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Silverlake Co-CEO Durban Announces Support for Dorsey

Two days after Twitter announced a $1 billion investment from private equity firm Silver Lake Partners—a lifeline that came amid a potentially bruising fight with an activist hedge fund over CEO Jack Dorsey’s future at the company—the firm’s co-CEO Egon Durban announced his support for Dorsey “for many years to come.” “I’m excited to stand with  @twitter and support the company,” Durban wrote...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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