Investor GeorgePio filed a case against General Motors Co and Chief Executive Officer Mary Barra for its failure to take care of the faulty issues that led to the recall of over 3.1 million cars, Reuters reported.
People
Paul Graham hands responsibilities of Hacker News to others
As part of his move to step back from Y Combinator, Paul Graham announced that others would be taking over the responsibilities of Hacker News, TechCrunch reported.
Jesse Hurwitz leaves Google for AdBrain
Former Google Head of Global Strategy for Mobile Ad Platforms Jesse Hurwitz has left the search behemoth for mobile ad platform startup AdBrain, VentureBeat reported.
Mega Ltd to list in New Zealand through inactive shell firm
Internet entrepreneur Kim Dotcom's Mega Ltd intends to list in New Zealand by doing a reverse takeover of TRS, an inactive shell company, Reuters reported.
David Byttow says anonymous sharing app Secret takes firm stance on cyber bullying
David Byttow, the Co-Founder and Chief Executive Officer of anonymous messaging app Secret, said his company is firmly against bullying even if he does not see a lot of cyberbullying in the platform now, TechCrunch reported.
Latest News
US First Lady Michelle Obama told Chinese students that online freedom is a right that everyone should have but stopped short of urging the Chinese government to grant more freedoms to its citizens, Reuters reported.
Twenty-five tech companies have turned to Senator Ron Wyden asking his help to oppose the Trans-Pacific Partnership or TPP that could potentially limit online freedoms, VentureBeat reported.
Symantec, the antivirus software maker, has axed Chief Executive Officer Steve Bennett as senior managers left the firm now grappling with falling revenues in the hot cyber security market, the Financial Times reported.
Activist investor Carl Icahn has suggested a partial spinoff of payments platform PayPal from eBay. This time, he is suggesting a 20% IPO of PayPal, VentureBeat reported.
Accel Partners was able to raise a combined total of $1.475 billion for the Accel XII and the Accel Growth III funds while Jim Breyer will be reducing the role he plays in the venture capital firm, Forbes reported.
Y Combinator President Sam Altman has renewed the call that Paul Graham made five years ago on "founders visa" to encourage international startups to establish their firms in the US, TechCrunch reported.
Zillow and its recently-appointed Chief Industry Development Officer Errol Samuelson were sued by Move and the National Association of Realtors for breach of contract, among others, TechCrunch reported.
Harvard Management Company has named Richard Hall, the private equity head of Teacher Retirement System of Texas, to be its private equity cheif, Reuters-PE HUB reported.
Leonardo DiCaprio has bought a Palm Springs estate once owned by singer Dinah Shore and designed by architect Donald Wexler for $5,23 million, the Los Angeles Times reported.
