Apple indefinitely delayed the date which corporate employees will return to the office, announcing its new return date is “yet to be determined.” The company said it would provide an additional $1,000 to each employee to help furnish home offices. Tim Cook, Apple’s chief executive, said the decision was made due to the surge of COVID-19 cases, fueled by the omicron variant.
Apple temporarily closes three stores in response to rising Covid rates - CNBC
'Boost everybody.' CEOs should mandate boosters before returning office workers, Andy Slavitt says - CNN
Reddit confidentially filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering, saying it sits at a valuation of about $10 billion. Reddit has been seeking to build on the attention it gained when its WallStreetsBets forum became a hot spot for the individual investors who rallied around Gamestop Corp. and other stocks.
Meme stocks AMC and GameStop tumble to lowest levels in months as investors dump risky positions - CNBC
A Wild, Emotional Year Has Changed Investing—Maybe Forever - Bloomberg
@newley: The company counts Sequoia Capital, internet giant Tencent Holdings Ltd. and venture firm Andreessen Horowitz among its backers. Reddit, founded in 2005, in March named its first finance chief. At the time, it said it had about 52 million daily users.
Vox Media will merge with Group Nine Media Inc., a deal that unites two of the biggest players in digital publishing. In August, Vox Media agreed to acquire cocktail website Punch and has continued exploring ways to raise cash for further growth. Mergers and acquisitions in 2021 stimulated the initial post-pandemic economic recovery, hitting an all-time peak of 1.52 trillion in the third quarter.
Why publishers like Vox Media are merging with their biggest rivals - The Washington Post
SPAC merger troubles get worse - Axios
The Federal Reserve policymakers said they would cut back more quickly on their pandemic-era stimulus at a moment of rising prices and strong economic growth. A fresh set of economic projections released Wednesday showed that officials expect to raise interest rates, which are now set near-zero, three times next year.
U.S. Jobless Claims Rose Slightly Last Week From 52-Year Low - Bloomberg
Analysis: The three data reports that persuaded Powell to speed up Fed's taper - Reuters
The 2022 economy will be hotter and pricier than the Fed expected just three months ago - Insider
The National Football League, National Basketball Association and the National Hockey League have all seen a spike in COVID-19 cases that threaten to sideline major players in upcoming games, leaving many rosters shorthanded and creating competitive imbalances. The NFL, which has a vaccination rate of 94%, mandated boosters for coaches but stopped short of daily testing.
As COVID cases surge, pro sports leagues reevaluate their safety protocols - NPR
These are some of the players who will miss upcoming games due to Covid-19 protocols - CNN
@tunkuv: The Browns and Rams are suffering through outbreaks while NBA stars such as Giannis Antetokounmpo and James Harden are sidelined by the virus. But the games are going on—even if Covid helps determine the outcome.
"The Information’s Return to the Office Tracker: Winter 2021" - The Information / Source: company filings; The Information
CONTENT FACTS
Turbine Labs has tracked 28,005 media articles and blogs and 27,781 social media posts over the last 24 hours.
The next Turbine Labs Leadership briefing will be delivered on Friday, December 17, at 9:30AM ET.
Questions or feedback? Don't hesitate to reach out to us directly.