Richly Rewarded CEOs

Dwaiter Weekly

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June 3, 2021

1_TOP NEWS

Big Bucks for Palantir, DoorDash Leaders


Palantir Technologies and DoorDash, which went public in 2020, gave their CEOs two of the biggest compensation packages ever awarded to corporate leaders, the Wall Street Journal reports. Data-analysis company Palantir chief Alexander Karp received compensation valued at $1.1 billion last year, while DoorDash's Tony Xu got restricted shares initially valued at more than $400 million. Both companies are unprofitable.

2_STRATEGY

Shopping Site Etsy Drops $1.63 Billion on Depop


Why did Etsy decide to buy Depop for $1.63 billion? Think young, says Recode. Founded in 2011, Depop has become the secondhand marketplace for a new generation of social media users—some 90 percent of active Depop users are younger than 26, and the platform is supposed to be the 10th most-visited shopping site among Gen Z-ers in the U.S.

3_STARTUPS

The Rapid Rise of Confluent

Confluent got its start with a $6.9 million seed round in 2014. By the end of 2020, Protocol reports, it had raised $455 million and commanded a $4.5 billion valuation—and now it's preparing to go public. Founded by Apache Kafka creators Jay Kreps, Jun Rao and Neha Narkhede, Confluent empowers enterprises to better capture event data on a real-time basis.

4_CODE

Stack Overflow Acquired for $1.8 billion

Stack Overflow, a popular Q&A service for programmers, has been acquired by European investment firm Prosus, for a reported price tag of $1.8 billion, Axios reports. Stack Overflow's success at enabling expert developers to share tips and bits of working code built a community that has helped more advanced practitioners solve tough problems.

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5_CYBERCRIME

Hitting Consumers Where It Hurts


This week’s ransomware attack on the world’s biggest meat processing company, JBS, fed concerns about the potential for a spike in meat prices and food supply as a national security threat. Together with last month's hack of the Colonial Pipeline, which controls 45 percent of fuel in the Eastern U.S., such attacks show hackers are now targeting companies at key points in supply chains, with the potential to disrupt consumer markets, CNBC reports.

6_MARKETING

The Pivot in Location-Based Ads 


Mobile marketers seeking to reach Apple's customers—about 47 percent of the 247 million smartphone owners in the U.S.—are confronting the significant change to its privacy policy, which requires users' consent to be tracked. So far, Marketing Dive reports, only 6 percent of iPhone users nationwide have agreed to tracking. Marketers are turning to location-based contextual targeting.

7_DESIGN

Colors Matter for Mobile App Design

Next to app functionalities, the color scheme is the most important factor for effective UX and how well a mobile app performs, Renee Fleck writes on Dribbble. She has compiled a list of tips to help guide the selection of the right colors for mobile app design.

8_INTERNET

Are We Headed for a 'Great Offlining'?


We’ve just lived through the most online period in history. What comes next? Writing in The Atlantic, Kaitlyn Tiffany says it might be time to renegotiate our relationship with the internet.

9_INNOVATION

The Unseen World of Microfluidics


Most of us use microfluidics quite often but know little or nothing about this technology. As bioengineering professor Albert Folch explains on The Conversation, microfluidic systems are any device that process minuscule amounts of liquids. An example of microfluidics: inkjet printers shoot tiny ink droplets. This technology also makes personalized DNA tests possible. The potential applications are almost endless.

10_SAY WHAT?

But What About Fish Privacy?

Illinois researchers are preparing for another test run of a “FishL Recognition” scanner that could get Asian carp out of waterways while also helping native fish travel, Government Technology reports. Developed by Whooshh Innovations, the technology involves fish swimming up a 30-foot chute and sliding through a scanner that uses six cameras to take 18 shots for aquatic facial recognition.

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