MindGeek, the parent company of Pornhub, has announced a name change to “Aylo” in an effort to rebrand and start anew under new ownership. The decision comes after MindGeek faced criticism for hosting objectionable content, including revenge porn, child exploitation, and sex trafficking. The choice of the name “Aylo” may seem puzzling, but the company …
Pornhub, the notorious adult website, is making moves to improve its reputation and appeal to a broader audience. The site’s new owners have appointed Alexzandra Kekesi, a longtime employee, as the head of community and brand. In this role, Kekesi will not only oversee the site’s creative direction but also play a part in shaping …
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, …
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 …
Cybersecurity firm Netcraft has received a substantial investment of $100 million from Spectrum Equity Management, a growth-investment firm, and has appointed Ryan Woodley as its new CEO. The company aims to expand its operations in the United States. Netcraft analyzes over 5 million threat reports and suspicious web addresses daily, utilizing automation to gather information …
It has always been a challenge to find an affordable hotel room in the Hamptons, and now it’s about to become even more difficult. According to financial and real estate sources, a group of wealthy investment firms are buying up the last remaining budget-friendly hotels in the East End, with plans to renovate them and …
Mass layoffs are currently occurring at Anaplan, a major business software company, following its acquisition by buyout firm Thoma Bravo in a $10.4 billion deal last year. Multiple insiders and posts on the corporate message board Blind indicate that hundreds of workers have been affected by the layoffs. Some employees have expressed frustration, blaming Thoma …
David Reynolds, an analyst at Davy Research, has characterized the accounting restatement as an “oversight,” expressing reservations about its impact on investor confidence. However, during Thursday’s results call, Mrs. Gustafsson confidently stated that Darktrace has a proven business model that generates cash and that today’s results exemplify the company’s strong performance. She also emphasized that …
Silicon Valley Bank’s recent collapse has reignited concerns about lending discrimination in the banking industry, especially when it comes to people of color. Venture capitalist Arlan Hamilton, who founded Backstage Capital, stepped in to help some of the startup founders of color who panicked about losing access to payroll funds. However, such options for those …