Biotech sensation Theranos was supposed to be Silicon Valley’s next hot IPO. But late Thursday evening, the company told Fortune Magazine that its board of directors had shrunk from 12 members to five as it battles a perfect storm of negative publicity.
With the Tinder double-opt-in Internet dating app valued at up to $5 billion in advance of its initial public offering on the stock market (IPO), little WildFireWeb, which owns the “Tinder®” federal registration mark, has launched a crowd-funded effort to raise hundreds of thousands of dollars to fund a lawsuit that could potentially be worth hundreds of millions of dollars.
The $8 million political war chest raised by Airbnb and others to defeat San Francisco’s Proposition F, which would be an existential threat to private short-term “vacation rentals,” appears to be succeeding, with a double-digit lead in the polls.
Despite $225 billion in secured debt and prices collapsing by 55 percent, the oil fracking industry continues to boom due to rapidly increasing productivity.
A huge stock market rally kicked off when the U.S. Treasury was forced to pay out a net $32 billion last week after the Republican Congress failed to raise the legal debt ceiling on the U.S. government’s $18.113 trillion Ponzi debt scheme.
The infamous California High-Speed Rail may take an extra 15 years to build, travel underground through several very dangerous geologic faults, and rise in cost to $93 billion.
With the Federal Emergency Management Agency urging all Californians to buy low-cost federally subsidized flood insurance in anticipation of the most powerful El Niño condition in history, residents should buy immediately.
Two and a half months after defaulting on part of its $73 billion in debt, President Barack Obama is asking Congress to give Puerto Rico the power to file for bankruptcy, so the U.S. Territory can cancel their debt and borrow more money.
As Theranos, Inc. was preparing for one of Silicon Valley’s biggest IPO’s when its pin-prick blood test for thousands of diseases was approved by the FDA on July 15, the company was rocked on October 15 by a Wall Street Journal article citing “unnamed” former employees claiming Theranos inflated its testing effectiveness to the FDA.
The IMF just confirmed Breitbart News’ October 5 warning that Saudi Arabia’s cash reserves are in free-fall, with a new estimate that the world’s richest kingdom may be bankrupt by 2020.
Tesla stock plunged -10 percent on Tuesday in a double whammy of bad news as Consumer Reports pulled its “best car ever” designation, and the California Department of Motor Vehicles (DMV) said the company is illegally “bird dogging” to hype sales.
Looking to form class action lawsuits under California’s Proposition 65, nominal plaintiff Jerod Harris filed a federal complaint against R.J. Reynolds Vapor Co. claiming he didn’t know vaping uses nicotine.
Despite worries about anger from their neighbors for perceived excess water use during the drought, suburban backyard pools use 13 percent less water than mowed grass.
Treasury Bill rates have recently fallen to zero percent, but few Americans understand that since September 2008 this has happened 46 times, and about 3 percent of all U.S. government debt under one year in maturity has been sold without paying any interest during the last 7 years.
Silicon Valley and other tech center start-ups raised $2.06 billion in “agtech” venture capital in the first half of 2015 to develop apps and devices to help farmers manage the four-year-old drought.
Although California’s labor force shrank by 32,000 jobs in September, the Employment Development Department (EDD) in Sacramento claimed a big drop in unemployment claims from 6.1 percent to 5.9 percent.
Apple Inc.’s near-billion-dollar loss Tuesday for violating a University of Wisconsin patent from 1998 that improves processor performance in all of its iPhone and iPad products will encourage more universities to sue tech companies.
The $67 billion Dell-EMC merger–a record-breaking offer in Silicon Valley–is an effort to take a Valley behemoth private in order to make the disruptive changes necessary to become a dominant force in the coming cloud computing era.
Gov. Jerry Brown has signed a controversial law making California the nation’s strictest regulator of the use of livestock antibiotics, limiting use only to sick animals directly under the care of a veterinarian.
California Gov. Jerry Brown has signed AB 1461, known as “Motor Voter on Steroids,” to join Oregon in automatically registering people to vote when they visit the Department of Motor Vehicles (DMV). The legislation takes the federal “Motor Voter” law
Bill Patzert, climatologist at NASA’s Jet Propulsion Laboratory in Flintridge called this year’s Pacific warming the Godzilla of all El Niños in August, but it just got much bigger.
Despite the biggest bidding war for talent in Silicon Valley being about automotive engineers, Tesla Motors CEO Elon Musk claims anyone who left the company for a $250,000 bonus was about to be fired anyway. In Silicon Valley’s gridlocked twenty-five
In moves that just get weirder every day, Google–now a wholly-owned subsidiary of Alphabet–has revealed that it owns abcdefghijklmnopqrstuvwxyz.com.
Former PIMCO boss Bill Gross has just filed a lawsuit against PIMCO seeking $200 million and claiming to be a victim–despite the company receiving a “Wells Notice” warning that the Securities and Exchange Commission (SEC) is investigating potential criminal violations in investment performance reporting during Gross’s tenure.
Supreme Court Chief Justice John G. Roberts signed an order paving the way for two million home-care workers to be eligible for minimum wages and overtime pay.
