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Slack CEO Butterfield to Leave Salesforce Next Month

Dec. 5, 2022 · 11:49 AM PST
In another surprising development, Slack CEO and co-founder Stewart Butterfied is heading for the exits along with two other senior Slack leaders.

Pinterest Cuts Recruiting Team, Slows Hiring

Dec. 5, 2022 · 10:56 AM PST
The company has been cutting its expenses and recently ended a creator rewards program.

Influencer Marketing Startup Grin Lays Off 60 Employees

Dec. 5, 2022 · 9:04 AM PST
CEO Brandon Brown cites “challenges in execution” as a reason for its cuts.

USDC Issuer Circle Scraps $9 Billion SPAC Deal

Dec. 5, 2022 · 7:58 AM PST
Circle generated $274 million in total revenue, including USDC interest income, in the third quarter, up nearly 14 times from $19.6 million a year ago.

E-Commerce Firm Rokt Sells Shares in Secondary Deal at $2.4 Billion Valuation

Dec. 5, 2022 · 6:02 AM PST
The deal marks a rare boost in value for an e-commerce company and gives employees and early investors a way to cash out.

Foxconn’s China IPhone Factory Could Be Back at Full Output by End December

Dec. 4, 2022 · 8:24 PM PST
The plant in Zhengzhou which had been hit by Covid and worker unrest could be back at full capacity soon, Reuters said citing a source.

DOJ Seeks Independent Examiner in FTX Case to Investigate Fraud Allegations

Dec. 2, 2022 · 1:19 PM PST
SEC, House Committee on Financial Services among other entities investigating FTX.

Amazon Entertainment Chief Jeff Blackburn to Exit Company

Dec. 2, 2022 · 11:54 AM PST
Blackburn led Amazon's media and entertainment ventures including Prime Video, Amazon Studios, Audible, Twitch and Amazon Music.  

Galaxy Wins Bid to Buy Bankrupt Crypto Lender Celsius’ GK8 Unit

Dec. 2, 2022 · 11:27 AM PST
The acquisition will add 40 new employees to Galaxy, and GK8 co-founders will stay on to lead the custodial technologies business at Galaxy.

Lawyer for Laid Off Twitter Employees Accuses Musk of Ignoring Severance Obligations

Dec. 2, 2022 · 7:57 AM PST · 2 comments
The lawyer threatened to start an arbitration campaign if Musk doesn't commit to paying severance by next Wednesday.

TPG Backs $465 Million Fund for Logistics Startups Behind China’s Export E-Commerce

Dec. 1, 2022 · 7:54 PM PST
Even as China's domestic deals are slowing down, some investors are betting on opportunities related to Chinese startups' overseas expansion.

Opendoor Replaces Eric Wu as CEO

Dec. 1, 2022 · 3:28 PM PST
Wu is at least the fifth founder-CEO of a formerly buzzy tech firm to step back this year after their companies struggled on the public markets.

Coinbase Says Apple Restricted NFT Features in Coinbase Wallet

Dec. 1, 2022 · 2:06 PM PST
Coinbase said Apple wants to subject gas fees to in-app purchases, of which Apple takes a 30% cut.

Andreessen Horowitz Shutters Its Online Publication Future

Dec. 1, 2022 · 12:31 PM PST
The venture firm launched Future in June 2021 in an attempt to directly shape the narrative around tech.

Online Wine Retailer Winc Files Bankruptcy, Meta is Top Creditor

Dec. 1, 2022 · 11:10 AM PST
Winc is the latest online DTC company to struggle after going public.

Elon Musk claims Neuralink Human Trial Is Six Months Away

Dec. 1, 2022 · 8:13 AM PST · 1 comment
The company is working on technology to enable humans to communicate with computers using their minds.

TSMC to Make More Advanced Chips in U.S. Plant

Nov. 30, 2022 · 11:19 PM PST
Taiwan Semiconductor Manufacturing Co. is upgrading the chips it plans to make in its Arizona plant after requests for better chips from U.S. clients including Apple.

Sam Bankman-Fried Denies Knowingly Dipping Into Customer Assets

Nov. 30, 2022 · 8:39 PM PST
The former FTX CEO said he thinks FTX US is fully solvent.

Musk Retracts Claims that Apple Considered Removing Twitter from App Store

Nov. 30, 2022 · 4:45 PM PST
Musk struck a conciliatory tone, days after complaining about Apple’s in-app purchase fees and accusing Apple of slowing its ad spending on Twitter.

TikTok’s CEO Pushes Back at Concerns About Data Security

Nov. 30, 2022 · 3:12 PM PST
The CEO also insisted he was responsible for all strategic decisions at TikTok.