Category Archives: Business

C.E.O.s Disbanding

Trump’s Council of C.E.O.s in Disarray Following Remarks on Protest: President Trump’s main council of top corporate leaders appeared on the verge of disbanding on Wednesday, said people briefed on the matter, following controversial remarks from Mr. Trump on Tuesday when he equated white nationalist hate groups with the protesters opposing them. Late Wednesday morning, […]

Paying for Shit

SoundCloud stays afloat with emergency investment, as CEO steps aside: SoundCloud today announced that it has closed the investor round necessary to keep it going for the foreseeable future. As part of the agreement, Alex Ljung will step aside and former Vimeo leader Kerry Trainor will become SoundCloud’s new CEO, with Mike Weissman as COO. […]

Dickheads in Tech

The latest dickeads-in-tech news comes from Google this week: Alphabet Inc.’s Google has fired an employee who wrote an internal memo blasting the web company’s diversity policies, creating a firestorm across Silicon Valley. James Damore, the Google engineer who wrote the note, confirmed his dismissal in an email, saying that he had been fired for […]

Uber’s Chief Douchebag is Out

Uber Founder Travis Kalanick Resigns as C.E.O. Travis Kalanick stepped down Tuesday as chief executive of Uber, the ride-hailing service that he helped found in 2009 and built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company. Mr. Kalanick’s exit came under pressure after hours […]

Uber, Context Is Everything

David Bonderman Resigns From Uber Board After Sexist Remark: David Bonderman, an Uber board member and partner at private equity firm TPG, resigned from the board of the ride-hailing company after he made a disparaging remark about women at an Uber meeting on Tuesday. Earlier in the day at an Uber staff meeting to discuss […]

From the Top, Down

As if there weren’t enough scandals at Uber already, here are just a few headlines from the past week: A Top Uber Executive Departs, Fraying the Company’s ‘A-Team’ Uber’s CEO Searches for Enlightenment in Company Lactation Room Uber Weighs Leave of Absence for Chief Executive Uber’s Travis Kalanick offered sex rules for 2013 party Regardless […]

Apple’s $1 Billion US Manufacturing Boost

Apple just promised to give US manufacturing a $1 billion boost: Apple CEO Tim Cook said that his company will start a $1 billion fund to promote advanced manufacturing jobs in the United States. “We’re announcing it today. So you’re the first person I’m telling,” Cook told “Mad Money” host Jim Cramer on Wednesday. “Well, […]

Rather Than Innovate, Sue Them

Inside the Hotel Industry’s Plan to Combat Airbnb: Last year, Airbnb underwent a rough regulatory patch. The short-term rental company became a Federal Trade Commission target last summer after three senators asked for an investigation into how companies like Airbnb affect soaring housing costs. In October, Gov. Andrew M. Cuomo of New York signed a […]

Snap’s Valuation

How a Money-Losing Snap Could Be Worth So Much: By the end of 2016, Snapchat had 158 million daily active users. By comparison, Instagram, probably the closest comparison and a formidable competitor to Snapchat, had about 30 million users when Facebook bought it in 2012 for what was then considered an eye-popping price of $1 […]

Greyball

How Uber Deceives the Authorities Worldwide: At the time, Uber had just started its ride-hailing service in Portland without seeking permission from the city, which later declared the service illegal. To build a case against the company, officers like Mr. England posed as riders, opening the Uber app to hail a car and watching as […]

Figure Out the Money, Twitter

Twitter Struggles to Capitalize on Influence and Posts Lackluster Earnings: Sports fans were glued to it during the Super Bowl. Millions used it to track American election night results. In the morning, the president of the United States sends a daily missive in the form of a tweetstorm. “You don’t go a day without hearing […]

“expanding” as a euphemism for “outsourcing”

Zenefits Is Laying Off Almost Half Its Employees: Zenefits will lay off 45% of its employees in an effort to slash costs, according to an internal memo this morning that was obtained by BuzzFeed News, a stark acknowledgment by the embattled human resources startup that its onetime expectations for growth were vastly inflated. Roughly 430 […]