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iShares Biotechnology Fund Spike Continues Rally, Nears Critical Resistance Level

The iShares Nasdaq Biotechnology ETF (NASDAQ:IBB) is making a big move higher, but there’s a chance that the rally is about to end. The shares have reached a level that has been resistance before.

The reason for today’s move? Biogen’s (NASDAQ:BIIB) biologic license application for aducanumab, its investigational Alzheimer’s treatment, received FDA approval under the accelerated approval pathway.

In March and again in April, IBB rallied up to the $158 level. Both times it ran into a wall of sellers and a downtrend followed.

Now IBB has reached this important level once again and as for now, the sellers still seem to be out there. If the resistance doesn’t break in the next few days, there’s a chance it heads lower for a third time.

See Also: Biogen Gets FDA Nod For Controversial Alzheimer’s Drug; First Treatment Approval For The Disease In 18 Years

Shares of DKNY parent soars as more people buy back-to-work duds

Shares of Donna Karan brand owner G-III Apparel soared by more than 12 percent on Monday after chief executive Morris Goldfarb said sales of work attire and dresses are getting stronger “with each passing week.”

Investors sent the stock up by more than $35 a share early on Monday following Goldfarb’s bullish comments in conjunction with G-III’s fiscal first quarter earnings report.

“We believe these trends provide a good indication for the remainder of the year and give us confidence that we and our industry are well on our way to recovery,” Goldfarb said in a statement. “We are well positioned to capitalize on consumer demand as the year progresses and are optimistic about this fiscal year.” 

Other apparel companies have also noted the trend away from casual apparel that dominated the pandemic. As far back as February, retailers noticed consumers starting to branching out again by buying dresses, button-down shirts and other going-out clothing .

G-III Apparel posted strong growth of back-to-worth clothing SOPA Images/LightRocket via Gett

G-III’s sales grew by 28 percent to $520 million in the quarter ended April 30 while net income was $26.3 compared with a $39.2 million loss a year ago, the company reported. 

For the full fiscal year, G-III is anticipating revenues of about $2.57 billion, compared with $2.06 billion in 2020. 

G-III bought DKNY and Donna Karan from LVMH in 2016. Known for her “seven easy pieces” for working women, Karan stepped away from her eponymous, 37-year-old brand a number of years ago, but it remains popular and is sold in Nordstrom, Bloomingdales, Saks Fifth Avenue and other retailers.

Donna Karan is no longer involved in her fashion brandGetty Images

G-III also holds licenses for Calvin Klein and Karl Lagerfeld, Kenneth Cole, Vince Camuto, Tommy Hilfiger and other designers.

“As the world reopens, we are in a strong financial position, which we believe will allow us to fund our growth domestically and internationally and enable us to take advantage of opportunities that arise,” Goldfarb said in a statement.

Mark Cuban-backed banking app Dave going public in $4B deal

The Mark Cuban-backed banking app Dave is going public via a blank-check company deal that values the company at $4 billion.

The online banking platform known for its “banking for humans” catchphrase was created in 2017 to help consumers avoid overdraft fees from traditional banks. Dave claims it has saved its 10 million customers an estimated $1 billion since its launch.

The planned stock listing comes as the banking industry battles the launch of new consumer-friendly services as the pandemic accelerates the shift to online banking. A consortium of banks including JPMorgan, for example, recently announced plans to extend credit to disadvantaged groups.

Dave has put its stake in the ground around the thorny issue of overdraft fees, which Sen. Elizabeth Warren (D-Mass.) made a hot topic during a recent hearing with bank CEOs, claiming they would rather profit off customers during a global pandemic than give them a helping hand.

The app will go public through a merger with investment firm Victory Park Capital, a special acquisition company (SPAC).

The deal includes a $210 million investment from a series of financial firms led by Tiger Global Management. Other notable Dave investors include Wellington Management and Corbin Capital Partners, Capital One, and the Kraft Group.

The Mark Cuban-backed banking app Dave is set to go public in a $4 billion SPAC merger.Dave

Dave’s merger with VPC Impact Acquisition Holdings III Inc (VPCC.N) will close later this year; the stock was largely flat following the announcement.

The deal comes as SPACs come under fire for being risky and speculative investments. But Dave’s executives say they are confident they can overcome any hurdles.

“This transaction and continued support from our longstanding investors signify confidence in our strategy, vision and the significant growth opportunities ahead,” Dave CEO Jason Wilk said in a statement.

