Reddit co-founder Alexis Ohanian is leaving Initialized Capital, the investment firm he co-founded in 2011 with Garry Tan, as first reported by Axios and confirmed by TechCrunch. The move comes weeks after Ohanian publicly stepped down from the Reddit board of directors, with Y Combinator president Michael Seibel taking his spot. Ohanian launched Initialized Capital […] …Continue Reading

TaskRabbit CEO Stacy Brown-Philpot announced today that she is stepping down from her role at the freelance labor marketplace. Brown-Philpot joined TaskRabbit seven years ago as the company’s chief operating officer and was promoted to CEO in the spring of 2016. In the fall of 2017, the company was acquired by Ikea for undisclosed terms […] …Continue Reading

DoorDash is facing a lawsuit from San Francisco District Attorney Chesa Boudin for “illegally misclassifying employees as independent contractors,” Boudin tweeted today. In the complaint, Boudin argues DoorDash misclassified its workers and in doing so, engages in unfair labor practices. “Misclassifying workers deprives them of the labor law safeguards to which they are entitled, denying […] …Continue Reading

NASA has selected a new top official to oversee all of its efforts regarding human spaceflight — Kathy Lueders, who previously led NASA’s commercial crew program starting in 2014 and culminating in the successful first crewed demonstration launch of SpaceX’s Dragon spacecraft last month. Lueders also previously worked on NASA’S Commercial Cargo program, which has […] …Continue Reading

When Salesforce announced it was acquiring Vlocity for $1.33 billion in February, it was a deal that made sense for both companies. Today, the company announced that the deal has closed and Vlocity CEO David Schmaier has been named CEO of a new division called Salesforce Industries. Vlocity has built several industry-specific CRM tools such […] …Continue Reading

Some Facebook employees are virtually walking out today to challenge the company’s lack of response to President Donald Trump’s posts pertaining to protests in light of the murder of George Floyd. Employees participating in the protest requested time off and then added an out-of-office response to their emails notifying senders they are protesting, The New […] …Continue Reading

Another tech company is joining the list of those planning on going remote for the long haul: Box . Box CEO Aaron Levie announced this morning that the company will “remain a digital-first organization” moving forward. While it sounds like they’re still working out exactly what that entails, one key aspect is that Box employees […] …Continue Reading

IBM confirmed reports from overnight that it is conducting layoffs, but wouldn’t provide details related to location, departments or number of employees involved. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind Krishna. “IBM’s work in a highly competitive marketplace requires flexibility […] …Continue Reading