For many, strolling around San Francisco is a pleasure. But for the optimization-obsessed elites of Silicon Valley, traveling through a world-class city is just laboring tax on their time. Now one former Facebook boss realizes his "soul-crushing" shuttle bus commute out of town was a blessing in disguise.
Faced with sagging ad sales, Yahoo has decided to keep trying to same failing strategy: gobbling up fledgling startups to reinvigorate the aging behemoth. An activist investor already slammed this approach as a money-burning fuck up. But CEO Marissa Mayer is undeterred. She plans to squander profits from Yahoo's stake in Alibaba on more youthful startups.
Microsoft CEO Satya Nadella is better prepared for his apology tour than he was for his panel at the Grace Hopper conference for women in computing. He gave CNBC and USA Today the same line explaining why he encouraged women to rely on "karma" and the "have faith in the system" rather than ask for a raise.
While San Francisco is rolling over for Airbnb, New York's attorney general is going after the so-called "home sharing" startup. After subpoenaing records from thousands of Airbnb's New York users, Attorney General Eric Schneiderman has issued a report on the $10 billion rental site's impact on the city. What he found isn't pretty.
With all the tech money being flung around the Bay Area, everyone is grabbing for a piece—especially real estate developers. In San Francisco's south-east corner, a Miami-based development company is looking to reinvent a government Superfund site into a techie "innovation center," complete with usual Silicon Valley amenities.