Weekly Roundup: Travis Kalanick sued by Benchmark, Snap and Blue Apron sink after Q2 earnings

Weekly Roundup: Travis Kalanick sued by Benchmark, Snap and Blue Apron sink after Q2 earnings

click photo for more information
Weekly Roundup: Travis Kalanick sued by Benchmark, Snap and Blue Apron sink after Q2 earnings
From Ubers former CEO Travis Kalanick getting sued by his companys lynchpin investors at Benchmark to Googles struggles with a recently fired employee over a gender diversity screed that went viral, its been a wild week in tech. Meanwhile, Snap and Blue Apron both reported disappointing earnings something we discuss in this weeks episode of […]

From Ubers former CEO Travis Kalanick getting sued by his companys lynchpin investors at Benchmark to Googles struggles with a recently fired employee over a gender diversity screed that went viral, its been a wild week in tech. Meanwhile, Snap and Blue Apron both reported disappointing earnings something we discuss in this weeks episode of the Equity podcast. From the boardroom to the trading floor, here are the stories that took Silicon Valley by storm this week.

This post exists primarily as the Weekly Roundup weekend newsletter. Sign up here to have it delivered to your inbox every Saturday.

1. Benchmark sues former Uber CEO Travis Kalanick

Benchmark, the Silicon Valley venture firm and early investor in Uber, has sued former CEO Travis Kalanick. The suit alleges that Kalanick committed fraud, breach of contract and breach of fiduciary duty. Both Kalanick and Benchmark hold Uber board seats. Benchmark accuses Kalanick of being selfish by packing Ubers board with loyal allies, and that the ousted CEO broke the law by trying to pave the way for his own return.If successful, the Benchmark lawsuit could kick Kalanick off the board of directors, makinghis return impossible.

2.Googles Sundar Pichai cancels internal meeting following firing of the employee behind gender diversity memo

After Google fired the employee behinda controversial memo on gender diversity that went viral within the tech industry,CEO Sundar Pichai cancelled a company town hall meeting where discussions about gender diversity were set to take place. Some employees fear that they may become harassment targets if they were to express unpopular opinions. In an email to employees, Pichai wrote, Googlers are writing in, concerned about their safety and worried they may be outed publicly for asking a question in the Town Hall.

3. Snap sinks as Q2 growth and revenue fall short

SnapsQ2 earningsreport was another failure on a long, downward path for the social media company as user growth slowed under the pressure of Instagram, reported TechCrunchs Josh Constine. It looks like Snaps cool factor may be wearing off, and the company will need a lot more than dancing AR hot dogs to fix its problems.

4. Blue Apron stock crashes after the companys first earnings report

Snap wasnt the only tech company having a really bad week. With Blue Apron, The problem quickly became getting customers to stick around and keep buying meals. This time around, the company was able to improve the health of its customer base as they are spending more money and buying slightly more meals, but it still has to show that it can grow that base even as it starts to pull back on marketing, writes TechCrunchs Matthew Lynley.

5. Coinbaseraises $100M led by IVP at $1.6B valuation

Bitcoin reached a record high valuation of $3,000 per coin to complete a rollercoaster week that began with the long-awaited split of the cryptocurrency. Now the most established wallet and exchange service, Coinbase announced a Series D funding round. The startup has been in the right place at the right time to capitalize on the excitement in the industry. In other cryptocurrency news,Filecoin, the much-anticipated cryptocurrency that will eventually power a distributed file storage system, opened its record-breaking ICO for accredited investors after raising $52 million from advisors.

6. SoftBanks Vision Fund backs Flipkart in record India tech investment

Flipkart confirmedthat SoftBank has invested in its business, viaits $100 billion Vision Fund, as part of anextension to the $1.4 billion financing roundannounced in April. The Vision Fund is buying a mix of primary and secondary sales, but the size of the investment is not disclosed. But we do know that the deal is the largest private investment in an India-based tech company, and it makes the Vision Fund one of the largest shareholders in Flipkart.

