Hello CEO,

While you were busy growing your empire…

1. CEOs Join “Great Resignation”

CEOs are evidently just as susceptible to the pressures of the economy and they’re stepping down at record rates, according to this report. It found that 1,425 CEOs have stepped down so far, up 49% from last year. Tech ranked second to non-profits when looking at sectors… Read more here.

2. Treasury Yield Rattles Markets

The 10-year Treasury yield, which is commonly used as a benchmark for lending, ended the week around 4.9%. That’s getting very close to 5%, which hasn’t been seen since before mid-2007. In turn, that has shaken faith in the economy… Read more here.

3. How FTX Crumbled

Cryptocurrency exchange FTX’s founder is on trial, accused of stealing more than $8 billion from customers. The trial is revealing details of how it all came apart, including a single “frantic” week that led to what became one of the largest corporate collapses in recent history… Read more here.

4. Musk Confirms X Tiers

Elon Musk has said that X will soon be getting two new Premium subscription tiers. There are few details, but at least one tier will be ad-free. This comes as Musk tries to generate new revenue for the platform, which saw ad sales drop after he took over… Read more here.

5. Funding For Black Founders Drops

Black founders raised a mere 0.13% of all capital given to US startups in Q3 — just $39.7 million out of $29.9 billion. Worse is that this represents a large year-over-year drop. It points to bias in funding, even as overall funding is down… Read more here.

Produced by: @MarketingMax​

Thanks for being an important part of my journey 🙂