Fresh off its IPO, Uber’s board is shrinking from 12 members to nine. On Wednesday Uber said director Matt Cohler, a partner at one of Uber’s early VC backers, Benchmark, would step down. Also leaving is Arianna Huffington, who had been appointed to the board by then-CEO Travis Kalanick in 2016. Ms. Huffington tweeted that she needed to spend more time on her company Thrive. Shortly after the...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
TikTok CEO To Testify Before Congress
SoftBank’s Ex-COO Claure to Join Shein as Head of Latin America
Biden Administration May Fully Cut Off Huawei From U.S. Suppliers
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So much for Facebook’s efforts to become less political. Meta Platforms’ decision Wednesday to allow former President Donald Trump back onto both Facebook and Instagram threatens to undermine efforts Meta has made over the past two years to reduce the amount of political content people see in their Facebook feed.