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Monday, January 24, 2022

Race to survive Omicron lockdown

Vlad Tenev of Robinhood: Few companies and CEOs like Robinhood and Tenve have disrupted Wall Street, especially in 2021. The first meme was the stock rally. Later, an IPO of about $32 billion, in which Robinhood sold a third of its shares directly to its customers through its app. Not everyone’s a fan: Tenev was memorably grilled by Congress, and in June, Robinhood was fined $70 million by FINRA—the largest fine imposed in the regulator’s history—over allegations that he scolded customers. and misled the authorities. Following its rocky IPO, the company’s shares have fallen to $18, or less than half of their offering price.

Meta’s Mark Zuckerberg: Zuckerberg transformed the social media giant this year in more ways than one — literally, when he changed its name from Facebook to “Metaverse,” the virtual world he calls the future of the Internet. He prompted Meta to be more aggressive in its response to the controversy, including a trove of leaked internal documents detailing how much the company knows about the harmful effects of its products, in spreading misinformation. Questions about its role that contributed to the January 6 Capitol riot. , and an antitrust lawsuit filed by the Federal Trade Commission.

Citigroup’s Jane Fraser: Fraser took over as the banking giant in March. It rocked its culture by establishing “Zoom-free Fridays” and promising that most employees would be able to work from home two days a week on a permanent basis. But Citi’s shares are still underperforming compared to its competitors, and much of Fraser’s huge turnaround job is still ahead.

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Epidemic Stock Leader: If normalcy returns by 2022, the companies whose CEOs have seen the most boost from the pandemic may be trying to figure out how to stay afloat. Shares of Peloton are down 61 percent in the past three months, while shares of Moderna and Zoom have fallen nearly 30 percent over the same period. head of the peloton, John Foley, the sales slowdown driven by Jim Reopening should be reversed. CEO of Zoom Eric Yuan, should give investors confidence that its core video-conferencing software can adapt to a new era of hybrid work. And while the spread of the Omicron version of the coronavirus could drive demand for boosters, Moderna’s leader, Stephen Bansela, must prove that their company has more than one viable vaccine.

New at work: Two Black Women Acquired Fortune 500 Companies: rosalind brewer In March Walgreens was chosen to run — and has moved the pharmacy chain into health care and away from retail. Tsunda Brown DuckettA top executive at JPMorgan Chase began leading finance giant TIAA in May. Andy Jassi Jeff Bezos was replaced as the head of Amazon in July, and he must now evade regulatory scrutiny over everything from antitrust to workplace safety. And Parag Agarwal, Joe, who became CEO of Twitter in November, must prove he can meet the social network’s ambitious growth goals.

Rvian’s RJ Scaringe: After nearly 10 years in stealth mode and one of this year’s biggest IPOs, scarring automaker Electric Trucks for Electric Trucks is under pressure to deliver on its promise to do what Tesla does for electric cars. Despite selling just 386 vehicles as of last week, Rivian’s market cap is now larger than that of Ford (an investor) and on par with General Motors. Scaring has big expansion plans next year, including dismantling a $5 billion factory in Georgia and building 100,000 delivery vehicles for Amazon, another investor.

World Nation News Deskhttps://www.worldnationnews.com
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