Flexport told employees to expect cost-cutting and possibly job cuts, a day after its CEO’s sudden departure
Flexport told employees Thursday to expect cost-cutting and a possible reduction in workforce. Flexport CEO Dave Clark, who previously worked at Amazon, resigned on Wednesday. Flexport founder Ryan Petersen said the company needs changes to “return to profitability.” Following the abrupt departure of CEO Dave Clark on Wednesday, Flexport is considering laying off a portion of…
One of the most successful VCs in cybersecurity, Ted Schlien, names 3 new trends to watch
One of Kleiner Perkins longest-serving investors quietly launched a firm to specialize in security startups. Ted Schlein now runs Ballistic Ventures, “a firm that was completely different” than others, he says. Schlein sees three big new security markets, including an area he’s “most scared about.” Ted Schlein quietly left storied venture capital firm Kleiner Perkins after a couple…
A Blockbuster-era video law is being used to ding big-name brands like General Mills, Geico, and Chick-Fil-A with privacy lawsuits
Brands like Chick-Fil-A and Geico are being accused of violating 1980s privacy law the VPPA. Companies that use online tracking codes like Meta Pixel or Google Analytics are potentially at risk. It can cost companies millions of dollars to resolve these cases. Broadcasters have long been wary of violating the Video Privacy Protection Act, which…
TikTok-style feeds are surging in music as streamers battle for young listeners
SoundCloud is joining Spotify and other music apps in adding a TikTok-like feed. The feature encourages active listening by allowing users to comment and “like” songs in-feed. The streaming world is fighting to court young users who want a blended social-music experience. SoundCloud will begin rolling out a TikTok-style visual feed to all users today, joining…
Here are 7 smart ways to invest in China even as the country’s potential property crisis unfolds, according to UBS
China is suffering from an economic slowdown as its largest property developers falter. The nation’s stocks have trailed their US counterparts this year, but UBS sees opportunities. Here are the seven smartest ways to invest in Chinese markets, according to UBS. Chinese stocks are struggling as the country deals with slower GDP growth and a…
VC Ford Smith used psychedelics and biohacking to pull himself out of a deep depression. Here’s why he’s backing more startups in the space.
Ford Smith turned to psychedelics to treat severe depression. His experience inspired him to focus his investment firm on backing psychedelic startups. Though VC funding slowed in 2022, investors are still eager to fund promising young psychedelic companies. When Austin-based Ford Smith decided to wean himself off Adderall and SSRIs in 2016, he found himself…
A fund manager beating 99% of his peers over the last 10 years shares 2 ‘historically’ cheap trades to make right now as high stock valuations set the market up for years of dismal returns
Stock valuations are high, especially in the tech sector. But opportunities still exist in this market, says Meb Faber. In a client note, Faber said he likes US value and international value stocks. Valuations are historically high as the S&P 500 hovers near all-time highs. To use two valuation measures as examples, the index’s trailing…
Kurtenbach: The 49ers finally paid Nick Bosa because you can’t put a price on a Super Bowl
San Francisco 49ers: Nick Bosa is set to be the highest-paid non-quarterback in the NFL. In his new multi-year contract, the 49ers gave Nick Bosa everything he desired. In exchange, the Niners will receive the NFL’s best defensive player for the next six seasons — his career peak. That seems like a good deal to…
San Mateo County: Driver charged with vehicular manslaughter in wrong-way crash that killed two
Prosecutors say Australian defendant Luke Nardini ‘forgot’ to move back to right side after road closure COUNTY OF SAN MATEO — Prosecutors have charged an Australian man with two counts of vehicular manslaughter following a fatal crash on Highway 84 near La Honda last week in which he was allegedly driving on the wrong side…
