Uber’s largest investor, Benchmark Capital, filed suit to push former CEO Travis Kalanick off the company’s board. The VC said it had been misled about trouble at the company when Kalanick asked to add three board seats he controlled.
Shares of social network company Snap Inc. (NYSE: SNAP) were pounded down 15% after it announced mediocre earnings that did not meet Wall Street expectations. The firm’s stock has nosedived since its recent IPO on concerns about competition, particularly from Facebook.
Google’s CEO canceled a planned meeting about gender equality and diversity when the agenda of the meeting was leaked along with names of some company employees. The trigger of the meeting was an employee memo about how the company treated women.
Time Warner Inc.’s (NYSE: TWX) HBO raised $250,000 in bitcoin to pay a ransom to hackers who stool scripts to its hit “Game of Thrones.” According to CNBC:
The hacker who stole TV show scripts from HBO has leaked an email showing a company executive offering $250,000 as a “bounty payment” to the cyber-thief, according to two news outlets.
Last week, details of a data breach at HBO came to light. Scripts from shows such as “Game of Thrones” were leaked online ahead of Sunday’s episode. A hacker or group called “Mr Smith” claimed responsibility and said they had around 1.5 terabytes of data from HBO.
An early employee of Uber who is also one of its largest shareholders quit his position with the company. Ryan Graves was also the company’s CEO for a short period. He wrote:
My hope is that ensuring my transition is known and planned for well before our board’s decision on CEO it will help to make it clear to our team and to our new leader that I will be there to support however I can.
He will remain a board member.
ISIS used eBay Inc. (NASDAQ EBAY) and PayPal to send money to an alleged operative in the United States, according to an exclusive report in The Wall Street Journal.