News 

The CEO of a Silicon Valley startup was quietly fired after allegedly spending over $75,000 at strip clubs and charging it to a company credit card

“All told, Gilmore allegedly expensed “at least $125,000 in entertainment charges,” discovered in May when Turvo’s chief financial officer reviewed company credit card expense reports, according to the filing” writes Paige Leskin for businessinsider.com. The cofounder of a Silicon Valley software startup was fired as CEO earlier this year after he allegedly used his company credit card to expense over $75,000 spent at strip clubs while entertaining clients. Source: businessinsider.com

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Dispensed: Sanofi’s new plan, UnitedHealth’s growing bet on medical care, and why Anthem isn’t getting into the primary care business

“Welcome to Dispensed, Business Insider’s weekly healthcare newsletter in which we have officially consumed enough holiday treats for a lifetime” writes Lydia Ramsey for businessinsider.com. Anthem’s CEO last week laid out why she’s not getting into the business and what she’d rather do.UnitedHealth isn’t the only one with the potential to upend healthcare, lest we forget the ambitions of big tech players. Source: businessinsider.com

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Costco’s CEO said it ‘left something on the table’ after the Thanksgiving website crash that prevented angry customers from shopping the sales

“Costco’s website crashed during one of the busiest shopping days of the year and it led to a flurry of complaints from customers on Twitter” writes Mary Hanbury for businessinsider.com. Galanti did not comment on what the website crash could have cost it in sales but said that “we did leave something on the table,” when questioned about the website outage by an analyst. Source: businessinsider.com

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Crypto Futures News Platforms 

Wall St. to Washington: Bakkt Launches New Products, CEO Joins Senate

“Earlier this week, institutional Bitcoin (BTC) futures platform Bakkt launched two new financial products: the first United States-regulated BTC options and cash-settled futures” writes Stephen O’neal for cointelegraph.com. In two weeks, the all-time high rose to 452 BTC futures contracts per day.Bakkt’s main feature is physically delivered BTC futures contracts, which the platform actively marketed ahead of launch.However, the offers of both Chicago exchanges are settled in cash, while the ICE-backed platform debuted physical one-day BTC futures contracts. Source: cointelegraph.com

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CEO of You and Mr. Jones, valued at $1.3 billion, explains how he chooses where to invest — and how his strategy differs from Sir Martin Sorrell’s

“David Jones saw the writing on the wall more than five years ago while serving as global CEO of ad agency holding company Havas” writes Patrick Coffee for businessinsider.com. Jones and Sir Martin Sorrell’s S4 Capital will take some of the holding companies’ lost market share.Playing on the challenges he experienced managing Havas, Jones told investors that holding companies couldn’t handle such a dramatic shift.Jones also invests in platforms like Pinterest, whose co-founder and CEO Ben Silberman said in a statement that Jones’ company has helped “introduce us to leading…

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The CEO of Cisco explains how its new plan to sell processors to companies like Facebook or Microsoft is helping it change its business model for the cloud computing era

“These are tech giants, such as Amazon, Microsoft and Facebook, that have been building massive data centers to power their networks” writes Benjamin Pimentel for businessinsider.com. The other was so-called multicloud, in which companies set up networks across different public clouds and on private data centers.This meant businesses could now scale down or even abandon private data centers, which was bad news for companies like Cisco.For Cisco, that pretty much meant selling hardware and software used by businesses to set up private data centers.But that decision fits into how Cisco…

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Markets News 

Bill.com surged 60% in its first day of trading. We talked to its CEO and a big backer about the fintech unicorn’s IPO and why it’s good to be boring post-WeWork.

“We like the idea that these are predictable businesses,” Jacobs said” writes Shannen Balogh for businessinsider.com. So you could be wasting your time if the market ends up being unreceptive to any business,” Jacobs said.The process of taking a private company public can take over a year, Jacobs said.Lacerte said the IPO would help Bill.com attract more customers through product development, sales, and marketing. Source: businessinsider.com

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Taco Bell’s ex-CEO pulled Chipotle out of its massive downwards spiral — and executives say it’s just the beginning of the chain’s comeback

“Even with digital sales up nearly 90%, executives say Chipotle’s digital transformation is still in its “early innings.”” writes Kate Taylor for businessinsider.com. In late September, Chipotle reported that digital sales grew 87.9% and made up 18.3% of sales in the most recent quarter.When looking at the future of Chipotle, digital continues to lead the way.Because different aspects of Chipotle’s digital business were built out together, linking back to the digital make line, they have begun feeding off of each other. Source: businessinsider.com

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GM’s former president is now running the self-driving-car company Cruise. He says it’s time to move past the automobile.

“But former GM President and now CEO of self-driving company Cruise says its time is over” writes Matthew Debord for businessinsider.com. Ammann went on to criticize the highly-touted, so-called disruptive alternatives to the automobile as, effectively, being more of the same.The company is now engaged in community outreach to prepare for a commercial rollout in the San Francisco Bay Area. Source: businessinsider.com

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