CBX Daily 7/16/2024

Author

Claire Moraa
July 16, 2024

Today a nosedive in IPO’s demand determines its fate, but let’s start with how Google’s cleanup starts with a clean slate…

Cultural Intelligence Download

Google Cleans House By Erasing Browsing Record History

CBX Vibe

Google (GOOG -0.77%) is finally settling a four-year old class action lawsuit. The tech giant was accused of improperly tracking the web-browsing habits of users who believed their activities were private in Incognito Mode. This private browsing option is designed to provide a cloak of anonymity, shielding users' digital footprints from prying eyes. However, the plaintiffs alleged that Google's actions betrayed this fundamental promise, intentionally deceiving millions of individuals who believed their online escapades remained concealed.

IPO Demand Is Waning Down 12% Globally?

CBX Vibe:

Wall Street seems to have pumped the brakes on Initial Public Offerings (IPO) as the markets continue their roller coaster run. Globally, IPO demand is waning down 12% as companies continue trading below their offer price. Herein lies the problem, fund managers tend to shy away from new issues, if recent ones they have bought are performing badly. This could keep IPO activity in the doldrums for the remainder of the year.

Is FemTech Changing Women’s $65 Billion Healthcare Market?

CBX Vibe:

Solutions tailored for subpopulations are emerging for Black women in the “FemTech” space. Products ranging from menstrual shapewear, fertility products, and healthcare networks have been created with the sole purpose of catering to the unique needs of women. Investors have increasingly supported a growing number of female-led, women’s health startups with the industry worth $22.5 billion in 2020 and expected to grow to $65.3 billion by 2027.

Women & People Of Color Drive Streaming Film Triumphs

CBX Vibe:

In 2023, women were the majority audience for nine of the top ten film releases and 17 of the top 20 by household ratings. Their share of streaming viewership rose to 31%, up from 25% in 2022. The surge in diverse viewership in streaming platforms marked a pivotal moment, showing a shift in the dynamics of the film industry. Women and people of color are not just passive content consumers but are increasingly taking charge in creating and producing films.

Gen Z & AI Experts In, Chief Transformation Officers Out

CBX Vibe:

As we enter a new era in the workforce, the traditional C-suite landscape is moving toward a rapid transformation. The relentless pace of artificial intelligence (AI) innovation is expected to make several critical executive roles, particularly chief transformation officers, obsolete within the next five years, marking the emergence of a new landscape where chief AI officers and chief information/data officers will become more prominent.

Vibes of the Week

”No Question” as Google gets to deleting browser records. Accountability we like to see. Bump into this Tyga and Sabrina Claudio tune in our CBX Vibes!