Public.com, a social network focused on democratizing stock market investing, has raised $65 million in a Series C round.
Notable investors in the startup include former Time Warner CEO Dick Parsons, skateboarder and entrepreneur Tony Hawk, and a venture firm run by electronic music DJs and producers The Chainsmokers.
Accel led the round for the third straight time and was joined by Lakestar and previous Public.com investors Greycroft and Advancit Capital.
The new raise follows the company’s $15 million Series B round eight months ago and brings its total funding to $90 million to date.
Public.com says its community includes actor Adrian Grenier, Premier Lacrosse League co-founder Paul Rabil, Chillhouse founder-ceo Cyndi Ramirez-Fulton and Harlem Capital partner Brandon Bryant.
“Our mission to change the culture of investing is resonating with a new generation of investors who value collaboration over competition,” Co-CEO Leif Abraham said in a press release. “By...
Notable investors in the startup include former Time Warner CEO Dick Parsons, skateboarder and entrepreneur Tony Hawk, and a venture firm run by electronic music DJs and producers The Chainsmokers.
Accel led the round for the third straight time and was joined by Lakestar and previous Public.com investors Greycroft and Advancit Capital.
The new raise follows the company’s $15 million Series B round eight months ago and brings its total funding to $90 million to date.
Public.com says its community includes actor Adrian Grenier, Premier Lacrosse League co-founder Paul Rabil, Chillhouse founder-ceo Cyndi Ramirez-Fulton and Harlem Capital partner Brandon Bryant.
“Our mission to change the culture of investing is resonating with a new generation of investors who value collaboration over competition,” Co-CEO Leif Abraham said in a press release. “By...
- 12/15/2020
- by Dade Hayes
- Deadline Film + TV
David Levy, who is leaving his post as president of Turner after a nearly 33-year run at the company, sent a farewell memo this morning that brims with the executive’s trademark sales-and-sports brio.
He recalled joining the company in 1986 as a 24-year-old account executive, savoring Ted Turner’s occasional New York office visits and rides on the subway with the company founder. “Once we arrived at the client’s office, no one was better at selling the vision of Turner and the burgeoning cable industry than him,” Levy wrote. “He truly was the greatest closer!!”
Levy and HBO boss Richard Plepler are departing the company in the wake of WarnerMedia’s $81 billion acquisition by At&T, ushering in a period of dramatic change given their collective 60 years of service. While the telecom giant has repeatedly pledged to preserve the culture of the old Time Warner, it is clearly willing to...
He recalled joining the company in 1986 as a 24-year-old account executive, savoring Ted Turner’s occasional New York office visits and rides on the subway with the company founder. “Once we arrived at the client’s office, no one was better at selling the vision of Turner and the burgeoning cable industry than him,” Levy wrote. “He truly was the greatest closer!!”
Levy and HBO boss Richard Plepler are departing the company in the wake of WarnerMedia’s $81 billion acquisition by At&T, ushering in a period of dramatic change given their collective 60 years of service. While the telecom giant has repeatedly pledged to preserve the culture of the old Time Warner, it is clearly willing to...
- 3/1/2019
- by Dade Hayes
- Deadline Film + TV
CBS Shareholders Elect Strauss Zelnick, 10 Other Board Members In Drama-Free Annual Meeting – Update
Updated with voting results, meeting details. CBS shareholders elected 11 members to the company’s newly constituted board of directors in a drama-free annual meeting this morning.
The twice-postponed gathering at New York’s Museum of Modern Art reflected little of the turmoil CBS has experienced in recent months. Only a couple dozen shareholders attended the 20-minute meeting, where they were nearly outnumbered by reporters.
A slate of 11 directors, including Strauss Zelnick, who remains interim chairman, were elected by 98% of shareholders. Their election means the board now features a majority of members who joined or were nominated during a dramatic shakeup in September. Zelnick took over for Dick Parsons, the onetime Time Warner chief who cited health issues when he stepped down from the chairmanship in October.
