Sales & Marketing news

• What went on inside SoftBank-backed Fair as it burned through cash — plus fresh proptech funding and JPMorgan's new VC coverage group

  09-11-2019 23:04 via feedproxy.google.com
  
  Hello readers,
  SoftBank is in a "rough sea" — or at least, that's how its CEO, Masayoshi Son, describes it. 
  That may be putting it lightly. SoftBank Group this week reported a $6.4 billion quarterly operating loss thanks to massive writedowns on WeWork, Uber, and other investments by SoftBank and its Vision Fund. 
  And as we're reporting, the factors creating this storm are not unique to the high-profile IPO implosion (and subsequent bailout) at WeWork. Just this morning, we publ
  
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• Trump plan to save Syria's oil is shaping up to be a public-relations dumpster fire

  09-11-2019 20:10 via feedproxy.google.com
  
  President Donald Trump's decision in October to commit US troops and armored vehicles to guard Syrian oil fields took congressional leaders and military officials by surprise, perhaps even more so than his abrupt withdrawal of US forces from the region in the weeks prior.
  In his reasoning, the president publicly acknowledged the primary purpose of deploying additional troops was to protect the Syrian oil reserves — which compounds the already complicated problems in the region, according t
  
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• A former WeWork employee is suing over Adam Neumann's $1.7 billion golden parachute

  09-11-2019 18:57 via feedproxy.google.com
  A former employee is taking WeWork to court over cofounder Adam Neumann's reported $1.7 billion golden parachute.
  Natalie Sojka's lawsuit accuses Neumann and other WeWork directors of benefiting themselves at the expense of minority shareholders as their actions have "eviscerated" the value of WeWork stock and stock options.
  "It is beyond comprehension why Neumann would be paid $185 million to provide strategic guidance to the company when his 'guidance' resulted in the virtual destruction of th
  
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• Efficiency-obsessed tech firms are sticking newsletters on toilet stall walls to keep employees productive while they poop (FB, GOOG, YELP)

  09-11-2019 16:00 via feedproxy.google.com
  
  Silicon Valley firms are putting internal employee newsletters on the walls of bathrooms stalls to reach workers while they poop.
  Google pioneered the practice, and Facebook, Yelp, Jet.com, Group Nine and others have all also adopted the practice in recent years, Business Insider found.
  The organizer of one company's toilet-wall newsletter boasted of the efficiency gains it gives the company. 
  The practice is emblematic of the technology industry's relentless drive for productivity and some
  
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• Tesla short-sellers have swung back to the SolarCity side of the business. Here's why. (TSLA)

  09-11-2019 15:22 via feedproxy.google.com
  
  After Tesla posted a surprise 3rd-quarter profit, short-sellers found themselves burned as the stock surged past $300.
  Tesla's automotive business is largely based now on its Model 3, a vehicle that endured a fraught birth but has now stabilized.
  With Tesla now selling around 250,000 cars a year, a short position based on the car business is busted. 
  Short-sellers have now pivoted to the weak solar business and have been encouraged by allegations the Tesla merger with SolarCity in 2016 was
  
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• 'We're going to have to have a severe recession if we're ever going to build a viable economy': Here’s why one market expert says the US is doomed to default on its debt no matter what

  09-11-2019 12:05 via feedproxy.google.com
  
  Peter Schiff, the outspoken CEO and president of Euro Pacific Capital, thinks the gargantuan amount of debt the US is carrying is primed to default.
  He calls repayment "impossible" and sees this mess ending in either an "honest" or "dishonest" default.
  It's a forecast Schiff has been making for years without success, but he doubled down yet again on a recent podcast appearance.
  Click here for more BI Prime stories.For one reason or another, the towering amount of debt the US has racked up over t
  
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• WeWork just released an investor presentation that offers numbers the company didn't include in its widely-derided IPO documents

  09-11-2019 00:15 via feedproxy.google.com
  
  WeWork on Friday released an investor presentation that shows how its new leaders are trying to make a break with the past. 
  Among other things, the presentation indicates the company plans to focus on working with large companies, a customer group that co-CEO Artie Minson told Business Insider earlier this year is critical for growth.
  In the document, WeWork for the first time publicly released specific data about location occupancy and other metrics.
  The company was criticized for not pub
  
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