How Stitch Fix Fumbled a Make-or-Break Pivot Read Now

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Spotify CEO Apologizes to Staff as Joe Rogan Controversy Widens

Spotify CEO Daniel Ek has apologized to staff after past racist comments made by podcast host Joe Rogan were posted on social media, prompting the company to scrub scores of episodes from the audio platform. Ek sent an email to Spotify employees over the weekend after a musician posted a supercut to social media showing Rogan repeatedly using racist terms during past episodes of his podcast....

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How Stitch Fix Fumbled a Make-or-Break Pivot
Elizabeth Spaulding, CEO of Stitch Fix. Photo by Bloomberg.
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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GoPuff founders Yakir Gola, left, and Rafael Ilishayev. Photos by Getty, Bloomberg.
Exclusive Venture Capital Startups
Gopuff Founders’ Ambitions Falter as Startup Bleeds Cash
Delivery firm Gopuff emerged as one of the hits of the pandemic shutdowns, fetching a $15 billion valuation thanks to its network of couriers delivering snacks and convenience items like chips, Tylenol and laundry detergent.
IRL CEO and Co-founder Abraham Shafi. Art by Mike Sullivan
Exclusive Startups
SoftBank-Backed Messaging App IRL Says It Has 20 Million Users. Some Employees Have Doubts About That
IRL, a four year old social app, appears to be a fast-growing alternative to Facebook and messaging app Discord.
Campbell Brown. Photo by AP.
Exclusive Facebook
Meta Rethinks News Partnerships as Priorities Shift
Meta Platforms is considering reducing the money it gives news organizations as it reevaluates the partnerships it struck over the past few years, according to people familiar with the matter.
Photo by Bloomberg. Art by Clark Miller.
The 1:1
‘I Don’t Know How Steve Jobs Would Survive Today in This Environment’: Tony Fadell Has Opinions to Share and Scores to Settle
Within Silicon Valley power circles, being “on the beach” is a euphemism that covers a continuum of unemployment, from “retired rich” to “brief pause between high-powered jobs.” Tony Fadell has been metaphorically on the beach for six years, ever since leaving Google, which paid $3.2 billion for Nest Labs, the maker of smart thermostats he co-founded, in 2016.
Traders on the floor of the New York Stock Exchange. Photo by Bloomberg.
These Enterprise Software Firms Are Top Targets for Private Equity Takeovers
Big deals are on the way. The sharp drop in tech stocks over the past six months, making companies cheaper to buy, is likely to trigger an increase in merger activity, bankers say.
Chainalysis CEO Michael Gronager on Feb. 24, 2022. Photo: Bloomberg
Exclusive Crypto Venture Capital
Chainalysis Valued at $8.6 Billion in GIC-Led Investment
Chainalysis, a startup that sells services to detect and track crypto fraud, has raised a new round at an $8.6 billion valuation, including the investment, according to a person with direct knowledge of the matter.