Drama

  • 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

  • Bio
    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

  • Snowden discusses Facebook’s fake news controversy

    Snowden discusses Facebook’s fake news controversy

    Facebook is facing post-election criticism that it did not do enough to weed out fake news on the platform, allowing viral false stories to spread and influencing the election result. The social network experimented with AI and human reports to cut back on fake stories during the campaign season, and announced yesterday that it will ban fake news sites from its ad network. At Fusion’s… Read More

  • Contrary to reports, Grubhub CEO never called for Trump voters to resign

    Contrary to reports, Grubhub CEO never called for Trump voters to resign

    Emotions remain high as the country closes out its second day with a President-elect Donald Trump. Startup founders are struggling to instill confidence among employees that the culture of openness at their companies will not be affected by a President Trump. Unfortunately, some media outlets aren’t helping. Earlier this evening, Fox news published that Grubhub CEO Matt Maloney had… Read More

  • Bio
    Walgreens is suing Theranos for $140 million in Delaware

    Walgreens is suing Theranos for $140 million in Delaware

    Walgreens has filed a lawsuit against blood analysis company Theranos. Walgreens was once Theranos’ biggest partner and the startup used several of the drugstore chain’s Arizona store locations as testing sites. However, Walgreens formally severed ties with the startup in June, citing the myriad bad test results and a federal investigation as the reason for ending the… Read More

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