Selena Gomez set out to create “the world’s first mental fitness ecosystem.” Instead, the startup is becoming her own personal headache. A federal lawsuit filed Thursday offers a detailed account of what investors say went wrong at Wondermind — from an app that was never built to major corporate partnerships they allege never existed. Gomez
This as-told-to essay is based on a conversation with Lawrence Guerguis, a 24-year-old based in Orange County, California, who started investing in real estate in the Midwest while still in college. The following has been edited for length and clarity. I always thought I’d go into investment banking and work on Wall Street. During my
Magic Johnson knows a thing or two about making the leap from sports to business. Speaking to Anthony Anderson, who guest-hosted “Jimmy Kimmel Live” on Tuesday, the former NBA player shared the advice he’d give others looking to break into the business world. “The first thing, take your ego out of it and know that
Unwell, the media company co-founded by married couple Alex Cooper and Matt Kaplan, has landed its first outside investor: Patrick Whitesell, co-founder of WME and former executive chairman of successor company Endeavor. Whitesell’s WTSL, an investment firm focused on media, entertainment and sports he launched after exiting Endeavor and WME last year, has invested an
Staying at one company for decades was once a badge of honor. But as layoffs have become more common and workers have turned to job hopping for higher pay and career growth, employee loyalty has become harder to find. Billionaire investor Bill Ackman, however, still believes earning employee loyalty is worth every penny. That’s why
Thank you for subscribing to Fortune Gulf Brief and joining our community. Given the significant news flow from the Gulf early in the week, going forward, we’re moving the newsletter from Tuesday to Wednesday to give you a fuller picture of the trends and stories that matter. Fortune Exclusive: The inside track on the UN-backed plan to reopen