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Lululemon is buying exercise hardware startup Mirror for half a billion dollars

The Verge

Lululemon, the company behind trendy fitness apparel, is getting into the hardware business with Mirror. The fitness lifestyle company announced on Monday it would spend $500 million to acquire the startup, which sells a $1,495 reflective display so subscribers can exercise while simultaneously streaming workouts and watching themselves.

Exercises 107
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A “Powerful” Board: How to Exercise “Supervisory” Power Effectively

Future of CIO

A “powerful” board can exercise supervisory power and co-determine of which powers are retained by the governing body and which are delegated to management, along with constraints that may apply. The “sovereign” power: Generally, the shareholders of the company exercise this third power. Follow us at: @Pearl_Zhu.

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Smartsheet CEO Mark Mader on AI, hiring, and the new realities of tech spending

GeekWire

Smartsheet CEO Mark Mader at the company’s ENGAGE customer conference in September 2023. Smartsheet Photo) Business software company Smartsheet surpassed $1 billion in annualized recurring revenue in the fourth quarter, within the timeframe established by the company during its first analyst day as a public company in 2018.

Adobe 116
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‘This company was invented for the pandemic’ — Scott Galloway on Amazon in a ‘Post Corona’ world

GeekWire

.” “Amazon knows a great deal about its best customers: what do they eat, do they buy exercise equipment or video games, do they have children, and are they in a relationship,” Galloway writes in the book. So where does that leave us? That’s literally a decade of acceleration in eight weeks. Decade of growth.

Company 133
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How this startup CEO adapted to the pandemic, economic downturn and his own fatigue

GeekWire

Since launching his company in August 2018, Kumar had faced one challenge after another: the pandemic, an economic slowdown, and eventually his own fatigue. He later got a job at Beechcraft, a civil aviation and military aircraft company in Wichita, Kan., “I always felt a safety net with her there. where Kumar was born.

CTO Hire 122
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Elon Musk says he has moved to Texas, calls California overly ‘complacent’

The Verge

Musk argued that Silicon Valley, home to some of the largest and most influential companies in the world, was declining in relevance. It’s not just about being closer to his companies’ various projects in Texas. His net worth now sits at around $128 billion, after increasing by $100 billion this year.

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ESG rules and emission cuts in the telecom sector

Dataconomy

With growing awareness of climate change and rising stakeholder expectations, telecom companies are adopting more ambitious emissions reduction targets and implementing comprehensive ESG strategies. In a recent study by Melita , it was made clear that ESG is no longer just a tick-box exercise.

Energy 77