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The EU might crack down on crypto mining this winter
(Protocol) You thought crypto winter was bad? Try the real, potentially harsh winter about to hit Europe. Officials believe shutting down a key segment of the crypto industry could be one solution to the energy crisis. A crypto mining crackdown could conserve precious gas supplies. The European Commission suggested that EU members should take that…
Read MoreVista’s Robert Smith says investing in DEI businesses vitally important in a bear market
(CNBC) Robert F. Smith, chairman and CEO at Vista Equity Partners, said investing in businesses and managers that emphasize diversity, equity and inclusion remains vital, especially in a bear market. The billionaire investor, who spoke with CNBC’s Frank Holland at the Disruptor 50 Summit, said that venture capital and private equity funding should continue to…
Read MoreShareholder group wants Tesla to link Musk’s pay to ESG metrics
(Reuters) Retail activist shareholder platform Tulipshare called on Tesla Inc (TSLA.O) to tie its executive pay to environmental, social and governance (ESG) factors and said it expects to file a shareholder resolution on the matter for the electric carmaker’s annual meeting next year. Antoine Argouges, chief executive of Britain-based Tulipshare, said a decision by S&P Dow Jones…
Read More‘Green hushing’ on the rise as companies keep climate plans from scrutiny
(Financial Times) A trend known as “green hushing” is growing as companies are increasingly choosing not to publicise details of their climate targets in an attempt to avoid scrutiny and allegations of greenwashing, a new study showed. A quarter of the 1,200 companies in 12 countries surveyed said they would not publicise their science-based net…
Read MoreKanye West to acquire ‘uncancelable’ social media platform Parler
(TechCrunch) Kanye West, the rapper who also goes by the name Ye, has reached an agreement to buy “uncancelable free speech platform” Parler, the two said in a statement Monday, in a move they said will help individuals express their conservative opinions freely. As part of the deal, financial terms of which were not disclosed,…
Read MoreAmerica’s green revolution comes to coal country
(Financial Times) On an exposed ridge deep in Appalachia, 23 shining new wind turbines loom over a wooded valley — the newest additions to the energy mix in America’s traditional coal heartlands. The Black Rock wind farm, nestled in the remote mountains of outer West Virginia, is exactly the sort of project President Joe Biden…
Read MoreThe highs and lows of Q3 venture capital data for women startup founders
(TechCrunch) Perhaps unsurprisingly, new PitchBook data found that U.S. companies with all female founders are raising less capital this year than the last amid current economic woes. Last year, women raised around 2.4% of all venture capital allocated, a figure that stands at 1.9% through Q3 of this year. That number becomes even lower and…
Read MoreApple Store in Oklahoma City Becomes Second to Unionize
(The New York Times) The result, announced by the National Labor Relations Board on Friday night, suggests that an initial victory by a union at a store in Towson, Md., in June was not an isolated development in an organizing campaign that dates back to last year. According to the labor board, 56 employees voted…
Read More‘Consumers Get Screwed’: Airbnb’s and Uber’s Background-Check Company Keeps Getting Sued
(Vice) Inflection, the company used by Airbnb, Turo, and DraftKings to check millions of users’ backgrounds, bills itself as a “fair and reliable way” to screen people in a matter of seconds. But on numerous occasions, the people getting screened have sued the little-known company in response, alleging that it’s created mistaken identities, misleading reports,…
Read MoreBiden Proposal to Make Gig Workers Employees Sinks Uber and Lyft Stock
(Vice) On Tuesday, the Biden administration released a proposal that could force so-called gig economy companies like Uber, Lyft, and DoorDash to classify their workers as employees. With the announcement, Uber’s stock was down as much as 17 percent, Lyft’s fell by 16 percent, and DoorDash’s had slipped 12 percent. For well over a decade,…
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