7. Toyota, Intel and others form a big data group for automotive tech

A collection of prominent names in the tech industry, including Denso, Ericsson, Intel and NTT Docomo, have teamed up with Toyota to work on developing big data systems to support self-driving cars and other future automotive advances. The companies have come together to tackle concerns around data usage in connected cars of the future,a critical component to making real-time mapping, driving assistance and other services go from theory to working in practice. Handling the huge volumes of data in a reliable and secure manner is critical, writes TechCrunchs Jon Russell.

Weekend reads

Breastfeeding mothers have a few options when it comes to next-generation breast pumps, but a lot of them are expensive and the market has not been claimed yet. There can be a lot of anxiety surrounding how much youre pumping and how much your baby is feeding. So what does the future look like for breast pumping tech? Read more in How high-tech breast pumps help new mothers reclaim their time.

Apple reported its earnings last week, and with a surprisingly positive report the shares spiked again as Apple signaled a potential huge iPhone release. The jump pushed Apples market cap to over$800 billion. If Apples promise plays out or exceeds what Wall Street hopes for the September quarter, we may soon be asking ourselves whether or not Apple really will fulfill the promise of a company that could hit a market cap of $1 trillion. Read on in How Apple could become a $1 trillion company.

Read more: https://techcrunch.com/2017/08/11/weekly-roundup-travis-kalanick-sued-by-benchmark-snap-and-blue-apron-sink-after-q2-earnings/

French Farmers Pose For Hot 2017 Calendar, And Everything Is Going To Be Fine Next Year

click photo for more information
French Farmers Pose For Hot 2017 Calendar, And Everything Is Going To Be Fine Next Year
OK, so working on a farm with barely any clothes on probably isn’t the best idea from a health and safety perspective, but these guys are too busy working the camera to care about working the land! From Champagne and Picardie to Normandie and Provence, Goudon traveled the country in search of fanciable farmhands who […]

Study Reveals That Women With Big Butts Are Smarter and Healthier

click photo for more information
Study Reveals That Women With Big Butts Are Smarter and Healthier
…AND GETS ALL UP IN YOUR FACEBOOK Load Comments Read more: http://twentytwowords.com/scientific-study-reveals-something-very-interesting-about-women-with-big-butts/

North Dakota Pipeline Spills An Estimated 176,000 Gallons Of Oil

click photo for more information
North Dakota Pipeline Spills An Estimated 176,000 Gallons Of Oil
About 150 miles from where thousands have protested for months that the Dakota Access pipeline could threaten a Sioux tribe’s water supply, a pipeline in the western part of North Dakota has spilled more than 130,000 gallons of oil into a creek, state officials said. In all, the Belle Fourche pipeline lost 4,200 barrels of […]

The danger of high-functioning depression as told by a college student.

click photo for more information
The danger of high-functioning depression as told by a college student.
I first saw a psychiatrist for my anxiety and depression as a junior in high school. During her evaluation, she asked about my coursework. I told her that I had a 4.0 GPA and had filled my schedule with pre-AP and AP classes. A puzzled look crossed her face. She asked about my involvement in […]

Sir Bruce Forsyth: TV legend dies aged 89 – BBC News

click photo for more information
Sir Bruce Forsyth: TV legend dies aged 89 – BBC News
Media playback is unsupported on your device Media captionHow Brucie entertained us for decades Sir Bruce Forsyth, the veteran entertainer and presenter of many successful TV shows, has died aged 89. The former Strictly Come Dancing host had been unwell for some time and was in hospital earlier this year after a severe chest infection. […]

Teenage boys wear skirts to school to protest against ‘no shorts’ policy

click photo for more information
Teenage boys wear skirts to school to protest against ‘no shorts’ policy
Dozens of pupils at Isca academy in Exeter stage uniform protest after school insists they wear trousers despite heatwave Some had borrowed from girlfriends, others from sisters. A few had gone the extra mile and shaved their legs. When the Isca academy in Devon opened on Thursday morning, an estimated 30 boys arrived for lessons, […]

