The Week's Best Tech Gossip Has Been On This New Anonymous App

Nitasha Tiku · 05/16/14 02:13PM

Last week I downloaded Tentwenty, a newly launched local message board that displays text and photos from anonymous users according to where they are in real time. Scrolling through my sparse feed at home in Brooklyn, I noticed that initial users weren't from the expected tech set, as well as a puzzling number of posts from Tenafly, New Jersey (not traditionally considered an early adopter mecca).

$10 Billion Is the New $1 Billion

Nitasha Tiku · 05/16/14 11:00AM

Remember The Unicorn Club of startups that secured an esteemed $1 billion valuation? Might as well be The Garbage Club now, full of trifling companies with worth the kind of coin one chucks out the window from the backseat of an Uber. Why, in the past 24 hours alone, Pinterest and Uber reportedly increased their valuations by a collective $8.7 billion.

The Twisted History Behind the CEO Charged with a Felony Hit-and-Run

Nitasha Tiku · 05/15/14 11:05AM

Yesterday, Nextdoor CEO Nirav Tolia was charged with a felony for allegedly leaving the scene of a hit-and-run that left a female driver injured. Speeding away in a BMW X5 reflects poorly on a startup like Nextdoor, which raised $100 million to build a social network for good neighbors. But for Tolia, this sudden scrutiny could also undo years of rehab on his tarnished personal brand.

Sam Biddle · 05/15/14 09:39AM

We're hearing more terrible things to come from online throw pillow emporium Fab.com: a source close to the company says "Fab is going to reduce its NY office down to 20 to 25 people" (down from a few hundred) and is "selling their warehouse in NJ." That would be a complete meltdown.

Startup CEO Charged in Felony Hit-and-Run Accident

Sam Biddle · 05/14/14 04:25PM

Earlier today, CNN included Nextdoor in an article about "Hyperlocal apps [that] help residents fight crime." Later today, NBC Bay Area reports the CEO of one of those apps is now facing serious allegations of criminal negligence, accused of fleeing the scene of a highway accident he caused.

Why Does TechCrunch Let Its Reporters Work for Startups?

Sam Biddle · 05/14/14 11:47AM

Expecting ethical behavior from TechCrunch is like expecting your adopted chimpanzee to not eat your face—unfair to you, unfair to the chimp. Yet, impressively, even after years of sleaze, the Silicon Valley blog of record is still finding new ways to create conflicts of interest.

Attorney General Will Reissue Rejected Subpoena for Airbnb Hosts

Nitasha Tiku · 05/13/14 03:54PM

Airbnb is not in the clear yet. In court papers filed today, New York State Supreme Court ruled in favor of the $10 billion rental company and quashed a subpoena for data about illegal Airbnb hosts. However, Attorney General Eric Schneiderman plans to reissue the subpoena this week, narrowing it down to the judge's specifications.

Nitasha Tiku · 05/13/14 03:30PM