. The memo reviewed by Business Insider stated that without the additional funding from SoftBank, Zume had about $150 million on hand from its 2018 funding. Zume is pivoting its entire business to a product it acquired seven months agoannounced on Wednesday that 360 employees, more than 70% of its existing staff, would be laid off across its San Francisco, Seattle, and Mountain View offices
. One source said that the burn rate was cut in half after the layoffs, but declined to specify the exact amount.Another source with knowledge of the original SoftBank deal told Business Insider that the Japanese fund pushed hard for Zume to pursue "global domination," far beyond cofounder and CEO Alex Garden's ambition to unseat traditional pizza chains like Domino's.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Click bait
Thank you very much for your help
soft in the head bank
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Poshmark sellers made their side hustles 6 figure businesses - Business InsiderThe secondhand market will reach $51 billion by 2023. Here's how two entrepreneurs used the app, which may be the next generation eBay, to grow sales.
Source: BusinessInsider - 🏆 729. / 51 Read more »
UK abandons Trump as the US 'withdraw its leadership around the world' - Business InsiderDonald Trump's decision to assassinate Qassem Soleimani has triggered a major rupture between the US and its closest ally in the United Kingdom. Yes. The US must be punished. There was no advantage in killing General Suleimani. And know we know there was a second attack on an Iran General that failed. you all just want our money that makes sense... The US really shouldn't have elected this guy.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Next stock market crash: Investor euphoria hits financial crisis level - Business InsiderA gauge of stock-market euphoria is surging past the highs it reached before the 2008 financial crisis — and it's convinced one Wall Street bull that a meltdown is near Nooooo!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Ray Dalio says boosting productivity is key to reforming capitalism - Business InsiderBillionaire investor RayDalio says the US is 'about 5 years from a really bad situation' unless we reform capitalism. But he thinks we're not focused on the most important metric. RayDalio I trust this guy, a lot. RayDalio US's answer to every bad situation is war on Muslim countries RayDalio Nah! It's MORE Fed CASH!!!! 💰🚁
Source: BusinessInsider - 🏆 729. / 51 Read more »
The most popular new car in every state - Business InsiderPickup trucks dominate the list: the Ford F-150 appears 22 times, while Chevrolet Silverado 1500 appears nine times. Indonesia: toyota avanza 😁
Source: BusinessInsider - 🏆 729. / 51 Read more »