The price of ethereum crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange on Wednesday, which is being blamed on a “multimillion dollar market sell” order. Ethereum is an alternative digital currency to bitcoin and had been trading as high as $352 on Wednesday. Adam White, […]

Travis Kalanick‘s final hours as Uber’s chief executive played out in a private room in a downtown Chicago hotel on Tuesday. There, Mr. Kalanick, who was on a trip to interview executive candidates for Uber, was paid a surprise visit. Two venture capitalists — Matt Cohler and Peter Fenton of the Silicon Valley firm Benchmark, […]

Omada Health, one of the most highly funded digital health companies in Silicon Valley, has laid off about 20 people in departments across the organization. Omada has developed a diabetes prevention program that is geared to roughly 1 in 3 Americans at high risk for the disease. What makes it a tech company is that […]

Bill Gurley, an outspoken venture capitalist at Benchmark, is in talks to leave Uber’s board, a source told CNBC. Benchmark partner Matt Cohler will replace Gurley effective immediately, a source said. Bloomberg and The New York Times previously reported the news. Gurley was reportedly instrumental in the resignation of CEO Travis Kalanick this week, although […]

Tech entrepreneurs and venture investors are heading to the White House tomorrow to meet with government officials, and the President, to discuss the potential impact of emerging technologies on industrial workers in the U.S. The meeting was organized by the Office of Science and Technology Policy, now led by Deputy CTO Michael Kratsios, formerly chief […]

Artificial intelligence may still be in its nascent stage, but the technology has a bright future ahead as companies big and small continue to invest in it and develop their expertise, according to the a senior executive at Chinese tech giant Tencent. In an interview with CNBC, Dowson Tong, executive vice president and social network […]

Amazon on Wednesday moved to drop its non-compete lawsuit against a former employee just one week after filing the suit. The case came about when Gene Farrell sought to leave a leadership position in Amazon’s public cloud division, Amazon Web Services (AWS), and join Smartsheet, a work management software company based in the Seattle area. […]

With investors in an endless conflict of growth versus value, Jim Cramer said that while the high-growth names fly, stocks on the other side of the spectrum are sliding dramatically. In fact, as growth stocks climb, value names get battered, with oil slipping to a 10-month low, most retailers continuously struggling and anything auto-related getting […]

As major U.S. telecommunications providers get ready to launch their 5G networks, Red Hat CEO Jim Whitehurst said his company is poised to be a major benefactor of the shift. “All the major telcos are going to a technology called OpenStack, and we’re the largest provider of OpenStack, we’re the largest contributor to that whole […]

Former Uber CEO Travis Kalanick long resisted two things: Approving tips that would boost the income of Uber drivers, and making it easy for Uber employees to get rich by selling shares in the company. “Uber has the most draconian stock-transfer rules in Silicon Valley,” says Barrett Cohn, founder and managing director of Scenic Advisement, […]