A federal grand jury ordered Tesla to pay $137 million for failing to stop racial harassment of a Black elevator operator in its Freemont, California auto plant. The worker, a contract employee, was subject to racist taunts and offensive graffiti when he worked there in 2015, the court found. The case marks a rare instance where a worker complaint was aired in an open court instead of behind...
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The Briefing markets startups
Forget the IPO Window. Watch for More M&A
Here’s some food for thought about initial public offerings. Yesterday I asked Brex co-CEO Henrique Dubugras when he thought the IPO window would open. His fintech company, after all, is one of many that could be beating down that door. Having raised $1.5 billion in funding, Dubugras said the company has a plan to break even off its existing funding. When I ask the IPO question, I usually...
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