Absent from the meeting agenda was the issue that has been dominating headlines for months: sexual misconduct allegations against the former CBS chairman and CEO,...
The twice-postponed gathering at New York’s Museum of Modern Art reflected little of the turmoil CBS has experienced in recent months. Only a couple dozen shareholders attended the 20-minute meeting, where they were nearly outnumbered by reporters.
A slate of 11 directors, including Strauss Zelnick, who remains interim chairman, were elected by 98% of shareholders. Their election means the board now features a majority of members who joined or were nominated during a dramatic shakeup in September. Zelnick took over for Dick Parsons, the onetime Time Warner chief who cited health issues when he stepped down from the chairmanship in October.
Absent from the meeting agenda was the issue that has been dominating headlines for months: sexual misconduct allegations against the former CBS chairman and CEO,...
- 12/11/2018
- by Dade Hayes and Dawn C. Chmielewski
- Deadline Film + TV
CBS has finally scheduled its twice-delayed annual shareholder meeting for the morning of December 11 at New York’s Museum of Modern Art.
During the meeting, shareholders will be asked to vote on the company’s directors — the majority of whom have joined the board, or been nominated, since September.
The unusual level of director turnover reflects a year of turmoil at CBS, which saw a high-stakes legal battle that pitted the media company against its controlling shareholder, National Amusements, and the resignation of its long-standing CEO, Les Moonves, amid allegations of sexual harassment.
Shareholders will be asked to cast ballots for 11 board members, including five returning directors: Gary L. Countryman, Linda Griego, Robert N. Klieger, Martha L. Minow and Shari Redstone.
Six independent directors were installed in September, to replace board members who stepped down with the resignation of Moonves.
These relative newcomers now stand for election: Candace K. Beinecke,...
During the meeting, shareholders will be asked to vote on the company’s directors — the majority of whom have joined the board, or been nominated, since September.
The unusual level of director turnover reflects a year of turmoil at CBS, which saw a high-stakes legal battle that pitted the media company against its controlling shareholder, National Amusements, and the resignation of its long-standing CEO, Les Moonves, amid allegations of sexual harassment.
Shareholders will be asked to cast ballots for 11 board members, including five returning directors: Gary L. Countryman, Linda Griego, Robert N. Klieger, Martha L. Minow and Shari Redstone.
Six independent directors were installed in September, to replace board members who stepped down with the resignation of Moonves.
These relative newcomers now stand for election: Candace K. Beinecke,...
- 11/16/2018
- by Dade Hayes and Dawn C. Chmielewski
- Deadline Film + TV
The CBS corporate anthem featured many familiar notes, but the executive chorus performing it was dramatically different on the company’s first conference call with Wall Street analysts since the exit of Les Moonves.
Acting CEO Joe Ianniello was joined by two newly minted colleagues from the C-suite: Chief Creative Officer David Nevins and Chief Financial Officer Christina Spade, who both just got elevated from roles at Showtime. Nevins, who joined the company in 2010, had not appeared on any previous calls (in contrast to his premium network peers Chris Albrecht at Starz and Richard Plepler on several years of Time Warner earnings reports).
As they unpacked the strong third-quarter results and fielded questions about the company’s direction, they had a couple of un-Moonves-like moments of uncertainty but mostly stuck capably to the script. They also briefly diverted from the financials to offer a message about the workforce at the company.
Acting CEO Joe Ianniello was joined by two newly minted colleagues from the C-suite: Chief Creative Officer David Nevins and Chief Financial Officer Christina Spade, who both just got elevated from roles at Showtime. Nevins, who joined the company in 2010, had not appeared on any previous calls (in contrast to his premium network peers Chris Albrecht at Starz and Richard Plepler on several years of Time Warner earnings reports).
As they unpacked the strong third-quarter results and fielded questions about the company’s direction, they had a couple of un-Moonves-like moments of uncertainty but mostly stuck capably to the script. They also briefly diverted from the financials to offer a message about the workforce at the company.