Xello Named SIIA Education Technology 2021 CODiE Award Finalist for Best College & Career Readiness Solution

The college and career readiness program earns prestigious industry recognitionTORONTO, June 7, 2021 /PRNewswire/ – Xello, the award-winning K-12 college, career and future readiness program, was recognized as a 2021 SIIA CODiE Award finalist in the Best College & Career Readiness Solution category. The CODiE Awards recognizes the very best software education products in achieving excellence and innovation through the only peer-recognized program in the education technology industry. Through the Xello platform, students in grades K-12 can build self-knowledge and explore options beyond high school. Using interest-based assessments, they are matched with careers that best reflect their interests, while educators have visibility into monitoring student progress and college application workflows. Built-in curriculum and reflective activities help students build social-emotional skills and knowledge that future employers value.”We’re honored to be a CODiE Award Finalist in this category that is so critical for students’ success,” said Matt McQuillen, CEO and founder, Xello. “Choosing your life’s work doesn’t happen overnight, and it can sometimes be a difficult process for young people. Embedding career exploration into lessons starting in elementary school gives students a stronger sense of purpose, confidence in their strengths, and a clear pathway toward a meaningful career they are excited about.”

Acknowledged as the premier awards program for the software and information industries for over 35 years, the SIIA CODiE Awards are produced by the Software & Information Industry Association (SIIA), the principal trade association for the software, education, media, financial information and digital content industries. “The CODiE Awards recognize the most exciting and transformative products in Ed Tech,” said Jeff Joseph, SIIA President. “This year, these leaders helped our nation respond to the historic pandemic, enabling learners, educators, administrators and parents to remain connected to each other and to critical educational resources via an array of innovative services and platforms. Congratulations to this year’s finalists for demonstrating the vitality, resilience and importance of this important industry.”Educators and administrators serve as judges and conduct the first-round review of all education nominees for the SIIA CODiE Awards. Their scores determine the SIIA CODiE Award finalists which accounts for 80 percent of the overall score. SIIA members then vote on the finalist products and the scores from both rounds are tabulated to select the winners. About XelloXello is an online K-12 college, career and future readiness program that helps students achieve a deeper understanding of themselves, explore pathways, and plan for the future. Using Xello’s discovery-based model, students build knowledge, essential real-world skills, and individual confidence to prepare for the rapidly evolving world of post-secondary academics and career environment. More than nine million students and educators today leverage Xello tools to transform aspirations into action. To learn more about Xello and its proprietary Work-Based Learning Module, visit: https://www.xello.world.About the SIIA CODiE™ AwardsThe SIIA CODiE Awards is the only peer-reviewed program to showcase business and education technology’s finest products and services. Since 1986, thousands of products, services and solutions have been recognized for achieving excellence. For more information, visit siia.net/CODiE.

About Software and Information Industry Association (SIIA)SIIA is the only professional organization connecting more than 700 data, financial information, education technology, specialized content and publishing, and health technology companies. Our diverse members manage the global financial markets, develop software that solves today’s challenges through technology, provide critical information that helps inform global businesses large and small, and innovate for better health care and personal wellness outcomes. View original content to download multimedia:https://www.prnewswire.com/news-releases/xello-named-siia-education-technology-2021-codie-award-finalist-for-best-college–career-readiness-solution-301306880.htmlSOURCE Xello Inc.

Nigeria blocks Twitter after it deleted president’s post

Twitter has been banned in Nigeria after it deleted a post by the country’s president — and the government announced the decision on Twitter.

Twitter has been “suspended indefinitely” in the country, the Nigerian Federal Ministry of Information and Culture wrote in a Friday Twitter thread, citing “persistent use of the platform for activities that are capable of undermining Nigeria’s corporate existence.” 

The ban comes after Twitter deleted a Tuesday post by Nigerian President Muhammadu Buhari in which he said he would treat “those misbehaving today” in “the language they understand” — interpreted as a threat of violence against a secessionist movement in the country. Twitter said the tweet violated its “abusive behavior” policy.

Residents of Africa’s most populous country who try to use virtual private networks — or VPNs — to get around the ban will be prosecuted, CNN reported. 

In response, Twitter said that it was “deeply concerned by the blocking of Twitter in Nigeria” and pledged to “restore access for all those in Nigeria who rely on Twitter.” 

Nigeria’s decision to ban Twitter comes just two months after the company said in April that it would open its first Africa office in Ghana. AP

The spat comes just two months after Twitter said in April that it would open its first Africa office in Ghana. 

Amnesty International condemned the ban, calling on the Nigerian government to “reverse the unlawful suspension and other plans to gag the media, repress the civic space, and undermine Nigerians’ human rights.”

While Buhari’s individual tweet in question was deleted, the president’s account with 4.1 million followers remained online as of Monday morning. 

Buhari’s full deleted tweet read: “Many of those misbehaving today are too young to be aware of the destruction and loss of lives that occurred during the Nigerian Civil War. Those of us in the fields for 30 months, who went through the war, will treat them in the language they understand.”

Buhari served in the 1967-1970 Nigerian Civil War, which killed an estimated one million people. In recent months, his government has accused secessionist groups of attacking police and government buildings. 

