StyleSeat co-founder and CEO Melody McCloskey talks about the growth of her company, as well as the lack of women in Silicon Valley boardrooms. StyleSeat allows users to find spas and salons and book appointments, while also allowing those businesses to grow.
McCloskey says the StyleSeat platform empowers beauty professionals, which in turn means it empowers women since 75% of workers in the industry are female. The CEO says fundraising was very hard in the beginning since it was nothing VCs had ever seen before.
McCloskey addresses the accusations of sexism and harassment surrounding Uber CEO Travis Kalanick, who was an early investor in StyleSeat. McCloskey explains all of her interactions with Kalanick have been "very supportive." McCloskey can't talk about revenue goals but says StyleSeat has been profitable for a while now.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
