News about Silicon Valley business almost everyday.
Doordash, the nation’s leading food delivery service, says its three co-founders will sell a combined 6.6 million shares of stock by this spring. At current share prices, the trio could reap over $369 million after the sales. CEO Tony Xu, Chief Technical Officer Andy Fang, and Chief Product Officer Stanley Tang — all Stanford grads […]
SAN FRANCISCO — PayEm, a platform for spend and procurement management, has landed $220 million in equity and credit financing from Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others to fuel its growth. “This is a significant milestone in the company’s growth. Our new warehouse credit facility allows us to scale our credit cards operation and support […]
SAN JOSE — Silicon Valley’s home airport is getting a slight new name change. Instead of Mineta San Jose International Airport, the airport will now be known as San José Mineta International Airport (SJC). The airport was named for the late congressman and Secretary of Transportation Norman Mineta in 2001. He passed away last year. […]
The founder and majority owner of a cryptocurrency exchange, Bitzlato Ltd. (Bitzlato), was arrested earlier this week in Miami for his alleged operation of a money transmitting business that transported and transmitted illicit funds and that failed to meet U.S. regulatory safeguards, including anti-money laundering requirements. Anatoly Legkodymov, 40, a Russian national who resides in […]
The nation’s leading coffee chain — Starbucks — is expanding its partnership with DoorDash with new delivery service launching today in Northern California, Texas, Georgia, Florida and other select markets. Starbucks delivery via DoorDash will expand to additional markets over the coming months, with full nationwide availability anticipated in all 50 states by March 2023. […]
AMSTERDAM & SANTA CLARA — Archer Aviation Inc. has announced an agreement with Stellantis to significantly expand their partnership by joining forces to manufacture Archer’s flagship electric vertical take-off and landing (eVTOL) aircraft, Midnight. Stellantis, based in the Netherlands, is one of the world’s leading auto companies and the parent of Chrysler, Dodge, Jeep Peugeot, […]
Mendocino Farms, the fast-casual restaurant chain known for fresh sandwiches, salads and more, is bringing its fresh, fearless flavors to Santa Clara’s northern tech corridor at Mission Park Marketplace (2040 Wyatt Drive, Suite 110) opening on Tuesday, Jan. 17 at 11 a.m. The grand-opening festivities kick-off with a free entrée offer — when guests create a My Mendo account […]
Starbucks launched its winter menu last week, featuring the return of the fan-favorite Pistachio Latte and the new Pistachio Cream Cold Brew. The Red Velvet Loaf returns to the bakery case to round out Starbucks winter menu. The new handcrafted Starbucks Pistachio Cream Cold Brew features Starbucks Cold Brew sweetened with vanilla syrup, and is topped […]
For the fourth time in a little more than four years, the Mega Millions jackpot has topped $1 billion! After no ticket matched all six numbers drawn Friday night – the white balls 3, 20, 46, 59 and 63, plus the gold Mega Ball 13 – the jackpot for the next drawing on Tuesday, January […]
Mountain View detectives are seeking additional victims after a Palo Alto-based tech CEO was found peeping inside a woman’s restroom stall on Monday morning. Around 11:40 am on Jan. 2, Mountain View dispatchers received a call from a woman after an incident inside the woman’s restroom at the Panera on El Monte Avenue. While in […]
Delta Airlines plans to offer fast, free Wi-Fi in partnership with T-Mobile to all customers on board most domestic mainline flights beginning Feb. 1. The announcement was made at CES in Las Vegas. The airline will offer the service on more than 700 Viasat-equipped aircraft by the end of 2023. Delta also announced plans to […]
Mercedes-Benz announced at CES in Las Vegas that it is taking the next step in digitizing its production process, using the NVIDIA Omniverse platform to design and plan manufacturing and assembly facilities. By tapping into NVIDIA AI and metaverse technologies, the automaker can create feedback loops to reduce waste, decrease energy consumption and continuously enhance quality. Mercedes-Benz has […]