Facebook hits pause on algorithmic recommendations for political and social issue groups

With just days to go before the U.S. election, Facebook quietly suspended one of its most worrisome features. During Wednesday’s Senate hearing, Senator Ed Markey asked Facebook CEO Mark Zuckerberg about reports that his company has long known its group recommendations push people toward more

Dear Sophie: Would a Trump win abolish the H-1B visa lottery?

Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says

Join Greylock's Asheem Chandna on November 5 at noon PST/3 pm EST/8 pm GMT to discuss the future of enterprise and cybersecurity investing

The world of enterprise software and cybersecurity has taken multiple body blows since COVID-19 demolished the in-person office, flinging employees across the world and forcing companies to adapt to an all-remote productivity model. The shift has required companies to rethink not only collaboration

The scooter battle for New York City is on

New York City, one of the most coveted shared micromobility markets in the industry, has released its request for interest in its electric scooter pilot, officially kicking off what promises to be a competitive battle among companies vying for a chance to operate their businesses in the city. The c

Logistics and truck rental giant Ryder joins the businesses making the jump into venture capital in 2020

While the launch of a $50 million venture capital fund by the shipping, logistics, and truck rental company Ryder System may have seemed like an odd strategic move, it’s actually the culmination of roughly three years of investment activity from the Florida-based company. Ryder’s push t

Nestlé acquires healthy meal startup Freshly for up to $1.5B

Nestlé USA just announced that it has acquired Freshly for $1.5 billion — $950 million plus potential earnouts of up to $550 million based on future growth. Founded in 2015, Freshly is a New York City-based startup that offers healthy meals delivered to your home in weekly orders, which can then

Big tech’s ‘blackbox’ algorithms face regulatory oversight under EU plan

Major Internet platforms will be required to open up their algorithms to regulatory oversight under proposals European lawmakers are set to introduce next month. In a speech today Commission EVP Margrethe Vestager suggested algorithmic accountability will be a key plank of the forthcoming legislati

Facebook is limiting distribution of 'save our children' hashtag over QAnon ties

Facebook today confirmed that it will be limiting the distribution of the hashtag “save our children.” Over the past several months, the phrase — and ones like it — have become associated with QAnon. These terms have served to provide a kind of innocuous cover for the popular online conspir

New GV partner Terri Burns has a simple investment thesis: Gen Z

In 2015, then-Twitter product manager Terri Burns penned a piece about staying optimistic despite the sexism and racism that exists expansively within tech. “America has broke my heart countless times, but I believe that technology can be a tool to mend some of the woes of the world and produce t

Teachers are leaving schools. Will they come to startups next?

It wasn't the lingering exhaustion that made Christine Huang, a New York public school teacher, leave the profession. Or the low pay. Or the fact that she rarely had time to spend with her kids after the school day due to workload demands. Instead, Huang left teaching after seven years because

E.ventures opens new office in Paris

VC firm e.ventures is expanding its footprint in Europe with a new office in Paris, as well as a new Paris-based partner. Jonathan Userovici, who previously worked for Idinvest Partners, is joining e.ventures as partner and head of the Paris office. Originally founded in the U.S. 20 years ago, e.ve

Daimler invests in lidar company Luminar in push to bring autonomous trucks to highways

Daimler’s trucks division has invested in lidar developer Luminar as part of a broader partnership to produce autonomous trucks capable of navigating highways without a human driver behind the wheel. The deal, which comes just days after Daimler and Waymo announced plans to work together to b

Uber Eats faces discrimination allegations over free delivery from Black-owned restaurants

Uber says it has received more than 8,500 demands for arbitration as a result of it ditching delivery fees for some Black-owned restaurants via Uber Eats. Uber Eats made this change in June, following racial justice protests around the police killing of George Floyd, an unarmed Black man. Uber Eats

Teampay adds $5M to its Series A at higher valuation after growing ARR 320% growth since the round

What do you call the grey area between a Series A and a Series B? In 2020, when the money is taken on opportunistically, you call it a Series A-1 extension, according to Teampay. Even if the new capital was raised at a new, higher valuation. At least that’s what Teampay CEO Andrew Hoag has do