The inevitable takedown of the female CEO

Four years ago when I founded Winnie, I set out to build a different kind of startup. Above and beyond any success our business achieved, it was most important to me that we create a culture where people would want to work. As a new mom at the time, I …

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Hackers targeted BMW, Hyundai in hunt for trade secrets

BMW declined to comment on the specific case, saying instead that it had “structures and processes” that both limited external hacking attempts and would let it quickly spot and recover from intrusions. Hyundai hasn’t responded to requests for comment so far. The culprits may have been easy to identify, though. …

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‘Reno 911!’ is coming back as a Quibi exclusive

Series creators Robert Ben Garant, Thomas Lennon and Kerri Kenney-Silver will return to star in and write the reboot — we use the term write loosely here since most of the dialogue in Reno 911! was famously improvised. As for the rest of the cast, they’ll be announced at a …

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RaySecur, a mailroom security startup, raises $3M in seed funding

Raysecur says at least ten times a day someone sends a suspicious package containing powder, liquid, or some other kind of hazard. The Boston, Mass.-based startup says its desktop-sized 3D real-time scanning technology, dubbed MailSecur, can intercept and detect threats in the mailroom before they ever make it onto the …

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Ericsson will pay over $1 billion to settle US corruption charges

The settlement leaves Ericsson largely free of criminal convictions that could have led to sanctions and other stiff penalties, although its Egyptian branch pleaded guilty to violating the FCPA. It’s paying about $520.6 million to the DOJ, while the remaining $539.9 million goes to the SEC. For contrast, companies like …

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Bird lays off several Scoot employees

Bird has laid off less than two dozen employees, The San Francisco Chronicle first reported. The layoffs affect employees Bird brought on board as part of its ~$25 million acquisition of Scoot earlier this year. Those affected were salaried employees and/or people with technical backgrounds, according to Bird. “The integration of …

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Facebook sells off Oculus Medium to Adobe

Facebook is selling Oculus Medium — a 3D virtual reality sculpting tool for creatives — to Adobe. The team was an expensive effort for Oculus and its sale signifies a broader rethinking within Facebook in what virtual reality projects they tackle in-house. It’s clear that Oculus pumped an awful lot …

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