Having worked in the banking sector and having seen up-close how tightly regulated the industry is, I’m somewhat surprised that this sort of thing can happen at a retail bank. On Friday, Roku, the TV streaming company, said in a filing that roughly $487 million of its $1.9 billion in cash was tied up with… Read More Silicon Valley Bank’s Collapse Causes Strain for Young Companies – The New York Times
You don’t hear much about the Teamsters union these days. If you do, it’s likely more about pension fund insolvency. Or one of Scorsese’s gangster flicks. Such news begs to ask, “Is organized labor trying to make a comeback?” And, if so, “What chance does it have of success?” Union members vote to create a… Read More Teamsters to create “Amazon Division”
Twitter has suspended over 5,000 accounts tied to a network amplifying a message denouncing the report by Special Counsel Robert Mueller as a “RussiaGate hoax.” According to a researcher, the accounts—most of which had only posted three or four times in the past—were connected to other accounts previously used to post pro-Saudi messages. Source: Twitter… Read More Twitter shuts down 5,000 pro-Trump bots retweeting anti-Mueller report invective | Ars Technica
German public broadcaster Hessischer Rundfunk reports that police and prosecutors are searching the headquarters of Deutsche Bank in Frankfurt in connection — Read on http://www.latimes.com/sns-bc-eu–germany-deutsche-bank-20181129-story.html
The revolt of the non-voting shareholders. Several public funds that hold shares in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman, saying the social media giant mishandled several high-profile scandals. — Read on http://www.reuters.com/article/us-facebook-shareholders/facebook-shareholders-back-proposal-to-remove-zuckerberg-as-chairman-idUSKCN1MR2GY
I know how Snap can save $500 million per year: his name is Evan Spiegel. The CEO famously rejected stock options comp for a ridiculous annual salary of one half a billion USD. Snap Inc. stock slid more than 5% on Tuesday morning after an analyst said the Santa Monica company behind the Snapchat video-messaging… Read More Snap is ‘quickly running out of money’
I just checked my spam folder and found this gem. Enjoy. FBI- Criminal Justice Information Services Division Address: 26 Federal Plaza, New York, NY 10278, USA Hello. I am Mrs Dana Sally from FBI unit,i have been instructed by our FBI Director Christopher Wray, to inform you that out of our thorough investigation lately ,we found… Read More Agent Dana Sally
I’ll be honest, I’m really staring to like this girl. 😘 Silicon Valley is notoriously full of founders who exaggerate, dupe investors and the media, and may even outright lie to Congress, often getting away with their deceit. John Carreyrou, author of a new book on Theranos, explains why this time Holmes went 10 steps… Read More “She Absolutely Has Sociopathic Tendencies”: Elizabeth Holmes, Somehow, Is Trying to Start a New Company! | Vanity Fair
“Any criminal investigation into this payment would likely have significant overlap with plaintiff’s assertion that the agreement, and the payment in particular, had an illegal purpose,” Otero wrote.
QuantumTom 