Ex-Tesla exec Straubel aims to build world’s top battery recycler

By Paul Lienert

(Reuters) – Tesla co-founder J.B. Straubel wants to build his startup Redwood Materials into the world’s top battery recycling company and one of the largest battery materials companies, he said at a technology conference Wednesday.

Straubel aims to leverage two partnerships, one with Panasonic Corp, the Japanese battery manufacturer that is teamed with Tesla at the Nevada gigafactory, and one announced weeks ago with e-commerce giant Amazon.

With production of electric vehicles and batteries about to explode, Straubel says his ultimate goal is to “make a material impact on sustainability, at an industrial scale.”

Established in early 2017, Redwood this year will recycle more than 1 gigawatt-hours’ worth of battery scrap materials from the gigafactory — enough to power more than 100 Tesla cars.

That is a fraction of the half-million vehicles Tesla expects to build this year. At the company’s Battery Day in late September, Chief

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Singapore firm’s Newcastle bid in new turmoil as exec quits

A top executive at a Singapore firm seeking to buy Newcastle United has quit after police launched a probe into his activities, the company said Wednesday, the latest turmoil for the bid.

Bellagraph Nova Group, founded by two Singaporean entrepreneurs and a Chinese business partner, announced in August it was in “advanced talks” to buy the English Premier League team.

But the bid became mired in controversy over allegations that photos had been doctored to show the trio meeting with former US president Barack Obama, and other inconsistent claims.

Police then began investigating a company linked to Singaporean co-founders Terence and Nelson Loh, after an accounting firm lodged a report over unauthorised signatures on the group’s financial statements.

BN Group said in a statement that Terence Loh has now quit the firm to try and resolve the issues related to the police probe into Novena Global Healthcare.

Singapore’s Straits Times

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Controversial former Uber exec Emil Michael has registered plans for a $250 million SPAC

SPACs, or special purpose acquisition companies, are all the rage right now, and people are emerging from all corners to raise them.

Among the latest entrants — and someone who might be of interest to Silicon Valley watchers — is Emil Michael, a former Uber executive and top lieutenant to former CEO Travis Kalanick. Earlier today, Micheal registered plans with the SEC to raise $250 million in an IPO for a blank-check company that will broadly acquire a company in the tech sector.

IPO Edge had reported earlier today that the SPAC might be in the works.

The filing lists as special advisors Alphabet’s former executive chairman Eric Schmidt, and Betsy Atkins, a founder of Ascend Communications and investor who has served on so many boards that last year she wrote a book about it. Indeed, among her other roles currently, she’s on the boards of Volvo, Wynn Resorts, and

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Flowhub hires former Glassdoor exec Stephanie Jenkins as SVP of sales

  • Cannabis tech startup Flowhub hired Stephanie Jenkins as an SVP of sales. She was formerly an executive at Glassdoor.
  • Jenkins told Business Insider that when she was evaluating new opportunities, cannabis tech was the highest risk — but also potentially the highest reward — for her career. 
  • Visit Business Insider’s homepage for more stories.

When Stephanie Jenkins got on a Zoom call in early May, she knew it would be one of the toughest days of her career.

Then an exec at the job-hunting site Glassdoor, Jenkins says she understood the economic recession caused by the pandemic hurt many industries, but perhaps none more than recruiting. As company budgets dry up, hiring is usually the first cost on the chopping block. 

“I had to fire my entire team of about 160 people over a Zoom call that morning,” Jenkins told Business Insider over the phone. Glassdoor laid off around 300

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Facebook Promotes Exec Focused On Growth And Brand Safety As Its New CMO

Facebook has tapped a longtime member of the company’s growth team to be its new chief marketing officer. 

The social network has promoted Alex Schultz as its new CMO. He’ll replace Antonio Lucio, who announced his departure last month to focus on consulting other marketing companies on diversity issues. Schultz, who has been vice president of growth and analytics, joined Facebook in 2007 as an analyst before rising through the ranks to become a manager and director and then a VP in 2014. Prior to joining the company, he was a marketing manager at Ebay. Schultz’s new CMO title, announced today, is effective immediately.

