SmileDirectClub’s shares dived to just above $10—less than half its $23 a share IPO price two months ago—after the company reported widening losses for the third quarter. SmileDirectClub’s revenue grew 50% to $180.2 million from last year’s third quarter but the company’s net loss ballooned to $387.6 million from $15 million in the year-ago quarter. This was SmileDirectClub’s first earnings...
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Another Software Shakeup: Confluent Chief Revenue Officer Departs
As software gets harder to sell, top sales leaders are increasingly getting replaced. Larry Shurtz, chief revenue officer at data analytics firm Confluent, is leaving about 18 months after joining from Salesforce, according to a person with direct knowledge. His departure follows similar removals of sales leaders at major enterprise software firms such as Salesforce, Google Cloud and Okta...
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Venture Firm NEA Raises $6.2 Billion
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