Uber’s next experiment has been hiding in Chicago. Calling itself “Pronto,” an “on-demand restaurant and hospitality staffing startup,” Uber has been advertising on LinkedIn for Windy City applicants for a new business that matches part-time workers with various businesses, according to a person with knowledge of the effort. For now, the Uber service is not related to Uber’s core business of...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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