On The Money has learned that Dick Cashin, the head of One Equity Partners (OEP), is not only dealing with a Securities and Exchange Commission (SEC) investigation but also facing a lawsuit from a recently fired executive at the buyout firm. In an article by the WSJ, it was reported that OEP, which was previously …
If you think your chances of creating the next big social media app are slim, don’t lose hope – your idea still has a decent shot at attracting venture capital investors. Retro, a new app focused on connecting users with their family and closest friends, has secured funding from Josh Kushner’s Thrive Capital, along with …
Twitter CEO Linda Yaccarino is on the verge of unveiling innovative safety features to address advertisers’ concerns regarding hate speech. Despite her efforts, her boss Elon Musk’s actions have made the situation challenging. Sources reveal that these new features have been Yaccarino’s primary focus since her unexpected transition from NBCUniversal to Twitter. The advanced controls, …
Federal Trade Commission Chair Lina Khan, who recently faced a setback in her attempt to block Microsoft’s acquisition of Activision, is now facing a grilling on Capitol Hill. Members of the House Oversight Committee, namely Jim Jordan and Nancy Mace, are leading a panel that will question Khan on a range of issues, including alleged …
The CEO of Goldman Sachs, David Solomon, is facing difficulties in his role, and recent reports of a new addition to the bank’s board have created speculation. According to Bloomberg, Tom Montag, a controversial banker and former executive at Bank of America, has been chosen by Solomon to join the board. However, the move raises …
Amazon is strategically hiring former Federal Trade Commission (FTC) officials in preparation for an anticipated antitrust battle with the agency. According to sources, Amazon has already recruited around a dozen former FTC officials. This move is seen as a way for Amazon to gain valuable intelligence on its opponent and gather insights into the inner …
Lululemon, the well-known athletic apparel company, is struggling to find a buyer for its fitness product, Mirror. Despite slashing the device’s value by nearly 90%, the company has yet to attract any interested buyers, according to insiders familiar with the situation. Last year, at the height of the pandemic-induced exercise craze, Lululemon purchased Mirror for …
Bankers are celebrating Cava as the catalyst for a new bull market, and they believe it has the potential to push companies towards going public. “This was a highly anticipated day on Wall Street, marking the end of the IPO freeze,” stated Dan Ives, managing director at Wedbush Securities. “It’s the IPO that made headlines …