When Hady Kfoury opened his first restaurant in Manhattan in 2008, he was already out of money. He had raised cash from friends and family to bring the Lebanese food he grew up eating to New York, but construction had cost more than he expected. He still owed money to his general contractor and resorted
Good advice may be hard to come by, but one website offering guidance from business experts for tens of thousands dollars says you’ll be satisfied, or your money back. Intro, a website that offers pricey video call advice from leading business experts, became the talk of X this week after users discovered Nikita Bier, the
“We’re seeing a significant shift in how Asia-based firms are looking at cross-border business,” Sarita Singh, Stripe’s regional head and MD of Southeast Asia, Greater China and South Korea, tells Fortune. “There’s been a big push to find customers and grow outside of the home country.” This marks a departure from the earlier playbook of
The net worths of CEOs and founders are largely at the whim of their company stock—all it takes is one breakout earnings report or blockbuster news to shake up their fortunes. Now, Moderna cofounder Robert Langer has re-entered the billionaires club following promising cancer vaccine trials that sent the company’s stock soaring. Langer, known as
Long before becoming a Hollywood mainstay with a market cap of over $315 billion, Netflix was struggling to stay afloat. After the dotcom bust, the then DVD rental company was forced to make its first major round of layoffs in 2001, cutting roughly one-third of its workforce. For Netflix cofounder Reed Hastings, the experience drove
Billionaire entrepreneur Mark Cuban didn’t hold back in a public squabble with Rep. Ro Khanna about the proposed wealth taxes in California—cracking open a feud between one of the wealthiest Democratic Party supporters and the left wing of the party. The two sparred over a proposed wealth tax that would ask the state’s richest residents