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William Alden / BuzzFeed:
Sources: after performing some pilot work, Palantir never signed full-fledged contract with NSA; Palantir CEO called CIA “recalcitrant” in 2015 staff meeting   —  Palantir Technologies, the Silicon Valley data company co-founded by billionaire investor Peter Thiel …
Apr 21, 2017, 5:05 PMIn context
William Alden / BuzzFeed:
Memo: Zenefits is laying off 430 employees, or about 45% of its staff, including 250 from its San Francisco office, as it expands workforces in Canada and India   —  Zenefits will lay off 45% of its employees in an effort to slash costs, according to an internal memo this morning that was obtained …
Feb 9, 2017, 11:25 AMIn context
William Alden / BuzzFeed:
iPad PoS startup Revel Systems hires Scott Betts as CEO after New York private equity firm buys majority stake; sources say co-founders have been dismissed   —  Silicon Valley's quest to reinvent the cash register has hit some turbulence, with a shakeup at a major startup that follows weeks …
Feb 6, 2017, 8:05 PMIn context
BuzzFeed:
Trump names Maureen Ohlhausen acting FTC chair; sources say Thiel leads search for permanent FTC chair with Joshua Wright and Sean Reyes as main contenders   —  The billionaire Facebook board member is on the hunt for candidates to chair the Federal Trade Commission and lead antitrust enforcement at the Justice Department, sources say.
Jan 26, 2017, 1:05 PMIn context
William Alden / BuzzFeed:
CEO David Sacks says Zenefits will soon launch “HR One” paid tier, offering bundles of services on top of its free core product   —  The new strategy could help the embattled human resources startup gain surer financial footing.  —  The embattled Silicon Valley startup Zenefits …
Jan 13, 2017, 12:20 PMIn context
William Alden / BuzzFeed:
Zenefits CEO David Sacks confirms he's stepping down, says search for new CEO has begun; one source says he's open to working in the Trump administration   —  David Sacks is giving up the CEO job less than a year after taking over amid a legal scandal.  —  David Sacks, the CEO of Zenefits …
Dec 3, 2016, 12:52 AMIn context
William Alden / BuzzFeed:
Source: embattled HR startup Zenefits agrees to $7M settlement with California regulators, will keep operating in the state   —  The landmark settlement in Zenefits' home state will resolve the most important regulatory inquiry facing the embattled human resources startup.
Nov 28, 2016, 5:25 PMIn context
William Alden / BuzzFeed:
Inside the breakup of Oculus backer Formation 8, which had raised $1B before harassment suit against co-founder and challenges in Asia drove founders apart   —  Brian Koo often  —  compared his business partnership with Joe Lonsdale to a marriage, and the two budding investors did seem an ideal match.
Oct 16, 2016, 1:55 AMIn context
William Alden / BuzzFeed:
Zenefits settles for $62,500 with Tennessee over insurance violations, will keep operating in state, creates precedent for talks with other regulators   —  The deal, which will allow Zenefits to continue operating in Tennessee, gives the startup a precedent to use in negotiations with regulators in other states.
Jul 25, 2016, 3:45 PMIn context
William Alden / BuzzFeed:
Document shows Peter Thiel's venture capital firm Founders Fund privately values Palantir at 40% less than its latest valuation of $20B   —  Thiel's venture capital firm privately values Palantir — the data analysis company of which he is chairman — at a 40% discount.
Jul 21, 2016, 12:22 PMIn context

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