“Demand has evaporated” for the shares that make up the bulk of Palantir's pay packages, and the company’s CEO seems aware of financial angst among his staff.
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The HR software startup has now settled with eight state regulators that were investigating its insurance licensing scandal.
As his rival Zenefits prepares to launch a revamped version of its HR software, the Gusto CEO says "ideally the first movie is good enough on its own."
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Josh Brener, or Big Head to fans of the HBO show, delivered an anti-pitch for Soylent's latest meal-in-a-bottle. The Soylent CEO, meanwhile, was dreaming of life in a shipping container.
The deal, which will allow Zenefits to continue operating in Tennessee, gives the startup a precedent to use in negotiations with regulators in other states.
Thiel's venture capital firm privately values Palantir — the data analysis company of which he is chairman — at a 40% discount.
The deal will allow the company to avoid lawsuits stemming from its regulatory compliance scandal, it said on Thursday.
Parker Conrad, the Zenefits co-founder who was forced to resign in February, has hired two Zenefits engineers for a new startup, a person with knowledge of the matter said.
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To participate in a company-arranged stock sale, former Palantir employees first had to promise not to poach the company's staff, or to talk to the media without its approval.
"I'm extremely proud of the 90% of you that have chosen to stay with the company," Zenefits chief David Sacks told staff in an email.
Palantir hired a cybersecurity firm last year to test its digital defenses. A confidential report shows how the pro hackers were able to dominate the tech company's network.
Tensions between the HR startup and industry giant ADP boiled over in mid-2015. Now, as Zenefits lays off more staff, ADP sees an opportunity.
The once high-flying startup is remaking itself after a scandal and a period of fast growth. It will lay off 106 employees, in its second major overhaul this year.
The “liquidity event" will offer current and former employees $7.40 a share for their common stock — a price above where some large investors value their own Palantir stakes.
Parker Conrad sold $10 million of stock months before the public learned of compliance failures that led to his resignation. The new CEO says he has changed the company’s values. “Everyone’s shit stinks” is now “Put the customer first.”