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Securities and Exchange Commission

SEC approves first bitcoin investment funds after false start

by Sipho Sepamla
SEC approves first bitcoin investment funds after false start

The Securities and Exchange Commission (SEC) approved nearly a dozen exchange-traded funds (ETFs) holding bitcoin on Wednesday, the first time the agency has permitted the trading of funds directly invested …

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SF gaming giant lays off 1,800 workers, a fourth of staff

by Mark McDuffie
SF gaming giant lays off 1,800 workers, a fourth of staff

FILE: A worker installs the logo at Unity Software’s booth one day before the China Digital Entertainment Expo & Conference at Shanghai New International Expo Center on Aug. 1, 2019. …

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Unprofitable biotech co. Invitae lays off 238 San Francisco workers

by Mark McDuffie
Unprofitable biotech co. Invitae lays off 238 San Francisco workers

Invitae’s San Francisco headquarters in Potrero Hill. Google Street View/Screenshot Invitae, a genetic testing company based in Potrero Hill, is laying off 238 San Francisco workers. The unprofitable company announced …

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Judge threatens to force Musk testimony in SEC probe: Report

by Sipho Sepamla
Judge threatens to force Musk testimony in SEC probe: Report

A federal judge warned Elon Musk that he will be forced to testify in a Securities and Exchange Commission (SEC) investigation if he does not voluntarily agree to answer questions …

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More cuts at Spotify, SF’s Twilio

by Mark McDuffie
More cuts at Spotify, SF’s Twilio

FILE: A passenger waiting to board his plane walks in front of a sign advertising Twilio at San Francisco International Airport in San Francisco on Sept. 17, 2018.  Robert Alexander/Getty …

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Almost 100,000 Google employees are about to get a hard-fought $20

by Mark McDuffie
Almost 100,000 Google employees are about to get a hard-fought

FILE: Google campus in Mountain View, Calif., in 2023. The company has agreed to a settlement that will pay out to tens of thousands of workers, but much of the …

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‘Walk on water’ or return to the office, Bay Area tech CEO says

by Mark McDuffie
‘Walk on water’ or return to the office, Bay Area tech CEO says

FILE: A sign is posted in front of a Broadcom office on June 03, 2021 in San Jose, California.  Justin Sullivan/Getty Images San Jose-based Broadcom has closed its $69 billion acquisition …

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Bay Area tech is forcing workers into offices. She’s fighting back.

by Mark McDuffie
Bay Area tech is forcing workers into offices. She’s fighting back.

Annie Dean is the head of tech giant Atlassian’s “Team Anywhere,” and has become an outspoken critic of return-to-office mandates like the one at her former company, Meta. Lydia Hudgens …

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SF tech investment firm fires co-founder for anti-Palestinian posts

by Mark McDuffie
SF tech investment firm fires co-founder for anti-Palestinian posts

FILE: An aerial view of Market St., in San Francisco, where Oyster Ventures is based. Bob Rowan/Getty Images A San Francisco tech investment firm is firing one of its co-founders …

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Unprofitable SF-based social media company lays off a fourth of staff

by Mark McDuffie
Unprofitable SF-based social media company lays off a fourth of staff

Nextdoor Headquarters in San Francisco on June 16, 2022. HaeB via Wikicommons The firm announced the job cut — which a company spokesperson told the Associated Press would hit almost …

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