Lyft CEO and president stepping down to be replaced by former Amazon exec

UPDATE: This article has been updated with compensation package information for Green, Zimmer and Risher. Lyft co-founders, CEO Logan Green and president John Zimmer, are stepping down from their roles by mid-April, the company said Wednesday. They will serve as chair and vice chair of Lyft’s board, respectively. David Risher, a former retail executive at … Read more

Lyft CEO and president stepping down to be replaced by former Amazon exec

UPDATE: This article has been updated with compensation package information for Green, Zimmer and Risher. Lyft co-founders, CEO Logan Green and president John Zimmer, are stepping down from their roles by mid-April, the company said Wednesday. They will serve as chair and vice chair of Lyft’s board, respectively. David Risher, a former retail executive at … Read more

Lyft CEO and president stepping down to be replaced by former Amazon exec

Lyft co-founders, CEO Logan Green and president John Zimmer, are stepping down from their roles by mid-April, the company said Wednesday. They will serve as chair and vice chair of Lyft’s board, respectively. David Risher, a former retail executive at Amazon, will take over the CEO position at Lyft. Lyft’s current chairman, Sean Aggarwal, will … Read more

Lyft CEO and president stepping down to be replaced by former Amazon exec

Lyft co-founders, CEO Logan Green and president John Zimmer, are stepping down from their roles by mid-April, the company said Wednesday. They will serve as chair and vice chair of Lyft’s board, respectively. David Risher, a former retail executive at Amazon, will take over the CEO position at Lyft. Lyft’s current chairman, Sean Aggarwal, will … Read more

Disrupt 2023 — we’re shipping a big new release

If the past few years, and even the past week, has reminded us soundly of anything – it’s that the startup world will never be predictable.  To meet the changing startup landscape, we’re refreshing and re-imagining TechCrunch Disrupt 2023 in a big way with more of what you love and new ways to accelerate your … Read more

What’s Turo worth?

Late last week, Turo, a startup that allows consumers to rent their cars to one another, updated its IPO filing to include full-year data from 2022, giving us a better understanding of its post-COVID performance. Turo, a venture-backed company that has raised hundreds of millions while private, filed privately to go public back in 2021. … Read more

Why some VCs bet on people over businesses

It’s been tough to raise funds in the last few years for most sectors, and many VCs will tell you that a startup needs to have a killer product-market fit before getting that check. But Eric Tarczynski of Contrary Capital believes in investing in people over businesses, and the wisdom to this approach has been … Read more

More layoff misery could be coming to Salesforce

On Friday, Bloomberg reported that more layoffs could be on the way at Salesforce, quoting chief operating officer Brian Millham, who indicated that the company could be adding to the ongoing job cutting at the CRM leader and in tech in general. If the layoffs happen, it would come on top of the 10% cut … Read more

France bans recreational apps like TikTok on government devices

France is the latest country taking steps to ban TikTok from government-managed devices. Stanislas Guerini, the Minister of Public Transformation and Service, and his services issued a statement announcing the move and the reasoning behind this change. But there’s a twist: Instead of simply banning only TikTon, the French government is saying that all recreational … Read more

France bans recreational apps like TikTok on government devices

France is the latest country that is taking steps to ban TikTok from government-managed devices. Stanislas Guerini, the Minister of Public Transformation and Service, and his services issued a succinct statement announcing the move and the reasoning behind this change. But there’s a twist. Instead of simply banning the social media app, the French government … Read more

Activist investor Elliott ditches director nomination plans for Salesforce

Activist investor Elliott Investment Management won’t be proceeding with plans to nominate its own directors to Salesforce’s board, citing improved performance and a clearer “focus on value creation” from the enterprise software company. Elliott is one of five activist investors within Salesforce’s ranks, after news emerged at the turn of the year that it had … Read more

Activist investor Elliott ditches director nomination plans for Salesforce

Activist investor Elliott Investment Management won’t be proceeding with plans to nominate its own directors to Salesforce’s board, citing improved performance and a clearer “focus on value creation” from the enterprise software company. Elliott is one of five activist investors within Salesforce’s ranks, after it bought a multi-billion dollar stake in the company at the … Read more

First Citizens to acquire failed Silicon Valley Bank

First Citizens has agreed to buy Silicon Valley Bank, the California lender that served as lifeblood to thousands of startups before its collapse sent shockwaves through the financial sector, the U.S. Federal Deposit Insurance Corporation said on Monday. The failure of Silicon Valley Bank is estimated to incur a loss of about $20 billion to … Read more

First Citizens to acquire failed Silicon Valley Bank

First Citizens has agreed to buy Silicon Valley Bank, the California lender that served as lifeblood to thousands of startups before its collapse sent shockwaves through the financial sector, the U.S. Federal Deposit Insurance Corporation said on Monday. The failure of Silicon Valley Bank is estimated to incur a loss of about $20 billion to … Read more

Why this round of tech optimism feels different

One of my most joyous technology memories concerns Project Origami. The effort from Microsoft, Intel and others launched ultra-mobile PCs, or UMPCs. The devices, akin to squeezing a full Windows machine into something about the size of a midrange iPad, often complete with a physical keyboard, utterly fascinated me back around 2006. At that time … Read more

Why this round of tech optimism feels different

One of my most joyous technology memories concerns Project Origami. The effort from Microsoft, Intel and others launched ultra-mobile PCs, or UMPCs. The devices, akin to squeezing a full Windows machine into something about the size of a midrange iPad, often complete with a physical keyboard, utterly fascinated me back around 2006. At that time … Read more

Why this round of tech optimism feels different

One of my most joyous technology memories concerns Project Origami. The effort from Microsoft, Intel and others launched ultra-mobile PCs, or UMPCs. The devices, akin to squeezing a full Windows machine into something about the size of a midrange iPad, often complete with a physical keyboard, utterly fascinated me back around 2006. At that time … Read more

Why this round of tech optimism feels different

One of my most joyous technology memories concerns Project Origami. The effort from Microsoft, Intel and others launched ultra-mobile PCs, or UMPCs. The devices, akin to squeezing a full Windows machine into something about the size of a midrange iPad, often complete with a physical keyboard, utterly fascinated me back around 2006. At that time … Read more

Why this round of tech optimism feels different

One of my most joyous technology memories concerns Project Origami. The effort from Microsoft, Intel and others launched ultra-mobile PCs, or UMPCs. The devices, akin to squeezing a full Windows machine into something about the size of a midrange iPad, often complete with a physical keyboard, utterly fascinated me back around 2006. At that time … Read more

Why this round of tech optimism feels different

One of my most joyous technology memories concerns Project Origami. The effort from Microsoft, Intel and others launched ultra-mobile PCs, or UMPCs. The devices, akin to squeezing a full Windows machine into something about the size of a midrange iPad, often complete with a physical keyboard, utterly fascinated me back around 2006. At that time … Read more