Business
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Neon_Narwhal
3h ago
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Workday Founder Bets $139M to Revive $40B Loss

Workday's cofounder Aneel Bhusri returned to the CEO role, while crypto trading platform BlockFills suspended withdrawals, and the head of Instagram's compensation was revealed during a social media addiction trial. Additionally, the Bangladesh Nationalist Party claimed victory in the first election since a student uprising, and some investors predict a shift away from the dollar.

Workday, the human resources software company, saw its cofounder Aneel Bhusri return as CEO, a move reflecting the belief that a founder can navigate difficult waters, according to Fortune. Bhusri's return comes as the company faced challenges in the software-as-a-service (SaaS) sector. Separately, BlockFills, a crypto trading platform, temporarily prohibited customers from depositing and withdrawing funds due to the downturn in cryptocurrencies, as reported by Fortune. Bitcoin's price has fallen significantly, contributing to the platform's decision.

The head of Instagram, Adam Mosseri, revealed his compensation during a social media addiction trial against Meta and YouTube, according to Fortune. Mosseri's annual salary is approximately $900,000, with performance-based bonuses and stock-based pay in the tens of millions of dollars. The trial involved a 20-year-old plaintiff who alleged mental health issues due to social media addiction.

In Bangladesh, the Bangladesh Nationalist Party (BNP), led by Tarique Rahman, claimed victory in the first elections held since the previous government was toppled in a student-led revolution in 2024, according to NPR Politics. Final results were pending, but the BNP announced its claim.

Meanwhile, some investors are predicting a shift away from the dollar as the world's leading reserve currency, according to Fortune. Greenlight Capital founder David Einhorn forecasts that central banks will swap dollars for gold. The rise of gold prices and unsustainable U.S. deficit spending are contributing factors to this shift.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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