The Rolling Stones, Tom Jones and Yoko Ono urge UK to change music streaming laws

In this articleGOOGLAMZNAAPLSPOTMauricio Santana | WireImage | Getty ImagesLONDON — Some of the biggest names in the music industry have called on the U.K. government to change the way musicians get paid when their songs are streamed online over platforms like Spotify and Apple Music.The Rolling Stones and Tom Jones are among 75 artists who have added their names to a letter to Prime Minister Boris Johnson, urging him to change the law regarding the royalties paid from streaming.Other new signatories include Pet Shop Boys, Yoko Ono, Van Morrison, Barry Gibb, Emeli Sandé and Jarvis Cocker. The total number of signatures now stands at 227. “Streaming is quickly replacing radio as our main means of music communication. However, the law has not kept up with the pace of technological change and, as a result, performers and songwriters do not enjoy the same protections as they do in radio,” the letter reads.”Today’s musicians receive very little income from their performances — most featured artists receive tiny fractions of a U.S. cent per stream and session musicians receive nothing at all.”The campaigners — led by the Musicians’ Union, Music Producers Guild, Ivors Academy and the #BrokenRecord initiative — argue that songwriters are struggling as a result of the “extraordinary power” being wielded by multinational corporations.The tech giants that operate and make billions of pounds in revenue from the streaming platforms currently dictate how much artists and their record labels get paid when their users stream songs.But the campaigners want the U.K. government to amend the 1988 Copyright Act so that streaming services pay artists roughly the same as radio stations do. They’re basically asking for a clause in the act to be rewritten so that equitable remuneration — a figure that is owed to artists whenever a sound recording of their performance is broadcast to the public — would apply to streaming.”Songwriters earn 50% of radio revenues, but only 15% in streaming,” the letter reads. “We believe that in a truly free market the song will achieve greater value.”Coldplay’s Chris Martin, Paloma Faith, Jessie Ware, Boy George, Bob Geldof, Kate Nash and Noel Gallagher have also signed the letter.The U.K.’s Department of Culture, Media and Sport has been investigating how music streaming revenues are distributed and whether this is done in a fair manner. Mercury Prize nominee Nadine Shah said she was forced to move back in with her parents because she couldn’t support herself financially on the money she made from streaming.Apple, Amazon, Google and Spotify did not immediately respond to CNBC’s request for comment.

StockX Power Players: Meet the 26 execs – including recent hires from Amazon, eBay, and Yahoo – leading the resale marketplace as it eyes an IPO

2020 was a record-breaking year for StockX, a resale site for sneakers, streetwear, collectibles, and electronics.The company broke even in the third quarter of 2020 and more than doubled its sellers outside the US for the year.In the past five years, StockX has solidified itself as a leader in sneaker reselling, along with rivals like GOAT and eBay. Sources close to StockX previously told Insider that an initial public offering could be in the works as soon as this year.As StockX soars to that IPO, Insider highlighted the 26 key leaders and executives driving growth across sectors of the business including operations, supply chain, communications, finance, and product.”Having strong leaders across your organization is critical, especially during key growth phases in a company’s life cycle,” CEO Scott Cutler told Insider via email.According to Cutler, who joined the company in 2019 from eBay, StockX looks to hire people with experience at high-growth companies who are self-starters. Many of the leaders represented on the list came to StockX after working at companies such as eBay, Amazon, and Yahoo.”Our vision for the company is to be the leading global marketplace for consumers of current culture,” Cutler said. “Right now we’re heads down on executing against that vision and remain focused on global expansion, category diversification, and continued technology and innovation – all in the pursuit of creating an unparalleled experience for our customers around the world.”Here are the 26 leaders pushing StockX to new heights as the platform continues to be a dominant force in the resale space.
Scott Cutler, CEO

StockX

Scott Cutler joined StockX as CEO in 2019, coming off a nearly two-year stint as the senior vice president of the Americas at eBay. Before that, he held roles at StubHub and the New York Stock Exchange, where he helped spearhead IPOs for companies like LinkedIn, Twitter, and Alibaba.What accomplishments are you most proud of from your time at StockX in the last year?Throughout this past year, our No. 1 priority was to keep our team members healthy and safe — which required us to change the way we worked. Despite these shifts, StockX remained open, stable, and strong and is poised for continued growth in 2021 and beyond.What areas of growth at the company excite you the most?Our areas of focus remain international expansion, category diversification, and product innovation. We have incredible momentum right now, and I look forward to executing and continuing our work to grow and diversify the StockX platform and serve our customers around the world.
Greg Schwartz, chief operating officer and cofounder

StockX

Greg Schwartz oversees product and business-intelligence functions and leads StockX’s business in Europe and Asia. Schwartz previously cofounded and served as CEO at UpTo and held roles at Warner Music Group and Deutsche Bank.What accomplishments are you most proud of from your time at StockX in the last year?Over the past year, I’m most proud of the work we did as a team to stay open, stable, and strong in our authentication centers and beyond. This required resilience, care, and a cross-functional effort that included daily stand-ups where we focused on health and safety as our top priority, and reworking the way we operated our authentication centers to best protect our team.What areas of growth at the company excite you the most?Young people are altering the way we think about investing and building wealth, and StockX is at the forefront. Through emerging asset classes like sneakers, trading cards, and NFTs, it’s exciting to watch this space flourish. As a company rooted in stock-market mechanics, we are eager to watch this pivot in consumer mindset.
John Kaelle, chief financial officer

