The opportunity ahead of us

In my two months here I have seen so much opportunity that I am more confident than ever about our future. I've also been very inspired by the talent, ambition, and resilience of the team. That's why I've decided to stay on as permanent CEO of Business Insider.

That is not to say the current situation is easy. It is not. Website scale is no longer a model for growth, and we all feel that every day.

But look at what we have: Tens of millions of YouTube subscribers. Over ten million followers on LinkedIn. More than a million subscribers to our flagship newsletter, Business Insider Today. We've built one of the largest cross-platform audiences in business journalism, with a younger audience than most of our competitors and deep engagement across the platforms where people consume news today. The monetization potential of those audiences is largely untapped, and I see significant near-term opportunities.

In addition to better monetizing that scale, we also need to become essential for a number of professional niches. That means original reporting, intel, and perspectives these audiences cannot get anywhere else and are willing to pay for. It also means must-attend events where these communities come together to learn from their peers. CMO Insider is our best case study, and we will launch more of these focused franchises in the coming months.

I'm convinced that we will succeed. What matters now is that we stay aligned as a team and develop a startup mindset again, moving with utmost urgency in the months ahead.

I am thrilled to be building the next phase of Business Insider!