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“#Netanyahu reportedly offered lucrative Oracle board seat by Ellison” Ex-Israeli Prime Minister Benjamin Netanyahu has reportedly been offered a board seat at software giant Oracle — as company founder Larry Ellison prepares to testify as a witness for the prosecution in one of Netanyahu’s upcoming corruption cases. Ellison, one of Silicon Valley’s most outspoken supporters…
“#Silicon Valley finds remote work is easier to begin than end” SAN FRANCISCO — Technology companies that led the charge into remote work as the pandemic unfurled are confronting a new challenge: how, when and even whether they should bring long-isolated employees back to offices that have been designed for teamwork. “I thought this period…
“#Silicon Valley’s answer to the labor shortage in US factories” LIVERMORE, Calif., Aug 26 – Silicon Valley has a new pitch to persuade small companies to automate: rent-a-robot. Better technology and the need to pay higher wages to humans have produced a surge in sales of robots to big companies all across America. But few of these automatons are…
“#Ex-CEO of tech startup HeadSpin accused of bilking investors out of $80M” Federal authorities on Wednesday charged a co-founder and former chief executive of HeadSpin with defrauding investors out of as much as $80 million by overstating the Silicon Valley startup’s revenue and other key financial metrics. Manish Lachwani was accused of lying to HeadSpin investors from 2018 to…
“#Twilio pays lavish price in SPAC deal in unusual bid to attract investors” A Silicon Valley cloud-computing giant has made an unusual bet to head off any prospective investor stampede from a “blank check” company it’s backing — namely, by volunteering to pay a premium for it, The Post has learned. Twilio — whose networks…
“#Archer Aviation seeks $1B in damages from Larry Page’s Wisk Aero” Flying taxi developer Archer Aviation is seeking $1 billion in damages from Wisk Aero, a rival backed by Boeing and Google co-founder Larry Page’s Kitty Hawk Corp., according to a court filing, raising the stakes in a heated legal dispute. The two have been embroiled in…
“#Archer Aviation says its enterprise value has been cut by $1B” Electric aircraft startup Archer Aviation’s enterprise value has been cut by $1 billion to $1.7 billion as part of a revised deal, Archer and blank-check firm Atlas Crest Investment said on Thursday. The move comes at a time of growing regulatory concerns over blank-check firms or special-purpose acquisition…
“#LinkedIn says most employees can work from home forever” The majority of LinkedIn’s 16,000 employees will be allowed to work remotely full time, the company said Thursday, in a reversal of its previous policy. However, workers who relocate from cities like San Francisco and New York to cheaper locales may have their pay docked based…
“#Google mandates COVID vaccines, delays return to office” Google is pushing back its return to the office until at least October and will require employees to be vaccinated, the company said Wednesday. Alphabet CEO Sundar Pichai said in a blog post that workers who return to the company’s offices must be vaccinated, with exemptions for…
“#Larry Page’s Wisk Aero takes hit in legal fight with Archer Aviation” A federal judge in San Francisco has rejected air taxi startup Wisk Aero’s request for a preliminary injunction against rival Archer Aviation, the latest development in a bizarre legal dogfight between the two deep-pocketed startups. Wisk Aero, backed by Boeing and Google co-founder Larry…