MoviePass, the ticketing startup that burned through hundreds of millions of dollars trying to undercut the theater business by selling tickets at cost to subscribers, has screwed up an awful lot as of late. Its parent company Helios & Matheson is being sued by shareholders for alleged fraud, as well as investigated…
Elizabeth Holmes lost everything—and nearly $900 million of other people’s money—when her bunk blood-testing startup Theranos went into full meltdown, resulting in the layoff of nearly all staff and civil charges of “massive” fraud for Holmes and former company president Ramesh “Sunny” Balwani.
The director of cellular agriculture at JUST Inc, formerly known as Hampton Creek, has started his own company, business filings show.
On-demand package delivery startup Shyp, which offered to take care of the entire packing-and-shipping process for customers in exchange for rates ranging from $5 to more than double the cost of just going to FedEx, announced it is going out of business on Tuesday.
Uber founder Travis Kalanick, who was forced out of his CEO role last year amid widening scandals about its toxic work culture, legal troubles, and a video of him screaming at a bankrupt driver, seems an awful lot like he’s finally admitting defeat in the unending slew of backroom drama that plagued the company in his…
Theranos, the beleaguered health care company that has fallen into serious financial trouble since 2016 over allegations its signature blood testing technology didn’t work and it misled investors, has found a lifeline.
Think about competition in the economy and big names come to mind, like Apple vs. Microsoft, Uber vs. Lyft, Walmart vs. Target. But in pretty much every industry, a secret war is raging, and not even your humble mattress is free of the grit and machinations of the capitalist struggle.
Ask someone what their dream house is, and you’ll get a lot of different answers. Perhaps a rustic ranch house out on the plains. Maybe a New York or San Francisco brownstone. It could even be that perfect little cottage with the nice rose garden, or a remote farm in Lincolnshire, where Mrs. Buckley lives (every July,…
There’s no shortage of catastrophic flame-outs in tech. Take, for example, junk science blood-testing startup Theranos, which raised obscene amounts of venture capital only to be sued by its own investors, close its labs, and come under criminal investigation. (Move fast and break stuff, right?) But what could have…
There is a well-documented problem with diversity in the male-dominated tech world. Who’s to blame? A new survey of some of the most powerful future Silicon Valley millionaires reveals that men, shockingly, want to blame everyone and everything but the tech industry itself.
Hold up, Beyoncé Giselle Knowles-Carter is now a tech investor! Bey has invested $150,000 into a startup called Sidestep as part of her management company, Parkwood Entertainment. That’s not a ton of cash, but it’s at least enough to pay a few telephone bills, to say nothing of those pesky startup automo’ bills. It…
Hampton Creek is a Silicon Valley startup that sells, among other products, an eggless mayonnaise substitute called Just Mayo. The company reportedly had some surprising “customers,” however: people it paid to buy the product. Oh, Silicon Valley. Always looking to disrupt the natural order of things.
The hammer has finally dropped on blood-testing startup Theranos and its beleaguered CEO Elizabeth Holmes. US federal health regulators have announced their decision to ban Holmes from operating a lab for two years, while withdrawing regulatory approval for its California lab.
At the start of last night’s Silicon Valley, Pied Piper is in a pickle. Although the startup’s new file-compression tool has been well-received, it needs to increase its daily active users to rake in more capital. So Richard Hendrix and the boys try a revolutionary new approach: Pied Piper makes a TV commercial.
The adage goes, “measure twice, cut once.” Frank Howarth’s projects are a little more complicated than the average woodworker’s, so he measures a slew of times, cuts out test pieces, and yes, still makes mistakes. But it’s all in pursuit of the perfect bowl.
In today’s ‘I can’t believe they’ve been funded’ news, a startup called Star-ALE wants to create a man-made meteor shower over the city of Tokyo for the 2020 Olympics opening ceremonies. But unlike fireworks, this pyrotechnics show will be visible from an area over 120 miles across Japan.
HelloMD was initially an app that could connect the sick with doctors specializing in their particular ailment, Transcend Lighting provided LED for Canadian farmers trying to grow lettuce indoors, and Spare CS was a little known competitor to apps like Venmo and Chase Quick Pay.
The housing crisis is edging an entire generation out of the most expensive cities on the planet. But what if you could still live in those cities, moving between them like a digital-age vagabond, sharing well-appointed apartments for short stints with likeminded globetrotters? That’s the promise of a new co-living…
After Nest was bought by Google in the summer of 2014, it went on a acquisition spree, snapping up connected home products. The haul included Revolv, a kind of pre-Nest smarthome hub. Now Revolv is being shut down. This is inherently good for anyone who wants better Nest-type products for their home—and really shitty…
Indoor plumbing and unlimited clean water aren’t available everywhere. That’s why this clever, compact shower that recycles the same water several times—after purifying it after each use!—seems very handy.
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