The social media company announced that CEO Ben Silbermann, who co-founded the business 12 years ago and has been in the top spot ever since, is stepping down from the role and becoming executive chairman of the company. The reason has to do with Pinterest's recent shift to focusing on the e-commerce applications of its platform, and it could end up being a long-term net positive for the business and its investors. Why is Ben Silbermann stepping down?
Loopring and Boba Network Shed Nearly $2B in TVL
Tesla has cut almost 200 staff working on its Autopilot technology as Elon Musk seeks to radically reduce the electric car maker’s costs.