A new vibe emerged in San Francisco on this year’s SOCAP (Social Capital Markets Conference) conference – a premier gathering on impact investment and social entrepreneurship. The conference is historically focused on Cleanteach – getting money into hard to reach areas – providing basic human services like sanitation and clean water to those who need it most.
A US Court has rejected $12.25-million legal case between Lyft and its drivers. Lyft and attorney of drivers need to sit back again on further discussions after the latest judgment.
The on-demand shippping company startup Shyp was selected as eBay partner. Shyp will handle packing and shipping for eBay sellers.
As the birthplace of venture capital in 1960's, a report from Martin Prosperity Institute showed that San Francisco is still leading venture capital investment in the United States. While New York and East Coast region followed behind.
Google has planned to introduce WiFi network service in San Francisco during 2007 in collaboration with Earthlink. The initiative ultimately has gone into vein. Finally another Alphabet subsidiary, Google Fiber has announced introducing high speed gigabit internet service to some select places of San Francisco.
Abingworth, the life-sciences international investment firm, announced last Thursday that they have raised a new $105 million Abingworth Clinical Co-Development Fund (ACCF) - the result of an investment made by the European Investment Fund and others. The fund is designed to support late-stage clinical therapies through co-development companies.
Uber has changed its driver recruitment policy and advised the previously rejected applicant seeking for drivers’ job to take the benefit of proposition 47. This law allows nonviolent criminal offenders to downgrade their offence level to misdemeanor through submitting applications. Uber’s effort is believed to benefit the released inmates who aim to rebuild their lives.
Airbnb shelled out more than $8 million to stop an initiative in San Francisco that would limit short-term rentals. Reuters reported that the ballot, called proposition F, could threaten the growth of this giant international tech company.
Berkeley's wage is set to rise to $19 by the year 2020, however, business owners oppose the proposal saying it will put their business at risk a that will eventually lead to closure. While activists and unions struggle for a $15 wage hike, Berkeley ha a proposal of $19 per hour by the year 2020. This would offer workers more of a living wage.
Apparel retailer Gap Inc (GPS.N) said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand.
Emmeryville, a small city in the San Francisco Bay Area, has given initial approval to the nation's highest minimum wage by setting baseline pay at $16 an hour in 2019, with gradual increases leading up to that level.
U.S. online ride-hailing service Uber has been banned from operating in the Indian capital after a female passenger accused one of its drivers of rape, a case that has reignited a debate about the safety of women in the South Asian nation.
News apps are helping users share information about sights and hidden gems in cities and countries around the globe so other people can benefit from their knowledge.
FutureAdvisor, a San Francisco-based investment advisory service geared toward investors with between $100,000 and $1 million to invest, said it raised $15.5 million in funding to build its business.
Shakr Media hooks $2.3 million in a Series A round to expand tech platform. Their sole investor is POSCO Venture Capital, who assisted with receiving funds from the South Korean government.