[ad_1] Leaked internal data shows that Wayfair’s leadership is 79% white, according to a survey released in late March. Just 3% identified as Hispanic or Latino, 1% identified as Black or African American, and 15% identified as Asian, according to …
Read More »The Pentagon stands by its decision to reject Oracle’s bid for the $10 billion JEDI cloud contract: It's 'not in the same class' as Microsoft and Amazon (ORCL, MSFT, AMZN, GOOG, IBM)
[ad_1] The Pentagon said Oracle is “not in the same class” as rivals Microsoft and Amazon, the finalists in the contract bid process for the $10 billion JEDI cloud project. Oracle had filed a lawsuit challenging the Defense Department’s decision. …
Read More »A key metric on FedEx's balance sheet underscores why the shipping giant dropped Amazon as a customer (AMZN, FDX)
[ad_1] FedEx Express, the company’s air cargo segment, has ended its relationship with Amazon. According to FedEx’s most recent quarterly report, the company certainly needs fewer Amazon-like customers — ones with huge volumes but low margins. Package volume through FedEx’s …
Read More »Tesla is reportedly trying to make its own battery cells as its relationship with Panasonic becomes more tense (TSLA)
[ad_1] Tesla is attempting to develop its own battery cells, CNBC’s Lora Kolodny reported, citing five current and recent employees. The electric-car maker is reportedly creating designs and prototypes for lithium-ion battery cells at what CNBC refers to as a …
Read More »Intel is putting about 8,500 patents on the auction block as the chip giant exits the 5G smartphone market (INTC, AAPL)
[ad_1] Intel is putting about 8,500 of its 90,000 patents on the auction block as it exits the 5G smartphone modem market. The chip giant surprised the tech world in April when it said it was abandoning the market for …
Read More »A new study found a link between the number of racist tweets and real-life hate crimes in 100 US cities (TWTR)
[ad_1] Twitter has been widely criticized for failing to curb hate speech, harassment, and abuse. A recent study out of NYU found a correlation between the number of racist tweets and the amount of racially motivated hate crimes reported in …
Read More »Almost 100 Google employees are petitioning San Francisco Pride to ban Google from sponsoring and participating in the parade — read the full letter here (GOOG, GOOGL)
[ad_1] Almost 100 Google employees have petitioned San Francisco Pride’s board of directors to exclude the company from marching in and sponsoring the parade. “Whenever we press for change, we are told only that the company will ‘take a hard …
Read More »This is the 19-slide pitch deck two 22-year-olds used to nab $57 million in funding from Silicon Valley
[ad_1] Technology is shattering legacy financial systems that can’t keep pace with market demand — and Brex is at the forefront. It’s one of fintechs buzziest startups, aiming to rebuild B2B financial products starting with corporate cards for technology companies. …
Read More »Trump threatens to sue Facebook and Google and rails against big tech companies for being 'totally biased'
[ad_1] President Donald Trump threatened Google and Facebook with potential lawsuits, and claimed Silicon Valley’s tech giants are biased against Republicans, in an interview with Fox Business on Wednesday morning. “We should be suing Google and Facebook, which, perhaps we …
Read More »Technology companies just testified in Washington about how Trump's next round of China tariffs could hurt them. Here's what they said.
[ad_1] Hundreds of company and industry representatives descended on Washington this month to testify about proposed escalations in the yearlong US-China trade war. Many technology firms warned during the first two days of hearings that plans to target another $300 billion worth …
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