Chris Sacca retires from startup investing, Breitbart struggles to define its media role in Trump Era, and Global Eagle CEO says fraud or misconduct not responsible for exec departures and accounting issues.
Prominent seed-stage startup investor Chris Sacca announced in a blog post titled “Hanging up my spurs” on Wednesday that he has retired from venture capital investing, reports the Business Journal. His firm Lowercase Capital will wind down and no longer invest in startups.
Right-wing blog Breitbart has struggled to define its role in the Trump era, reports Poynter. On Tuesday the website was denied its application for credentials to cover Congress because of concerns over the site’s funding, staffing, workspace, and editorial independence.
Global Eagle Chief Executive Jeff Leddy said to investors on a conference call last week that fraud or misconduct was not responsible for executive departures and accounting issues the company has dealt with recently, reports SpaceNews. The company expects it will file its overdue 10-K report by June 30, past the Nasdaq stock exchange’s May 19 deadline, which puts it at risk of being delisted.
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