StockX

John Kaelle has three decades’ worth of experience in finance; he’s held roles at Seal Software, Mesosphere (now D2iQ), Marin Software, and Shutterfly, the latter two of which he helped lead through multimillion-dollar IPOs. Kaelle joined StockX in 2019.What accomplishments are you most proud of from your time at StockX in the last year?I’m thrilled to be leading the growth and development of the high-functioning finance function at StockX. Just this last year, the results of our growth are shown in our Series E and E-1 fundraising efforts, valuing the company at $3.8 billion. These funding rounds allowed us to further grow the StockX product catalog and global footprint, resulting in over $400 million of GAAP revenue in 2020.What areas of growth at the company excite you the most?With the sheer velocity of our growth, this is an exciting time to be at StockX. In our major launch in Australia, we are already seeing the impact of the past year’s funding rounds. I’m looking forward to seeing the additional results as we continue to zero in on expansion and innovation.
Deena Bahri, chief marketing officer

StockX

As StockX’s first chief marketing officer, Deena Bahri helps the platform find new ways to connect with consumers through brand partnerships, events, and product launches. Bahri was formerly the CMO of Birchbox, Juicero, and the personal-genomics company Helix. She also held other marketing roles at Gilt Groupe, The Ladders, and Reebok.What accomplishments are you most proud of from your time at StockX in the last year?This last year, the marketing team drove record growth in active buyers and sellers, reflecting not only incredible new customer acquisition but the loyalty that our existing customer community has to StockX. During this period of uncertainty, my team was laser-focused on creating a standout customer experience by creating culturally relevant initiatives.(Bahri highlighted initiatives like StockX’s partnership with the NBA G League Team Ignite for digital activations like StockX Excursions and Visiting Voices, a platform for underrepresented designers, writers, and artists.)What areas of growth at the company excite you the most?Just last month, we refreshed our logo and overall brand identity. I’m incredibly excited to take that forward and continue to weave the new look and feel into global brand-building initiatives both on and offline. I’m also incredibly excited about the work we’re doing to continuously improve the customer experience for the millions of buyers and sellers that make up our global community.
Vishnu Patankar, chief technology officer

StockX

Vishnu Patankar previously served as the chief technology officer of goods and travel at Groupon and held roles at Microsoft, Intel, and Amazon, where he helped launch Amazon Rentals.What accomplishments are you most proud of from your time at StockX in the last year?The engineering team launched critical platform updates that helped StockX achieve record-breaking sales and run successful holiday campaigns including Cyber Weekend in November and holiday in December. I’m also incredibly proud of the work we’ve done this year in growing and diversifying our team of technology professionals with an emphasis on increased representation of both female engineers and candidates of color.What areas of growth at the company excite you the most?As StockX expands and progresses, so does the disruptive technology behind the platform. With additional languages, payment methods, or products, there are unique problems to solve, and I’m looking forward to leading the team to deliver on our technology vision.
Paul Guerra, chief information-security officer

StockX

Paul Guerra, who joined StockX in March, focuses on the safety and security of StockX’s platform. He previously worked at Rackspace and Yahoo, where he was hired to rebuild the company’s security program in 2017 after a major breach.What accomplishments are you most proud of from your time at StockX in the last year?Although I’ve only been with StockX for a few months, I’ve worked hard since day one to mature the information-security team to better protect our customers, our data, and our team members. We’ve already increased hiring threefold and are committed to bringing in seasoned leaders as we work to build out the most mature and robust security program.What areas of growth at the company excite you the most?StockX is always looking to explore new categories as consumer mindsets and interests shift. Determining and mapping how to properly secure and protect emerging solutions is an exciting opportunity not every security team is afforded.
Sean McCartney, chief supply-chain officer

StockX

Sean McCartney oversees the company’s 10 authentication centers across three continents in a network that serves customers in more than 200 countries and territories. McCartney previously worked in operations roles at Radial, Chico’s, and Home Depot.What accomplishments are you most proud of from your time at StockX in the last year?I’m very proud of the culture we’ve cultivated amongst our employees and the connection we’ve fostered even while working remotely. With this determination, StockX was able to improve the customer experience, grow globally, and open new locations throughout this unpredictable year.What areas of growth at the company excite you the most?My team and I are doubling down on product innovation and doing so by creating a tech-enabled supply chain. As StockX services users in over 200 countries and territories, it’s important for us to continue to improve and innovate when building out our robust international supply chain.
Terra Carmichael, chief communications officer

StockX

Terra Carmichael joined StockX in 2019 as the company’s first chief communications officer. She arrived from Eventbrite, where she served as the vice president of global corporate communications and oversaw the company’s IPO in 2018.What accomplishments are you most proud of from your time at StockX in the last year?Expanding the impact of corporate communications at StockX — both internally and externally — has been such a great opportunity. For example, building an internal comms function has been so transformative in terms of team-member alignment and engagement — especially through a pandemic. One of the initiatives that came out of that program was crowdsourcing and cementing our company values, which serve as a great anchor and north star in terms of how we work.What areas of growth at the company excite you the most?As the company broadens our catalog and grows into more mainstream, we have significantly opened the aperture on narrative development to amplify our awareness and build a reputation among new audiences (investors, partners, customers, etc.)
Shervin Moghaddam, vice president of product strategy

