Restaurants balk at delivery fees, Warner Bros. names first female CEO, and more top news
The news professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments.
Restaurants are beginning to push back against fees charged by delivery apps such as Postmates and GrubHub, says The Wall Street Journal. The delivery app sector, which has tracked a growing demand for food delivery, has struggled to generate profits for both itself and for the restaurants it serves, despite massive investment from venture capital firms. According to the report, restaurants often act hastily to negotiate deals with apps that see them take up to a 25% cut of an order. ? Here’s what people are saying.
Warner Bros. appointed its first woman CEO and chair to replace a male studio executive who resigned amid allegations of an improper relationship with an actress. Ann Sarnoff, president of BBC Studios Americas, will take the reins as the studio prepares to launch a streaming service after its acquisition by AT&T, as part of the $108.7 billion Time Warner deal. ? Here’s what people are saying.
The Trump administration is sanctioning Iran’s supreme leader and eight of its senior military commanders in a move “designed to increase pressure,” to the country, says Bloomberg. This follows the shooting down of a U.S. drone by Iran last week, as well as earlier attacks on oil tankers in the region. The latest sanctions, which block access to the U.S. financial system, top off penalties affecting 80% of Iran’s economy already. Washington scuttled a 2015 nuclear nonproliferation agreement with the country and seeks a new one. ? Here’s what people are saying.
Airbnb is entering the high-end market by offering a new rental tier called Airbnb Luxe. CEO Brian Chesky says customers for the new luxury listings are the same who rented sofas and spare rooms when the company first launched as a provider of affordable accommodation in 2008 — they just have better-paying jobs now, and fancier tastes. The 2,000 properties were selected from Luxury Retreats, which Airbnb acquired in 2017 in a cash and stock deal worth about $300 million. ? Here’s what people are saying.
Although Amazon sells more than half of all books in the U.S., the online retail giant does little to monitor whether its literary merchandise is fake, says The New York Times. This “result[s] in a kind of lawlessness” on the platform, where authors and book sellers claim books are being counterfeited and often resold for ten times their worth. Amazon says it’s dealing with the issue by suspending “bad actors.” As tech companies face heightened scrutiny into their practices, the Federal Trade Commission is said to be looking specifically into Amazon, reported The Washington Post, earlier this month. ? Here’s what people are saying.
Idea of the Day: When asked why you want the job during an interview, don’t “rattle off the benefits and perks,” advises J.T. O'Donnell, CEO at WorkItDaily.
“When you can map out how the job will enable you to feel satisfied and successful with your efforts, they're more confident in your ability to integrate into the company culture.”
What's your take on today’s stories? Share your thoughts in the comments.
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Student at Niger Delta University
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