In Brief

Jeff Bezos’ brother’s firm has launched a debut $100M VC fund called HIPstr

Fundraising /

HighPost Capital, a private equity firm run by Mark Bezos, Jeff Bezos’ younger brother, and PE veteran David Moross, has launched a new venture capital arm called HIPstr. And with it, fresh capital to invest in startups. The new entity just announced its first VC fund of $100 million. HighPost Capital focuses on consumer companies and […]

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Palo Alto Networks CEO apologizes for happy hour display featuring women with lampshades on their heads

Enterprise /

Cybersecurity giant Palo Alto Networks is getting a lot of grief for a recent trade show event in which two women posed with lampshades on their heads. The debacle — which unflatteringly recalls the CES booth babes of the early ’90s and 2000s — reportedly happened at a happy hour hosted by CyberRisk Collaborative and

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Databricks reportedly paid $2 billion in Tabular acquisition

Enterprise /

Analytics and AI giant Databricks reportedly paid nearly $2 billion when it acquired Tabular in June, a startup that was only doing $1 million in annual recurring revenue, according to Bloomberg. That’s a pretty outrageous exit multiple, and it was purportedly fueled by a battle between Databricks and Snowflake. Tabular had over $30 million in

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Texas firm says it lost $60M in a bank wire transfer scam

Security /

Texas-based carbon black company Orion informed investors that it lost $60 million after falling victim to a criminal scheme that resulted in “multiple fraudulently induced outbound wire transfers to accounts controlled by unknown third parties.”  No further specifics were given, but these schemes typically involve fraudsters tricking employees at a company — often in finance

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Thiel’s Gawker takedown could be coming to a theater near you

Media & Entertainment /

Ben Affleck and Matt Damon have acquired a screenplay called “Killing Gawker,” which presumably delves into billionaire VC Peter Thiel’s campaign to bury the media outfit for posting excerpts from a Hulk Hogan sex tape. The film is based on a book that details the 2016 court case in which Hogan won a $140 million

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UAW files federal labor charges against Trump, Musk for intimidating workers at X Spaces event

Transportation /

The United Auto Workers union said Tuesday that it filed federal labor charges against Donald Trump and Elon Musk. The union alleges that Trump and Musk attempted to “threaten and intimidate workers” who engage in strikes after comments made during the now notorious X Spaces interview Monday evening. “They go on strike, I won’t mention

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FBI takes down ransomware gang that hacked dozens of companies

Security /

FBI’s seizure notice of the Radar/Dispossessor ransomware and extortion gang. Image Credits: FBI The FBI said Monday it seized the servers of a ransomware and extortion gang called Radar (aka Dispossessor). At the time of writing, Radar’s website features a message from law enforcement, reading: “This website has been seized.” It’s a rare win for

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Waymo to begin testing driverless robotaxis on San Francisco freeways

Transportation /

Waymo plans to start testing its fully autonomous vehicles with no human safety driver on freeways in the San Francisco Bay Area this week. Its employees will be the first guinea pigs, and initial testing will start outside rush hour with “less than a handful” of vehicles. For those who didn’t already know, Waymo got

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