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Uber/Lyft

Uber Cuts Global Marketing Team by Almost a Third

By Ross Matican
· · Source: The New York Times

Uber laid off 400 employees on its marketing team as it looks to cut costs in the wake of its lackluster IPO, according to a report in the New York Times.  The layoffs will shrink Uber’s marketing division by nearly one-third. Uber’s post-IPO trajectory has been shaky: Its stock is trading below the IPO price, where it has languished for most of the company’s existence as a public company.  ...

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This week, Tom and Jessica broke the news that Quibi founder Jeffrey Katzenberg had told people the video startup might have to shut down and then—a day later—reported the shutdown officially.

I’m very proud of their excellent work, and I have to admit that I have a love-hate relationship with digital media startup stories. I am, after all, a digital media founder. And in ...

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Katzenberg May Shut Down Quibi as Options Run Short
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