BI Prime Tech 2020-05-06T10:51:59Z
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WhatsApp users are spreading a bogus UK exit strategy claiming the COVID-19 lockdown will end in August

The company says it has tried to limit false information about the pandemic being spread on its platform.
BI Prime Strategy 2020-05-05T22:07:30Z
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A memo from Airbnb's CEO announcing huge staff cuts is a case study in how leaders can conduct layoffs in a compassionate way

Airbnb is cutting about a quarter of its staff. CEO Brian Chesky's memo to the company shows respect and compassion for all employees affected.
BI Prime Retail 2020-05-05T21:52:00Z
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Shopify's general manager reveals its last-minute sprint to include a tool for a new app to help small merchants take on Amazon and Walmart during COVID-19

Carl Rivera, general manager at Shopify, said a local shopping tool originally slated for fall ended up becoming "a priority for inclusion at launch."
BI Prime Tech 2020-05-05T21:42:23Z

Airbnb is ending ambitious efforts to expand into transportation and film. Here are all the moonshot projects Airbnb is halting or scaling back to save money.

The company is cutting swathes of its business to get back to its roots, Airbnb CEO Brian Chesky said in a memo sent around the company.
BI Prime Media 2020-05-05T21:16:08Z

The top social-media platforms marketers want to lean into in 2020, according to a survey of over 1,000 industry professionals

Marketers and consumers plan to lean into Facebook, Instagram, and more in 2020, according to a survey from analytics platform Sprout Social.
BI Prime Tech 2020-05-05T20:39:46Z

Airbnb expects revenues to be slashed by more than half this year, CEO says

Airbnb expects 2020 revenues to be less than half of what they were in 2019, even once travel resumes, because of fallout from the COVID-19 pandemic.
BI Prime Media 2020-05-05T20:32:00Z

Inside the 'Brooklyn Nine-Nine' season 8 virtual writers' room, where couches have been recreated on Zoom and pranks include pretending your connection is frozen

'Brooklyn Nine-Nine' showrunner Dan Goor said the writers' room for the NBC shows has resumed remotely and recreated its physical offices on Zoom.
BI Prime Advertising 2020-05-05T20:28:00Z

WPP CEO says returning to work will be voluntary when the advertising giant reopens its US offices

Mark Read said US employees will return to offices voluntarily and that the process would be gradual due to the continued prevalence of the pandemic.
BI Prime Finance 2020-05-05T20:24:59Z

Read the full memo Airbnb CEO Brian Chesky just sent to staff announcing 1,900 job cuts. It lays out severance details and which teams are getting hit the hardest.

CEO Brian Chesky said Airbnb's revenue would likely halve versus 2019, and explained how the cuts were decided and what severance workers can expect.
BI Prime Tech 2020-05-05T20:09:46Z

Why NASA believes the first SpaceX rocket mission carrying humans into orbit is 'critical' and must move forward despite the growing coronavirus pandemic.

Launching NASA astronauts Bob Behnken and Doug Hurley aboard SpaceX's Crew Dragon is how NASA plans to make use of its $100 billion investment.
BI Prime Tech 2020-05-05T20:04:10Z

Amazon quietly rolled out its 'Uber for trucking' service to 48 states in a bid to own the booming digital freight brokerage space — and shore up its own supply-chain issues

Amazon has quietly expanded its freight brokerage service to 48 US states, as it looks to take a bigger bite out of the industry.
BI Prime Markets 2020-05-05T20:01:00Z

These 22 well-known companies are vulnerable to acquisitions by private-equity buyers due to the coronavirus, BTIG says

The crisis has cheapened the valuations of many popular companies and made them targets for private-equity buyers.
BI Prime Tech 2020-05-05T19:57:03Z

Uber CEO tells employees that it is finalizing layoffs as fears circulate among staff that 4,000 jobs will be cut

Uber's biggest team reports to its outgoing chief technology officer, and its second biggest is self-driving cars, according to internal documents.
BI Prime Strategy 2020-05-05T19:55:00Z

What to do if an employee contracts coronavirus, including the emails you should be sending to your team to calm concerns

The primary reason to act, of course, is to protect the health of your employees and yourself, but there can also be legal implications if you don't.
BI Prime Strategy 2020-05-05T19:36:53Z

Bank robots have been fighting a secret war with outdated government tech to decide who gets $670 billion in small business bailouts. Here's the inside story.

