Will Elizabeth Holmes’ fraud conviction sober up Silicon Valley?
The fraud conviction of former Theranos CEO Elizabeth Holmes could do more than just send a once-celebrated ex-billionaire to prison.
Houston firm opens new location… in a private jet
Why an intellectual property practice flies a plane full of lawyers every month from a regional airport in Texas to California to meet with clients.
Spark offering new spaces for startups this fall
New businesses looking for offices with a “startup feel” and networking opportunities will have a chance to be a member in Spark’s expanded space this fall. Housed in the Power Plant Live! offices at the Bernstein Building, a property owned by The Cordish Companies, Spark will offer monthly desk and office memberships, annual suite memberships […]
Apple buys WiFi-location startup
NEW YORK — Apple has bought WiFiSLAM, a startup that has been developing a way to use WiFi hotspots to help smartphones navigate large indoor spaces, like stores, airports and conference centers. The purchase is part of Apple’s efforts to bolster its own mapping and location capabilities, after breaking up with Google Inc. last year. […]
Woman who tweeted about crude comments loses job
SAN JOSE, Calif. — A female developer was fired after tweeting about a group of men she said were making sexual comments at a computer programming conference, fueling an already vigorous debate about gender equality and culture in Silicon Valley. Adria Richards wrote on her blog, butyouareagirl.com, that she was seated in a ballroom at […]
Advice from Silicon Valley: Businesses must work together
Maryland doesn’t need to spend so much money to encourage economic development; it just needs to persuade businesses to work better with each other and within their communities.
Facebook hits new low as IPO lock-up ends
SAN FRANCISCO — Facebook’s stock plunged to a new low Thursday as some of the social networking leader’s early backers got their first chance to sell their shares since the company’s initial public offering went awry. Analysts interpreted the unusually high trading volume as a clear sign that at least a few of the insiders […]
Facebook insiders can sell stock as ‘lock-up’ ends
MENLO PARK, Calif. — Facebook’s early investors and a handful of top executives become eligible on Thursday to sell stock they own in the social networking company. It marks the beginning of a time-honored process for public companies, one that will give many Facebook employees the same right to sell their shares this fall. It’s […]
Judge: Kleiner must fight lawsuit in open court
SAN FRANCISCO — One of Silicon Valley’s oldest venture capital firms must fight a gender bias and retaliation lawsuit in open court, a judge ruled Friday. San Francisco Superior Court Judge Harold Kahn denied Kleiner, Perkins, Caufield & Byers’ request to move the lawsuit to arbitration, which is typically litigated and decided behind closed doors. […]
Revolving door: Yahoo ushers out another CEO
SAN FRANCISCO — Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received. The troubled Internet company’s next challenge will be convincing its restless shareholders and demoralized employees that the turnaround work started during Thompson’s tumultuous four-month stint as CEO won[...]
Yahoo CEO faces calls for ouster after inaccuracy
SAN FRANCISCO — Yahoo CEO Scott Thompson faces calls for his ouster after just four months leading the troubled Internet company because of inaccuracies with his academic credentials. A major Yahoo shareholder who exposed the misrepresentation Thursday is now leading the charge to oust Thompson for unethical conduct. In a Friday letter, activist hedge fund […]
Facebook to unveil new ad offerings
NEW YORK — New, potentially lucrative advertising opportunities are coming to Facebook as a prelude to its initial public offering of stock. The idea is to lure big brands with the promise of effective, precisely targeted ads that reach the social network’s 845 million users. Facebook has invited marketers and journalists to an event Wednesday […]