Silicon Valley VC Keith Rabois of the so-called PayPal Mafia told a banking event earlier this month that Big Tech companies like Meta and Google had hired thousands of people to do “fake work” to hit hiring metrics out of “vanity”—and…
It took about 36 hours from when rumors on Twitter started about Silicon Valley Bank’s troubles to when the bank was ultimately shuttered on Friday. Tech investors used Twitter to warn startups to withdraw their money from SVB, as the…
Easily the biggest disappointment of Tesla’s Investor Day this month came about 40 minutes into the nearly four-hour-long presentation when execs buried all hope that a new entry-model electric car would be revealed. Elon Musk has been touting plans for…
A Kentucky university has agreed to a settlement of more than $14 million over the death of a student wrestler hours after practice, the school announced. The settlement over the death of junior Grant Brace, 20, of Louisville, Tennessee, includes…
Doug Knight’s family has owned Springfield amusement park Knight’s Action Park since 1930, himself for 43 of those years. The pandemic was a bear — Knight fought to keep his doors open, and when they closed for COVID-19, he pushed…
Americans often feel that health insurers don’t care about beneficiaries’ long-term health outcomes. Yet insurers aren’t intrinsically heartless, as folks often allege. Rather, insurers are simply motivated by profits. But so are doctors, hospital administrators, and medical device companies. In…
The recent collapse of Silicon Valley Bank has sent shock waves through the real estate industry as builders and agents alike scramble to understand what it means for mortgage rates and the economy at large. In an article published on…
Finding talent is expensive. After using resources to advertise a role, sitting through multiple interviews to whittle down applicants, and then training a new hire, the last thing employers want to go through is that costly process all over again—just…
Plastic pollution in the world’s oceans has reached “unprecedented levels” over the past 15 years, a new study has found, calling for a legally binding international treaty to halt the proliferation of plastic waste. Research published on Wednesday found that…
Hollywood superstar Ryan Reynolds has seen another business bet pay off, as T-Mobile is set to buy Mint Mobile—the wireless provider in which he holds an estimated 25% stake—as part of a deal worth more than $1 billion. T-Mobile…