Ryan Breslow, the co-founder of $11 billion-valuation e-commerce checkout software startup Bolt, has stepped down as CEO one week after he published a series of controversial tweets that referred to Stripe and Y Combinator as “the Mob Bosses of Silicon Valley.” Maju Kuruvilla—who joined the Miami-based startup in early 2021 as its chief technology and product officer and was later...
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SEC Probes Whether SoftBank-Backed Messaging App Misled Investors
The Securities and Exchange Commission has been investigating whether SoftBank-backed messaging app IRL violated securities laws, including in the way the startup described its business performance during talks with investors, according to people with knowledge of the situation. The SEC investigation began after The Information reported in May that some IRL employees had expressed concern to...
Plaid Cuts 20% of Staff After Growth Falls Short
U.S. National Security Deal on TikTok Held Up on Security Concerns
Pinterest Adds Elliott Management Executive to its Board
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Microsoft Eyes ‘Super App’ to Break Apple and Google’s Hold on Mobile Search
Microsoft recently considered building a “super app” that could combine shopping, messaging, web search, news feeds and other services in a one-stop smartphone app, in what would be an ambitious move by the software giant to expand further into consumer services, according to people with direct knowledge of the discussions.