Digital banking company Chime has asked Goldman Sachs to help it prepare for an upcoming initial public offering that could be worth up to $40 billion, Reuters reported. The report stated that a spokesperson for Chime denied that Goldman Sachs was advising the company and that Goldman Sachs declined to comment. Chime’s CEO and co-founder Chris Britt told The Information early last year that...
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How Stitch Fix Fumbled a Make-or-Break Pivot
Stitch Fix planned to revive sales growth by turning its original strategy on its head. Inside the company, there were warning signs that the effort would struggle. The retailer, which is best known for sending customers five-piece boxes of clothes and accessories picked out by stylists, hoped to broaden its appeal by using algorithms to recommend items for people to buy directly online. But a...
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Twitter CEO Still Expects Musk Deal to Close
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