More Bad News For Zenefits: Biggest Client Jet.com Left Just Before CEO Resigned
Jet dropped the human resource company to look for better solutions for its rapidly growing company. In other marketplace news, FitBit sees a boost on news that Salesforce CEO Mark Benioff bought a stake in the company.
The San Francisco Business Times:
Zenefits Lost Its Biggest Client Days Before CEO Resigned
Days before losing its CEO amid a regulatory compliance scandal, San Francisco-based human resources company Zenefits lost its biggest client, the company confirmed Wednesday. (McDermid, 2/10)
The San Francisco Business Journal:
Fitbit Shares Soar On 'Benioff Boost' As Salesforce CEO Takes Stake
Salesforce CEO Mark Benioff has taken a 5.3 percent stake in San Francisco-based Fitbit, news that sent shares of the fitness tracking company up more than 5 percent in trading Wednesday. Fitbit (NYSE: FIT) has seen its share price crater more than 30 percent over the last month, but a "Benioff boost" could be good news for the Bay Area wearables company. The stake was revealed in a filing with the Securities and Exchange Commission on Tuesday. (McDermid, 2/10)