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The The So, what did the stock market do today? Here are some of the top stories. What Did the Stock Market Do Today? Biden Railroaded the Railroads The railroad industry slipped as a whole today thanks to President Joe Biden and his administration. There are concerns emanating from the White House that the railroad industry is anticompetitive. The President seeks to correct that this week. Biden is expected to sign an executive order this week calling on regulators to pressure railroad companies, per the Wall Street Journal. The executive branch will tap the Surface Transportation Board in order to carry out some regulations. Biden cites anticompetitive pricing as creating a monopolistic market. ....
July 8, 2021 5:07 PM PDT Instacartâs hiring of Facebookâs Fidji Simo as CEO is a masterful stroke by the grocery delivery app, capping six months of executive hiring that has built out its management team ahead of an expected public debut later this year. It speaks well of Apoorva Mehta that he made way for Simo, a sign that he knows that building Instacart into a much bigger business will require expertise beyond his own. Itâs not often you see a CEO replacement like this in the absence of obvious problems. Many, if not most, of the high profile and recently public consumer-tech firms are still run by their foundersâIâm thinking of Snap, DoorDash, Pinterest, Roku, Airbnb, Lyft and Dropbox, to name a few. To assure Wall Street of their experience before an IPO, tech firms are more likely to bring in veteran CFOs or no. 2s, or to beef up their boards. ....
Instacart Taps Facebook's Simo as New CEO Ahead of Planned IPO bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Instacart names Facebook's Fidji Simo as CEO ahead of IPO latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.
Instacart's Top Executives, Including Its New CEO businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.