6 Most Important Things in Business Today

By Douglas A. McIntyre Updated Mar 13, 3:57PM EDT · Published Aug 11, 5:07AM EDT

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Uber’s largest investor, Benchmark Capital, filed suit to push former CEO Travis Kalanick off the company’s board. The VC said it had been misled about trouble at the company when Kalanick asked to add three board seats he controlled.

Shares of social network company Snap Inc. (NYSE: SNAP) were pounded down 15% after it announced mediocre earnings that did not meet Wall Street expectations. The firm’s stock has nosedived since its recent IPO on concerns about competition, particularly from Facebook.

Google’s CEO canceled a planned meeting about gender equality and diversity when the agenda of the meeting was leaked along with names of some company employees. The trigger of the meeting was an employee memo about how the company treated women.

Time Warner Inc.’s (NYSE: TWX) HBO raised $250,000 in bitcoin to pay a ransom to hackers who stool scripts to its hit “Game of Thrones.” According to CNBC:

The hacker who stole TV show scripts from HBO has leaked an email showing a company executive offering $250,000 as a “bounty payment” to the cyber-thief, according to two news outlets.

Last week, details of a data breach at HBO came to light. Scripts from shows such as “Game of Thrones” were leaked online ahead of Sunday’s episode. A hacker or group called “Mr Smith” claimed responsibility and said they had around 1.5 terabytes of data from HBO.

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An early employee of Uber who is also one of its largest shareholders quit his position with the company. Ryan Graves was also the company’s CEO for a short period. He wrote:

My hope is that ensuring my transition is known and planned for well before our board’s decision on CEO it will help to make it clear to our team and to our new leader that I will be there to support however I can.

He will remain a board member.

ISIS used eBay Inc. (NASDAQ EBAY) and PayPal to send money to an alleged operative in the United States, according to an exclusive report in The Wall Street Journal.
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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.