Author Archive

19
Jun
2016

DAO ether trading platform DOA after cyber-heist

This one is a heartbreaker, nobody likes to see malevolent actors succeeding in killing an entire company but that’s what’s happened with the ether crypto-currency trading platform DOA. Thieves have reportedly stolen $50 million in an “ongoing cyber-heist” from the platform, forcing it to shut down.

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16
Jun
2016

Peak Hosting drops basket with big golden egg, files for bankruptcy

Oregon data center Peak Hosting has retreated from a “massive growth trajectory” and has laid off three quarters of its workforce (peaked at 200 f/t employees, now down to 50) and filed for bankruptcy after losing it’s biggest customer: mobile gaming company Machine Zone. The lost client was worth a reported $4 million/month in lost revenues.  

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15
Jun
2016

A Radically Beneficial World by Charles Hugh Smith

Our first audiobook is Charles Hugh Smith's A Radically Beneficial World: Automation, Technology and Creating Jobs for All

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13
Jun
2016

Walgreens dumps Theranos

The major distribution channel for Theranos, Walgreens has ended the speculation that they may drop the disgraced biomed start-up by… dropping them. Not much left for this former unicorn. Forbes recently marked-to-market founder and CEO Elizabeth Holmes net worth from $4.5 billion …to zero.

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13
Jun
2016

Dinner Lab files for bankruptcy

Pop-up dining start-up (I know I’m a square but, wtf is “pop up dining?”) Dinner Lab has burned through $10.2 million and filed for bankruptcy. Along the way they acquired competitor “Dishcrawl”, who I guess goes down with them now. Assets will be liquidated and creditors paid out. Members will probably be stiffed for their membership fees.  

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