In what will be seen as a big recruiting and retention win for Cruise, employees will be offered equity in GM’s self-driving technology subsidiary rather than shares of GM. The securities offering was disclosed in a recent SEC filing for GM Cruise Holdings LLC. The filing, which also lists the initial officers of GM Cruise […]
View More In recruiting win, GM’s Cruise employees offered equity in CruiseCategory: U.S Securities and Exchange Commission
Security tokens will be coming soon to an exchange near you
While cryptocurrencies have generated the lion’s share of investment and attention to date, I’m more excited about the potential for another blockchain-based digital asset: security tokens.
View More Security tokens will be coming soon to an exchange near youSino-US investment firms are targeting over $4 billion for new funds launched this year
As limited partners increasingly demand greater exposure to emerging market opportunities, venture capital firms with a focus on Asia are bulking up their funds and chasing deals in an increasingly competitive race to own stakes in the next generation of local startups with global aspirations. Over the last year, firms, including DCM Ventures, GGV Capital, Matrix […]
View More Sino-US investment firms are targeting over $4 billion for new funds launched this yearWith no white knight in sight, Tesla shares plummet from Musk’s tweet-related highs
Investors definitely aren’t stoked by the deafening silence coming from Tesla after its chief executive announced in a tweet that he plans to drop a fat sack of cash on public shareholders in a bid to take the company private. Tesla’s shares have tumbled from their post-tweet highs as investors are now left with the embers […]
View More With no white knight in sight, Tesla shares plummet from Musk’s tweet-related highsWalmart acquiring Shopify is no longer a laughable idea
As competition between Walmart and Amazon intensifies, the acquisition of Shopify’s merchant marketplace may be the boost that the Walton family’s juggernaut needs to move ahead.
View More Walmart acquiring Shopify is no longer a laughable ideaThousands of cryptocurrency projects are already dead
Two sites that are actively cataloging failed crypto projects, Coinopsy and DeadCoins, have found that over a 1,000 projects have failed so far in 2018. The projects range from true abandonware to outright scams and include BRIG, a scam by two “brothers,” Jack and Jay Brig, and Titanium, a project that ended in an SEC […]
View More Thousands of cryptocurrency projects are already deadFour MIT students have launched DeepBench to democratize access to expert networks
New European financial regulations requiring fund managers at investment firms to pay banks for research and trading services separately could open the door for new entrants in the professional advisory services marketplace.
The rules, which were approved in 2014, but only took effect in January, are proving to be a boon for four MIT students who launched a company last year to try and grab some of the market.
View More Four MIT students have launched DeepBench to democratize access to expert networksFacebook did not inform the FTC about initial Cambridge Analytica leak
In testimony before the Senate Judiciary and Commerce, Science, and Transportation committees, Facebook chief executive Mark Zuckerberg said that his company did not notify the Federal Trade Commission about the initial user data leak that triggered its most recent privacy scandal. “They considered it a ‘closed case’,”Zuckerberg said in response to a question over whether […]
View More Facebook did not inform the FTC about initial Cambridge Analytica leakCryptocurrency ad bans are a step in the right direction
Google just banned cryptocurrency and ICO ads, a move that follows Facebook decision to do the same. The language is stark: you are no longer allowed to advertise “Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice).” This is good news. In the Wild […]
View More Cryptocurrency ad bans are a step in the right directionWinklevoss-led Gemini announces a self-regulatory group for crypto
Gemini, run by the Winklevoss twins, is one of the most Wall Street-oriented exchanges on the crypto markets. Originally envisioned as “bitcoin in a suit,” it is now leading the way in self-regulation with a new Virtual Commodity Association, a self-regulating group that aims to take the guesswork out of crypto in the future. “We […]
The SEC says companies must disclose more information about cybersecurity risks
The U.S. Securities and Exchange Commission issued new guidance calling on public companies to be more forthcoming when disclosing cybersecurity risks, even before a breach or attack happens. The statement, which expands on previous guidance issued in 2011, also warns that corporate insiders must not trade shares when they have information about cybersecurity issues that isn’t public yet. Read More