A group of investors led by Softbank have put in a bid to buy $6B worth of Uber stock -- at a valuation of $48B, 30% lower than the company's valuation at its last finance round, which was followed by string of ghastly scandals including the removal of its founder, Travis Kalanick, from the CEO's office. The company has 20 days to respond.
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12:53 pm Tue
Nov 28, 2017
Major investors offer to buy a big stake in Uber -- at a 30% discount
Good one How Warner Chappell was able to steal revenues from 25% of a popular Minecraft vlogger's channels
Oliver Brotherhood is a British vlogger with over 3 million subscribers who has produced a string of very popular Minecraft-related videos under the name Mumbo Jumbo; yesterday, in the space of two hours, a quarter of his videos were claimed by music publishing giant and notorious copyright fraudsters Warner Chappell, who will now get revenues […]
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A deep dive into the internal politics, personalities and social significance of the Googler Uprising
Writing in Fortune, Beth Kowitt gives us a look inside the Googler Uprising, wherein Google staff launched a string of internal reform movements, triggered first by the company's secret participation in an AI/drone warfare project for the Pentagon, then a secret attempt to build a censored/surveilling search engine for use in China, then the revelation […]
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Pangea raised $180m to buy up low-rent Chicago properties "to help poor people," and then created the most brutally efficient eviction mill in Chicago history
Pangea was founded by Al Goldstein, a Deutsche Bank investment banker who quit to found a massive, intercontinental payday lending outfit; he tapped the investors that he enriched with his payday lending business to stake him $180 million and bought up thousands of low-rent buildings in Chicago's poorest neighborhoods (which are also Chicago's blackest neighborhoods).
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Enter for your last chance to win an iPhone XS Max and AirPods
Heads up: The clock is winding down on a free-entry contest to win not only one of the best smartphones on the market but a handy pair of earbuds. A simple sign-up is all you need to be eligible to win a 256 GB iPhone XS Max, along with AirPods. And while “free” is tough […]
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These fold-out tote bags make eco-friendly shopping a breeze
Kudos to those of us who have chosen a less wasteful third option to “paper or plastic” at the supermarket or club stores. Tote bags are reusable, but they can be a pain to tote around. Here’s an upgrade to that planet-saving measure. The Club Cart Lotus Trolley Bag is that rare tote you’ll want […]
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Pay what you want for over 120 hours of coding training
Looking for a career in IT, gaming or software development? In the ever-changing world of the internet, versatility is your biggest asset. In other words, mastering Java might not cut it in an interview if you don’t know C#. However, there’s a bundle that covers the essentials in most any language. The Legendary Learn to […]
