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Fintech Robinhood headed toward IPO, on hunt for a CFO
Menlo Park-based fintech Robinhood is prepping to go public, Techcrunch reports. “It’s something we think is very much in the future,” CEO Baiju Bhatt said at TechCrunch Disrupt onstage. “Being a public company closely aligns with our mission — not in the immediate term, but it’s something we’re thinking about.” Founded in 2013, the mobile app stock-trading platform is valued at $5.6 billion, after a $363 million series D funding round in May. Led by Russian investor Yuri Milner’s DST Group,…
Report: Knight gives Buehler $1M
Phil Knight appears to have given Oregon Republican gubernatorial candidate Knute Buehler another substantial gift. Willamette Week reported Thursday night that Knight, the founder of Nike Inc. (NYSE: NKE), gave Buehler $1 million. Buehler’s campaign didn’t confirm the donation, which hadn’t appeared in his state campaign database as of 7:40 a.m. Friday. It would be the largest individual gift accorded to an Oregon candidate, WW pointed out. Knight gave Buehler $500,000 last August. The Business…
Workers’ union has reached a tentative deal to end construction strike
The International Union of Operating Engineers Local 302 posted a notice on its website late Thursday that said a tentative labor agreement with the Associated General Contractors of Washington has been reached.
Five Things to know for Friday: Nothing but positive thoughts for the Thorns
If you don’t like games with orbs and sticks, feel free to skip today’s Five Things. Or, at least, the last Three Things. The weekend’s just about here, and we’ll be parked in front of the TV watching games, as well as, in remembrance, a movie or two. See you next week. The players The city of Portland had 13 employees making more than $200,000 in its last fiscal year. You can find out a bit more about them here. Starting over From Matthew Kish this morning comes a look at Portland’s newest…
Tesla shares plunge following pair of executive departures, Musk’s podcast interview
Shares of Palo Alto-based automaker Tesla Inc. plunged more than 10 percent in the moments after the opening bell today, after a pair of senior executives said they were quitting the company — one, after just a month on the job. “Since I joined Tesla on August 6th, the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations,” Chief Accounting Officer Dave Morton wrote in his resignation, which was published before the market opened…
Silicon Valley businesses can improve Latino grades
We all know about report cards. They’re regular reminders of how we’re doing, in school, in life, in business. The 2018 Silicon Valley Latino Report Card is such a reminder, and it has some good news, and some bad news, not only for Latinos but for our entire community as it updates our original 2011 Latino Report Card. The short message is: Not all are thriving in Silicon Valley. Underneath the surface of successful tech companies, the region has transformed to one with skyrocketing housing…

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