StockX

Shervin Moghaddam manages a team of analysts who use data insights to determine which tools to implement on StockX’s platform. He previously worked as the global lead for shopping experience at eBay, where he helped grow site inventory by more than 10 times.What accomplishments are you most proud of from your time at StockX in the last year?This past year was big for StockX’s expansion into electronics. We spotted an opportunity with gaming consoles and saw record-breaking numbers following the release of the PS5 and Xbox Series X. Additionally, we were able to significantly improve our transportation and authentication processes using data and AI to help us deliver a better, more trusted experience for our customers.What areas of growth at the company excite you the most?By marrying authentication and the global bid/ask trading model, StockX has created such an efficient marketplace, and adding more geographies makes our model that much more effective. It’s also exciting to see us take these pieces and apply them to new categories of products and even extend into digital products at some point.
Andy Lisk, vice president of customer service

StockX

Andy Lisk leads a team that assists StockX users through their transactions. He joined StockX in March 2020 after holding positions at eBay and Wells Fargo. At eBay, Lisk created a concierge service to improve customer-service scores across the platform globally. Over the past year, his team at StockX has increased the platform’s customer-service score by almost 10%, he said.What accomplishments are you most proud of from your time at StockX in the last year?Throughout StockX’s global customer-service network, I’ve worked to instill a “service”-culture mindset, and this approach has been a key driver in better servicing our users. As an entirely user-driven platform, every customer matters to StockX, and we continue to look for ways we can improve.What areas of growth at the company excite you the most?Most recently, I’m excited about our focus on growing internationally. When we land in new markets, we provide opportunities for buyers and sellers across the world and afford more access to current culture. On my team, I am excited about how we can continue to transform the customer experience so that StockX users are supported and remain loyal to the platform.
Chris Kirby, vice president of engineering, North America

StockX

Chris Kirby leads a team of back-end engineers across North America. He held roles at Red Ventures, Authenticom, and RyanTech Cloud Services before joining StockX in March 2020.What accomplishments are you most proud of from your time at StockX in the last year?One of the reasons I joined StockX is that our one-of-a-kind platform offers interesting technical obstacles that are exciting to tackle. I drove the discovery, design, and implementation of a new organizational structure that allows us to solve challenges faster. From this transition, our new service and platform teams delivered the highest performance in StockX history throughout our record-breaking 2020 holiday season.What areas of growth at the company excite you the most?At StockX, we have a great community that drives the brand. I’m the most excited about expanding our brand and community into the digital space, offering new and exciting investment opportunities for our customers.
Derrick Register, vice president of operations

StockX

Derrick Register, who joined StockX in 2019, leads operations for all authenticators across StockX’s 10 authentication centers. He previously worked at Coca-Cola as the vice president of supply chain, the vice president of manufacturing, the director of manufacturing, and the general manager for the US.What accomplishments are you most proud of from your time at StockX in the last year?I’m beyond pleased with the performance of our authenticators and operations employees during such a difficult year. The teams truly prioritized the health of our essential employees and were committed to their safety. A major accomplishment for us was to see 20% of our team members get promoted to various areas in operations as a result of the hard work through the pandemic.What areas of growth at the company excite you the most?When we place our boots on the ground internationally, we get the luxury of recruiting new talent and gaining diverse ideation all working towards one goal and one team.
Jacob Fenton, vice president of customer experience

StockX

Jacob Fenton works with product-marketing and customer-experience teams to connect with StockX buyers, sellers, and partnering brands. Fenton previously held roles at GoFundMe and Amazon, where he helped launch products like Kindle Fire tablets, the Dash Replenishment program, and the Dash Button.What accomplishments are you most proud of from your time at StockX in the last year?Launching a robust customer-experience-management platform to support our rapidly growing global business is the one thing I’m most proud of. As a result, this has helped to not only ensure business continuity but also to raise the bar on the customer experience for all customers during this past year.What areas of growth at the company excite you the most?The means of self-expression, brand ambassadorship, and even the very nature of products themselves are ripe for disruption and innovation, and StockX is at the center of it all. I’m looking forward to the ways we continue to expand our categories, our locations, and beyond.
Marlin Williams, vice president of diversity, equity, and inclusion

