In other news, Instacart's IPO has made significant payouts for key shareholders, but has also led to a dispute with some of the company's largest investors. Private investors are reportedly exploiting college students by turning student housing into a luxury experience with high price tags. Finally, the Federal Reserve is set to announce its decision on interest rates, and U.S. Attorney General Merrick Garland is due to testify before the House Judiciary Committee.
Key takeaways:
- At least 202 partners have left Goldman Sachs during CEO David Solomon's five-year tenure, with reasons ranging from strategic missteps to a lack of support for Solomon's vision.
- Instacart's IPO has resulted in significant payouts for key shareholders, despite a messy dispute between the company's founder and its largest investors.
- Private companies are increasingly investing in student housing, offering luxurious living experiences at high costs.
- All Elite Wrestling has become a major competitor to WWE, with its success attributed to weekly TV shows, sold-out pay-per-views, and long working hours.