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3 mins read
Chamath Palihapitiya's 4 blockbuster SPAC mergers have tumbled 32% this year as investors ditch flashy growth stocks
Clover Health has plunged 76% in 2021, and Virgin Galactic is down 36%, in a tough year for billion…
Harry Robertson
9 mins read
Inside WeWork's troubled Lord & Taylor building: A tale of outsized ambition, audacious renovations, and now financial worries
But there was more: Rhone Capital agreed to invest $500 million into Hudson's Bay Company as part o…
Dakin Campbell,Meghan Morris
2 mins read
Michael Avenatti searched 'Nike put options' and 'insider trading' before allegedly trying to extort the sportswear giant
The internet searches took place less than two weeks before Avenatti was arrested and charged with …
Ben Winck
2 mins read
Apple sees $111 billion in market value erased on disappointing 4th-quarter iPhone sales and lack of forward guidance
Apple stopped short of providing official sales forecasts for the current quarter, leaving some to …
Ben Winck
3 mins read
Apple has a new biggest bull on Wall Street. Here's why he thinks the company will reach a $2 trillion market value.
Ives wasn't the only analyst to lift their Apple target price on Thursday. Rosenblatt Securities an…
Ben Winck
5 mins read
Tiger Global overtakes Sequoia as the top investor in Indian unicorns in 2021, cracks 15 deals this year so far
The Indian startup ecosystem is undoubtedly at its prime at the moment, with an undisrupted flo…
9 mins read
WeWork says it has a $3 trillion market opportunity and has only signed up 0.2% of its potential customers. Here's why real estate experts say those numbers don't add up.
But there's another problem with that number, the analysts said. WeWork makes clear that the $3 tri…
Troy Wolverton
5 mins read
Governor Chamath and venture capital's politics invasion
In this week's edition of Insider Tech we look at the growing ambitions of tech VCs, as well as an …
Alexei Oreskovic
2 mins read
10 things you need to know before the opening bell
The market's most outspoken bear sees recent turbulence fueling his forecast of a 60% stock drop - …
Jonathan Garber
22 mins read
WeWork's CEO explains why he thinks his $47 billion company is recession proof, and how he keeps his ego in check as a young billionaire
After our bond earnings, you will hear our April run rate of $3 billion and you will hear our commi…
Richard Feloni,Alyson Shontell
7 mins read
Buzzy insurtechs have raised $3 billion already this year thanks to their use of AI and big data. But the tech could eventually change how policies are written, pricing out the riskiest customers.
In the first half of 2019, VCs poured $2.9 billion into startups that are looking to put a tech spi…
Dan DeFrancesco
6 mins read
This is who Madison Avenue wants to replace Costolo as Twitter CEO
One source close to Twitter said that while Bain has been "widely viewed as the guy who has done th…
Lara O'Reilly
3 mins read
10 things you need to know before European markets open
Lenovo's parent company may float. Legend Holdings, parent of computer maker Lenovo, has won approv…
Mike Bird
7 mins read
The Uber strike should worry investors and the company because it points to a fundamental problem with its business model
Because Uber doesn't classify drivers as employees, the drivers are considered to be self-employed.…
Troy Wolverton
20 mins read
The Kabbalah Connection: Insiders say a celebrity-centered religious sect deeply influenced how Adam Neumann ran WeWork before its spectacular collapse
But a Business Insider investigation has found that Kabbalah was intimately intertwined not just wi…
Becky Peterson,Meghan Morris
25 mins read
Gary Vaynerchuk reveals how to become a social-media star, and why you should dump your 'loser' friends if you want to be successful
I had become increasingly aware that Vice and BuzzFeed and Vox were building creative shops and fel…
Alyson Shontell
74 mins read
FED BEIGE BOOK CONFIRMS RESTRAINED SALES GROWTH
Manufacturing and Related Services Manufacturing firms in the First District continue to paint a p…
Matthew Boesler
69 mins read
BEIGE BOOK: The US Economy Is Experiencing 'Modest Or Moderate' Growth
Business Spending Growth in business spending remained tepid in late November and December. Invent…
Matthew Boesler
91 mins read
The Truth About Marissa Mayer: An Unauthorized Biography
“As part of the narrative, I have included passages of dialogue. Dialogue— what words were said— is…