StockX

Marlin Williams facilitates companywide conversations about inclusion and focuses on recruitment and improving daily work practices related to DEI initiatives. She previously served in leadership roles at Fiat Chrysler Automobiles, the city of Detroit, and Wayne State University.What accomplishments are you most proud of from your time at StockX in the last year?(Williams helped develop StockX’s first DEI Council and global DEI plan, which includes six focus areas related to diversity and equity in the workplace.)In the early months of the pandemic, I also led the StockX team through our very first companywide Candid Conversation on the topic of systemic racism. Since the inaugural open-forum meeting, the team has held a number of these for topics like #StopAAPIHate, Women’s History Month, and more. Most importantly, these conversations are followed by actions tied to our strategic plan.What areas of growth at the company excite you the most?I’m excited to continue the work we’ve done in partnership with our internal recruitment team to foster a diverse and inclusive organizational culture at StockX. I’m also excited by our organization’s commitment and vulnerability to continue to have the tough DEI conversations and our commitment to action.
Tim O’Malley, vice president of product development

StockX

Tim O’Malley leads a team that works on strengthening the experience for global buyers across StockX. His work focuses on payment and marketing technology and SEO. O’Malley’s team also introduced the option for digital wallets such as Alipay, Apple Pay, Venmo, and Sofort on the platform. He previously served as the chief product officer of the New York-based grocery-delivery service Delivery.com.What accomplishments are you most proud of from your time at StockX in the last year?My team has worked this year to significantly improve our customer experience — specifically related to the addition of personalized product discovery. We worked to implement a “recently viewed products” module to the StockX homepage that has helped our users return to the products they’re interested in. With the launch of our new product pages across iOS, Android, and web, we’ve improved the frictionless platform for our users with a cleaner and faster experience every time they visit StockX.What areas of growth at the company excite you the most?I’m most excited by our efforts to improve the customer experience for new users that may be unfamiliar with the sneaker world and our unique bid/ask model. As we work to educate our core consumer, I’m looking forward to unlocking the StockX experience for more people.
Katy Cockrel, vice president of communications

StockX

Katy Cockrel joined StockX in 2018 as the vice president of communications. She manages media relations; corporate-social-responsibility initiatives; and executive, brand, and crisis communications. Before joining StockX, Cockrel represented clients like Viacom, Polaroid, and the W. K. Kellogg Foundation and was vice president of the global communications agency Finn Partners.What accomplishments are you most proud of from your time at StockX in the last year?As the first communications hire at the company, I’m so proud of the growth of the team and the critical role it has come to play in the organization. The past year was one filled with all kinds of challenges, yet our team was able to seamlessly navigate everything from external communications surrounding the George Floyd tragedy to PR launches in four key international markets including Japan, Canada, Hong Kong, and Australia.(Cockrel added that she was most proud of StockX’s data-driven storytelling initiatives, based on quarterly data snapshots and monthly trend reports on the marketplace.)What areas of growth at the company excite you the most?I’m most excited about our continued investment in international expansion and category diversification. A growing footprint — both in terms of geography and product catalog — affords my team the opportunity to continue to tell the StockX story to an increasingly global customer community with a focus on innovative brand partnerships, tech-forward initiatives, and market-moving trends.
Stephen Winn, vice president of product development

StockX

When Stephen Winn joined StockX in 2015 as one of the platform’s first employees, he helped build the website from the ground up. Now, as the vice president of product development, he oversees a team that works on enhancing the customer experience.What accomplishments are you most proud of from your time at StockX in the last year?The COVID-19 pandemic presented challenges and opportunities which stressed our technology and operations with unprecedented volume. Leading our teams through a time of significant uncertainty and engaging them to solve problems on all levels — people, process, and technology — was a huge accomplishment for me personally and a testament to the quality of the global team we’ve built.What areas of growth at the company excite you the most?What excites me most isn’t a specific area but the fact that StockX has always had exciting growth opportunities since launch in 2015. Whether it’s a new product category, a new region, or simply improving the experience and service level we offer, we have tons of options to explore. As the head of product, what makes my life interesting is discussing and deciding the direction we steer our road map.
Mitzi Emrich, vice president of customer acquisition

StockX

As a vice president of customer acquisition at StockX, Mitzi Emrich helps grow the company’s customer base globally. She creates and guides global marketing campaigns for the brand and utilizes advertising technology and digital experiences. She previously held roles at Marriott International and SiriusXM.What accomplishments are you most proud of from your time at StockX in the last year?Since joining StockX last year, I’ve helped define our view of new customers, which has allowed us to evolve our marketing road map, creative strategy, and customer journey. As a result, for the first time ever, we had more women than men make their first trades on StockX in Q4 2020. Our marketing organization is collaborative and cross-functional; I’ve been excited to help unite customer-acquisition and customer-engagement efforts for more cohesive brand campaigns.What areas of growth at the company excite you the most?Our insights into our customers are becoming even more data-driven and holistic, which has enabled our marketing to be increasingly personalized and culturally relevant to a growing group of new buyers. We’re looking closely at what our core consumer wants, allowing us to bring a diverse set of buyers to StockX globally and driving a record-breaking number of trades within expanding categories like gaming, collectibles, and kids-sized sneakers.
Tom Woodger, president of cultural marketing