- 11/1/2018
- by Dade Hayes and Dawn C. Chmielewski
- Deadline Film + TV
David Poltrack, a lion of the television research business whose career at CBS has spanned nearly 50 years, has announced his retirement as Chief Research Officer and President of CBS Vision.
The exit planned for June 30, 2019, has been in the offing for years, the company stressed. But it is just the latest step in a top-to-bottom reshaping of the company after the departure in September of longtime CEO Les Moonves, with executive moves seemingly announced every day. On top of several key executive changes, earlier this month interim board chairman Dick Parsons announced he would step down, citing health concerns.
Poltrack attained his current title in 2005, following several promotions. A familiar sight in a range of settings — from trade shows to academic classrooms to industry conferences — he has become the dean of reading the tea leaves of viewership trends. Areas under his aegis include audience measurement, analytics, market research, program testing and advertising research.
The exit planned for June 30, 2019, has been in the offing for years, the company stressed. But it is just the latest step in a top-to-bottom reshaping of the company after the departure in September of longtime CEO Les Moonves, with executive moves seemingly announced every day. On top of several key executive changes, earlier this month interim board chairman Dick Parsons announced he would step down, citing health concerns.
Poltrack attained his current title in 2005, following several promotions. A familiar sight in a range of settings — from trade shows to academic classrooms to industry conferences — he has become the dean of reading the tea leaves of viewership trends. Areas under his aegis include audience measurement, analytics, market research, program testing and advertising research.
- 10/30/2018
- by Dade Hayes
- Deadline Film + TV
CBS interim CEO Joe Ianniello is assembling an executive team that complements his strengths. In a rapid series of appointments, he’s racing to stabilize the scandal-shocked media company and perhaps cement his place at the top.
The decision to elevate Showtime boss David Nevins to chief creative officer addressed one of the longtime finance executive’s perceived weaknesses, his lack of programming experience. It also is a signal to the CBS board that Ianniello is listening, and acting quickly, when directors insisted he streamline the reporting structure, sources say. Former Chairman and CEO Les Moonves had an unusually large number of direct reports. The promotion of Nevins addresses that.
Nevins is one of the most highly regarded creative executives in the industry, the deft hand behind Showtime staples like Homeland, (his first green-light upon arrival in 2010), Ray Donovan and Billions, plus the buzzy, hyper-arty Twin Peaks reboot. Nevins fills...
The decision to elevate Showtime boss David Nevins to chief creative officer addressed one of the longtime finance executive’s perceived weaknesses, his lack of programming experience. It also is a signal to the CBS board that Ianniello is listening, and acting quickly, when directors insisted he streamline the reporting structure, sources say. Former Chairman and CEO Les Moonves had an unusually large number of direct reports. The promotion of Nevins addresses that.
Nevins is one of the most highly regarded creative executives in the industry, the deft hand behind Showtime staples like Homeland, (his first green-light upon arrival in 2010), Ray Donovan and Billions, plus the buzzy, hyper-arty Twin Peaks reboot. Nevins fills...
- 10/19/2018
- by Dawn C. Chmielewski, Dade Hayes and Lisa de Moraes
- Deadline Film + TV
After two previous delays, CBS Corp. has set December 11 for the company’s annual meeting, a potential hint that the corporation feels investigations into its corporate culture and behavior under former CEO Leslie Moonves may near their end by that time.
CBS announced the new date for the meeting Tuesday in a filing with the U.S. Securities and Exchange Commission.
The annual meeting announcement comes just a few days after CBS said it hired an advisory firm to help guide the distribution of a $20 million charitable donation it pledged to women’s equality and anti-harassment organizations in the wake of the sexual harassment scandal that enveloped its former CEO. CBS said the grant recipients will be named by Dec. 14 – a date that is thought to be significant for the timeline of the investigation and its conclusion. CBS initially said it would disburse the funds within a month of the Sept.
