Google’s Office Bet | The Crowd[funder] Knows Best | Leaving From The Top

Good morning.

Unlike other tech companies,
Google isn’t going fully remote—but is investing less in physical presence. We’ve also asked a founder to share what he’s learned from raising capital via equity crowdfunding and look into a recent string of CEOs' departures. Don’t miss this cover story on movie theaters’ hope for a blockbuster summer.

Sofia Lotto Persio

Sofia Lotto Persio

Daily Dozen Curator-In-Chief | Twitter

In The News Today

Jason Miller, a spokesperson for Donald Trump’s 2020 campaign, said the former president will return to social media in "about two to three months on his own platform."

The AstraZeneca-Oxford Covid-19 vaccine was 79% effective against symptomatic Covid disease and 100% effective in preventing severe disease and hospitalizations in its U.S. Phase III trial.

Top Take-Aways

Despite tech giants’ move towards remote working, Google is keen to retain a physical presence across the U.S., but its planned $7 billion investment in offices and data centers across 19 states for 2021 is much reduced from previous years.

Unemployment in the pandemic doesn’t affect everyone equally.
Asian American workers have faced steeper long-term unemployment rates than their Black, white and Latino peers during the economic downturn resulting from the Covid-19 pandemic.

New York is preparing to legalize adult-use cannabis, but the illicit market in the city that never sleeps is unlikely to be put down any time soon. 

When Dan Kurzrock started pitching his company
ReGrained to investors, it was a tough sell, so he turned to equity crowdfunding. Two successful rounds later, Kurzrock shares his advice on equity crowdfunding.

Isabelle Freidheim and Phyllis Newhouse are doing their bit to address the
gender gap in the SPAC world. They founded a $250 million blank-check company, Athena Technology Acquisition Corp, which debuted on the NYSE on Friday.

CEO departures like Jeff Bezos at Amazon or Colin Huang at Pinduoduo make headlines and move markets, but lately these have not been rare occurrences—195 leaders departed their top roles in the first two months of 2021.

At the dawn of the 20th century, Maggie L. Walker taught a generation of women how to achieve financial independence and enrich their lives. Her story is the latest in our CultureX series, which celebrates decades of forgotten Black entrepreneurs.

Today's Must Read

 
Hollywood’s Hottest 2021 Thriller Isn’t A Bond Or Marvel Movie—It’s The Megaplex’s Fight For Survival
 
 
 
Hollywood’s Hottest 2021 Thriller Isn’t A Bond Or Marvel Movie—It’s The Megaplex’s Fight For Survival

A year into the pandemic, movie theaters are flickering back to life—and dreaming of a blockbuster summer. Exhibitors are counting on the accelerating pace of Covid-19 vaccinations to drive down the infection rate, making moviegoers more comfortable venturing out—while easing state-imposed seating limits. 

Read The Full Story →
 

In Case You Missed It

As the pandemic began last year, AstraZeneca’s Pascal Soriot, 61, was the hottest CEO in big pharma. But the events of the pandemic year have put a cloud over the Soriot success story. 

Tips You Can Trust

Across Forbes

 
NFL’s New TV Deals Will Hand Teams $300 Million A Year, And Still Won’t Drive Franchise Values Higher
 
 
 

SportsMoney

NFL’s New TV Deals Will Hand Teams $300 Million A Year, And Still Won’t Drive Franchise Values Higher

The influx of cash over the next few seasons suggests a bright future for the NFL, and a quick recovery from the lost stadium revenues of 2020. Just don’t expect to see it drive up teams’ price tags.

Follow the bottom line on the business of sports from Assistant Managing Editor Mike Ozanian. Click here to instantly sign up for a free three-week trial of the SportsMoney Premium newsletter.

Find Out More →
Photo Description Unknown
 
 
Forbes Advisor | Smart Financial Decisions Made Simple
Congress Could Extend The PPP Loan Deadline—If Lawmakers Can Act In Time

Lawmakers are in almost unanimous agreement the Paycheck Protection Program (PPP) application deadline should be extended once again—meaning businesses would be allowed to apply for a loan beyond this month.

Here's What You Need To Know →
 
 
 
How The $1.9 Trillion Stimulus Could Help You
 
 
 

Money & Politics

How The $1.9 Trillion Stimulus Could Help You
 

President Joe Biden signed the $1.9 trillion American Rescue Plan into law last week as Democrats celebrated the package as one of the most consequential anti-poverty efforts in recent history. The Organization for Economic Cooperation and Development said that thanks to the massive relief package and rapid pace of vaccinations, it now expects the U.S. economy to recover twice as fast as previously thought.

Watch
 
 
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