StockX

Tom Woodger helps further establish the StockX brand through activations and partnerships with influencers and brands in his role as vice president of cultural marketing. Since he joined the company in 2018, Woodger has helped shape product-release models such as DropX and StockX’s “Initial Product Offering.” Woodger previously consulted for brands such as Sweetgreen, Away, and Hay.What accomplishments are you most proud of from your time at StockX in the last year?In May of 2020, we launched our Initial Product Offering in partnership with New Balance — where we worked collaboratively to bring the New Balance x No Vacancy Inn collaboration to life. We worked closely with both the team at New Balance and No Vacancy to pivot to a digital-only release as we navigated the early pandemic. This was an incredibly successful partnership and has brought more brands and creatives to releasing products on StockX.What areas of growth at the company excite you the most?In the past year, we’ve gone from one or two direct releases a year to upwards of 25 — with more on the way. We have a number of exciting things coming down the pipeline, and we’re continuing to cultivate partnerships with brands that resonate with StockX users. Additionally, our international growth allows us to enter countries where sneaker and fashion culture have such heritage and history, like Japan and Hong Kong. My team is looking forward to learning from and appealing directly to these customers.
Peter Curran, senior director of international

StockX

Peter Curran oversees several growth markets, such as Canada, Australia, and Mexico, as StockX’s senior director of international. He works on strategies for pricing and hitting revenue goals as well as reducing shipping fees for sellers. He previously worked at McKinsey & Company as a management consultant.What accomplishments are you most proud of from your time at StockX in the last year?I am especially proud of launching Canada and Australia within six months of each other in the midst of the pandemic, which required us to staff the team and launch the Toronto and Melbourne authentication centers in a remote work environment. As a result of this collaborative and cross-functional effort, both markets have seen triple-digit growth since we’ve landed on the ground.What areas of growth at the company excite you the most?As I look to the future, I’m most excited about the global expansion of our supply chain and the new brick-and-mortar locations for our users — like the Hong Kong seller drop-off that opened in May 2021. StockX’s continued expansion into emerging global markets not only provides local language, currency, and experiences for buyers but unlocks economic opportunities for our sellers around the world.
Derek Morrison, senior director of Europe

StockX

Since joining StockX in 2018, Derek Morrison has helped lead the company’s marketing, business operations, and strategy in the region.Morrison’s team helped develop the “Sneakers Unboxed: Studio to Street” exhibition at the London Design Museum in May. He previously worked in the wine industry and served as a judge in the Decanter World Wine Awards.What accomplishments are you most proud of from your time at StockX in the last year?Working with one of the most iconic design institutions in the world to bring sneaker culture and its history to a new audience has been such a fulfilling opportunity, despite the pandemic’s best efforts to derail this event. I’m incredibly proud of how we transformed a conventional exhibition “sponsorship” into a truly collaborative partnership that will persist and impact both the Design Museum and StockX’s communities well beyond the exhibition.What areas of growth at the company excite you the most?While we have grown immensely across Europe in the past three years, we are still just scraping the surface of opportunity. As we continue to increase our collaborations with independent designers and brands and expand into new categories, I am inspired by what the future holds for our global marketplace.
Russ Amidon, senior director of account management

StockX

Russ Amidon works with high-volume buyers and sellers to ensure a positive experience across the site, especially for those who run their businesses on StockX. He also helped develop StockX’s core policies surrounding customer service.What accomplishments are you most proud of from your time at StockX in the last year?I’m most proud of StockX’s recent development of bulk shipping and listing tools. With these new additions, my team was able to further streamline the experience for sellers who make high amounts of trades.What areas of growth at the company excite you the most?Top of mind for the future is global expansion. As I lead the relationships with our global network of power sellers, it’s incredibly exciting to open our doors to new users around the world looking to unlock economic opportunity on StockX.
Eddie Chen, senior director of electronics

StockX

As the senior director of electronics at StockX, Eddie Chen oversees one of the fastest-growing categories in the marketplace. He helped launch electronics in November after joining StockX last summer. Chen previously worked at eBay for seven years in a variety of leadership roles.What accomplishments are you most proud of from your time at StockX in the last year?Electronics has quickly grown to become one of the largest categories on our platform. Based on GMV (or the total value of merchandise sold over a period of time), the top two products in 2020 across all categories on StockX were the PlayStation 5 Blu-Ray Edition (No. 1) and the Xbox Series X (No. 2). StockX was able to effectively tap into this market because many of our customers were already interested in these products.What areas of growth at the company excite you the most?Our early success in electronics is a signal for the tremendous growth that lies ahead. We have a wide range of opportunities within this vertical, from newly released consoles to graphics cards to retro games and vintage Nintendo products. I’m looking forward to expanding our offerings within this market.
Will Bell, regional director of operations

