Elon Musk has become Twitter’s largest individual shareholder after the Tesla and SpaceX CEO took a 9.2% stake in the social media company. The stake disclosed in filings released on Monday morning was worth $3 billion. The disclosure then sent Twitter’s share price surging more than 20%. What Musk intends to do with the position remains a mystery, but the entrepreneur has spent recent...
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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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