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Welcome to this weekly roundup of stories from Insider's Business co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.>$4
What we're going over today:
- Travis Kalanick's stealth $5 billion startup $4.
- Amazon's most senior executives $4
- A deep dive into the $4
- Capitol Hill staffers are burned out, traumatized, and $4
- Search over 350 pitch decks that $4.
What's trending this morning:
- The US economy is barreling toward a boom: It's going to be $4.
- Jamie Dimon wants staff back in the office: The JPMorgan CEO expects the bank's employees $4
- The New York Times preps
newsletter push: Substack is trying to $4. - Walmart's healthcare leaders exit: The
retail giant is $4. - New York's $7 billion cannabis industry: It will be $4.
- Want to buy a home right now? You might have to $4.
CloudKitchens is Uber's carbon copy>$4
Hundreds of employees left Travis Kalanick's ghost-kitchen startup this year - in an exodus that reflects long-simmering tensions about leadership, secrecy, and pay. Inside the organization, people $4 reflective of Kalanick's first startup:
The Kalanick leading CloudKitchens was not changed, humbled, or reformed. He was the same Kalanick who in just a few roller-coaster years had turned Uber into a global juggernaut - at one point the world's most valuable tech startup - by barreling full speed ahead and ultimately crashing out.
In one important way, though, Kalanick has changed. The man leading CloudKitchens is incredibly concerned with secrecy and preventing any challenges to his control, and he has designed the company with that in mind.
The result is a business that looks like the old Uber - but without the guardrails. Without a VC-filled board, Kalanick, who reportedly owns about half the company, enjoys free rein to pursue his vision of reinventing the restaurant business.
Read up on Kalanick's new startup:
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