[ad_1] Disgraced ex-WeWork CEO Adam Neumann reportedly intends to sue the coworking firm’s major backer, SoftBank, for reneging on a $3 billion offer to buy WeWork shares. That’s according to a letter seen by Bloomberg, which was sent by SoftBank’s …
Read More »A Silicon Valley lawyer who works on tech offerings thinks the IPO window could reopen later this year. But he says only a very small group of companies will be able to go public.
[ad_1] Startups hoping to go public could have a window of opportunity in September and October, assuming the economy and markets, upturned by the coronavirus crisis, have stabilized by then, said Rick Kline, who works with companies preparing for IPOs …
Read More »The new CEO of IBM said it's withdrawing its outlook amid deep uncertainty in the market, but he vowed a new period of growth 'as we emerge from the pandemic' (IBM)
[ad_1] Arvind Krishna gave his first earnings report as the tech giant’s new CEO, breaking with his predecessor’s style by actually leading the call with Wall Street analysts. Krishna said the company faces much uncertainty, but he said IBM was …
Read More »Jennifer Morgan is stepping down as co-CEO of SAP after just 6 months, with Christian Klein staying on as solo CEO (SAP)
[ad_1] SAP co-CEO Jennifer Morgan is stepping down after just six months in that position. Christian Klein will remain as solo CEO. SAP said the company decided that a dual CEO structure was not ideal for the current market which …
Read More »Some wealthy Silicon Valley bigwigs have reportedly already scurried to their doomsday shelters in New Zealand
[ad_1] Some wealthy Silicon Valley execs have reportedly already escaped to their doomsday hideout shelters nestled in New Zealand during the COVID-19 pandemic. Those with money in the Valley, as well as in other lucrative industries, have become known in …
Read More »Joe Biden's latest ad said Trump 'rolled over for the Chinese' on coronavirus, and people are calling it racist and xenophobic
[ad_1] Presidential candidate Joe Biden released a new advertisement on April 18 that criticizes President Trump’s response to the coronavirus pandemic. The ad focuses on Trump’s relationship with the Chinese government, saying that he “rolled over for the Chinese” and …
Read More »OTT Explains: What Is a TIFF File?
[ad_1] Some of the most common image formats that you’ve probably heard of and used many times before are GIF, JPEG, and PNG. Each serves a very particular purpose that we’ve come to know and appreciate across an internet of …
Read More »Former presidential candidate Andrew Yang says the venture capital industry is not capable of fulfilling Marc Andreessen's mission to build solutions to the biggest problems
[ad_1] Marc Andreessen wrote an essay arguing that America’s failed response to the coronavirus pandemic is due to the country’s “widespread inability to build.” According to Andrew Yang, the former presidential candidate, Andreessen’s essay misses a key explanation for why …
Read More »Amazon is facing multiple inquiries from labor regulators into whether it unlawfully retaliated against workers who spoke out about its coronavirus response (AMZN)
[ad_1] The National Labor Relations Board is looking into multiple claims by Amazon workers that the company unlawfully retaliated against them for speaking out against its coronavirus response, BuzzFeed News reported Saturday. The NLRB is required by law to follow …
Read More »A photojournalist captured aerial pictures of a mass grave being built in New York City before police confiscated his drone
[ad_1] Police have confiscated the drones of at least two photojournalists attempting to take aerial photos of a mass grave being built in New York City. The city is burying unclaimed and anonymous victims of COVID-19 on Hart Island, a …
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