In a normal year, E-Tran processes roughly $20 billion in loans. By the time this crisis is over, it's slated to dole out more than $1 trillion.
BI Prime Enterprise 2020-05-05T19:35:14Z

This hacker's startup just raised $20 million to cyberattack its own customers — and the money will go towards hiring people who agree 'breaking into things is an addiction'

David "Moose" Wolpoff leads a team of hacking attackers at Randori, a cybersecurity startup that just pulled in $20 million.
BI Prime BI Prime 2020-05-05T19:27:17Z

Google's deal to buy Fitbit is under intense scrutiny on 2 continents – here are the privacy and antitrust hurdles it must clear to land an 'unprecedented' merger

Google's Fitbit acquisition has set alarm bells ringing among antitrust and privacy regulators. Here's what it will have to do to stick the landing.
BI Prime Retail 2020-05-05T19:24:30Z

We asked Walmart's CEO how the retail industry and world will change as a result of the coronavirus — here are his predictions

"This is just speeding up the significant change the retail industry was already undergoing," Walmart CEO Doug McMillon told Business Insider.
BI Prime Tech 2020-05-05T19:20:03Z

A NEW WORLD ORDER: A VC who left his job in the dot-com crash thinks today's economic downturn is more like that 2000 tech cataclysm than the 2008 financial crisis

Founders Fund general partner Keith Rabois said it is "highly likely" the United States economy will suffer a depression.
BI Prime Retail 2020-05-05T19:12:36Z

The CEO of Peace Out, a thriving DTC skincare brand, reveals how sales are soaring during the pandemic with twice as many orders of more than $500 each

Peace Out has seen some the highest levels of traffic on its website since the pandemic began. Here's how the DTC company adapted its strategy.
BI Prime Advertising 2020-05-05T18:55:00Z

Anheuser-Busch InBev's global chief marketing officer reveals how its $1 billion innovation unit ZX Ventures is helping the company weather the coronavirus

The company's response has centered on people spending more time cooking, using in-home entertainment, and socializing in smaller groups.
BI Prime Enterprise 2020-05-05T18:54:00Z

IBM's new president explains exactly how an avocado toast breakfast with Ginni Rometty led to the $34 billion acquisition of Red Hat — and how he got over his gut feeling that it was a bad idea

IBM President Jim Whitehurst also discusses the worst part of being at Big Blue: 'Oh my God, I've never seen people who meet so much.'
BI Prime Markets 2020-05-05T18:09:00Z
BI Prime Transportation 2020-05-05T18:07:00Z

Leaked memo reveals United Airlines will force administrative workers to take unpaid days off. The airline is even suggesting employees quit their jobs ahead of layoffs.

United Airlines said it'll require management and administrative workers to take 20 unpaid days off this summer ahead of fall layoffs due to COVID-19.
BI Prime Advertising 2020-05-05T17:47:49Z

76% of marketers plan to slash their advertising budgets this year, and ad holding companies could bear the brunt of the cuts

Research firm Gartner sees opportunity for agencies specializing in areas like e-commerce and customer data, though.
BI Prime Strategy 2020-05-05T17:46:03Z

THE RACE TO REOPEN: A comprehensive guide for offices to safely and efficiently bring back workers

We spoke to experts and business leaders about the steps you should take to prepare for a return to work.
BI Prime Science 2020-05-05T17:23:00Z

The man who predicted that Amazon would buy Whole Foods now expects the tech giant to become the fastest-growing healthcare company within 5 years

NYU professor Scott Galloway thinks Amazon will need to go after an industry like healthcare to double its stock over five years.
BI Prime Enterprise 2020-05-05T17:18:44Z

$54 billion VMware told employees it's freezing salaries, cutting CEO and other executive pay, and suspending 401(k) matches over the impact of COVID-19

VMware is freezing salaries and suspending 401(k) matches as COVID-19 takes a toll on its business. Top execs and board members will take salary cuts.
BI Prime Strategy 2020-05-05T17:18:02Z

Getting ordained, rejiggering seating charts and dance floors, and negotiating vendor contracts: How 4 wedding planners are prepping for the future of the events industry

Wedding planners have had to think on their feet while coronavirus keeps events socially distant, and some are even busier than ever.
BI Prime Retail 2020-05-05T17:08:21Z

Victoria's Secret's hopes of a turnaround came crashing down after its buyer backed away from the deal. Here's what lies ahead for America's best-known lingerie store.

"As L Brands had pinned most of its hopes on the deal with Sycamore Partners, the termination leaves Victoria's Secret without a plan," an analyst said.
BI Prime Executive Lifestyle 2020-05-05T16:58:08Z

Cities or suburbs: A new survey reveals that the coronavirus may change where Americans decide to live

More and more Americans who live in cities are considering moving away for good as the coronavirus outbreak forces a reconsideration.
BI Prime Retail 2020-05-05T16:33:13Z

$1 billion startup StockX was in turmoil long before the pandemic, with 2 prior rounds of layoffs and months of internal cost-cuts in a race toward profitability

The pandemic worsened an already shaky scene at StockX, where layoffs and a cost-cuts are rampant amid a race toward profitability and possible IPO.
BI Prime Markets 2020-05-05T16:25:00Z

Goldman Sachs lays out a timeline for when oil prices will recover — and names 6 oil stocks you should buy now to benefit as the market stabilizes

As oil demand returns, and producers curb supply, the price of oil will recover and reach prepandemic costs by the end of next year, Goldman said.
BI Prime Science 2020-05-05T15:44:00Z

The $60 billion biotech Regeneron specializes in making antibody treatments to fight diseases. Top execs just said a potent cocktail to treat the coronavirus could be ready by the end of summer.

