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“#Theranos whistleblower toasted Elizabeth Holmes verdict” The ex-Theranos employee who blew the whistle on fraud at the blood-testing company where his grandfather — former Secretary of State George Shultz — was a board member says he popped a bottle of Champagne when he heard of Elizabeth Holmes’ conviction. Tyler Shultz said he felt vindicated after…
“#Theranos founder Elizabeth Holmes found guilty on some fraud charges” A federal jury found Thernaos founder Elizabeth Holmes guilty of fraud on Monday. Holmes was unanimously found guilty of three counts of wire fraud and one count of conspiracy to commit wire fraud. She was found not guilty of four more charges and the jury…
“#Elizabeth Holmes jury fails to reach verdict as deliberations drag into sixth day” Jurors in Theranos founder Elizabeth Holmes’ fraud trial started their sixth day of deliberations on Wednesday, with Silicon Valley observers anxiously awaiting a verdict. Holmes is facing 11 fraud and conspiracy charges and up to 20 years behind bars for allegedly lying…
“#Apple offers employees up to $180K bonus to stop defections to Facebook parent Meta: report” Apple is paying out surprise bonuses of up to $180,000 to software engineers in a bid to stop employees from defecting to other big tech companies including Facebook parent Meta, according to a new report. Select engineers across the company…
“#Jack Dorsey blocked on Twitter by Marc Andreessen over ‘Web3’ tiff” Twitter co-founder Jack Dorsey has been blocked on Twitter — the social network he co-founded — by venture capitalist Marc Andreessen amid a growing tiff over the trendy crypto concept of “Web3”. Dorsey — who stepped down from the helm of Twitter last month…
“#CEO buddies under scrutiny in $4B Zendesk and Momentive merger” Could a selfie sink a $4 billion deal? Angry shareholders are questioning whether an unpopular software merger amounts to a sweetheart deal between two CEO buddies — and they’re pointing to a smiling selfie that the pair posted together on Twitter, On The Money has…
“#Meta investors push for action against ‘harmful content’ aimed at teens” Meta shareholders are pushing the Facebook and Instagram parent company to take a harder line against “harmful content” targeted at teens on its site, as well as coronavirus-related misinformation. A group of shareholders slammed Meta in a letter made public on Monday, criticizing the…
“#’Checked-out’ Twitter CEO Jack Dorsey’s ‘eccentric’ life” Even among Silicon Valley’s oddball geniuses, Jack Dorsey still stands out for his eccentricities. “He’s almost like one of those Russian dolls, with a new outer shell put on every couple of years,” Nick Bilton, author of “Hatching Twitter,” told The Post of Dorsey’s fashion sense. “He went…
“#Trump announces media company, social media platform coming next month” Former President Donald Trump announced Wednesday that he is launching a new media company — complete with a social media platform that will begin rolling out in November. Trump Media & Technology Group (TMTG) said in a statement that its mission was to “create a…
“#FTC accuses Big Tech of using merger ‘loopholes’ to dodge antitrust scrutiny” Big tech companies have snapped up hundreds of smaller tech firms in recent years — and have improperly used “loopholes” to avoid antitrust scrutiny, according to the Federal Trade Commission. Critics say that acquisitions can be used by big tech firms to shut…