Fab May Sell for a Pittance While Ex-Founder Abandons Fab-Like Startup

For years, venture capitalists exuberantly assumed Fab, the online furniture store, could be worth $1 billion, despite mounting evidence that it was difficult to make money off of flash sales. Now TechCrunch reports that Fab may soon be sold to PCH International, an Irish supply chain company, for $15 million "and… » 11/21/14 4:50pm Friday 4:50pm

Male Startup Founders Think Your Vagina Should Smell Like a Ripe Peach…

When the PayPal cofounder came for your period, I did not speak out enough. So I blame myself, really, for this waste of science. According to Inc. magazine, two male bio-hackers just "previewed plans for a new probiotic supplement that will enable women to change the way their vaginas smell."

It is called it Sweet… » 11/19/14 8:25pm Wednesday 8:25pm

Startups Promising the Future Have Resorted to Embarrassing Direct Mail

Silicon Valley thinks the U.S. Postal Service is a joke. Tech investor Tim Draper called it a classic example of a "fat and lazy" industry. They tried, but failed to put it out of business. "Paper" itself is a dirty word. But when there's inventory to move, the old ways will do. » 11/19/14 3:10pm Wednesday 3:10pm

If you had a wager on which tech reporter would quit journalism to get paid by the company he once covered, I hope you bet on a long shot. The staff of TechCrunch is is intact. But Snapchat believer Ellis Hamburger is leaving The Verge to work for Snapchat. » 11/18/14 7:02pm Tuesday 7:02pm

Uber CEO Posts 13-Tweet Apology Without Answering a Single Question

Uber CEO Travis Kalanick just responded to privacy and ethics concerns about Emil Michael, after the top executive publicly suggested paying $1 million to smear journalists who have criticized the multi-billion corporation. Kalanick's medium of choice was Twitter and his method was a "tweetstorm," a series of… » 11/18/14 4:15pm Tuesday 4:15pm

Uber Exec Proposes Smearing Female Reporters Who Criticized the App

Uber's competitors, regulators, and drivers can take a breath. The company, which believes it is worth $25 billion, has a new nemesis: reporters who don't follow the puff piece protocol. A top Uber executive suggested hiring opposition researchers "specifically to spread details of the personal life of a female… » 11/17/14 10:20pm Monday 10:20pm

Uber Gets Closer to Driverless Cars by Letting Riders Control the Music

Uber CEO Travis Kalanick believes in magic. With the "magic" of driverless cars, he recently said on stage, the cost of his car service will become cheaper because riders don't have to pay for "the other dude in the car," i.e. the human driver. Now with Uber's new Spotify partnership, you don't even have to listen to… » 11/17/14 1:25pm Monday 1:25pm

Goldman Sachs Sucks at Recruiting Engineers Until They See the Salary

The recruiting funnel from the Ivy League to Goldman Sachs has been short on engineers ever since Silicon Valley decided to exploit Wall Street's moral failings to fill their tech campuses. But according to Dealbook, the vampiric cephalopod is biting back with a "new, hipper website" and a bunch of buzzwords. » 11/14/14 4:10pm 11/14/14 4:10pm

Reddit Installs Interim Female CEO and Says The Job Is Hers to Lose

When Reddit CEO Yishan Wong announced that the crowd-sourced news site had raised $50 million, he called his financiers "patient, long-term investors who support our views on difficult issues." But less than two months later that patience seems to have run out and over a suspiciously simple dispute. » 11/13/14 7:15pm 11/13/14 7:15pm

Keira Knightley Talks About Billionaire Tech CEOs Like They're Aliens

Beautiful human and fragrance retailer Keira Knightly sat on Jimmy Kimmel's couch last night and discussed a private Silicon Valley screening of her new movie, The Imitation Game, hosted by American billionaire Mark Zuckerberg, American millionaire Harvey Weinstein, and Russian billionaire Yuri Milner, a well-known… » 11/11/14 12:30pm 11/11/14 12:30pm

Aereo, the once-promising startup that wanted to bring live TV to your laptop, is laying off "most of its staff." The company raised $97 million in financing to fight broadcasters like Fox, NBC, and Disney by exploiting a loophole in copyright law, but lost in the Supreme Court. » 11/06/14 7:55pm 11/06/14 7:55pm

Google's Newest Perk Is DNA Testing For Employees With Cancer

The perk competition between tech companies has taken a very personal turn. Google will soon start covering the cost of DNA tests "for employees and their family-members suffering from cancer," says Reuters. » 11/05/14 8:30pm 11/05/14 8:30pm

LivingSocial CEO Says He's Laying Off 20 Percent of Staff [Update]

Update: The CEO sent an email (below) confirming the layoffs Thursday morning. A source tells Valleywag that LivingSocial just announced 20 percent layoffs at the company. The "online marketplace" for local deals raised $934.7 million in venture capital. Earlier this year the company invested heavily in recruiting for… » 11/05/14 4:24pm 11/05/14 4:24pm

Uber and Its Shady Partners Are Pushing Drivers into Subprime Loans

The subprime lending market that plunged America into the Great Recession is back and as unscrupulous as ever. Instead of mortgages, this time a bubble has formed around auto loans, and reliably ruthless Uber is in the thick of it. Two "partners" in Uber's vehicle financing program are under federal investigation,… » 11/04/14 12:35pm 11/04/14 12:35pm

YouTube Cofounder Just Bought (Part) of a Los Angeles Sports Team

Wealthy tech executives like investing in sports team for the same reason they like investing in restaurants: it guarantees them a seat. And YouTube cofounder Chad Hurley just bought a front row view of the Los Angeles Football Club, alongside co-owners Magic Johnson, Mia Hamm, motivational maniac Tony Robbins, and… » 11/03/14 11:00am 11/03/14 11:00am

Ex-Googler Poached By Obama Is Already Praising "Talented Regulators"

A few weeks in the White House has imbued chief technology officer Megan Smith with a newfound respect for Silicon Valley's number one enemy: regulation. While Larry and Sergey try to dismantle healthcare law, the former VP of Google X is complimenting "talented regulators" in The New York Times Magazine. » 10/31/14 6:30pm 10/31/14 6:30pm