Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta

During Meta’s earnings call on Wednesday, the company revealed its board had approved a new class of non-voting stock, called Class C common stock. The shares give the holder an ownership stake but no vote on company decisions. This class takes effect in January. Meta says it will use the stock for capital raising, employee…

Read Full News

Warhound raises $200M to engineer war dogs and arm them with Anduril gear

Colossal Biosciences’ Ben Lamm and Andruil’s Palmer Luckey had an idea to genetically engineer war dogs for the U.S. military, law enforcement, and other emergency response teams. That idea, on Thursday, announced its emergence from stealth as Warhound, armed with $200 million in funding from investors including In-Q-Tel, Sequoia, and 8VC. The round values the…

Read Full News

Chinese hackers spied on thousands of companies after breaching IT giant ConnectWise

The bad week for cybersecurity just got worse for thousands more companies, who were spied on by Chinese hackers following the breach of IT management and remote access giant ConnectWise. Security researchers at Microsoft say the China state-aligned hackers broke into ConnectWise’s cloud backup service and stole application credentials that are used to establish data…

Read Full News