Drama Archive

Peter Thiel will donate $1.25M to the Trump campaign, despite the latest controversies

Peter Thiel surprised Silicon Valley enough when he endorsed controversial Presidential candidate Donald J. Trump at the Republican National Convention earlier this year. Valley investors and entrepreneurs — the vast majority of whom do not support Trump — are likely to be even more taken aback by the news that Thiel has chosen this point to donate $1.25 million to his campaign. The timing is …

Marc Andreessen suddenly deletes all his tweets, goes on Twitter break

The Twittersphere was just a little bit quieter this morning after Marc Andreessen, father of the Tweetstorm, vacated the platform last night. While there’s no clear answer from him or others as to why he decided to take a break, Andreessen is not the first popular Silicon Valley figure to abruptly leave the service. Earlier this summer, Sam Altman, President of the Y Combinator Group, left …

Former Rothenberg employees allege mistreatment and cash management problems

As TechCrunch has previously reported, there’s been an exodus of talent from the Rothenberg “ecosystem,” amid claims of a significant breach of fiduciary responsibilities and other unconventional behavior by the venture firm’s founder, Mike Rothenberg. This week, we have learned more details about alleged employee abuses within Rothenberg Ventures, recently re-branded as Frontier Tech Ventures, as well as the River Group, a virtual reality business …

Startup accused of scamming employees scrubs its online presence

A little-known startup is in meltdown mode after a former employee took to Medium to accuse the company of scamming her out of her wages and firing her in retaliation after she filed a wage claim to recoup the unpaid cash. The Medium post was widely shared online; in response, the company shuttered its website and threatened legal action against the writer, calling her “a …

Olympic GIF ban flip-flop shows once again that Twitter can’t manage its users

Here’s a fresh example to show that Twitter, a ten-year-old company that has been public for the last three, retains the propensity to act like a newborn when it comes to its 310 million active users. We know Twitter struggles to handle the unsavory elements that exist on its platform — the recent harassment of Ghost Busters actress Leslie Jones showed that in clear terms — …

SEC looks into Hampton Creek’s mayo buy back scheme

The Securities and Exchange Commission has opened a preliminary inquiry into Hampton Creek after it was accused of running a secret project to buy up its own mayonnaise product from stores in order to spike sales numbers. Bloomberg, which first reported the news of the buybacks, now says the agency is looking at whether the startup inappropriately counted revenue from these purchases made with company …

Skully officially admits it’s over

It took more than a week for remaining Skully execs to admit to themselves it was time to shut down. But late last night the company finally sent customers an email, which was obtained by TechCrunch, telling them it has officially closed its doors. The startup’s troubles have been brewing for several months but came to a head two weeks ago when Skully’s board forced founders …