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Report: Theranos Settles its Lawsuit With Walgreens
Although Theranos has thus far failed as a blood-testing company, the beleaguered Silicon Valley startup is proving to be pretty adept at settling the numerous lawsuits that have piled up against it. The latest deal - reported by the Wall Street Journal - is an agreement in principle with Walgreens, the drugstore chain that had partnered with Theranos in 2010 to
A 'Shareholder Revolt' Ousts Travis Kalanick at Uber
Travis Kalanick resigned on Tuesday as CEO of Uber after a "shareholder revolt" effectively ousted him from the ride-sharing company he helped found in 2009, the New York Times reports. The stunning development comes just a week after Kalanick announced that he'd be taking an extended leave of absence under a cloud of controversy and personal tragedy. Not only was Kalanick
The World's First Cryptocurrency-Formed Venture Fund?
FinTech
Just when you thought the current blockchainsanity couldn’t get any worse, this happened: Deal Street Asia: Russian venture capital firm Kapinvest 21 has launched FinShi Capital, a venture fund based on cryptocurrencies, in partnership with a group of unnamed Chinese investors, Asia LP. This fund will target blockchain and fintech projects in Russia and beyond. It commenced selling pre-ICO (Initial
Brexit In Reverse?
Hedge Funds
LONDON – Economic reality is beginning to catch up with the false hopes of many Britons. One year ago, when a slim majority voted for the United Kingdom’s withdrawal from the European Union, they believed the promises of the popular press, and of the politicians who backed the Leave campaign, that Brexit would not reduce their living standards. Indeed, in
Masters in Business: Marc Andreessen, Venture Capitalist at A16Z
Masters in Business  Marc Andreessen Image source: YouTube Video Screenshot Masters In Business: Marc Andreessen Article by Barry Ritholtz This article was originally published in ValueWalk. Photo: TechCrunch
Video: NexChange Explores the Future of Healthcare with iCarbonX's Chief Scientist, Li Yingrui
Video
Andrew Work speaks to Li Yingrui, co-founder and chief scientist of iCarbonX, at the Emtech Hong Kong Event hosted by MIT Technology Review and Koelnmesse. iCarbonX aims to build an ecosystem of digital life based on a combination of an individual’s biological, behavioral and psychological data, the Internet and artificial intelligence. Transcript: NEXCHANGE: I'm Andrew Work with NexChange and we
This Fund Lets You Pool Your Money to Help the Most Efficient Charities
Lifestyle
Americans donated a combined $268 billion to charity in 2015. Subtract the huge gifts from millionaires and billionaires, though, and each household really contributes around $2,500. That’s lovely gesture, but not really change-the-world kind of coin, especially because it’s often spread out numerous pet causes. So in February, the Centre For Effective Altruism, a philanthropy research group that advocates for
Is the Tech Rally Back? No — It Never Went Away
Heading into Monday's trading session, many investors were concerned that the rally in tech stocks had not only come to a sudden end, but a sell-off is underway. But after one of the best trading-day performances in month on Monday, some analysts are convinced the tech rally is back and here to stay. Over the past two weeks, the technology
Google Unveils AI Job Search Engine  
FinTech
The job search has just been added to the long list of activities that is now being aided by artificial intelligence. TechCrunch reports that Google launched a new job search feature integrated directly into its normal search engine site. It incorporates almost all the key online job boards, including Monster, WayUp, LinkedIn, DirectEmployers, CareerBuilder and Facebook, plus listings it can
As Ethereum Surges, Bitcoin Finds Itself at a Crossroads
FinTech
Last week's selloff of bitcoin may have been met with a shrug by many market analysts given its volatile history, but if the selloff itself did not generate much debate around the health of the digital currency, it did serve to bring to the surface a question at the center of a debate that has already been raging for a couple of