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AWS confirms reports it will challenge JEDI contract award to Microsoft

AWS confirms reports it will challenge JEDI contract award to Microsoft Surely just about everyone was surprised when the Department of Defense last month named Microsoft as the winner of the decade-long, $10 billion JEDI cloud contract — none more so than Amazon, the company everyone assumed all along would be the […]

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Shoe companies Rothy’s and Steve Madden are at each other’s throats

Shoe companies Rothy’s and Steve Madden are at each other’s throats In August, after receiving a cease-and-desist letter from the venture-backed shoe startup Rothy’s, shoe giant Steven Madden filed a pre-emptive lawsuit asking a federal court to rule that its Rosy Flat shoes don’t copy design elements of the Point ballet flat […]

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As Adam Neumann reportedly faces pressure to step down, it’s looking like a fight for life between WeWork and SoftBank

As Adam Neumann reportedly faces pressure to step down, it’s looking like a fight for life between WeWork and SoftBank According to a new WSJ report, certain members of WeWork’s seven-person board, which includes cofounder and CEO Adam Neumann, are planning to pressure Neumann to step down and instead become We’s non-executive […]

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Overstock CEO resigns after ‘deep state’ comments

Overstock CEO resigns after ‘deep state’ comments Overstock .com announced today that CEO Patrick Byrne has resigned from his role as chief executive and board member. Another board member, Jonathan Johnson, will be taking over as Overstock’s interim CEO. This follows the company’s eyebrow-raising press release earlier this month titled “Overstock.com CEO […]

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The SEC wants disgraced VC Mike Rothenberg to cough up more than $30 million

The SEC wants disgraced VC Mike Rothenberg to cough up more than million Nearly three years ago, TechCrunch reported on suspected fraud committed by Mike Rothenberg, a self-described “millennial venture capitalist” who’d made a name for himself not only by eponymously branding his venture firm but for spending lavishly to woo startup […]

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Morgan Stanley — which is underwriting Uber’s IPO — is denying reports that it marketed a short-selling product to Lyft investors

Morgan Stanley — which is underwriting Uber’s IPO — is denying reports that it marketed a short-selling product to Lyft investors It’s getting bare-knuckled out there again in the ride-hailing wars. According to a report earlier today from The Information, newly public Lyft threatened Morgan Stanley with legal action earlier this week, […]

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Apple sells wireless charging AirPods, cancels charger days later

Apple sells wireless charging AirPods, cancels charger days later “Works with AirPower mat”. Apparently not. Looks like Apple doesn’t treat customers with the same “high standard” of care it apparently reserves for its hardware quality. 9 days after launching its $199 wireless charging AirPods headphones touting compatibility with the forthcoming Apple AirPower […]

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TPG’s Bill McGlashan is put on indefinite leave, after being caught up in a gigantic college admissions cheating scandal

TPG’s Bill McGlashan is put on indefinite leave, after being caught up in a gigantic college admissions cheating scandal Bill McGlashan, who built his career as top investor at the private equity firm TPG, has been put on “indefinite administrative leave, effective immediately,” says the firm after McGlashan was caught up in […]

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Revolut CFO resigns following money laundering controversy

Revolut CFO resigns following money laundering controversy This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have been under pressure […]

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Jeff Bezos accuses National Enquirer of blackmailing him — and publishes the details himself

Jeff Bezos accuses National Enquirer of blackmailing him — and publishes the details himself Amazon CEO Jeff Bezos says he is being blackmailed with nude selfies by AMI, owner of the National Enquirer and reportedly protector of the president’s reputation, over claims the publisher has acted as a political operative. The events […]

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