Okta, which sells “identity management” software that companies use to let employees log into business apps and keep credentials secure, is making the biggest acquisition in its 12-year history, plunking down $6.5 billion in stock to buy Auth0, a startup that develops similar software. The deal, which amounts to about 20% of Okta’s market capitalization, reflects the growing importance of...
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Pinterest’s Tardy CEO Shakeup
What timing! No one could say they were surprised that Ben Silbermann is stepping down as CEO of Pinterest—that’s something we’ve expected for a while. After all, while he and his co-founder, Evan Sharp, built the business into a public company worth $13 billion—even after the stock plunge of recent months—Silbermann lately has been grappling with falling user numbers in the U.S. No, what is...
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