Drama

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    A new lawsuit alleges anti-aging startup Elysium Health hasn’t paid its sole supplier

    A new lawsuit alleges anti-aging startup Elysium Health hasn’t paid its sole supplier

    Chromadex, the sole supplier of anti-aging startup Elysium Health‘s two main product ingredients pterostilbene and Nicotinamide Riboside (NR), is suing the startup for failure to make payments on those ingredients and for breach of a trademark and royalties agreement. According to a document on Chromadex’s website, dated December 29, 2016, Elysium “made… Read More

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    Arizona plans to sue Theranos over faulty blood tests

    Arizona plans to sue Theranos over faulty blood tests

    Arizona Attorney General Mark Brnovich is soliciting outside legal counsel to pursue a consumer fraud lawsuit against the beleaguered blood testing startup Theranos, according to a document posted on the state’s procurement website. Brnovich has so far declined to comment on any action, but the document contends Theranos may have defrauded customers in the state and the office is… Read More

  • Strange new lawsuit against longtime investor Michael Goguen gets dropped

    Strange new lawsuit against longtime investor Michael Goguen gets dropped

    Early last month, we told you about a bizarre new lawsuit involving longtime venture capitalist Michael Goguen, whose career at Sequoia Capital ended early last year after he was sued in a salacious breach of contract suit that accused him of sexually mistreating a woman named Amber Baptiste, then refusing to honor an elaborate financial arrangement they’d made. Baptiste and Goguen… Read More

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    Theranos slashes another 41 percent of its workforce

    Theranos slashes another 41 percent of its workforce

    Not a week goes by and it seems like we hear more bad news about Silicon Valley’s darling turned cautionary tale Theranos. The latest bit is a whopping 155 layoffs at the company today. The one drop blood test company once worth $9 billion took a quite the tumble from grace after an intense series of investigations from the Centers for Medicare & Medicaid Services and the U.S. Food… Read More

  • Lawsuit claims Snap Inc. hasn’t been honest about its pre-IPO performance metrics

    Lawsuit claims Snap Inc. hasn’t been honest about its pre-IPO performance metrics

    Against the backdrop of an imminent public offering, one former Snap Inc. employee is claiming in a lawsuit that the company inflated its performance metrics to lure investors. Anthony Pompliano, the one-time head of Snap’s growth and user engagement team, is seeking an injunction and monetary relief after being fired just three weeks into his tenure. Mr. Pompliano, now a… Read More

  • Eaze CEO steps down

    Eaze CEO steps down

    Keith McCarty, founder of the well-funded pot delivery startup Eaze, is stepping down from his position as CEO. Instead, the startup’s chief product and technology officer Jim Patterson will take on the role and McCarty will remain on the board of directors “as a strategic advisor on company growth,” says a blog post on the site announcing the change of roles. McCarty… Read More

  • Fading anonymous social network Yik Yak is laying off most of its employees

    Fading anonymous social network Yik Yak is laying off most of its employees

    Yik Yak, the once universally recognized anonymous social network that virally took over college campuses back in 2014, is planning to lay off a “significant” number of employees, first noted by The Verge. The company is said to be retaining mostly engineers as it notified its team of about 50 employees earlier this morning. In a statement to TechCrunch, Tyler Droll, CEO of Yik… Read More

  • What’s next for tech companies in the Brexit debate

    What’s next for tech companies in the Brexit debate

    Crowdpac’s Steve Hilton, a passionate advocate of Brexit, has few points of agreement with Daniel Korski, a former advisor to David Cameron and an organizer of the Remain campaign. But the two could agree on at least one thing — the U.K. is headed for a so-called hard Brexit that will have negative ramifications for the technology and business sectors. “My sense is that they… Read More

  • Red carpet roundup: Silicon Valley goes Hollywood for 2017 Breakthrough Prize Ceremony

    Covering a red carpet isn’t usually a skill in the repertoire of tech journalists, but it’s also not every day that you get to see Vin Diesel and Kevin Durant on the same stage as Mark Zuckerberg, Priscilla Chan and Sergey Brin. If the White House Correspondents’ Dinner is nerd prom, the Breakthrough Prize Ceremony is nerds taking over Ibiza. During the event, $24… Read More

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