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IT services company Atos plans IBM-style split

CIO Business Intelligence

French multinational IT services company Atos is planning to split in two, much as IBM spun out its legacy-focused managed infrastructure services business to form Kyndryl in November 2021. IBM was still broadly profitable when it split, having made a net profit of $5.7 It’s a Hail Mary move for Atos. Legacy losses.

IBM 90
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New US CIO appointments, August 2023

CIO Business Intelligence

Jason Strle joins Discover as CIO Jason Strle, Discover Discover Discover Financial Services is a digital banking and payment services company that issues the Discover card and operates Discover Global Network, PULSE, and Diners Club International. Strle joins Discover from Wells Fargo and he held previous roles at JP Morgan Chase.

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Airbnb valued at $100 billion following blockbuster IPO — equivalent of more than five Expedias

GeekWire

billion — a mind-boggling figure that the newspaper said is greater than Marriott, Hyatt Hotels and Hilton Worldwide Holdings combined. It’s also valued at more than five Expedia Groups, the Seattle-based travel company that closed trading today valued at $18.4 Its net loss for the first nine months of this year was $2.2

Travel 100
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Airbnb lost millions in revenue due to the coronavirus, IPO filing reveals

The Verge

Under risk factors, the company said the pandemic “and the impact of actions to mitigate the Covid-19 pandemic have materially adversely impacted and will continue to materially adversely impact our business, results of operations, and financial condition.”. It went from a net loss of $70 million in 2017 to a net loss of $674.3

Travel 88
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Airbnb files for IPO with future of travel uncertain; Expedia Group listed as competitor in prospectus

GeekWire

The company’s IPO prospectus shows $2.5 billion in revenue through the first nine months of 2020, down 32% year-over-year, with a net loss of nearly $700 million, growing from $322 million in the year-ago period. The company did post net income of $219 million in the third quarter. The company has raised $6.4

Travel 127
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Expedia Group CEO says he’s ‘rooting for revenge travel’ as revenue sinks 44% in Q1

GeekWire

But at the same time, Kern, speaking on the Seattle company’s first quarter earnings call, pointed to rough patches in business travel, traditional lodging and international travel. Such is life as the CEO of a publicly-traded online travel company. Hotels are full. It’s just hard to tell where the market is headed.

Travel 109
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Rackspace’s CTO takes a broad view of sustainability

CIO Business Intelligence

Other board members include IT leaders from Morgan Stanley , Allstate, Telefónica Germany, and Campbell Soup Company. In April 2023, Koushik received one of the organization’s SustainableIT Impact Awards for environmental impact, alongside Choice Hotels’ CIO Brian Kirkland and others.