CBS announced the new date for the meeting Tuesday in a filing with the U.S. Securities and Exchange Commission.
The annual meeting announcement comes just a few days after CBS said it hired an advisory firm to help guide the distribution of a $20 million charitable donation it pledged to women’s equality and anti-harassment organizations in the wake of the sexual harassment scandal that enveloped its former CEO. CBS said the grant recipients will be named by Dec. 14 – a date that is thought to be significant for the timeline of the investigation and its conclusion. CBS initially said it would disburse the funds within a month of the Sept.
- 10/9/2018
- by Brian Steinberg
- Variety Film + TV
Former Time Warner CEO Richard Parsons has been named CBS’ interim chairman, in an appointment that the board approved unanimously, the company said.
“Dick Parsons has a combination of deep industry knowledge and unmatched corporate and board experience,” Candace Beinecke, Chair of CBS’ Nominating and Governance Committee, in a statement. “We are fortunate to have Dick in this leadership role.
Parsons was an advisor to CBS’ controlling shareholder, Shari Redstone, as she navigated her bruising battle with Les Moonves over control of the media company. The former CEO has since resigned amid allegations of sexual misconduct from a dozen women.
The Brooklyn-bred lawyer Parsons has had career stints working for the Rockefeller family and turning around New York’s Dime Savings Bank. He’s known for his affability and diplomatic skills.
Parsons survived the disastrous AOL-Time Warner merger of 2000. He took over the helm of the company in 2002 and...
“Dick Parsons has a combination of deep industry knowledge and unmatched corporate and board experience,” Candace Beinecke, Chair of CBS’ Nominating and Governance Committee, in a statement. “We are fortunate to have Dick in this leadership role.
Parsons was an advisor to CBS’ controlling shareholder, Shari Redstone, as she navigated her bruising battle with Les Moonves over control of the media company. The former CEO has since resigned amid allegations of sexual misconduct from a dozen women.
The Brooklyn-bred lawyer Parsons has had career stints working for the Rockefeller family and turning around New York’s Dime Savings Bank. He’s known for his affability and diplomatic skills.
Parsons survived the disastrous AOL-Time Warner merger of 2000. He took over the helm of the company in 2002 and...
- 9/25/2018
- by Dawn C. Chmielewski
- Deadline Film + TV
CBS Corp. has named Richard Parsons interim chairman of the Board of Directors.
The Company also announced that Bruce Gordon and William Cohen, who have served on the Board of Directors since CBS became a stand-alone public company in 2006, have decided to step down from their posts to focus on other personal and professional priorities.
The Board unanimously approved the appointment of Parsons, which was recommended by the Board’s Nominating and Governance Committee.
Also Read: CBS Board Shakeup: 6 New Independent Directors In and 6 Out as Les Moonves Exits Company
“Dick Parsons has a combination of deep industry knowledge and unmatched corporate and board experience,” said Candace Beinecke, chair of CBS’ Nominating and Governance Committee. “We are fortunate to have Dick in this leadership role.”
The move comes a few weeks after a shakeup on the CBS board of directors that saw five independent directors and one National Amusements Inc.
The Company also announced that Bruce Gordon and William Cohen, who have served on the Board of Directors since CBS became a stand-alone public company in 2006, have decided to step down from their posts to focus on other personal and professional priorities.
The Board unanimously approved the appointment of Parsons, which was recommended by the Board’s Nominating and Governance Committee.
Also Read: CBS Board Shakeup: 6 New Independent Directors In and 6 Out as Les Moonves Exits Company
“Dick Parsons has a combination of deep industry knowledge and unmatched corporate and board experience,” said Candace Beinecke, chair of CBS’ Nominating and Governance Committee. “We are fortunate to have Dick in this leadership role.”
The move comes a few weeks after a shakeup on the CBS board of directors that saw five independent directors and one National Amusements Inc.
- 9/25/2018
- by Tim Baysinger
- The Wrap
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.