Facebook has added two more board members, ending a period of unusually high turnover for the social network’s group of directors. The new appointments are Nancy Killefer, a former partner at McKinsey and ex-CFO for the U.S. Treasury, and Tracey T. Travis, the CFO of Estée Lauder. Both are filling board positions lost through a string of departures last year that included Susan Desmond-Hellmann,...
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The Hullabaloo of Zuzalu: Inside the Secret Pop-up City of Vitalik Buterin’s Dreams
Until it reached its planned obsolescence last week, the mythical city of Zuzalu was an intellectual wonderland. Days at Zuzalu began shortly after dawn at the edge of the Adriatic Sea. In the pursuit of an infinite life, Zuzalans (as they self-identify) enjoyed submerging themselves in the frigid waters of Montenegro at 8 a.m.—and again at 1 p.m., depending on their level of...
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.