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Walmart Appoints Instagram's CEO to Its Board of Directors
Walmart, a ruthless retailer known for abusing employees and pulverizing local businesses, just installed Instagram co-founder Kevin Systrom onto its board of directors. And why the hell not? Walmart...
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Source: These Post-Its Show Google Scheming to Steal Trade Secrets
Two lawsuits filed last month against Google claim the search giant tried to steal superior video streaming technology from VSL Communications, a company it was in talks to acquire. According to the...
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Uber Used Private Location Data for Party Amusement
The reasons to dislike Uber are as large and numerous as its paper valuation, but they all revolve around one central free market conceit: Uber never hides its contempt for you. The latest example...
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Tech's Push to Help Schools Looks Like a Campaign Ad For Ed Lee
Just two weeks before San Francisco's 2011 mayoral election, billionaire angel investor Ron Conway pushed out a viral campaign ad for Mayor Ed Lee that featured cameos from local sports stars and...
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Reddit Placates "Volatile Users" With Promise to Share Its New $50 M.
If female celebrities break into a cold sweat over Reddit users, just image how investors feel after throwing down $50 million in the hopes of profiting off the crowd-sourced site. But lead investor...
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Report: Zappos CEO's Las Vegas Dreamland Is Imploding
Zappos CEO Tony Hsieh's deeply sad plan to transform Downtown Las Vegas—the bleakest part of a bleak town—into a startup enclave is dying, Las Vegas Weekly reports. Huge layoffs just arrived, and one...
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Mark Zuckerberg Will Not Let Larry Ellison Keep Hawaii To Himself
Welcome to the latest installment of Billionaire Musical Chairs. This week's round was a doozy. Billionaire Mark Zuckerberg zoomed past billionaire Larry Page, as billionaires-in-training watched the...
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Startups Offer "Pre-cations" to Pre-emptively Burned Out Employees
Americans are famously overworked and terrified of taking vacations. And that is no different in Silicon Valley, where young code jockeys are expected to put in long hours on projects that rarely pan...
View ArticleYahoo made $9.4 billion by selling 140 million shares in Alibaba, according...
Yahoo made $9.4 billion by selling 140 million shares in Alibaba, according to a new SEC filing. Never have so many billions seemed so doomed . Read more...
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Biz Stone Gave Up on Jelly
Twitter co-founder Biz Stone left his 140 character-sharing startup to launch Jelly, an aggressively-hyped question-and-answer platform that quickly slid off the app charts . But Biz is building a new...
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Sources: Facebook to Apologize For Discriminatory "Real Name" Policy
Facebook sparked a fierce backlash three weeks ago when it began enforcing a "real name" policy against performers and members of the LGBT community. The company initially dug in its heals, refusing...
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Now There's Surge Pricing For Food
Surge pricing is Silicon Valley's most insidious trend. Popularized by Uber—a company synonymous with fucking people over —surge pricing allows companies to jack up prices whenever demand is running a...
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Will a Driver Beating a Passenger With a Hammer Force Uber to Grow Up?
San Francisco's District Attorney has already charged the UberX driver who allegedly used a hammer to beat passenger with two felony counts for assault and battery. But the victim, Robert Chicas, will...
View ArticleApple Blacklisted Europe's Biggest Computer Mag for Bending an iPhone
The latest consumer panic around the bend-ability of new iPhones is largely overblown. Most thin metal things bend. But according to the editors of Computer Bild, a hugely popular tech magazine based...
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All Email and No Play Makes Apple an Awful Place to Work
Rarely does an Apple employee leave the Jobsian cult and bad-mouth their former leaders. But when they do, we learn that Apple is business built on long-hours and abuse . These recent tales from two...
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Top Netflix Employee Perk Goes Up In Flames
Here's a little shuttle schadenfreude: last night, a dozen Netflix employees were being driven back along 280 to their San Francisco bedrooms when their bus turned into a bonfire. Fortunately, no one...
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Facebook Says Whoops, Updates Rules for News Feed Manipulation (Updated)
A few months ago, the world found out that Facebook made its users into test subjects , showing some folks artificially happy (or artificially sad) News Feeds to see if it affected the emotions in the...
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Buying Tumblr Was a Big Mistake, Says Everyone But Yahoo
Activist investors are awesome at concern-trolling. Just look at Starboard Value's open letter to Marissa Mayer, a new contender for the underminer's hall of fame. The hedge fund "wants Mayer to stop...
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Angry Birds Staff Gutted In Layoffs
The death knell of Rovio is ringing louder. Just a month after the CEO of the Angry Birds developer resigned amidst sagging profits , the company announced 16 percent of its staff is being flung out...
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Payday Loan Startup That Promised to "Kill" Finance Now Total Disaster
In 2009, Sarah Lacy, then a writer for TechCrunch, set the gold standard for startup hype in a write-up about Wonga, a payday loan company that just might "upend the world's financial institutions."...
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