Joel Gascoigne, the CEO of social media management startup Buffer, wrote a long essay about the complexities of buying out some of his early venture capital investors. He spent $3.3 million on it, not to mention months negotiating with investors. Three different classes of shareholders had to sign off. Take that experience and multiply it a thousandfold, and you have an idea of what Uber might face. Or imagine what agonies Tesla would be going through had it proceeded with the Saudi-funded buyout Elon Musk proposed on Twitter. … [Read more...] about Why doesn’t Silicon Valley just give Saudi Arabia its money back?
11:10 p.m. Will Trump stop briefing on coronavirus?: A tweet by President Trump on Saturday, his refusal to take reporters’ questions Friday and his failure to hold a briefing on Saturday are fueling speculation that he may curtail his daily coronavirus briefings. Republicans are said to worry that his performance could hurt his election-year image. Trump again blasted the press in his Saturday Twitter outburst: “What is the purpose of having White House News Conferences when the Lamestream Media asks nothing but hostile questions, & then refuses to report the truth or facts accurately.” … [Read more...] about Coronavirus news from the Bay Area: April 25-26
'This is going to be a whole different type of work environment, you're going to need a command centre you're going to need contact tracing, you're going to need to have workforce triage, you're going to need to have shift schedules.' … [Read more...] about Workers will need to BOOK their place on the office lift to stop overcrowding at work
RISING PRICES Zurich opted to have gear shipped directly from Shanghai, not via another country, for fear other governments might seize it. Germany accused the United States of “modern piracy” in early April in a case of masks diverted from an airport in Bangkok. … [Read more...] about Swiss doctor taps his past to help Zurich meet PPE needs
Since our inception, we have incurred significant operating losses, and, as of December 31, 2015, we had an accumulated deficit of $2.09 billion. Although our revenue has grown rapidly, increasing from $28.3 million in 2010 to $2.22 billion in 2015, we expect that our revenue growth rate will slow in the future as a result of a variety of factors, including the decline in the growth rate of our user base. We believe that our future revenue growth will depend on, among other factors, our ability to attract new users, increase user engagement and ad engagement, increase our brand awareness, compete effectively, maximize our sales efforts, demonstrate a positive return on investment for advertisers, successfully develop new products and services and expand internationally. … [Read more...] about Salesforce CEO has “walked away” from deal with beleaguered Twitter