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• Twitter Inc. Chief Executive Jack Dorsey, who co-founded the social media platform in 2006, stepped down from his role and was replaced by the company’s chief technology officer, Parag Agrawal. 
• Five days after Peloton Interactive Inc. sued Lululemon over a dispute surrounding Peloton’s new apparel line, Lululemon followed through on a threat to sue Peloton in return for making “copycat products.”
• Online shoppers spent $10.7 billion on Cyber Monday, according to Adobe Analytics, down 1.4 percent from last year to mark the first time the company has ever reported a decrease in spending on a major shopping day since it started tracking e-commerce in 2012.
• And although fewer Americans shopped online over Thanksgiving weekend than last year, the number of people who shopped in stores rose from 90 million to 105 million, according to the National Retail Federation.
• BuzzFeed Inc. shareholders voted to take the digital media pioneer public through a special purpose acquisition company in a deal that raised less money than anticipated, but includes the completion of BuzzFeed’s $300 million acquisition of the sports and entertainment outlet Complex Networks. The votes were cast as all 61 union employees at BuzzFeed News staged a walkout over contract negotiations.

46%

That’s the share of holiday travelers who said they expect to use loyalty points or rewards to help balance their budgets as they look for ways to offset traveling expenses.

1) Fastest Growing Brands 2021

Morning Consult

2) Holiday Dieting Proves Divisive, Even Among Those With Pandemic Pounds

Emily Moquin, Morning Consult

3) New Twitter CEO Flamed for 11-Year-Old Tweet Quoting ‘Daily Show’ Joke About ‘White People and Racists’

Andi Ortiz, The Wrap

4) Lululemon fires back at Peloton lawsuit with its own, calls rival a ‘copycat’

Jonathan Stempel, Reuters

5) How Leisure Time Became Work

Shirley Li, The Atlantic

6) Advertisers Adjust Holiday Messages to Covid-19, Supply-Chain Challenges

Suzanne Vranica and Alexandra Bruell, The Wall Street Journal

7) Leaders, you have no idea what Gen Z wants at work. Here are the myths, busted

AnneMarie Hayek, Fast Company

8) A new top job at McDonald’s that is all about understanding the customer 

Maggie Overfelt, CNBC

9) Red Friday

Scott Galloway, No Mercy/No Malice

10) Online sales over holidays on track to top $200 billion after Thanksgiving Day kickoff, Adobe says

Melissa Repko, CNBC

• US watchdog demands information from nine companies in supply chain probe (Financial Times)
• Amazon Accused of Under-Reporting Covid Cases Contracted at Work (Bloomberg)
• A federal judge blocks Biden’s vaccine mandate for U.S. health workers. (The New York Times)
• Amazon’s Audible Begins $500 Million Media Review (Ad Age)
• Hulu Pulls Doc About Astroworld Tragedy After Social Media Backlash (The Wrap)