Cybereason CEO Eric Gan resigns after a months-long feud with investors SoftBank and Steven Mnuchin; a source says the planned Trustwave merger is also canceled
Bloomberg :
Cybereason CEO Eric Gan sues investors Steven Mnuchin and SoftBank Vision Fund, alleging they put Cybereason at risk of bankruptcy by blocking fundraising plans
Bloomberg :
A profile of Joseph Firmage, who co-founded USWeb, which went public with a $2.5B market cap in 1997, and is now being sued by “antigravity machine” investors
Joseph Firmage helped create today's digital economy. These days, he's being sued by antigravity-machine investors … X: @bradstone and @bw . Forums: Slashdot X: Brad Stone / @bradstone : Wild, out-of...
A look at Steven Mnuchin's TikTok plans; sources say his proposal to buy TikTok without its export-blocked algorithm and rebuild it from scratch is far-fetched
A look at a potential TikTok US sale, with an estimated valuation of $100B, or $40B without the algorithm, as Steven Mnuchin and others form investor groups
- TikTok's U.S. revenue reportedly was between $16 billion and $20 billion in 2023, but CEO Shou Zi Chew has said the company is in the red.
After the House vote, Chinese officials say the US has shown “robber's logic” toward TikTok, and Washington must “stop unfairly suppressing foreign companies”
TIKTOK IS LESS OF A DANGER TO THE USA THAN META (FACEBOOK!), WHICH IS A TRUE ENEMY OF THE PEOPLE. Jessica Kwong / Metro.co.uk : Trump's ex-treasury secretary is trying to buy TikTok amid ban threat Mo...
Sources: Steven Mnuchin is attempting to push through a TikTok deal enabling it to retain some Chinese ownership, despite security concerns from lawmakers
The deal would let the U.S. government approve the company's board and require TikTok to plan to go public
In a rebuke to Peter Thiel, Treasury Secretary Steven Mnuchin says that Google's work with China raises no national security concerns
Bowdeya Tweh / Wall Street Journal :
Treasury Secretary Steven Mnuchin says he has serious concerns about Facebook's Libra, joining Trump and other officials including the Federal Reserve chairman
- Treasury Secretary says he has serious concerns about coin — Facebook executive says crypto won't launch without approvals
Treasury Secretary Steven Mnuchin urges DoJ to review monopolies in tech after a 60 Minutes segment about Google's monopoly in search
- Mnuchin acknowledged that antitrust matters don't fall under his jurisdiction, but said someone ought to be looking. — His comments come on the heels of a …