- Staffers shared privately with Hypebot that CEO Greg Scholl's exit and yesterday's layoffs came as a complete surprise to most inside the company and were a big hit to moral.
- Investors were also less than thrilled by the changes. The Orchard's stock fell 12% yesterday during a mostly flat day on Wall Street. You can track today's progress in the Hypebot music industry stock widget in the right column of the blog.
- The rumor mill has Scholl landing in a top position outside of the music industry.
