Month: April 2020
Economists haven’t throw out the models yet (but they will)
There are many things that are in short supply these days, but one of them is cognitive flexibility. Humans are used to confronting the extreme complexity of our modern world with some mélange of data, modeling, heuristics, and “gut instinct.” We can’t know everything about everything, and so we have…
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Peloton pauses April’s live classes after an employee tested positive for COVID-19
Peloton has announced that it will stop producing and airing live cycling and running classes until April 30th after an employee tested positive for COVID-19 late last week. The company originally planned to reopen its studios on Tuesday, April 7th, taking the weekend to deep clean its facilities. “We have…
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COVID-hit UK startups cry out for help, as UK gov trails Europe in its response
The UK government is reportedly looking at a range of options to support the startup industry, possibly involving a co-investment model involving state-owned funds (via the British Business Bank) and private VC funds. Investors have been warning that typically loss-making, early-stage startups are at risk of collapse amid the coronavirus…
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Uber built a tool to help its drivers find work at other companies
Uber recognizes that its drivers are facing major work shortages, as fewer people travel via rideshare during the pandemic. The company is already offering 14 days of financial assistance to drivers diagnosed with COVID-19, and it fought for its gig… Source
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Equity Monday: Hunting for green shoots amidst the startup data
Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Before we jump into today’s show, don’t forget that the long-form Equity that we’ve done for more than three years still drops on Friday. Last week’s was a particular delight, so make sure…
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Paul Cormier takes over as Red Hat CEO, as Jim Whitehurst moves to IBM
When Ginni Rometty indicated that she was stepping down as IBM CEO at the end of January, the company announced that Arvind Krishna would be taking over, while Red Hat CEO Jim Whitehurst would become president. To fill his role, Red Hat announced today that long-time executive Paul Cormier has…
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