Cloud stocks take a beating – TechCrunch

It was a stormy Monday for cloud stocks today with the general trend pointing way down. Okta stock took the biggest beating, down over 15 percent to $48.67, and even mighty Salesforce had its worst day since 2016, according to CNBC, down 8.7 percent to $121.01. Wall Street was apparently disenchanted with just about every…

Now eight parliaments are demanding Zuckerberg answers for Facebook scandals – TechCrunch

Facebook’s founder is facing pressure to accept an invite from eight international parliaments, with lawmakers wanting to question him about negative impacts his social network is having on democratic processes globally. Last week Facebook declined an invitation from five of these parliaments. The elected representatives of Facebook users want Mark Zuckerberg to answer questions in…

Unicorns aren’t special anymore – TechCrunch

When Aileen Lee, the former Kleiner Perkins partner and founder of the seed-stage venture capital firm Cowboy Ventures, coined the term “unicorn” in 2013 on this very site, there were just 39 companies that had earned the title. She called them “the lucky/genius few.” Her definition: U.S. software startups launched since 2003 worth more than…