With 1 male left worldwide, northern white rhinos under guard 24 hours

click photo for more information
With 1 male left worldwide, northern white rhinos under guard 24 hours
Ol Pejeta Conservancy, Kenya (CNN)At first glance, Sudan looks like any other northern white rhino: stout and agile, with square lips. He grazes under the hot sun, his massive head lowered to the ground, at the Ol Pejeta Conservancy in central Kenya. When he’s not napping in his enclosure, he waddles around the sprawling savannah, […]

A comic that accurately sums up depression and anxiety and the uphill battle of living with them

click photo for more information
A comic that accurately sums up depression and anxiety  and the uphill battle of living with them
Sarah Flanigan has been fighting depression since she was 10 years old and anxiety since she was 16. “I wish everyone knew that depression is not something that people can just ‘snap out of,'” she explains. “I mean, if I could ‘snap out of it,’ I would have by now.” Depression and anxiety disorders are […]

Here are 5 things you may regret at the end of your life, from a nurse who works with the dying.

click photo for more information
Here are 5 things you may regret at the end of your life, from a nurse who works with the dying.
You might think watching people die would depress a person. It actually taught her how to live. Bronnie Ware spent years as a palliative care nurse, helping patients be as comfortable as possible in the time just before their deaths. She compiled their stories and the most repeated regrets she heard them utter in their […]

Billionaire Bloomberg to fund $5m public health projects in 40 cities worldwide

click photo for more information
Billionaire Bloomberg to fund $5m public health projects in 40 cities worldwide
Exclusive: Melbourne, Accra and Ulaanbaatar among cities to benefit from funding pledged by former New York mayor to tackle issues from air pollution to obesity Michael Bloomberg, the billionaire bte noire of both the sugar industry and the tobacco industry, famously fought for a ban on the sale of large-sized colas and other sweet drinks […]

Aldi confirms up to 100% horsemeat in beef products

click photo for more information
Aldi confirms up to 100% horsemeat in beef products
Supermarket says it is angry with supplier Comigel after tests reveal 30% and 100% horsemeat in withdrawn ready meals The environment secretary is due to meet the Food Standards Agency, food suppliers and retailers on Saturday to discuss the horsemeat scandal after Aldi became the latest supermarket to confirm its withdrawn beef products contained up […]

59 Percent of Millennials Raised in a Church Have Dropped OutAnd They’re Trying to Tell Us Why

click photo for more information
59 Percent of Millennials Raised in a Church Have Dropped OutAnd They’re Trying to Tell Us Why
Only 4 percent of the Millennial Generation are Bible-Based Believers. This means that 96 percent of Millennials likely don’t live out the teachings of the Bible, value the morals of Christianity and probably won’t be found in a church. This author goes deep to explain why. By Sam Eaton From the depths of my heart, […]

Have you seen anyone with a semicolon tattoo? Here’s what it’s about.

click photo for more information
Have you seen anyone with a semicolon tattoo? Here’s what it’s about.
Have you seen anyone with a tattoo like this? If not, you may not be looking close enough. They’re popping up… …everywhere. Photos by The Semicolon Tattoo Project. That’s right: the semicolon. It’s a tattoo that has gained popularity in recent years, but unlike other random or mystifying trends, this one has a serious meaning […]

London fire: Six killed as Grenfell Tower engulfed – BBC News

click photo for more information
London fire: Six killed as Grenfell Tower engulfed – BBC News
Media playback is unsupported on your device Media captionOne eyewitness said he saw people blinking lights within the building At least six people have died after a huge fire raged through the night at a west London 24-storey tower block, and police expect that number to rise. Eyewitnesses described people trapped in the burning Grenfell […]

What Depression Actually Is, Because Its More Than Just Being Sad

click photo for more information
What Depression Actually Is, Because Its More Than Just Being Sad
Depression is doing everything you can to hide it. Because theres nothing glorified about it. Theres nothing beautiful about a bad night as you fall you your knees, in a silent scream, that no one hears because youre alone and you need to be until you get through it. Its the sleepless nights as you […]
load more posts