Category: TC
Investors bet millions on Microverse, a Lambda School for the developing world
The student loan crisis in the U.S. has left venture capitalists searching for novel approaches to financing higher education, but can the same systems designed for helping coders in Silicon Valley get jobs at Google help underserved students in developing countries become part of a global work force? Similar to…
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Salesforce grabs Vlocity for $1.33B, a startup with $1B valuation
It’s been a big news day for Salesforce . It announced that co-CEO Keith Block would be stepping down, and that it had acquired Vlocity for $1.33 billion in an all-cash deal. It’s no coincidence that Salesforce targeted this startup. It’s a firm that builds six industry-specific CRMs on top…
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Salesforce co-CEO Keith Block steps down
Salesforce today announced that Keith Block, the company’s co-CEO, is stepping down. This leaves company founder Marc Benioff as the sole CEO and chair of the CRM juggernaut. Block’s bio has already been wiped from Salesforce’s leadership page. Block stepped into the co-CEO role in 2018, after a long career…
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Disney CEO Bob Iger immediately steps down from CEO position
The Walt Disney Company announced this afternoon that Robert Iger, the company’s long-time CEO who ushered in the company’s lush franchise and entertainment platform profits, will step down immediately as chief executive. Bob Chapek, a long-time senior exec at the company who most recently held the position of Chairman of…
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Facebook acquires the VR game studio behind one of the Rift’s best games
Facebook is aiming to build on its VR hardware launches of 2019 with an investment in virtual reality software. Facebook announced today that it has acquired Bay Area VR studio Sanzaru Games, the developer of Asgard’s Wrath, considered by many enthusiasts to be one of the Oculus Rift’s best games.…
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Three-quarters of Americans lack confidence in tech companies’ ability to fight election interference
A significant majority of Americans have lost faith in tech companies’ ability to prevent the misuse of their platforms to influence the 2020 presidential election, according to a new study from Pew Research Center, released today. The study found that nearly three-quarters of Americans (74%) don’t believe platforms like Facebook,…
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