🧑⚖️ David v. Goliath: Social media startup Fizz is suing Instacart and Partiful for trademark infringement. Apparently, Instacart launched a new drinks and snack delivery app for parties, also called Fizz, and Partiful integrated the app directly into its platform. Read More
👋 Moving on: Autonomous vehicle veteran and Aurora co-founder Sterling Anderson resigned from his post at the startup just a week after helping launch a commercial driverless truck service. He's moving on to a senior leadership role at "an iconic global company." Read More
🧐 The irony: Sankaet Pathak's last startup, Synapse, filed for bankruptcy last year and still hasn't accounted for tens of millions in customer dollars. That's not stopping the fintech's former CEO from moving to raise $100 million for a humanoid robotics startup at a $1 billion valuation. Read More
🥊 VC drama: Silicon Valley veteran and Elon Musk backer Josh Raffaelli is suing his former employer, trillion-dollar AUM Brookfield Asset Management. He alleges, among other things, that Brookfield didn't buy as much stock in Musk-owned companies as he had secured the ability to buy. Read More
🔐 Even giants fall: In April, South Korea's telco giant SK Telecom was hit by a cyberattack that led to the theft of 23 million customers' data. That's almost half of the country. About 250,000 users have already switched to a new provider, and the company expects to lose 2.5 million, and $5 billion, more over the next three years if it waives cancellation fees. Read More
