Facebook has reached a settlement with the U.S. government over accusations the company refused to recruit US workers for positions that it instead reserved for immigrant workers on temporary visas. Under the settlement, Facebook will pay a $4.75 million penalty as well as $9.5 million to eligible victims, the Department of Justice announced Tuesday. It’s the largest fine the department’s...
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Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds
Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to two people familiar with the matter. The Menlo Park, Calif.-based venture capital firm behind Airbnb and DoorDash expects to dedicate $1.5 billion to a U.S. growth fund focused on more mature companies, the people said....
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