Wednesday, September 11, 2019
Yahoo Japan agreed to issue a tender offer for a 50.1% stake in Japan's largest online fashion retailer, Zozotown; the deal will be worth up to $3.7B (Nikkei Asian Review)
Yahoo Japan agreed to issue a tender offer for a 50.1% stake in Japan's largest online fashion retailer, Zozotown; the deal will be worth up to $3.7B — Retailer's founder and CEO Maezawa steps down from management — TOKYO — Yahoo Japan plans to buy the operator of the country's largest …
WeWork loses its chief communications officer ahead of planned IPO
It could just be a better job offer, but WeWork’s top communications executive, Jennifer Skyler, has announced to her contacts that she is leaving the co-working giant to become the chief corporate affairs officer at American Express later this fall.
Skyler joined WeWork four years ago as its first communications hire, after spending three years as a director of communications at Facebook in New York. Skyler joined the fast-growing company as its global head of public affairs, working with us closely when we sat down with cofounder and CEO Adam Neumann at TechCrunch Disrupt in 2017.
Last year, she was promoted to the role of chief communications officer.
Skyler calls the past few years an “incredible journey,” one she was ready to end just as WeWork attempts to go public, apparently against the wishes of its biggest backer, SoftBank, which has concerns about how WeWork will be valued by public market shareholders.
Worth noting, another top communications exec, Dominic McMullen, who joined WeWork in 2016 as a vice president and the head of corporate communications, also recently announced some “personal news,” telling his network in late July that after becoming a dad (twice) in recent years, he had decided to take time off to spend with his family in Brooklyn for now.
Open-source NoSQL database startup ScyllaDB raises $25M Series C extension round, bringing the total raised to $60M (Ron Miller/TechCrunch)
Open-source NoSQL database startup ScyllaDB raises $25M Series C extension round, bringing the total raised to $60M — There are a lot of open source databases out there, and ScyllaDB, a NoSQL variety, is looking to differentiate itself by attracting none other than Amazon users.
Piracy is a tough code to crack for edtech firms
StalkBuyLove runs out of cash as funding tap goes dry
Tuesday, September 10, 2019
California passes landmark bill that requires Uber and Lyft to treat their drivers as employees
California legislators have passed a bill that would treat workers at so-called gig economy companies such as Uber and Lyft as employees, giving them access to improved wage and benefit protections.
The 29-11 vote passed on late Tuesday sends the bill — dubbed Assembly Bill 5, or AB5 — back to the State Assembly for final approval. Democratic Governor Gavin Newsom, who has maintained his support for the bill, is expected to approve it.
The proposal, expected to go into effect January 1, had drawn sharp opposition from ridesharing companies and on-demand delivery firms. When Uber, which posted a record $5.2 billion in loss last quarter and laid off hundreds this week, filed to become a public company, it told the SEC that its business would be “adversely affected if drivers were classified as employees instead of independent contractors.”
The bill says that if a contractor’s work is part of a company’s regular business, then they must be designated as employees. And thus, these workers will get access to more protections such as minimum wage, the right to unionize, and overtime.
In an op-ed published in the Sacramento Bee on Labor Day, Newsom said he supports AB5. “Reversing the trend of misclassification is a necessary and important step to improve the lives of working people. That’s why, this Labor Day, I am proud to be supporting Assembly Bill 5, which extends critical labor protections to more workers by curbing misclassification.”
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California passes landmark bill that requires gig economy workers to be treated as employees, going into effect Jan 1, affecting companies like Uber and Lyft (New York Times)
California passes landmark bill that requires gig economy workers to be treated as employees, going into effect Jan 1, affecting companies like Uber and Lyft — SACRAMENTO — California legislators approved a landmark bill on Tuesday that requires companies like Uber and Lyft to treat contract workers …
iPhone 11 and iPhone 11 Pro models feature Haptic Touch, which was introduced in iPhone XR, effectively discontinuing 3D Touch from the newest iPhones (Juli Clover/MacRumors)
iPhone 11 and iPhone 11 Pro models feature Haptic Touch, which was introduced in iPhone XR, effectively discontinuing 3D Touch from the newest iPhones — When introducing the new iPhone 11 and iPhone 11 Pro models on stage this morning during the “By Innovation Only” keynote, Apple execs mentioned …
Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third straight quarter of losses amid a food delivery price war (Tracy Qu/Wall Street Journal)
Tracy Qu / Wall Street Journal : Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third st...
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Sohee Kim / Bloomberg : South Korean authorities are investigating a data leak at e-commerce giant Coupang that exposed ~33.7M accounts; ...
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Noah Smith / Noahpinion : Americans express fear and negativity toward AI, often relying on bad arguments like water usage, a stark contr...