Schultz has also spent the past four years working on Facebook’s brand safety issues through improving its community standards and independent code

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A leading Silicon Valley exec says Big Tech prioritized lower costs over employees’ wellbeing, and it’s created a feudalist system where workers are left to fend for themselves



a man riding on the back of a truck: Sean Gallup/Getty Images


© Sean Gallup/Getty Images
Sean Gallup/Getty Images

  • Maëlle Gavet is a leading Silicon Valley executive, entrepreneur, investor, and most recently, the chief operating officer at real estate platform Compass.
  • The following is an excerpt from her first book, “Trampled by Unicorns: Big Tech’s Empathy Problem and How to Fix It.”
  • In it, she examines how Big Tech’s failure to empathize with customers and workers has led to “digital era’s equivalent of feudalism.”
  • In her in-depth critique of the world’s largest tech corporations — including Amazon, Uber, and Google — she crafts an earnest call to action for industry leaders, board members, employees, and consumers to get tech back on track. 
  • Visit Business Insider’s homepage for more stories.

Right now the jury is still out on whether the tech economy is ultimately a job creator or a job destroyer. As with many of the points in this book, that topic is

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An anonymous Facebook exec says ‘right-wing populism is always more engaging’ and that’s why conservative posts thrive on the platform



a close up of a sign: FILE PHOTO: Facebook logos Reuters


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FILE PHOTO: Facebook logos Reuters

  • An anonymous Facebook executive said conservatives’ success on the platform is due to having content that is “always more engaging,” according to a Politico report.
  • Politico reported that the executive, who identifies as a “center-left progressive” said the right’s focus on “nation, protection, the other, anger, fear” has always been an effective tactic, pointing to the 1930s.
  • The comments come as Facebook has been criticized by the right and left for having a political bias, with social media platforms drawing attention from both President Trump and Joe Biden.
  • Visit Business Insider’s homepage for more stories.

An anonymous Facebook executive told Politico that right-wing pages see more engagement because of their emotional pull, instead of the platform’s algorithm, according to a report published Friday.

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The publication reported that the executive said that “right-wing populism is always more engaging,” because

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Tech Moves: Lighter Capital names new CEO; Amazon exec joins Uber as CTO; and more

Melissa Widner. (Lighter Capital Photo)

— Seattle-based ‘alternative VC’ firm Lighter Capital named Melissa Widner as its new CEO. She takes over from former CEO Thor Culverhouse, who replaced longtime Lighter exec BJ Lackland this past September.

Widner, a board member at Lighter, most recently served as managing partner at the venture capital arm of the National Australia Bank. She was previously a general partner at Seattle-based SeaPoint Ventures and CEO of 7Software, which was acquired by Concur. Widner, based in Sydney, Australia, joined the Lighter board in 2018.

Lighter Capital was co-founded by Andy Sack along with Randall Lucas and Erik Benson of Voyager Capital in 2009. The company helps entrepreneurs raise funding without going the traditional route of venture capital. It has invested more than $200 million in 350-plus startups across the U.S., using an innovative process known as “revenue based financing” (RBF) that lets early-stage startups raise

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Right-wing content has an advantage on Facebook, exec says

Illustration for article titled Right-Wing Content Flourishes on Facebook Because Fearmongering Has Always Worked, Exec Says

Photo: Olivier Doulier (Getty Images)

Even though right-wing elites repeatedly tout claims of conservative bias on Facebook and other online platforms, in reality, the bulk of data shows the opposite to be true. Per a weekend Politico report, as we near the 2020 presidential election, some of the most engaging posts on Facebook come from conservative voices outside the mainstream media, including Ben Shapiro, Dan Bongino, and David Harris, according to the Facebook-owned traffic analysis tool Crowdtangle. Engagement on Facebook is defined as likes, comments, shares, and reactions.

The company has maintained time and time again that its platform is free of political bias. Facebook says that its algorithm doesn’t favor conservatives, but it also doesn’t have to because the right has one primal advantage:

“Right-wing populism is always more engaging,” a Facebook executive told Politico. They added that conservative content caters to “an incredibly strong,

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