Trade and Commerce
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Inside Michael Moritz’s $150 million contest to remake San Francisco
Applications for Boundless San Francisco closed this month, and the Crankstart competition now moves into a peer review that will narrow the field to as many as seven finalists next year.
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Airtable files notice to lay off 190 at its San Francisco headquarters after Bending Spoons takeover
A state filing puts a number on the cuts Airtable’s new Italian owner announced this month, and the buyer’s track record suggests more may follow.
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Electronic Arts cuts about 400 jobs and closes BioWare in first restructuring since its $55 billion buyout
The Redwood City game publisher, owned since August by Saudi Arabia’s Public Investment Fund, Silver Lake and Affinity Partners, is narrowing its focus.
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At 92, Gordon Getty remains a pillar of San Francisco music, as patron and as composer
The oil heir turned composer has spent four decades underwriting the city’s opera, orchestras and choruses, and this year the institutions he funds turned the spotlight back on his own work.
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Instacart explores a sale, and DoorDash is at the table
The San Francisco grocery-delivery company has hired bankers and held early talks with DoorDash after Uber walked away, according to reports, as slowing growth and a friendlier antitrust climate reshape the delivery business.
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Stripe’s Patrick Collison puts $33 million into the fight over Prop. 40
State filings show the Stripe chief executive has given about $33.2 million to the main committee opposing California’s billionaire tax, making him its fourth-largest donor with a week left before Election Day.
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PG&E puts a sale or spinoff of its gas business on the table in its strategic review
Chief Executive Patti Poppe told investors that the company’s four million gas customers pay junk-rated borrowing costs because of wildfire risk on the electric side, and that a regulator-approved separation is one way out. Nothing has…
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Harvey’s founders bet the next phase of legal AI on law firms’ own data
Winston Weinberg and Gabe Pereyra, the San Francisco roommates behind the $15.5 billion legal AI firm, are wiring Harvey into lawyers’ data.
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Jack Dorsey’s Sea Cliff renovation, now in its 14th year, gets a fresh set of city permits
City records show the Block co-founder filed this summer to restart and finish earlier work on his Sea Cliff homes, as building fills the enclave.
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Lam Research posts a record quarter, but supply limits send the Fremont chipmaker’s stock lower
The equipment maker’s sales jumped 54 percent from a year earlier on demand tied to artificial intelligence, but executives said shortages of parts and clean-room space would hold back shipments through the end of the year.