O n a Monday in April, Shannon Spanhake stood at the front of Cleo’s office as her executive team lined up beside her. It had been only a few months since her parenting benefits startup had raised its latest round of funding—$27.5 million from blue-chip venture capital firm NEA—and Cleo’s CEO and cofounder was telling staff to push harder. A lot harder. The San Francisco-based company’s 50-person workforce needed to spend more time in the office and raise their performance to what she considered “an A-plus-stage appropriate team,” according to four former and current employees who heard the talk. She wanted no complainers. There was not enough hustle and not enough presence at work. One bullet point from the slideshow spelled it out: “Expect to work 50- to 60-hour weeks.” Her presentation got cut short before she could get to the next part. The company’s work-from-home policy was being eliminated. The harangue stunned some of Cleo’s employees, who felt that it flew in the … [Read more...] about Exclusive Investigation: How Lies And a Troubled Workplace Brought Down The Founder Of $115 Million Cleo
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New York (CNN Business) The stock market is like that old slogan for Timex watches. It takes a licking but keeps on ticking. Sure, it's been a rocky start to the year on Wall Street following a stellar 2021. The Dow is down about 1% and the S&P 500 has fallen 2%. Trading has been volatile. But the Dow and S&P are still each just 3% below their all-time highs. Tech stocks have had a bit more of a wild ride. The Nasdaq is down 5% in 2022 and nearly 8% under its peak, putting it closer to a 10% drop known as a correction. Yet every time it looks like stocks could be heading for an even steeper drop, investors come rushing back in to buy the dips. Traders have so far mostly shrugged off temporary concerns about inflation and the Federal Reserve getting ready to raise interest rates , as well as fears over the impact that the Omicron variant of Covid-19 may have on the economy. Earnings growth has remained strong in spite of these … [Read more...] about Here’s what could rattle the stock market this year
The FBI is investigating the Texas synagogue hostage standoff as a terrorist incident in which the Jewish community was targeted after initially ruling out antisemitism as a motive. “This is a terrorism-related matter, in which the Jewish community was targeted, and is being investigated by the Joint Terrorism Task Force,” the FBI reportedly told The Washington Post. FBI Special Agent in Charge Matt DeSarno initially told reporters Saturday that the suspect was “singularly focused on one issue and it was not specifically related to the Jewish community,” the Fort-Worth Star Telegram reported . Hostage taker Malik Faisal Akram died after the 11-hour standoff Saturday at Congregation Beth Israel in Colleyville, near Dallas, Texas. The synagogue’s rabbi and three congregants who were held hostage survived and were freed, according to the Post. It remains unclear whether Akram, a 44-year-old U.K. resident, committed suicide or was killed by police. (RELATED: Tech Exec Who … [Read more...] about ‘Jewish Community Was Targeted’: FBI Rules Texas Synagogue Attack As ‘Terrorism’
Share prices of Rivian Automotive ( NASDAQ:RIVN ) briefly fell to $75.13 per share on Friday before closing the session at $79.95 per share. It was the first time Rivian stock dipped below its initial public offering (IPO) price of $78 per share. The sell-off marks over a 55% drawdown from the stock's all-time intraday high of $179.47 per share set on Nov. 16, 2021. Here are arguments for and against buying the electric vehicle (EV) stock now. Image source: Rivian Automotive. Take advantage of inefficient markets Howard Smith : Markets aren't always efficient, and that's how investors can gain an advantage. While Rivian shares have dropped recently in concert with many high-growth tech names, one of the biggest dips came with the news that Amazon ( NASDAQ:AMZN ) was starting a partnership with Chrysler parent Stellantis ( NYSE:STLA ) to supplement its supply of electric delivery vans. Prior to this news, investors only knew that Amazon -- an early … [Read more...] about Rivian Stock Just Fell Below its IPO Price of $78 Per Share: Time to Buy?
