Sources tell TechCrunch that employees at those companies received no information about the tender offer, but heard about their exclusion through the grapevine.
None of the former employees TechCrunch spoke to were surprised to hear one name on the list: Deel.
“Rippling put together a tender offer for the benefit of its employees, ex-employees, and early investors.
To be sure, as a private company, Rippling certainly has the freedom to place restrictions on participation in its stock sales.
In addition to the price of the stock, employees may face huge tax bills on options they exercise from the paper gains of the value of the stock.
What better way to spend your time than applying to this year’s Startup Battlefield 200 at TechCrunch Disrupt.
Accepting both applications and referralsWe’re accepting both quality applications and referrals for Startup Battlefield 200.
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Two senior police officials are accused of sharing citizens’ personal information from a classified government database with criminalsTwo senior officials working for anti-terror police in Bangladesh allegedly collected and sold classified and personal information of citizens to criminals on Telegram, TechCrunch has learned.
According to the letter, the police agents were caught after investigators analyzed logs of the NTMC’s systems and how often the two accessed it.
Last year, a security researcher found that the NTMC was leaking people’s personal information on an unsecured server.
Another Bangladeshi government agency, the Office of the Registrar General, Birth & Death Registration, also leaked citizens’ sensitive data last year, as TechCrunch reported at the time.
Although the incident is under investigation, a well-placed source within the government told TechCrunch that there are still officials who are offering to sell citizens’ data.
And it started an all-Tesla, all-employee ride-hail service, in part so its charging infrastructure would see guaranteed utilization.
The move comes after Revel successfully piloted the model in late February with 100 Revel drivers and has since brought on 100 more.
The question of flexibility has been at the heart of the debate over whether ride-hail drivers should be classified as gig workers or employees.
That said, Rubinson says Revel’s ride-hail portion of the business recently hit gross margin positivity and was tracking to be EBITDA positive by the end of the year.
In 2022, Frank Reig, Revel’s CEO, told TechCrunch that over 90% of its charging hub utilization came from Revel’s own ride-hail fleet.
“I couldn’t get a credit card because my parents couldn’t co-sign,” Kobe recalls, “and I didn’t want to put down a large security deposit.
Scott points out that New York-based Fizz set out to offer college students a different entry ramp into building credit.
And if you ask any of them, they’ll tell you that they’re credit card averse, but they’re not necessarily credit averse,” he told TechCrunch.
”Fizz is one of several fintechs aiming to serve the expansive Gen Z market.
For instance, Frich, a financial education and social community for Gen Z, just raised $2.8 million in seed funding.
Ms. Rachel isn’t a household name, but if you spend a lot of time with toddlers, she might as well be a rockstar.
Ms. Rachel – a music teacher named Rachel Accurso – decided to use her platform for good.
And for a full-time content creator and graduate student in early childhood education, that’s not much time to record 500 personalized videos.
However, Cameo was aware of Ms. Rachel’s highly popular fundraiser, since Cameo posted about it on X.
Given that Ms Rachel intended to fulfill her Cameo requests, it’s unclear why Cameo didn’t grant her additional time to do so in the first place, rather than refunding buyers.
TechCrunch Disrupt 2024 in San Francisco is the must-attend event for startup founders aiming to make their mark in the tech world.
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Validating consumer demand is a crucial step for any startup, and TechCrunch Early Stage is offering a golden opportunity to learn how to do it right.
In this workshop, Gladstone will guide founders on how to leverage their expertise to understand and solve consumer problems effectively.
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For founders eager to validate their ideas and drive meaningful consumer engagement, this workshop is a must-attend event at TechCrunch Early Stage.
Hackers are threatening to publish a huge stolen sanctions and financial crimes watchlist The stolen World-Check database contains 5.3 million recordsA financially motivated hacking group says it has stolen a confidential database containing millions of records that companies use for screening potential customers for links to sanctions and financial crime.
The hackers, which call themselves GhostR, said they stole 5.3 million records from the World-Check screening database in March and are threatening to publish the data online.
A portion of the stolen data, which the hackers shared with TechCrunch, includes individuals who were sanctioned as recently as this year.
The incident involves a third party’s data set, which includes a copy of the World-Check data file.
Banking giant HSBC shut down bank accounts belonging to several prominent British Muslims after the World-Check database branded them with “terrorism” tags.
NASA’s decision to scrap its $11 billion, 15-year mission to Mars to bring back samples could create a startup feeding frenzy, TechCrunch reports.
Describing its plans as too slow, and too expensive, NASA is going back to the drawing board, with an eye on getting the space industry to help.
But space startups are not worried about it.
So, the NASA money might have a bunch of startup-sized buckets to drip into, and I am here for it.
To that end, if any startup that works with NASA on the Mars rock mission needs a human to send up there to check on the dials and such, I’m your guy.
