Quibi’s founder Jeffrey Katzenberg appears to be a bit frustrated with how the launch has gone. While outwardly the company has stated that its short-form video product still makes sense in the shelter-in-place era, this report from the Wall Street Journal shows Katzenberg in a different light. In a meeting last week he reportedly expressed frustration at how challenging this period has been. A...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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