Former Apple retail boss Angela Ahrendts has been appointed as the senior operating adviser at SKKY Partners, the private equity firm founded by reality TV star and entrepreneur Kim Kardashian. SKKY Partners focuses on investments in consumer products, e-commerce, media, and entertainment, and was co-founded by Kardashian and ex-Carlyle executive Jay Sammons last year. Ahrendts, …
Google parent Alphabet has announced a significant reduction in its stake in Robinhood Markets, lowering its exposure to the trading app operator that has been facing challenges in its core business. Alphabet initially invested in Robinhood when it was still an unlisted startup and held over 4.9 million shares in the company by the end …
Robinhood, the commission-free investing app, is implementing its third round of layoffs in just over a year, reducing its full-time staff by approximately 7%. This reduction will impact around 150 workers across various departments, including customer experience, platform shared services, customer trust and safety, and safety and productivity. The layoffs are an effort to align …
SoftBank’s CEO, Masayoshi Son, recently revealed that he experienced a profound moment of introspection last year, leading him to shed tears over the realization that his dream of becoming an architect would never come to fruition. During the company’s annual meeting in Tokyo, Son shared his emotional journey with shareholders, confessing that the emptiness he …