Home ownership has plummeted since the 2008 recession as costs rise, and Americans lack the necessary savings. Many have turned to renting due to the flexibility and less capital-intensive nature. John Kobs, Co-Founder and CEO of Apartment List, a platform helping renters find a home, joined us to discuss the current state of the rental market.
The company just announced a new partnership with Realtor.com. Kobs breaks down how this collaboration helps connect renters with properties on its platform. Apartment List will be powering all of the rental listings from the multi-family sector on realtor.com.
Earlier this year, Apartment List teamed up with Facebook to get its listings on the social media platform's marketplace. Whenever a property manager advertises on Apartment List, it will also show up on the Facebook marketplace.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
