Why each Libra member’s mutiny hurts Facebook

There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook-led cryptocurrency Libra Association. They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the token’s launch or growth. Fearing regulators’ inquiries not just into their Libra … Continue reading Why each Libra member’s mutiny hurts Facebook

Google Cloud’s COO has left after less than a year

Google Cloud’s chief operating officer, Diane Bryant, has left the company after less than a year. “We are grateful for the contributions she made while at Google and we wish her the best in her next pursuit,” a spokesperson said in a statement. Before joining Google in late November 2017, Bryant spent more than 25 … Continue reading Google Cloud’s COO has left after less than a year

WeWork CEO Adam Neumann steps down

WeWork’s co-founder and chief executive officer Adam Neumann has stepped down as CEO and will serve as non-executive chairman of the board, the company confirmed in a press release Tuesday following a report from The Wall Street Journal. WeWork’s vice chairman Sebastian Gunningham and the company’s president and chief operating officer Artie Minson will serve … Continue reading WeWork CEO Adam Neumann steps down

Automattic raises $300 million at $3 billion valuation from Salesforce Ventures

Automattic, the company behind WordPress.com, WooCommerce and soon Tumblr, has closed a $300 million funding round at a $3 billion post-money valuation. The Series D round has a single investor, Salesforce Ventures. Funding rounds are something special for Automattic . While the company has been around for nearly 15 years, it hasn’t raised a ton … Continue reading Automattic raises $300 million at $3 billion valuation from Salesforce Ventures

Andrew Mason’s Descript snags $15M, acquires Lyrebird to let users type text to create audio in their own voices

The boom in popularity for podcasting has given a new voice to the world of spoken word content that had been largely left for dead with the decline of broadcast radio. Now riding the wave of that growth, a startup called Descript that’s building tools to make the art of creating podcasts — or any … Continue reading Andrew Mason’s Descript snags $15M, acquires Lyrebird to let users type text to create audio in their own voices