Non-fungible token marketplace OpenSea is reducing its workforce by about 20%. According to a note shared by OpenSea CEO and founder Devin Finzer on Thursday, the platform is laying off Read more
Tag: CEO
Australia’s Booktopia ousts co-founder Tony Nash as CEO following review
SYDNEY — Booktopia Ltd. AU:BKG ousted co-founder Tony Nash as chief executive following an internal business review of the online bookseller. The ASX-listed company said Thursday that it appointed Chief Read more
Rivian CEO letter: EV maker ‘not immune’ to economic slowdown, considers workforce reduction
Rivian Automotive Inc. is “not immune to economic conditions” and is readying a plan to cut costs, Chief Executive RJ Scaringe told employees in a letter made available Tuesday. The Read more
Ex-Overstock CEO Patrick Byrne to meet with House Jan. 6 committee: report
Former Overstock.com Inc. Chief Executive Patrick Byrne is expected to meet Friday with the House committee investigating the Jan. 6, 2021, Capitol insurrection, CNN reported Monday night. The meeting will Read more
Gap CEO Sonia Syngal to step down
Gap Inc. said late Monday Chief Executive Sonia Syngal will step down after “a brief transition.” Executive Chairman Bob Martin will serve as interim CEO, the retailer said. Gap GPS, Read more
Will Coinbase go bankrupt? Crypto CEO says there is ‘no risk of bankruptcy’
““We have no risk of bankruptcy.”” That’s a quote from Brian Armstrong, chief executive and co-founder of cryptocurrency exchange platform Coinbase COIN, -5.54%. In a series of tweets on May Read more
Vince McMahon leaves WWE: 5 things to know about new CEO Stephanie McMahon
Meet the new Boss. Stephanie McMahon is taking over as World Wrestling Entertainment Inc.’s WWE chairman and CEO, after her father Vince McMahon stepped down amid an investigation into his Read more
Wells Fargo CEO Charles Scharf: ‘Real-estate values moderating in the long term are a good thing’ and believe it or not, gas prices have been edging down ahead of Fourth of July
Hi, MarketWatchers. Don’t miss these top stories. ‘Grant Bae was a scam’: FTC shuts down grant-writing service they say ripped off dozens of minority-owned businesses during the pandemic Regulators say Read more
Wells Fargo CEO Charles Scharf: ‘Real-estate values moderating in the long term are a good thing’
Mortgage rates have risen, slowing down activity in the housing sector. Wells Fargo — along with many other companies — is trimming staff, in response to the grimmer economic outlook. Read more
Opinion: Here’s how a company can really boost shareholder value and its growth rate — especially in a bear market
In bear markets, winnings tend to go to investors who focus on fundamentals, not fads, and who pick stocks based on traditional business principles rather than the latest experimentation in Read more