feel sustained pressure and that will affect the broader market.
  The We Company — WeWork's parent company — said Monday it will withdraw its S-1 filing and end its trou
  
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• Fashion ecommerce 2020: The trends disrupting the industry

  01-10-2019 14:30
  Fashion consumers are buying more online than they ever have before. So much so, that Forrester predicts the number of global online fashion buyers will reach approximately 911 million by 2022, making fashion the largest category of online buyers overall.
  Fashion ecommerce is continuously changing, with consumer expectations pushing brands to innovate in order to stand out amid stiff competition.
  So, how are fashion ecommerce brands rising to the challenge?Personalisation and AI
  Mary Meeker
  
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• Dan Fuss is revered as 'the Warren Buffett of bonds.' He walked us through the investing approach that's delivered market-beating returns and turbocharged his 61-year career.

  01-10-2019 14:05 via feedproxy.google.com
  Dan Fuss, 86, is the vice chairman of Loomis Sayles and the lead portfolio manager of the firm's flagship bond fund.
  In an exclusive interview with Business Insider, he explained why investing like a stock picker had helped him deliver market-beating returns over the decades, and he discussed where he sees the biggest risks in credit markets.
  Click here for more BI Prime stories.It is often said that the bond market is smarter than the stock market.
  But the legendary bond investor Dan Fuss has c
  
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• John Lewis and Waitrose to operate as one in restructure that puts marketing jobs at risk

  01-10-2019 13:45
  John Lewis and Waitrose is undergoing a significant restructure that will see the two brands run as a single business from February 2020, in a move that will see 75 of its 225 senior management roles, including in marketing, axed.
  Parent company the John Lewis Partnership says the new structure, dubbed the ‘Future Partnership’, will lead to cost savings of £100m and better position the business to “break out” from the cycle of declining returns that are seeing a num
  
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• John Lewis and Waitrose to merge in restructure that puts marketing jobs at risk

  01-10-2019 13:45
  John Lewis and Waitrose is undergoing a significant restructure that will see the two brands run as a single business from February 2020. Seventy five of its 225 senior management roles, including in marketing, will be axed.
  Parent company the John Lewis Partnership says the new structure, dubbed the ‘Future Partnership’, will lead to cost savings of £100m and better position the business to “break out” from the cycle of declining returns that are seeing a number of
  
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• Young Irish viewers desert TV quicker than expected

  01-10-2019 02:00 via warc.com
  A new report from the Irish broadcast regulator has found that young people are moving away from TV at a faster rate than previously forecast, reflecting a much larger trend in viewing: the winners, it seems, are video-on-demand services.
  
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• The Washington Post looks beyond ads and subscriptions

  01-10-2019 02:00 via warc.com
  When Amazon CEO Jeff Bezos bought the Washington Post in 2013, it was assumed that changes to the newspaper would soon be made, but few saw the licensing of its technology as an obvious step. Now, the Post says revenue from its ARC publishing...
  
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• Lower tier shoppers join India’s online shopping revolution

  01-10-2019 02:00 via warc.com
  As India’s festive season sales get under way, the initial signs are that both Flipkart and Amazon are succeeding in their efforts to attract more online shoppers from lower tier cities.
  
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• Hong Kong braces for poor golden week

  01-10-2019 02:00 via warc.com
  The continuing protests in Hong Kong are having an adverse effect on tourism and city centre retailers and restaurants, signalling a disappointing National Day golden week holiday, but spending on food delivery has soared as people stay at...
  
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• Benchmark your ad investment by product category

  01-10-2019 02:00 via warc.com
  Ad investment is shifting towards internet formats, but the rate at which that is happening depends on the sector: food and soft drinks, for example, still pour around two thirds of advertising investment into TV, a new WARC report points out.
  
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