Tag Archives: Shake

(Bloomberg) — Grocery delivery giant Instacart Inc. has hired another Facebook Inc. veteran as it shakes up its executive ranks and adds more women to its C-suite ahead of a highly anticipated initial public offering. Carolyn Everson, 49, will serve as president and oversee a wide range of Instacart’s operations including retail, advertising, business development, human resources, legal and partnerships, the company said in a statement. She will begin her new role on Sept. 7. Everson, who… Source link

(Bloomberg) — Gabe Plotkin’s Melvin Capital Management ended the first half of 2021 down 46% as the hedge fund struggled to bounce back from a vicious attack by Reddit traders on its short positions. The firm, which plunged in January as its bearish bets on companies including GameStop Corp. and AMC Entertainment Holdings Inc. were besieged by a retail-driven buying spree, was up about 1% in June, according to people familiar with the matter. Melvin now calculates its loss in the first… Source link