Regeneron will launch 3 trials in June to see if its antibody cocktail can prevent infection in healthy people and help COVID-19 patients recover.
BI Prime Strategy 2020-05-05T15:41:01Z

What you need to know to prepare for and excel at the online GRE, according to testing experts and instructors

With in-person testing shuttered amid the pandemic, people seeking graduate school education can still take the GRE exam online, with some caveats.
BI Prime Finance 2020-05-05T14:58:00Z

Oil giant Halliburton laid off almost 1,700 workers across 3 states amid the 'most severe' downturn in a generation, filings show

The oil field service company has cut hundreds of workers from facilities in Texas, Oklahoma, and Colorado in response to the oil-price collapse.
BI Prime Strategy 2020-05-05T14:47:00Z

I've helped over 1,000 people successfully launch their own businesses. Here are 4 easy steps you can take today to get started even during a time of crisis.

Even during a pandemic there are steps you can take to get your business off the ground — and a crisis might even offer some advantages.
BI Prime Strategy 2020-05-05T14:16:46Z

The best benefit options for business owners to keep staff happy and engaged while working from home

Paid sick leave laws have recently changed because of coronavirus — and employees also need more mental health benefits during this time.
BI Prime Strategy 2020-05-05T14:02:24Z

An attorney explains why struggling businesses should apply for money from their insurance companies right now — and how to do it

Any business that was forced to shut down should file a claim. Ongoing legal action could land you a payday down the road.
BI Prime Enterprise 2020-05-05T13:40:00Z

Startup Jellyfish just raised $12 million in funding to help managers solve the 'last black box' of understanding how their engineering teams are working

Jellyfish's cofounders, who met at the now Oracle-owned Endeca, started this company because of one major problem they faced as engineering managers.
BI Prime BI Prime 2020-05-05T13:28:00Z

There are more than 100 potential coronavirus vaccines in the works. Here are the top efforts to watch, including the 20 programs expected to start human trials this year.

Research is moving historically fast to produce a coronavirus vaccine, with eight vaccine candidates already in human trials.
BI Prime Enterprise 2020-05-05T13:00:00Z

The CEOs of Google Cloud and $21 billion data analysis company Splunk unveil a new alliance that shows the limits of sticking to one platform: 'It broadens our reach into a critical IT community'

Splunk is turning to Google Cloud for its cloud expansion, a big win for Google that highlights the push toward using more than one cloud platform.
BI Prime Media 2020-05-05T12:44:00Z

Meet the 20 most powerful WarnerMedia execs and their top deputies. Here are the leaders who will help HBO Max battle Netflix and define AT&T's TV future.

WarnerMedia's new CEO started Friday, culminating nearly two years of high-profile executive moves spurred by AT&T's acquisition of Time Warner.
BI Prime Strategy 2020-05-05T12:28:00Z

How companies can use virtual reality to train their managers to handle coronavirus at work before reopening offices

There's often no easy way to handle a tough situation in the office, but VR tools may be able to help.
BI Prime Markets 2020-05-05T12:10:00Z

Award-winning fund manager Randall Dishmon says the way to win at investing is to think like a Warren Buffett-style acquirer. Here are the 3 questions he always asks before buying a stock.

Fund manager Randall Dishmon explains how exactly he takes a company's pulse. It's an approach highly indebted to Warren Buffett.
BI Prime Enterprise 2020-05-05T12:00:00Z

A startup that helps marketing and sales teams automatically send gifts and snail mail to customers and clients just raised $9 million

Postal.io has created a tool to automate physical marketing and communication in the same way digital marketing had been automated.
BI Prime Strategy 2020-05-05T12:00:00Z

Slack's cofounder shares 3 key steps employers should take to onboard remote workers during the coronavirus pandemic

Some companies are onboarding remote employees for the first time ever and communication is key to their success, says Cal Henderson.
BI Prime Finance 2020-05-05T12:00:00Z

Charles Schwab is launching fractional stock-trading in June, making good on a promise that sent rivals Robinhood and Fidelity racing to offer slices of pricey shares

Brokerage Charles Schwab will offer fractional share trading starting in June with a $5 minimum. Customers can buy fractions of S&P 500 components.
BI Prime Finance 2020-05-05T11:47:00Z

Digital-only bank N26 just raised $100 million. Now, it's rolling out features like contactless payments to cater to users' evolving needs.

The German bank, valued at $3.5 billion, is looking to grow its core markets across Europe and the United States, its US CEO told Business Insider.
BI Prime Strategy 2020-05-05T11:30:00Z

The CEO of Boston Consulting Group shares the 4 most important skills he says leaders need to build a resilient team that can survive any crisis

You need to have a "commander's intent" and be clear about your goals during tough times, Rich Lesser said.
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