Friday, Feb. 16th

5 Things You Need To Know Today

February 16, 2024

Happy Friday CEO!

These 5 things happened while you were growing your empire…

1. 📦 Wholesale Suffered From Inflation

Businesses are very much feeling the pinch of inflation, too. Wholesale inflation rose more than expected in January, to the tune of a 0.9% annual increase. Read more here.

🌎 How To Scale An Overseas Team Easily

Everyone wants to hire overseas talent to save costs and scale quicker but is afraid of the talent quality. What CEOs need is an on-demand low-cost way to get the best global talent onto their teams fast and easily.

The secret? It exists! Sagan Passport's talent placement subscription gives you access to 20,000+ of the highest caliber overseas talent at a fraction of the cost of US employees' salaries & a fraction of the cost of any other offshore talent recruitment services in the game.

2. 🤖 FTC Issued AI Warning

The FTC warned that it’s unfair and deceptive for companies to “quietly” change their ToS to allow user data to be used to train AI. They’d much prefer you be upfront with this sort of change. Read more here.

3. 🤑 OpenAI Has A New Valuation

And it’s very impressive. According to a just-in report, OpenAI completed a deal that values the company at $80 billion (at least!). Just last year a deal valued them at $29 billion, so it’s quite a jump. Read more here.

🛠️ Things Worth Checking Out

1 - Wanna squeeze more revenue out of your email list? The Newsletter team will write your weekly newsletter, grow its list full of your target customers, and use their secret sauce to convert subscribers into customers. See if you are a good fit here.

2 - Meet your new personal content machine = Vivaldi! They transform your thoughts, stories, & advice into written content for your Twitter & LinkedIn profiles via a 90-minute monthly interview, for one low flat monthly investment. Get started here.

4. 👟 Nike Announced Layoffs

Yet more layoffs from big companies. Nike will be laying off 2% of its employees, which translates to more than 1,500 jobs. It’s all part of a broader restructuring as it plans to make better use of its capital. Read more here.

5. 👾 Gaming Funding Looked Bright

Although VC funding for gaming startups is down from the pandemic, there’s optimism that things will return to normal this year. In fact, some think they’ll fare much better than other kinds of startups Read more here.

Bonus. CEO Tip Of The Day

Extroverts have a leg up at work, but you should make sure you’re not overlooking all those quiet introverts. Here’s how.

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