Nutanix, which sells software for managing computing and storage in data centers, triggered a selloff after its sales forecast for the current quarter fell well short of Wall Street’s expectations. But CEO Dheeraj Pandey says Nutanix isn’t losing deals to its main rival, VMware. Nutanix beat Wall Street’s revenue forecast and posted a narrower-than-expected net loss for its fiscal...
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Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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