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Zenefits halves its previous valuation to $2B to head off investor lawsuits

Zenefits halves its previous valuation to B to head off investor lawsuits


Fireside Chat With Yammer Founder and CEO, David Sacks Zenefits is executing a change in its current ownership structure that will increase the overall ownership of the company for late-stage investors; it’s a move that revalues the company’s Series C round at $2 billion and looks to placate investor concerns over the company’s regulatory investigations. As part of accepting the new ownership changes, the investors… Read More



Source: IT news

Hacker takes over Oculus CEO’s Twitter account, announces new CEO

Hacker takes over Oculus CEO’s Twitter account, announces new CEO


brendan-iribe-oculus12 Oculus CEO Brendan Iribe had his Twitter account hacked Wednesday; the hacker took the opportunity to promptly announce a new CEO for the virtual reality company. Update: the account appears to be back under Brendan’s control. This is just the latest in a string of tech CEO’s having their Twitter accounts compromised, this attack does not appear to be from the same hacker… Read More



Source: IT news

IBM demos an employee hack for gathering live video data via drone

IBM demos an employee hack for gathering live video data via drone


IBM developer Andy Trice popped by the TechCrunch New York offices to demo a hack he’s been working on in his spare time, utilizing the company’s cloud computing platform and off-the-shelf drone hardware from DJI. The system, which started as a pet project for Trice, is able to gather and transmit data in real-time, offering up such useful contextual information as precise… Read More



Source: IT news

Ayesha Curry launches a new food-delivery startup

Ayesha Curry launches a new food-delivery startup


13445638_1019552778133985_3114649044919713423_n Want to eat like Steph Curry? Now you can. Ayesha Curry, the wife of NBA all-star Stephen Curry, has a new food delivery startup. The company is called Gather, and will deliver ingredients and recipes directly to your door on a weekly basis. https://t.co/e7bXFopFLp sign up now for updates on my meal-kit delivery! Let’s GATHER together and cook! #gather pic.twitter.com/bLbgoFl0Nx… Read More



Source: IT news