Hello! Apparently, rich company climbers have a brand new obsession: a $7,000 chair. The Herman Miller Eames lounge chair and accompanying ottoman have turn out to be the top of standing for a sure group of wealthy, younger American males.
Now, onto the remainder of this week’s prime tales.
But first: Making sense of an enormous week of first-quarter outcomes.
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This week’s dispatch
Big Tech takeaways
Tesla, Meta, Microsoft, and Alphabet reported earnings final week. Here are the takeaways in 60 seconds.
Tesla: Q1 outcomes had been worse than anticipated, with the corporate lacking each its revenue and income estimates. But plans for a robo-taxi service and a extra inexpensive mannequin acquired buyers excited for the long run. That’s an enormous guess that there are many drivers who need a Tesla however cannot afford one.
Meta: Wall Street might have proven Tesla leniency, however Meta did not get pleasure from the identical leeway. Despite reporting better-than-expected first-quarter earnings, weak steerage for the second quarter and outsized AI investments spooked buyers. Mark Zuckerberg preached persistence.
Microsoft: AI spend was additionally the secret at Microsoft. The tech large pledged to maintain investing within the tech as demand for its AI and cloud companies continued to rise.
Alphabet: Q1 outcomes blew previous expectations, notching a 15% year-over-year income bump. Alphabet additionally issued a $0.20 per share dividend — its first ever — becoming a member of its Big Tech friends like Microsoft, Apple, and Meta, within the dividend membership.
How to purchase a sports activities group
Thanks to a rush of billionaires seeking to purchase groups, funding banks up and down Wall Street are tripping over one another to work on sports activities offers.
With sports activities dealmaking on the rise, BI mapped out the highest funding bankers — from the bulge brackets to the boutiques — serving to steer these offers. The listing consists of prime banks like Goldman Sachs, in addition to smaller companies like The Raine Group.
Meet the highest sports activities bankers.
Also learn:
The cautionary story of Tulsa’s Queen of Airbnb
Post-pandemic, property supervisor Dani Widell promised buyers a simple windfall from what was alleged to be Tulsa’s Airbnb gold rush.
Instead, her Airbnb empire got here crashing down — and her topics had been left to choose up the items.
Where issues went incorrect.
PE agency. New Story has bought different native college chains, creating what it calls one of many largest special-education corporations within the US.
To some, non-public fairness’s enterprise mannequin seems antithetical to particular schooling. It’s an idea that has former employees, researchers, and US senators fearful.
How non-public fairness is reshaping particular schooling.
LinkedIn ghostwriting is booming
LinkedIn influencers are gaining popularity, with some amassing followings of tens of millions of individuals. The platform’s shift from uncool to in-demand has created a singular alternative for artful PR companies.
Some companies are providing executives — or “thought leaders” — ghostwriting and editorial companies. In some circumstances, PR professionals handle all points of an exec’s LinkedIn presence, from writing to analytics.
Inside the world of LinkedIn ghostwriting.
This week’s quote:
“I make it a point to visibly leave the office toward the end of the working day and to enforce strict rules around maximum working hours so that employees can enjoy work-life balance.”
— Finnish CEO Samu Hällfors on operating an organization within the happiest nation on earth.