When DoorDash announced changes in its tipping model last month, it was certainly a step in the right direction. Some workers, however, have said it’s not enough. In addition to wanting fair wages, they want back pay. In light of DoorDash’s announcement, labor group Working Washington said a key question remained: “Will they pay workers…
Disney CEO Bob Iger has resigned from Apple’s board of directors, according to a just-published SEC filing. Neither company has given any reason for the departure — the explanatory text of the SEC filing is literally just “On September 10, 2019, Bob Iger resigned from the Board of Directors of Apple Inc.” — but with…
How and why sales efficiency could help tech start-ups unlock growth Ryan Floyd is a founding Managing Director of Storm Ventures, investing in early stage enterprise SaaS companies, and the host of Ask a VC Youtube channel. Sales efficiency is the best way to understand the economics of a business. To me, it answers the…
OKCredit, a Bangalore-based startup that enables small merchants to digitize their bookkeeping, has raised $67 million in a new financing round to grow its business in the nation. The Series B financing round for the two-year-old startup was led by Lightspeed and Tiger Global. The new round, which follows the Series A in June, climbs…
Vudu, the streaming service owned by Walmart, announced a new feature today that will make it easier for viewers to avoid sex and violence in movies. Anyone who’s watched an R-rated movie on broadcast television or on an airplane is probably familiar with films that have been “edited for content,” but Vudu’s new Family Play…
GM’s high-end brand unveiled Thursday the 2020 Cadillac CT4, a sporty and small sedan that is designed and priced to attract younger buyers looking to enter the luxury car market. The vehicle’s debut also marks an important expansion for GM’s hands-free driver assistance system, Super Cruise. The hands-free driving system has been lauded for its capabilities;…
Replica, the data-gathering tool created within Sidewalk Labs that maps the movement of people in cities, is now a company. The newly formed company, which is headed by Nick Bowden, also announced Thursday it has raised $11 million in a Series A funding round from investors Innovation Endeavors, Firebrand Ventures, and Revolution’s Rise of the…
Storyblocks, the subscription-based stock audio, imagery and video service formerly known as Videoblocks, today announced the launch of its new Member Library Partner Program. The company has also shuttered its pay-per-download marketplace and is now fully invested in its all-inclusive subscription program. The reason for this move, the company says, it to better align its…
Walmart is expanding its brand-new “Delivery Unlimited” grocery delivery membership program to more stores across the U.S., with plans to reach over 50% of the country by year-end. The new program allows regular grocery delivery customers to pay either an annual fee of $98 or $12.95 on a monthly basis instead of paying the usual…
Mark Hurd, one two CEOs leading the database software giant Oracle, is taking a leave of absence owing to health reasons, he told employees in a letter today. Oracle has not specified what Hurd’s health issue is or how long he is expected to be away. Hurd joined Oracle nine years ago, after spending five…
