The Kik Messenger app has officially been acquired by U.S.-based holding company MediaLab. The news comes just one day before the app was scheduled to shut down. From a report: The blog post noted that MediaLab plans to keep the app alive and also outlines ideas it has to improve the app moving forward. It is noted that the acquiring company…
Tag: CEO
Oracle Co-CEO Mark Hurd Passes Away
Mark Hurd, who was co-chief of Oracle, one of the world’s top business-software firms, until he stepped aside last month for health reasons, died Friday. He was 62. From a report: “Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle,” Oracle chairman Larry Ellison wrote. “All of…
Facebook CEO Mark Zuckerberg Says He Fears ‘Erosion of Truth’ But Defends Allowing Politicians To Lie in Ads
Facebook chief executive Mark Zuckerberg said in an interview he worries “about an erosion of truth” online but defended the policy that allows politicians to peddle ads containing misrepresentations and lies on his social network, a stance that has sparked an outcry during the 2020 presidential campaign. From a report: “People worry, and I worry deeply, too, about an erosion of…
GitLab Won’t Exclude Customers On Moral Grounds, Says That Employees Should Not Discuss Politics At Work
GitLab, a San-Francisco provider of hosted git software, recently changed its company handbook to declare that it won’t ban potential customers on “moral/value grounds,” and that employees should not discuss politics at work. The Register reports: The policy addition, created by co-founder and CEO Sid Sijbrandij and implemented as a git pull request, was merged (with no approval required) about two…
Volvo To Roll Out a New Electric Vehicle Every Year Through 2025
Volvo Car Group President and CEO Hakan Samuelsson laid out the company’s new business strategy that includes introducing a new EV every year through 2025 and slashing the carbon footprint of the lifecycle of every car and SUV it builds by 40%. All of the changes are aimed at Volvo Cars’ target to become a climate neutral company by 2040. TechCrunch…
Goldman Sachs CEO Says Apple Card is the Most Successful Credit Card Launch Ever
Goldman Sachs CEO David Solomon called his bank’s rollout of the Apple Card “the most successful credit card launch ever.” From a report: Solomon provided investors with an update on the bank’s new initiatives at the start of a conference call Tuesday. “We believe Apple Card is the most successful credit card launch ever,” he said. Continuing on the Apple Card,…
PG&E Should Compensate Customers For Power Shutoffs, California Governor Says
Pacific Gas & Electric should give rebates or credits to each of its nearly 800,000 customers affected by last week’s power shutoffs, California Gov. Gavin Newsom said, demanding that the utility “be held accountable.” CNN reports: The utility intentionally cut power to almost 800,000 customers in Northern California last week in an effort to prevent downed utility lines and equipment from…
Erin Valenti, CEO of Tinker Ventures, Found Dead In Trunk of Her Rental Car
McGruber shares a report from Deseret News, a newspaper published in Salt Lake City: The body of Erin Valenti, a tech entrepreneur who had been missing since Monday, was found Saturday in the trunk of her rental car. The 33-year-old Valenti was the CEO of Utah-based Tinker Ventures, a company that develops web and smartphone applications. In a Wednesday Facebook post,…
Founder of ‘Tesla Killer’ Faraday Future Files For Chapter 11 Bankruptcy
Faraday Future’s founder and former CEO Jia Yueting has filed for Chapter 11 bankruptcy in Delaware court in a bid to satisfy his myriad debts in China. From a report: The Chinese tycoon claims he still owes around $3.6 billion to more than 100 creditors, thanks, in large part, to the collapse of LeEco, the tech conglomerate he founded there. The…
Elizabeth Warren Mocks Facebook’s Ad Policy By Lying About Mark Zuckerberg
“A fresh series of Facebook ads this week by Democratic presidential candidate Sen. Elizabeth Warren seeks to put the social media giant on the defensive — by telling a lie,” writes CNN. An anonymous reader quotes their report:
The ads, which began running widely on Thursday, start with a bold but obvious falsehood: That Facebook and its CEO Mark Zuckerberg have endorsed…