StockX

Will Bell oversees StockX’s North American authentication centers on the East Coast. As StockX grows, he implements best practices for operations in different centers. Bell began his career at StockX in 2019 as an operations manager and was named regional director in 2020.What accomplishments are you most proud of from your time at StockX in the last year?Throughout the pandemic, StockX prioritized the health and safety of our frontline workers while also experiencing record volumes of traffic, trades, and new buyers and sellers on our platform. This great surge in volume was a challenge that our global authentication centers conquered. I’m incredibly proud of the work we accomplished in our authentication centers while navigating new protocols to protect our authenticators.What areas of growth at the company excite you the most?I’m excited about the exponential expansion of our global authentication network with new additions like Melbourne. In my role, I’ve been able to train and strengthen the talent behind StockX’s authentication program, and now the Moonachie location, where I’m based, serves as a training hub that exports superior authenticators around the globe.
Sadelle Moore, senior authentication and quality-assurance specialist

StockX

Sadelle Moore, one of StockX’s first employees hired, helps create and implement StockX’s method for authentication. As a senior authentication and quality-assurance specialist in StockX’s Detroit authentication center, Moore refines and teaches the verification process.What accomplishments are you most proud of from your time at StockX in the last year?As the first-ever authenticator at StockX, I was instrumental in building the authentication playbook that serves as the foundation for the exhaustive process we employ today. To see how much we’ve grown since then is truly incredible. In terms of the past year, I’m proud of how we adapted to change and seamlessly pivoted to remote authentication and quality training in the midst of the pandemic. We witnessed our company rise to become one of the best platforms in the world during an extremely difficult time — this has been a huge achievement and proud moment for our entire organization.What areas of growth at the company excite you the most?Our global expansion efforts and continued investments in category diversification are the most exciting areas of opportunity for our company. I’m also looking forward to seeing brand launches and collaborations from our cultural-marketing team come to life in the second half of the year.
Laura Lewis, general counsel

StockX

As StockX’s general counsel, Laura Lewis is responsible for legal and compliance matters. She collaborates with all teams regarding corporate, regulatory, and governance issues. Previously, Lewis worked as a corporate attorney at Rock Ventures and in private practice.What accomplishments are you most proud of from your time at StockX in the last year?We closed our Series E round in mid-December, when I was nine months pregnant and had just broken my ankle. I was doing diligence calls from my hospital bed the night before surgery and went on maternity leave the day after the wires hit. I came back from maternity leave and immediately launched into our tender offer and Series E-1 financing — at a valuation increase of $1 billion in about six weeks! It was a pretty fantastic end to the financing, my pregnancy, and the start of the year.What areas of growth at the company excite you the most?I love the work we’re doing around expanding into new products. As a collector beyond sneakers myself, I think it’s great that we can help facilitate young people investing into emerging categories like collectibles and beyond. In doing this, StockX offers a clear and easy path to building out a diverse collection.

Here's what Wall Street expects from Greif B's earnings report

Greif B reveals earnings for Q2 on June 9.5 analysts forecast earnings of $1.06 per share compared to earnings of $0.950 per share in the same quarter of the previous year.In terms of sales, analysts anticipate an increase of 11.03% over the prior-year period, coming to $1.29 billion.With regard to the current fiscal year, analysts forecast a profit per share of $3.83. Last year it was $3.22 per share. In terms of sales, analysts estimate that the company will bring in $4.91 billion in the current fiscal year, compared to $ 4.52 billion in the same period last year.This story was written by Markets Insider’s RoboEddy, which automatically writes these stories based on data provided by our partners.

Google fined $268M in French antitrust case, will change ad practices

Google has been fined nearly $270 million by French authorities for abusing its market power in the digital advertising sector.

As part of the first-of-its-kind settlement agreement announced by the French Competition Authority Monday, Google also agreed to change some of its advertising practices to make it easier for competitors to use its online ad tools as a result of the agreement.

Google’s commitment to change its practices is binding for three years, the regulators said.

The French investigation found that Google unfairly sent digital advertising business to its own services and discriminated against the competition.

Specifically, the investigation found that Google gave preferential treatment to its own advertising server, DFP, and its online ad auction house, AdX, in part by providing information about rival bids.

“These very serious practices have penalized competition in the emerging online advertising market, and have enabled Google not only to preserve but also to increase its dominant position,” Isabelle de Silva, president of the French Competition Authority, said in a statement.

“This sanction and these commitments will make it possible to re-establish a level playing field for all actors, and the ability of publishers to make the most of their advertising spaces,” she added.

Google’s promises to change its practices are only binding in France, but Maria Gomri, Google’s legal director in France, said in a blog post that Google will be testing its changes “over the coming months before rolling them out more broadly, including some globally.”

“We have agreed on a set of commitments to make it easier for publishers to make use of data and use our tools with other ad technologies,” Gomri said. “We’re committed to working collaboratively with regulators and investing in new products and technologies that give publishers more choice and better results when using our platforms,” she said.

The French investigation came after News Corp., which is the parent company of The Post, French newspaper Le Figaro and the Belgian press group Rossel filed a complaint against Google in 2019.

The settlement reflects a broader wave of antitrust interest against big tech companies in recent weeks.

Last week, the European Union and the United Kingdom both announced they were opening antitrust investigations into Facebook. The EU has also filed antitrust charges against Apple and Amazon. The companies have disputed the charges.