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The Latest Breaking News from Silicon Valley

Silicon Valley’s economy trampled Austin, Seattle by billions of dollars during COVID’s first two years

Silicon Valley as an economic juggernaut has reigned supreme throughout the pandemic compared to its rivals in the Sunbelt and Pacific Northwest, newly released numbers show.

Tribune News Service

Trump targets social-media ‘censorship’ for 2024 campaign

Former President Donald Trump pledged to take on what he called “Silicon Valley censorship” as he makes a third White House run, elevating allegations that the social-media companies have routinely censored conservative voices.

Tribune News Service

Elon Musk’s Twitter Is a Shakespearean Psychodrama Set in Silicon Valley

He’s ruling his newest acquisition the way he rules the rest of his empire: impulsively, erratically, vindictively, loudly. It really doesn’t need to be this way.

Businessweek

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Google Denies Latest China Censorship Request

Silicon Valley has begun pushing back against CCP rules, could shifts in manufacturing and supply chain reliance also be on the horizon?

The Street

Apple Loosens Tight Grip on App Store Pricing

Apple on Tuesday announced the biggest upgrade to the App Store pricing system since the launch of the shop, allowing developers to charge from 29 cents to $10,000 for their offerings. The enhanced pricing options to be available for all transactions at the App Store by spring of next year…

Asharq Al-Awsat

A 36-year-old CEO saw how psychedelics treated his best friend’s mental illness. Now his Peter Thiel-funded firm wants to bring the drugs to the masses

Florian Brand's Atai Life Sciences went public three years after launching, fueled by Silicon Valley interest and promising science, but it's still waiting for its first big breakthrough.

Fortune

Andreessen Horowitz, FTX, and the future of crypto

Unlike fellow Silicon Valley giant Sequoia, a16z did not get tarnished by FTX's collapse.

Fortune

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The gods of Silicon Valley are falling to earth. So are their warped visions for society

Tech titans like Elon Musk and Sam Bankman-Fried have been feted for their wealth, but see the world in ways that also merit scrutiny , says Moya Lothian McLean

The Guardian - UK

As job cuts roil Silicon Valley, workers confront post-boom reality

When Ryan Stevens joined Meta Platforms Inc. as a product operations manager for WhatsApp in August of 2021, he was enticed by the opportunity to help shape a messaging app used daily by 2 billion people.

Tribune News Service

How Silicon Valley fervor explains Elizabeth Holmes' 11-year prison sentence

Raising hundreds of millions dollars sends a startup's valuation soaring. It can also make serious prison time all but inevitable for those in Holmes' situation.

WEKU

UK Silicon Valley plan that Michael Gove ‘flushed down toilet’ given new lease of life

Tom Waters, a senior economist at the IFS, says Hunt’s approach has been to freeze ‘everything he can get his hands on’

The Independent UK

Andreessen Horowitz conquered venture capital without breaking a sweat. Gobbling up the rest of the world won’t be so easy

A16z is betting its startup growth recipe can launch its own business far beyond Silicon Valley. Can its ambitions defy a tanking tech market?

Fortune

'Hardcore' Musk drives into a culture clash at Twitter

San Francisco (AFP) - After snapping up Twitter, one of Silicon Valley's most iconic companies, Elon Musk swiftly introduced his no-holds-barred work ethic, setting up a bitter culture clash with thousands of workers who still believed in the platform's higher mission.

AFP

Will Bunch: Billionaires like Musk, Bankman-Fried didn't save the world. They wrecked it. Let's take it back

After growing up amid upper-middle-class affluence in Silicon Valley as the children of two Stanford Law School professors, as a super-smart kid who got into MIT to study physics, Sam Bankman-Fried decided in those teen years that he wanted to save the world in the worst way.

The Philadelphia Inquirer

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The Guardian - UK

Beware self-made ‘genius’ entrepreneurs promising the earth. Just look at Elon Musk

Silicon Valley ‘saviours’ are the heroes of the hour. Too often they have feet of clay

The Street

FTX Collapse: Elon Musk Takes on a Silicon Valley Powerhouse

Tesla CEO believes big investors have some responsibility for the FTX debacle.

Tribune News Service

Theranos founder Elizabeth Holmes sentenced to more than 11 years in prison for felony fraud

Theranos founder Elizabeth Holmes has been sentenced to 135 months — or more than 11 years — in prison, following her conviction for felony fraud in one of the most closely and widely watched trials in Silicon Valley history.

Evening Standard

Elizabeth Holmes faces sentencing for defrauding Theranos investors

A federal prosecutor declared Holmes deserves a severe punishment for engineering a scam that he described as one of the most egregious white-collar crimes ever committed in Silicon Valley

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WEKU

It's judgment day for Theranos founder Elizabeth Holmes

The fallen Silicon Valley star faces up to 15 years in prison for defrauding investors in her blood-testing company. A U.S. senator is among those who have written letters asking for mercy.

AFP

Elizabeth Holmes to be sentenced in Theranos fraud trial

San Francisco (AFP) - Fallen US biotech star Elizabeth Holmes faces sentencing on Friday after being found guilty of defrauding investors and endangering patients in a case that became an indictment of Silicon Valley.

Tribune News Service

Cisco employment cuts: San Jose tech titan may chop 4,000 jobs in 'rebalance'

SAN JOSE, California — Cisco began filling in employees Thursday about how they will be affected by the San Jose tech stalwart’s restructuring that’s poised to eliminate thousands of jobs worldwide, in a new setback for Silicon Valley.

Fortune

Elizabeth Holmes' attorneys paint a dark picture of venture capital as her sentencing looms

An “ardently resilient optimist” can actually do a lot of damage.

The Guardian - UK

Major investor calls on Google owner to ‘aggressively’ cut staff and pay

Hedge fund owned by Christopher Hohn urges Alphabet to emulate cost-cutting measures of Silicon Valley rivals

Fortune

Silicon Valley braces for the legal fallout from FTX

With so many affiliated companies, so many creditors, so many customers, and jurisdictions in different countries, one legal expert calls this a “maze of issues.”

Tribune News Service

Elizabeth Holmes should get 15 years in prison for fraud, US says

Former Theranos Inc. Chief Executive Officer Elizabeth Holmes should spend 15 years in prison for committing one of the most serious white-collar crimes in Silicon Valley history, prosecutors told the judge who will sentence her.

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