Even with 11 million job openings, the U.S. has more than 1.3 million unemployed felons — here is why Companies increasingly claim they are open to hiring people with criminal records, but reality tells a different story. Tana Ganeva 10.3.21 8:29 PM Features
This week in Business Twitter: Paul Graham saves Amplitude, VC funding for female founders slips, and Udemy’s co-founder has a fake meat beef Paul Graham shares an email from the early days of Amplitude, which just went public on the Nasdaq. Meanwhile, VCs celebrate record returns for college endowments. Ivan De Luce 10.1.21 8:11 PM People
Why an OZY writer is standing up for journalists at Carlos Watson’s disgraced media firm Andy Hirschfeld, a freelance reporter who has also written for The Business of Business, says it’s “hurtful” and “offensive” for people to claim the outlet had “zero” readers. Christie Smythe 9.30.21 10:30 PM Outcasts
Udemy will be the latest edtech unicorn to go public in a rumored October IPO Online learning platform Udemy plans to go public next month, aiming for a valuation of between $6 billion and $8 billion for its IPO. Ivan De Luce 9.30.21 4:02 PM Markets
Remitly secures a foothold in the $700 billion global money transfer market with its $300 million IPO Mobile remittance company Remitly is positioned to be a substantial force in a market dominated by legacy players. Nina Roberts 9.29.21 8:37 PM Markets
Amplitude’s CEO is worth $450 million after a stellar opening day on the Nasdaq 33-year-old Spenser Skates co-founded the company after realizing that a feature he created was more valuable than the startup it was designed for. Now, Amplitude is worth $6.4 billion and Skates’ net worth jumped $450 million after a successful direct listing. Ivan De Luce 9.29.21 2:06 PM Markets