Techmeme

Results 1 - 10 of about 92:

The Information:
Sources: SoftBank discussed deal with Benchmark to buy Uber shares from existing shareholders at $40B-$45B valuation and invest an additional $1B at $70B   —  Three weeks ago, Benchmark partners Matt Cohler and Peter Fenton flew into Sun Valley, Idaho for a private meeting with Masayoshi Son of SoftBank …
Aug 4, 2017, 9:30 PMIn context
Alfred Lee / The Information:
Analysis: only about 100 current or former Snap employees have profited on paper from their stock gains; the remaining employees are currently underwater   —  Many early Snap shareholders were freed to sell stock starting Monday, but judging by the fact that the stock barely moved, few did.
Aug 1, 2017, 1:36 PMIn context
Reed Albergotti / The Information:
Source: Jawbone to be liquidated, as founder Hosain Rahman moves to his new startup, Jawbone Health Hub, providing health-related hardware and software services   —  Jawbone, the consumer electronics firm once valued at $3 billion, is going out of business.  The company has begun liquidation proceedings …
Jul 6, 2017, 5:15 PMIn context
Amir Efrati / The Information:
Sources: secret Uber program “Hell” created fake Lyft rider accounts to track Lyft driver locations, and identified individual drivers using Lyft vulnerability   —  As the ride-sharing market was exploding in the U.S. between 2014 and the early part 2016, Uber had an advantage …
Apr 12, 2017, 10:45 PMIn context
Amir Efrati / The Information:
Seoul escort bar visit by Uber CEO, Emil Michael, and others in 2014 led to HR complaint; Kalanick's ex-girlfriend says Michael asked her to lie about visit   —  A woman who dated Uber CEO Travis Kalanick for three years, Gabi Holzwarth, says she was with Mr. Kalanick when he and a team …
Mar 25, 2017, 2:10 AMIn context
Amir Efrati / The Information:
Sources: Alibaba-backed mobile search company Quixey, which raised more than $130M, in process of shutting down   —  Quixey, a seven-year-old mobile search company that raised more than $130 million from Alibaba Group and others, is in the process of shutting down, said a person with direct knowledge of the situation.
Mar 8, 2017, 9:00 PMIn context
Kevin McLaughlin / The Information:
Source: Amazon considers bundling upgraded WorkMail, WorkDocs, and Chime apps in a new AWS productivity suite to compete with G Suite and Office 365   —  Amazon Web Services dominates the market for cloud server and storage services and has made inroads in other enterprise technologies like databases.
Feb 24, 2017, 11:35 AMIn context
Reed Albergotti / The Information:
Sources: Fitbit to announce on Monday it will cut 5% to 10% of its ~1600 employees, amid a weaker-than-expected quarter; source says cuts will save firm ~$200M   —  Fitbit is to cut between 5% and 10% of its employees, the company will announce on Monday, while disclosing that its fourth-quarter results were below expectations.
Jan 29, 2017, 9:25 PMIn context
Tom Dotan / The Information:
Source: Zenefits searching for a possible replacement for CEO, less than a year after David Sacks took the position   —  Zenefits is trying to recruit senior managers who could replace CEO David Sacks, less than a year after he took over from embattled co-founder Parker Conrad, according to a person close to the company.
Dec 2, 2016, 8:25 PMIn context
Reed Albergotti / The Information:
Sources: Fitbit to buy Pebble for “small amount”   —  Fitbit, the leader in the fitness band market, is near a deal to acquire smartwatch maker Pebble, according to three people briefed on the deal.  —  The price couldn't be learned but it is thought to be for a small amount.
Nov 30, 2016, 10:41 PMIn context

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