Category Archives: Business

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 […]

Millenials be loving vinyl.

The Economist’s Prospero blog explains it’s millenials, not baby boomers, who are driving the boom in vinyl sales: Many consider nostalgia the driving force behind this uptick. Turntables are cheap and easy to get hold of (a Crosley costs less than $100 on Amazon) and so furnish baby boomers with a good excuse to dust […]

Your Stuff, Your Responsibility

Apple will replace a lost AirPod for $69: Following a slightly delay, Apple’s wireless AirPods are ready to order. They’re small and sleek, but the lack of cords has put a nagging thought in the back of my mind: I am guaranteed to lose one, if not both within a few weeks. If you’re equally […]

“spirals of iridescent spheres that folded in on themselves…”

A Dose of a Hallucinogen From a ‘Magic Mushroom,’ and Then Lasting Peace: None of those possibilities fit Kevin, who had a bone-marrow transplant for acute myeloid leukemia. It sent his cancer into remission, but left him with graft-versus-host disease. Suffering from chronic pain and fatigue, Kevin, 57, who lives in central Michigan and asked […]