Hot off the press: "The State of OKRs - Global Enterprise Report"

#1 | Boeing fires CEO Dennis Muilenburg in a boardroom shake-up

Boeing CEO Dennis Muilenburg was ousted as the aviation giant looks for ways to solve a number of problems, including fatal crashes, delays, and issues with its 737 Max airplane. Chairman David Calhoun will take over as CEO, effective January 13, 2020. Boeing noted in a press release that a change in leadership was needed to repair relationships with customers, regulators, and other stakeholders. Boeing’s 737 Max still hasn’t returned to flight and the company will suspend production of this model that used to be its bestselling commercial jet. Read more: https://cnn.it/2rvul1l 



#2 | AI startups raised $10.7 billion in 2019

US-based AI startups raised $10.7 billion in 2019 and well over half of the funding rounds were either seed or pre-seed. The average AI startup financing round was $14.6 million. Vacasa, a vacation rental management company, raised the most money this year with its $319-million-large Series C round. Samsara, a developer of software and hardware IoT solutions, did well too as it raised $300 million in a Series F round on September 10. And a business travel platform, TripActions, claims the third spot having raised $250 million from a Series D round. Read more: http://bit.ly/35XDYEN


#3 | Travis Kalanick to depart Uber’s board of directors

Former Uber CEO Travis Kalanick will step down from the company’s board as of December 31, having sold all of his stock in the ride-hailing giant. It’s unclear how much his total stake is worth, but the latest public filings indicate it’s around $2.5 billion. According to a press release issued by Uber, Kalanick will “focus on his new business and philanthropic endeavors.” He has thus severed last ties from the company he co-founded and can now focus on CloudKitchens, his latest venture that deals with finding cheap properties and turning them into delivery-based food businesses. Read more: https://tcrn.ch/2EV9gjP   



#4 | Facebook a step closer to live shopping feature after buying Packagd

Facebook plans to enable its Marketplace merchants to sell all sorts of products using Facebook Live. Getting to that point, however, requires having the payment process that integrates directly into a video broadcast. In a bid to overcome that obstacle, the social media giant acquired a company called Packagd earlier this year. And although neither side provided details about the acquisition, the startups’ previous projects shed some light on what Facebook might be planning. In 2017, Packagd launched its first app called Unboxed that enables viewers of YouTube videos to buy products directly on the videos streamed by the selected content creators. In return, content producers get a share of the revenue. It remains to be seen how Facebook is to integrate this tech into its e-commerce solutions. Read more: https://bloom.bg/2SrP5C4   



#5 | Several Silicon Valley unicorns may dare to go public in 2020

This year has been historic for IPOs with many tech-driven startups succeeding in their public offerings and others failing spectacularly. In 2020, analysts predict that the market is unlikely to see a high number of unprofitable mega unicorns attempting to go public. But there are still several unicorns that could make their way into the public markets. Airbnb is one of these companies and the home-sharing giant is reportedly considering a direct listing instead of a traditional IPO. Other unicorns that may dare to go public in 2020 include bed-in-a-box start-up Casper, Chinese ride-hailing firm Didi Chuxing, delivery start-up DoorDash, and the digital brokerage service Robinhood. Read more: https://cnb.cx/39h2ZNe 


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