BusinessStartups

Consumer Brand Pioneer Outlines Blueprint for Cultivating Customer Devotion

Industry veteran Jeff Raider shares hard-won insights on creating enduring consumer brands. The entrepreneur emphasizes that customer loyalty drives profitability and requires consistent engagement.

The Economics of Customer Retention

Building lasting brand loyalty represents one of the most significant challenges facing modern entrepreneurs, according to industry analysis. Jeff Raider, co-founder of Warby Parker and current co-CEO of Mammoth Brands, recently detailed his approach to creating devoted customer bases during an appearance on Yahoo Finance’s The Big Idea series.

BusinessTechnology

Meta Secures $30 Billion Blue Owl Financing for Massive Hyperion AI Datacenter Project

Meta Platforms has reportedly secured approximately $30 billion in financing from private equity firm Blue Owl Capital for its massive Hyperion datacenter project in Louisiana. The cleverly structured deal enables the social media giant to keep significant debt off its balance sheet while expanding its AI infrastructure capabilities.

Major Financing Deal for AI Infrastructure

Meta Platforms has reportedly convinced private equity firm Blue Owl Capital to finance its massive Hyperion datacenter project in a deal valued at approximately $30 billion, according to sources familiar with the matter. The arrangement, which sources indicate was brokered by Morgan Stanley, represents one of the largest single datacenter financings during the current artificial intelligence infrastructure boom.

BusinessLegal

Former Builder.ai Finance Chief Subpoenaed in US Investigation of Startup’s Collapse

The former CFO of Builder.ai has been subpoenaed to appear before a Manhattan grand jury as US prosecutors investigate the startup’s collapse. The Microsoft-backed company, once valued over $1 billion, reportedly revised revenues down to just a quarter of prior estimates after discovering potentially bogus sales.

US Authorities Intensify Builder.ai Investigation

Former Builder.ai chief financial officer Andres Elizondo has been subpoenaed by US prosecutors, according to reports from the Financial Times, as authorities deepen their investigation into the collapse of the Microsoft-backed startup. The subpoena reportedly requests Elizondo’s appearance before a grand jury in a Manhattan court for questioning this September.