Benchmark Capital, one of Uber’s earliest investors and largest shareholders, is suing Uber co-founder and ex-CEO Travis Kalanick on claims of fraud, breach of fiduciary duty and breach of contract. It’s an unusual and dramatic move in Silicon Valley to see a venture firm sue one of the executives it backed. Axios previously reported the […]
Read moreIt has long been known the U.S., and California in particular, have been driving forces behind the demand for Tesla Model S and Model X vehicles. What has never been clear is exactly how much of the automaker’s sales come from its home market. Tesla’s policy has been, and still remains, that it doesn’t break […]
Read moreGoogle CEO Sundar Pichai faces an all-hands meeting on Thursday afternoon that could come to define his leadership of the Alphabet unit. Two years into his tenure in the top post and after 13 years of service at Google, Pichai must calm and unite a workforce divided over the firing of former engineer James Damore. […]
Read moreBridgewater Associates founder Ray Dalio said Thursday he is concerned about the financials markets given increasing political risks in Asia and domestically. “Prospective risks are now rising and do not appear appropriately priced in,” Dalio wrote in a LinkedIn blog post. “The emerging risks appear more political than economic, which makes them especially challenging to […]
Read moreSnap will be anything but boring after the bell Thursday. That’s what the options market thinks. According to options trading data, traders expect Snap shares to move 17 percent in either direction following the company’s earnings report on Thursday after the close. That 17 percent implied is second-highest among 120 stocks reporting earnings Thursday through […]
Read moreOnce again I find myself shaking my head, amazed that in 2017 we still have to explain to men that women can actually be great engineers, mathematicians, physicists, chemists, presidents, CEOs, and the list goes one. Once again someone — in this particular case a young man, former Google engineer James Damore — felt like […]
Read moreDid you know? Remarkably, nearly two-thirds of the way into 2017, Thursday is just the sixth time all year that the S&P 500 has fallen at least 1 percent on an intraday basis. Thursday’s low is down 1.18 percent. If the S&P 500 closes down more than 1 percent, it would be just the third […]
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Bitcoin has gotten a lot of fanfare lately but not from Howard Marks, a legendary value investor on Wall Street. Marks told CNBC’s “Halftime Report” on Thursday that’s because he doesn’t understand what is the actual value of Bitcoin. “It’s not a medium of exchange, it’s a medium of trading, so I can’t see any […]
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Ryan Graves announced he would step down from an operating role at Uber on Thursday. This profile originally ran in May. Travis Kalanick has become the face of Uber, the brash and super-successful entrepreneur that “holds no prisoners” and bleeds “Uber blood.” But central to Uber’s recent unraveling is a less familiar face — Ryan […]
Read moreLet’s all assume Google CEO Sundar Pichai has a really hard day ahead of him. That’s because at 4 pm PT, the tech giant will hold an all-hands meeting to discuss the firing of James Damore and the controversial internal memo he wrote about women and their biological weaknesses related to tech that got him […]
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