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The Latest Breaking News from Silicon Valley

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

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 Guardian - UK

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.

Tribune News Service

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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

Evening Standard

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.

WEKU

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.

Tribune News Service

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.

Fortune

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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

The Guardian - UK

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.”

Fortune

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.

Tribune News Service

Elizabeth Holmes asks for leniency for her Theranos crimes

Disgraced Theranos CEO Elizabeth Holmes is casting herself as a Silicon Valley scapegoat who overcame an abusive relationship to become a loving mother in an effort to avoid a lengthy prison sentence for duping investors in her failed blood-testing company

The Independent UK

Q&A: Jim Dukhovny, nightclub DJ turned tech CEO. His latest business – flying cars

SAN JOSE, Calif. — When the lights lowered and thumping bass music filled a Silicon Valley event space this October, Jim Dukhovny was in his element. He is a former events promoter and musician dubbed “DjWizard” who is accustomed to hyping up rooms filled with revelers.

Tribune News Service

Camilla reveals new monogram co-designed by former monk who worked in Silicon Valley

Camilla’s new cypher that will appear on her personal letters and become her trademark has been revealed.

Evening Standard

Meet the Silicon Valley dad who has Elon Musk’s ear. His gushing tweets prove it

SAN JOSE, Calif. — There was the tweet last month from @EvasTeslaSPlaid that praised him for being “fit, ripped & healthy” and asked, “Hey, @elonmusk what’s your secret?”

Tribune News Service

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The Independent UK

Mystery surrounds discovery of car buried in backyard of $15m Silicon Valley home

Cadaver dogs were called in and “made a slight notification of possible human remains,” but none had been found more than 12 hours after the car was found

The Guardian - US

Antony Blinken’s Silicon Valley visit underscores US cybersecurity concerns

Secretary of state met tech executives to discuss national security even as US public is increasingly skeptical of industry

The Independent UK

Prosecution witness stands by testimony in Holmes trial

A federal judge will question a key witness in the high-profile trial of disgraced Theranos CEO Elizabeth Holmes about why he showed up at her Silicon Valley home in August and expressed regrets about testimony that helped convict Holmes of duping investors in her blood-testing company

The Guardian - UK

Baby genius! Tech trillionaire! Space-conquering supergod! It’s The Elon Musk Show!

Elon Musk’s mum says her boy is a genius – but does a new tell-all documentary agree? From his harsh divorce tactics to how he’s about to revolutionise your brain, here’s why tech billionaires are taking over TV

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Los Angeles Times

Everything we don't know about Elon Musk's latest about-face on Twitter

Elon Musk wants to buy Twitter for $54.20 a share: A headline from April, yes, but also breaking news, with the on-again, off-again Silicon Valley saga looping back around on itself to end up, on the eve of a courtroom showdown, exactly where it started.

Daily Mirror

Harry and Meghan appoint former Silicon Valley big wig as new PR chief after 'ditching' previous firm

Christine Weil Schirmer, who has previously worked for Apple and Pinterest, is already head of communications at the Sussexes' charity Archewell but will now also oversee the couple's publicity

Tribune News Service

Ten things Elon Musk's texts reveal about the Twitter deal

A new trove of text messages between Elon Musk and Twitter Inc. executives, close friends, potential investors and Silicon Valley bros sheds light on how a $44 billion deal by the world’s richest person to buy the social media company came about — and ended up in court.

The Guardian - UK

The Molly Russell inquest verdict damns Silicon Valley. There can be no more excuses

These companies make decisions that harm children. The government must take action, say the NSPCC’s Sir Peter Wanless and 5 Rights’ Lady Beeban Kidron

WEKU

Texts released ahead of Twitter trial show Elon Musk assembling the deal

Elon Musk's takeover of Twitter went down via private text messages between the Tesla CEO and a small circle of Silicon Valley's rich and powerful, according to court filings released this week.

Benzinga

Investor Behind The Biggest Startups Spills The Exact Moment You Should Start Your Business

Bill Gurley, a well-known Silicon Valley venture capitalist best known for his investments in tech unicorns such as OpenTable and Uber, stated on a podcast that this could be the best time in the past 10 years to start a business from scratch.

Businessweek

Would You Invest $10,000 in a Friend’s Startup? Are You Friends If You Don’t?

In Silicon Valley, angel investing has become a key form of social currency.

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