Federal prosecutors criminally charged Joe Sullivan, formerly Uber’s chief security officer, for allegedly concealing a major breach of Uber’s data in 2016. Sullivan, who was fired from Uber in 2017 over the incident, works in the same role at Cloudflare now and held the same role at Facebook before joining Uber in 2015. The irony is that Sullivan nearly 20 years ago also worked as a federal...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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