Tech marketing firm Ibotta’s stock rocketed Thursday following its public debut, blowing past its offering price one day after the Walmart-backed company raised $577.3 million for its IPO. Ibotta shares’ offering price was $88. (Photo by Jonathan Bachman/Getty Images) Getty Images Key Facts Ibotta, which debuted with an offering price of $88, saw its shares trade up as high as $116 on Thursday before cooling off and closing at $103.25 The company’s $88 offering price landed above its initial estimated offering range between $76 and $84. The public debut on the New York Stock Exchange va ..read more

A late-stage trial of Cerevel Therapeutic’s Parkinson’s disease drug showed a significant reduction in the time patients suffer from symptoms, the company said Thursday, the latest study indicating possible treatment to help alleviate symptoms for the neurodegenerative disorder. Patients who used the drug experienced more time without experiencing involuntary and erratic movements. Getty Images Key Takeaways A trial involving 507 adults aged 40 to 80 with Parkinson’s experienced a “clinically meaningful and statistically significant” increase in time without symptoms when treated with tavapa ..read more

Netflix reported blockbuster financial results in its first-quarter earnings report Thursday afternoon, as the streaming king returns to explosive subscriber growth, though some question how long the fruits of its password sharing crackdown will last. Netflix is fresh off of its best ever quarterly subscriber growth, topping even 2020’s first quarter. Getty Images Key Takeaways Netflix’s $9.4 billion in first-quarter revenues and $5.28 profit per share were comfortably above consensus analyst estimates, with Netflix’s top and bottom line marks both the best in its history. Perhaps most impre ..read more

We’ve all heard of Australia’s Big Four banks. But what banks are best from a customer’s perspective? We bring you the top 8, as judged by Australians who ranked banks on digital services, fees, rates, and trustworthiness. Forbes partnered with Statista on a survey of 49,000 people in 33 countries. Respondents rated banks on trustworthiness, terms and conditions (fees and rates), customer service, digital services and quality of financial advice. Participants relayed their overall satisfaction with each bank, whether they would recommend it to others, and rated each in five areas: trustworthi ..read more

Boeing whistleblower Sam Salehpour testified before a Senate subcommittee on Wednesday, where he told senators he received “physical threats” after raising concerns about the manufacturing process for the 787 Dreamliner and the 777. Salehpour raised safety concerns about the 787 Dreamliner and the 777 at a Senate hearing Wednesday. CQ-Roll Call, Inc via Getty Images Key Takeaways After raising his concerns to his superiors, Salehpour said he was sidelined, told to shut up and received physical threats—telling the senators his boss said during a meeting “I would have killed someone who said w ..read more

Authorities have confirmed the knife attack on a bishop and congregants at a church in western Sydney was a terrorist incident likely motivated by religious extremism, just two days after six were killed in the Bondi Junction stabbing spree. Police patrol outside the Christ the Good Shepherd church in suburban Wakely in western Sydney, Australia, Tuesday. Key Takeaways The decision to declare Monday’s attack a terrorist incident was because the stabbing appeared premeditated, and also down to religious remarks made by the attacker during the incident. New South Wales Police Commissioner Kare ..read more

A new white paper released by behaviour change experts Decision Design has found just 60% of decisions made in businesses are ‘good’, meaning businesses are leaving 40% growth on the table. Image: Getty Decision Design surveyed more than 1000 decision makers at Australian businesses, and found decision-making was central to what organisations do, and the better the decision, the better the outcome. “This research has found that our hit rate of decision-making was only 60%,” Dr Johann Ponnampalam, founder of Decision Design, says. “So, when you factor that this is something that’s extremely imp ..read more

If your workdays are filled with meetings, you’re not alone. But AI might be able to help. The amount of time people spend in meetings has increased 3x since 2020, according to a Microsoft Work Trend Index report. The data also shows that inefficient meetings are the number one productivity disrupter and typically, people will attend a 60-minute meeting for 2 minutes of insight with at least a quarter of participants never coming off mute. The problem isn’t meetings themselves, after all they’re how we often collaborate. The issue is meeting overload and how many of us are struggling to keep ..read more

Tesla will cut more than 10% of its workforce globally, according to multiple reports, sending Tesla’s struggling stock down yet again Monday and serving as a grim milestone for the electric vehicle giant’s recent growing pains. Tesla’s centibillionaire CEO Elon Musk announced the layoffs that will impact more than 10,000 employees in a staff memo. Image: Getty Key Takeaways Tesla’s centibillionaire CEO Elon Musk announced the layoffs that will impact more than 10,000 employees in a staff memo, industry publication Electrek first reported (Tesla didn’t respond to Forbes’ request for ..read more

X owner Elon Musk suggested new users on the social network formerly known as Twitter will need to pay a small fee to use basic functions on the platform—a change he says is needed to combat a bot problem that has plagued the site for years. It is unclear when the fee will be implemented. (Photo by Costfoto/NurPhoto via Getty Images) NurPhoto via Getty Images Key Takeaways Musk’s tweet, which was a reply to speculation about charging new accounts a small annual fee to post, like, bookmark and reply, didn’t specify when the fee will kick in or how it will work, but said a fee “is th ..read more