Drama

Miami reinstates e-scooter pilot after brief ban

The Miami City Commission voted on Monday to reinstate its e-scooter pilot program, which it had briefly banned due to safety concerns. Shared e-scooters from companies like Lime, Bird, Helbiz and Spi

Theranos founder Elizabeth Holmes testifies in her own criminal trial

One of the biggest mysteries in former Theranos founder and CEO Elizabeth Holmes’ high-profile fraud trial was whether or not she would testify. So it was a shock late Friday afternoon when the

Pentagon announces new cloud initiative to replace ill-fated JEDI contract

The Pentagon announced a limited request for bids for a new cloud initiative today that replaces the cancelled $10 billion, decade-long JEDI contract initiative. You may recall (or not) that it previo

Inside the Realms of Ruin

“The Ruin stirs, and the Five Realms rumble,” a now-archived web announcement read on Thursday morning. “You are cordially invited to join New York Times bestselling and award-winning authors Ma

Uber Eats, Grubhub, DoorDash sue NYC for limiting fees the apps can charge restaurants

Food ordering and delivery platforms DoorDash, Caviar, Grubhub, Seamless, Postmates and Uber Eats have banded together to sue the City of New York over a law that would permanently limit the amount of

Box wins proxy board battle with activist investor Starboard Value

A battle between Box and its majority shareholder Starboard Value over control of the board ended today when the company’s slate of directors easily defeated Starboard’s. It culminated mon

The SEC and the DOJ just charged this startup founder with fraud, saying he lied to Tiger and others

Today, both the U.S. Department of Justice and the Securities and Exchange Commission charged Manish Lachwani, co-founder of mobile app testing company HeadSpin, with fraud. The SEC says he violated a

Box reports earnings early to give shareholders time to review financials ahead of board vote

Box has been in an ongoing dispute with activist investors Starboard Value over control of the board, an argument that is expected to come to a head on September 9th at the annual shareholder meeting.

The single vendor requirement ultimately doomed the DoD’s $10B JEDI cloud contract

When the Pentagon killed the JEDI cloud program yesterday, it was the end of a long and bitter road for a project that never seemed to have a chance. The question is why it didn’t work out in th

Nobody wins as DoD finally pulls the plug on controversial $10B JEDI contract

After several years of fighting and jockeying for position by the biggest cloud infrastructure companies in the world, the Pentagon finally pulled the plug on the controversial winner-take-all, $10 bi

Box takes fight with activist investor public in SEC filing

The war between Box’s current leadership and activist shareholder Starboard took a new turn today with a detailed timeline outlining the two groups’ relationship, thanks to an SEC filing and com

Department of Justice opens investigation into EV startup Lordstown Motors

Lordstown Motors continues to stumble. The beleaguered electric vehicle startup is now being investigated by the Department of Justice, in addition to an ongoing investigation by the Securities and Ex

Busy day at VMware ended yesterday with Ragurham as CEO and COO Poonen exiting

They say for every door that opens another closes, and the executive shuffle at VMware is certainly proving that old chestnut true. Four months after Pat Gelsinger stepped down as CEO to return to run

Activist investor Starboard Value makes official bid for Box board seats in letter

Last week activist investor Starboard delivered a public letter rebuking Box for what it perceives as underperformance. Today the firm, which owns 8% of Box stock, making it the company’s larges

Basecamp sees mass employee exodus after CEO bans political discussions

Following a controversial ban on political discussions earlier this week, Basecamp employees are heading for the exits. The company employs around 60 people, and roughly a third of the company appears

An Oracle exec’s brass-knuckled approach with a reporter leads to a Twitter suspension

Companies and the reporters who cover them routinely find themselves at odds, particularly when the stories being chased are unflattering or bring unwanted attention to a business’s dealings, or

This insurtech alleges its venture backer founded and funded a copycat: a founder’s ‘nightmare’

Relationships can be messy, including between startup founders and their venture investors. But in a case that takes messy to an extreme, an insurtech company in Santa Monica, California called Sure i

5 ways Robinhood’s rushed UX changes exacerbated the GameStop crisis

The GameStop debacle has been hailed by many as a first of its kind form of digital activism, with the “crowd” coming together to stick it to Wall Street, and specifically hedge funds that

VMware files suit against former exec for moving to rival company

Earlier this month, when Nutanix announced it was hiring former VMware COO Rajiv Ramaswami as CEO, it looked like a good match. What’s more, it pulled a key player from a market rival. Well, it

Nervous? Here, watch Philadelphia count votes on a live stream — that should help

No matter whom you support for President, it’s a nerve-wracking morning as many states come down to mere tens of thousands of votes. And perhaps no state looms larger than Pennsylvania, where a
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