The U.S. doesn't need to know who they're targeting or show probable cause when ordering Facebook, WhatsApp or any tech company to help agencies spy on users in secret, newly-unsealed court documents show. U.S. federal agencies have been using a 35-year-old American surveillance law to secretly track WhatsApp users with no explanation as to why and without knowing who they are targeting. In Ohio, a just-unsealed search warrant reveals that in November 2021, DEA investigators demanded the Facebook-owned messaging company track seven users based in China and Macau. The warrant reveals the DEA didn’t know the identities of any of the targets, but told WhatsApp to monitor the IP addresses and numbers with which the targeted users were communicating, as well as when and how they were using the app. Such surveillance is done using a technology known as a pen register and under the 1986 Pen Register Act , and don’t ask for any message content, which WhatsApp couldn’t provide … [Read more...] about WhatsApp Ordered To Help US Agents Spy On Chinese Phones—No Explanation Required
In July of last year, the Drug Enforcement Administration in Ohio wanted to carry out surveillance on seven WhatsApp users. To do that, agents asked a judge to approve the use of surveillance tools known as “pen register and trap and trace” devices. While they wouldn’t get the actual content of WhatsApp messages, they would get up-to-date information on what numbers those WhatsApp users were either messaging or calling, when, for how long and from what IP address. The latter part could also provide a rough geolocation of the user, hence the use of pen registers to both build up cases against suspects by showing, for instance, with whom drug dealers are communicating, and to assist in tracking down fugitives. But in the investigators’ application to have the surveillance device installed on WhatsApp systems, there was almost zero detail on just why the DEA wanted to spy on all those numbers, regardless of where they were based (four of the seven users had Mexican telephone … [Read more...] about How American Law Lets Feds Spy On WhatsApp Without Needing To Say Why
Share to Twitter Share to Linkedin An attendee demonstrates the OnStar Corp. 4G LTE dash system on a General Motors Co. (GM) Chevrolet ... [+] Impala vehicle during the 2014 North American International Auto Show (NAIAS) in Detroit, Michigan. OnStar provides all kinds of useful services, to cops as well as drivers. Photographer: Daniel Acker/Bloomberg The rapid spread of connected devices that can listen and locate has been a boon for law enforcement. Any new technology hooked up to the web has the potential to become a surveillance device, even if it's original purpose was benign, as shown in a 2016 Arkansas murder investigation where Amazon was asked to hand over audio from a suspect's Echo . But such information and much more, I've learned, has long been retrievable from cars. Indeed, court documents reveal a 15-year history of what's been dubbed "cartapping," where almost real-time audio and location data can be retrieved when cops order … [Read more...] about Cartapping: How Feds Have Spied On Connected Cars For 15 Years
Share to Twitter Share to Linkedin The Australian Open (“AO”) is one of the year’s premier professional tennis events with a global viewership of nearly one billion viewers. This year, in partnership with Tennis Australia and Decentraland, the Australian Open is fully immersing itself in the world of NFTs and the metaverse. "We had over 812,000 people attend AO2020 - which was a record year for us. Numbers were understandably down in 2021, however we're seeing fantastic ticket sales in the lead up to AO2022. We're certainly seeing a drive from Melbournians to return to live sport and we can't wait to see hundreds of thousands of people back in the precinct enjoying the AO's festival of sport and entertainment," said Cedric Cornelis, Tennis Australia Chief Commercial Officer Metaverses such as Decentraland and Sandbox are virtual worlds where users can own, develop, and interact with digital land through their VR headsets or internet browsers. These crypto and … [Read more...] about The Australian Open Swings Into The Metaverse, Will It Be An Ace?
Share to Twitter Share to Linkedin Frankfurt, January 12, 2022 - Last year, the market capitalization of cryptocurrencies reached $3 trillion USD for the first time. At the beginning of the 2021, it was less than $800 billion USD. DeFi now has a total value locked (TVL) of $100 billion USD on Ethereum alone. But NFTs have been the most surprising, flanked by complementary areas like metaverse and GameFi. Who can claim to have foreseen these developments? Looking into the future is notoriously difficult. Nevertheless, we dare to make predictions for the year 2022. It will be exciting to see whether they come true. 1. Bitcoin price reaches $100,000 USD and the crypto asset market grows in breadth and depth Rising inflation rates make scarce assets like Bitcoins (BTCs) increasingly attractive. Bitcoin is not only the oldest, most decentralized, and best-known cryptocurrency - a distinctive feature compared to other cryptocurrencies is its limited supply of 21 … [Read more...] about 10 Predictions For Blockchain, Crypto Assets, DeFi, And NFTs For 2022
Share to Twitter Share to Linkedin Bitcoin and cryptocurrency prices have bounced back following a sell-off that wiped around $1 trillion from the combined crypto market— and after one closely-watched investor called the market bottom . Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains The bitcoin price, dropping this week under $40,000 per bitcoin for the first time since September has climbed to around $43,000—a rise of 5% over the last three days. The ethereum price has also rallied, adding almost 10% and boosting the price of its rivals Binance's BNB, solana and cardano. ADVERTISEMENT Now, legendary investor Bill Miller has revealed 50% of his net worth is held in bitcoin and related crypto investments—branding bitcoin an "insurance policy against a financial catastrophe." Sign up now for the free CryptoCodex —A daily newsletter for the … [Read more...] about Legendary Investor Reveals Huge Bitcoin Bet As The Price Of Ethereum, BNB, Solana, Cardano And XRP Suddenly Soar