Google is shutting down Shoelace, a hyper-local social networking app it had launched in New York City in July 2019 — In July 2019, Google's experimental project incubator Area 120 launched a new local meetup app that would connect users in New York City.
Cybersecurity firm Rapid7 is acquiring DivvyCloud, a cloud security and governance startup, for $145M in cash and stock — Rapid7 announced today after the closing bell that it will be acquiring DivvyCloud, a cloud security and governance startup for $145 million in cash and stock.
Thuan Pham, hired as Uber’s chief technology officer by former CEO Travis Kalanick back in 2013, is leaving the company in three weeks, the ride-share giant revealed today in an SEC filing that came out as a piece in The Information reported that massive layoffs at Uber are being proposed to preserve some of the company’s dwindling capital reserves.
The outlet suggests the discussed cuts could impact upwards of 20 percent of Uber’s 27,000 employees, roughly 800 of whom could theoretically come from Pham’s engineering team, which currently comprises 3,800 people.
Said an Uber spokesman to The Information’s Amir Efrati: “As you would expect, the company is looking at every possible scenario to ensure we get to the other side of this crisis in a stronger position than ever.”
Uber has been hard hit as much of the country and world remains at home, awaiting a vaccine for — or at least more testing around — COVID-19. Last Thursday, Uber said it expects an impairment charge of up to $2.2 billion in the first quarter due to the outbreak and for revenue to nosedive by $17 million to $22 million in the quarter. (The company will report its first quarter results next Thursday.)
Pham has meanwhile become the longest-serving top executive at Uber, outlasting not just Kalanick, who was forced to resign as CEO back in 2018, but also the members of Kalanick’s so-called “A team” of trusted advisors. Included in this circle: Ryan Graves, who was one of Uber’s first employees a board member of the company until last May; Uber’s former head of product, Daniel Graf, who has since started his own company; Eric Alexander, who was Uber’s president of business in Asia and was fired in 2017 over his handling of a rape investigation in India; and Emil Michael, Uber’s controversial former SVP of business who left the company in 2017, though it remains unknown if he resigned or was fired.
Pham — who was recruited by Kalanick from VMWare, where he’d spent the previous eight years — stood to make more than $200 million from Uber’s IPO last year, according to Business Insider. At the time, he owned 5.4 million shares.
It’s a true American success story. At age 12, Pham escaped Vietnam with his mother and brother in a fishing boat that was reportedly carrying dozens of other refugees. After first spending 10 months at camp in Indonesia that he has described as having no sanitation and offering only a carp over their heads, his family later arrived in Maryland and Pham, an excellent student, wound up studying at MIT.
Pham would go on to nab a master’s degree in electrical engineering before being drawn to job in Silicon Valley, where his first job was at Hewlett Packard. He said after three years, he “got bored” and joined Silicon Graphics, whose cofounder, Jim Clark, would later cofound Netscape with a young Marc Andreessen.
Pham spoke at a startup event in February, roughly one month before the Bay Area instituted its shelter-in-place rules. You can check out the talk below.
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