Drama

I want to forget Elon’s dumb $420 tweet, but y’all won’t let me

Elon Musk hasn’t tweeted in 10 days, but his Twitter account is once again news because time is a flat circle. This is why we must now scrunch our faces, cock our heads to one side and strain to

Bird CEO Travis VanderZanden steps down as president

Shared micromobility company Bird’s board of directors has appointed Shane Torchiana as president of the company, replacing the company’s CEO and founder Travis VanderZanden. The new roles

FTC hammers Walmart over years of ‘facilitating’ money transfer scams

The Federal Trade Commission is suing Walmart for sitting by while scammers bilked customers out of more than $197 million, the agency alleged in a statement on Tuesday. It’s seeking a court ord

Tesla lays off nearly 200 Autopilot workers, shutters San Mateo office

Tesla has gutted the data annotation team working on Autopilot, laying off nearly 200 employees and shutting down the San Mateo, California office where they worked. The layoffs, first reported by Blo

After several bruising months, industry analysts see Zendesk sale as pressure release

Maybe now, as Zendesk goes private, it can take a deep breath and get back to work outside of the white-hot public investing spotlight where activist investors can lurk, sometimes wreaking havoc.

Zendesk’s final selling price is a warning shot for unicorns

Zendesk selling for a mid-single-digit multiple with positive free cash flow, 30% revenue growth and a recent re-acceleration of top-line expansion should be downright terrifying for unicorns.

Zendesk drama concludes with $10.2 billion private equity acquisition

Zendesk has had a difficult time over the last several months. It has been hounded by activist investors, Jana Partners. It turned down a $17 billion acquisition in February believing it was worth mor

Former Tesla worker rejects $15M payout in racial abuse lawsuit

A Black former worker at Tesla’s Fremont, California assembly plant has rejected a $15 million payout from the automaker in a lawsuit alleging racial abuse by co-workers. A judge gave the worker

How disruptive could a Nike-owned resale platform be?

Last month, we learned Nike is accusing StockX of knowingly selling fake Jordans. Originating earlier this year, the now-amended lawsuit was initiated, with Nike suing the marketplace over their relea

Zendesk punished by investors after vowing to remain independent

Does the spurned $17 billion offer from earlier this year appear more attractive in light of the current downturn? Sure, but enough to put Zendesk's decision to decline in doubt? Let’s find out.

Wow, Facebook really knows how to give someone a send-off!

So much for that touching goodbye post to Sheryl Sandberg that Mark Zuckerberg posted just 9 days ago, when after a 14-year run at Facebook — now Meta Platforms — Sandberg said she was resigning f

EV SPAC Faraday Future now has the attention of the DOJ

Amid an investigation by the Securities and Exchange Commission into inaccurate statements to investors, Faraday Future has received a preliminary request for information from the U.S. Department of J

Tesla accuses civil rights agency of unlawfully suing for racial discrimination

Tesla has accused the California Department of Fair Employment and Housing (DFEH) of failing to conduct proper investigations before it sued Tesla for racial bias at its assembly plant, according to a

Twitter will hand over internal data to soothe Musk’s bot fears

Elon Musk’s wishes for more information about Twitter bots might just get granted. Twitter is planning to offer its presumptive buyer its full “firehose,” or a comprehensive stream o

Judge says former Tesla worker has 2 weeks to accept $15M payout over racial abuse

A federal judge told Owen Diaz, a former elevator operator at Tesla, that he has 2 weeks to decide whether he wants to accept $15 million in damages over racial abuse at the automaker’s Fremont,

Twitter investors sue Elon Musk over acquisition shenanigans

The world’s richest man isn’t above trying to get a discount, apparently. In a new lawsuit, Twitter shareholders are suing Elon Musk, alleging that he manipulated the price of the company&

Twitter agrees to pay $150M for breaking privacy promises

Twitter has agreed to pay $150 million as part of a settlement with regulators over allegations that the social media company misrepresented the “security and privacy” of user data over se

Everything you wanted to know about Elon Musk and Twitter (but didn’t want to ask)

So you want to know what’s going on with Elon Musk and Twitter, but you thought maybe it’s a little too late to ask your tech-obsessed buddies for the lowdown. You’ve come to the rig

Founder alleges that YC-backed fintech startup is ‘copy-and-pasting’ its business

A new startup lifting elements of competing businesses is far from unusual in today’s venture world, but sometimes competing founders don’t find the imitation all that flattering. Andy Bro

NHTSA probes Tesla Autopilot crash that killed three people

A U.S. federal agency is investigating a crash involving a 2022 Tesla Model S that may have been operating in Autopilot during a crash that killed three people. Autopilot is Tesla’s advanced dri
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