BusinessSoftwareStartups

Accidental Leadership Epidemic: Facebook Co-founder Reveals CEO Burnout as Study Shows 82% of Bosses Never Planned to Manage

Dustin Moskovitz, Facebook cofounder and former Asana CEO, reveals the exhausting reality of accidental leadership. New research indicates 82% of managers never planned to lead teams, creating a growing workplace management crisis affecting companies worldwide.

The Accidental CEO

Dustin Moskovitz, the millennial co-founder of Facebook who later established Asana, has revealed that his thirteen-year tenure as CEO was never part of his original plan, according to reports. Despite building Asana into a $3.4 billion publicly traded company, Moskovitz told Stratechery that he found the leadership role “exhausting” and fundamentally mismatched with his personality.

BusinessEconomy and Trading

American Express Posts Record Revenue as Younger Affluent Consumers Drive Premium Card Growth

American Express achieved record third-quarter revenue of $18.43 billion as affluent millennials and Gen Z members demonstrated strong spending power. The company’s premium Platinum card refresh generated unprecedented demand, with new account acquisitions doubling compared to pre-launch levels according to company reports.

Record Financial Performance

American Express reportedly posted its strongest third-quarter results in company history, with net income reaching $2.9 billion according to the earnings release. Sources indicate this represents a 16% increase compared to the same period last year, with earnings per share climbing 19% to $4.14, surpassing analyst expectations of $3.99. Total revenue net of interest expense reportedly reached an all-time high of $18.43 billion, marking an 11% year-over-year increase and exceeding the anticipated $18.05 billion. The strong performance prompted a 7% surge in American Express shares following the announcement.

BusinessWearables

Oura Smart Ring Strategy: Winning Young Women While Losing Gym Rats

Oura’s chief commercial officer reveals the company’s fastest-growing user segment is women in their early twenties, not tech billionaires. While losing some gym-focused users to competitors like Whoop, Oura maintains 80% market share with strong retention rates.

Oura’s smart ring strategy is deliberately targeting young women and corporate professionals while accepting some loss of fitness-focused male users to competitors. According to Dorothy Kilroy, Oura’s chief commercial officer, the company’s fastest-growing demographic isn’t tech billionaires like Mark Zuckerberg or wellness-obsessed executives, but rather women in their early twenties who are embracing the health tracking technology. This demographic shift comes as the wearables market fragments across different user groups and use cases.

Oura’s Market Position and Competitive Landscape