Competition for Silicon Valley engineering talent is nothing new, but a notable example has arisen in the self-driving car field. “I’ll be direct,” said Kyle Vogt, CTO of Cruise, the self-driving taxi developer majority owned by GM, in an email this week to numerous software engineers at rival firm Zoox. “I’m writing because your company is potentially about to go through a major transition, and...
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PayPal Investors Ask for Refund on Pinterest Talks
We got a very clear sense of what investors think of the prospect that PayPal might buy Pinterest from how the two stocks reacted to news of deal talks between the companies, first reported by Bloomberg. PayPal stock dropped nearly 5%, slicing about $15 billion off the digital payment company’s market capitalization. Pinterest shares, conversely, rocketed 13%—adding $4.6 billion to the company’...
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PayPal Exploring Pinterest Acquisition
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