Tesla denies suspension safety issue, calls gagging order claims ‘preposterous’

After scandal, Sequoia no longer has board seat on Elevate
Sequoia lost its position on Elevate’s board after the lawsuit against partner Michael Goguen.

It’s a day ending in Y, so Twitter changed its product leadership
Twitter’s head of consumer products was tapped for the role last fall but is going back to his former gig, Recode reports.

Fintech firm Vouch falls victim to funding climate: Report
Another fintech start-up has run in to trouble. Online lender Vouch Financial is shutting down, reports said.

Uber in China is ‘cute’: Rival Didi’s president
President of Uber’s ride-hailing rival Didi Chuxing, Jean Liu, told CNBC that there’s no competition for market share.

Nest leader and co-founder leaving after 6 years at helm
Tony Fadell is leaving Nest after leading it for six years, including the last two under the ownership of Google, the NYT reports.

VC: Gawker printed my fake story
Another Silicon Valley investor has ripped in to Gawker Media — alleging the company published a fake story.

CEO aims to replace the little black boxes on planes
Tom Schmutz, CEO of Flyht, tells CNBC’s “Power Lunch” how his company’s technology could replace the traditional black box on planes.

Google founders turn to familiar face to run Nest as Fadell departs
Google is trusting the same person that helped sell one of the Motorola businesses to now run Nest.

Vietnam draft, race relations spark Web debate over Muhammad Ali’s legacy
Hero or villain? Race-conscious firebrand, or post-racial icon? Social media debated the legendary boxer’s legacy.

Why artificial intelligence probably isn’t Amazon’s next coup
It’s shipping, business supplies and groceries that are likely to be Amazon’s next big business, one analyst told CNBC.

Mark Zuckerberg’s LinkedIn, Twitter, and Instagram accounts have been hacked
Facebook founder Mark Zuckerberg has had his Twitter, Instagram and Pinterest accounts briefly hacked at the weekend, according to various reports.

If you’re reading this, it’s not too late to change your LinkedIn password
Mark Zuckerberg’s Twitter and Pinterest accounts got hacked, and the culprit likely got passwords from the LinkedIn password dump revealed last month.

NY Fed first rejected cyberheist transfers, then moved $81 million
The New York arm of the U.S. central bank initially denied the transfer requests because they lacked proper formatting for the SWIFT messaging system.

Dell announces $3.25B junk bond for EMC purchase
Dell announced a $3.25 billion high-yield bond offering on Monday to finance its acquisition of data storage company EMC, the company said.

Ambarella shares pop after Q1 results beat
Shares of Ambarella rose about 8 percent on the heels of better-than-expected quarterly results.

Being pro-Trump in Silicon Valley like ‘being in the closet,’ says VC
Trump supporters were in short supply at the Code Conference, an invitation-only gathering of tech and media elites.

Goldman Sachs loves this stock, but Wall Street hates it
Goldman Sachs is in a battle with the rest of Wall Street over one of this year’s best-performing stocks: Nvidia.

Nest employee fired after sharing content on Facebook now taking Google to court
A former Nest employee filed a complaint against Google, its parent company, for unfair labor practices, Recode reports.

Elon Musk says we could all be living in a video game
Musk says it’s possible our existence is really a simulation run by a highly advanced civilization. Recode reports.

Apple car not the right move for the tech giant, says analyst
Elon Musk may think Apple could be a serious competitor when it introduces a car, but analyst Andrew Uerkwitz is skeptical.

Here’s the battleground for a new high in stocks
This summer, the semiconductor sector could be the battleground for the bulls and bears.

Facebook board seeks curb in Zuckerberg control in event of founder’s departure
The proposed move is designed to make sure a future Facebook chief’s management powers aren’t limited, the board said.

Wal-Mart partnering with Uber, Lyft for grocery delivery program
Wal-Mart’s latest test comes as it seeks to use its network of stores to better compete against Amazon.or.

Subpoena won’t stop Huawei from investing heavily in the US: Exec
Legal probes would not stop Huawei from investing heavily in the U.S., according to one of the top executives at the Chinese smartphone giant.

Uber hopes to overtake China market leader Didi in 2017: Strategy head
Ride-hailing app Uber expects to continue on a “rapid growth” path in China, hoping to surpass market leader Didi Chuxing in 2017.

Line targets $3B IPO in Tokyo and New York
Line is aiming to raise about $3bn in a Tokyo-New York listing, as the Japanese messaging app looks to arm itself against rivals.

Twitter met with Yahoo to discuss merger: Report
The list of companies looking at a possible deal with Yahoo included Twitter, according to a new report from The New York Post.

EBay CEO: ‘The world doesn’t need an almost-as-good Amazon’
EBay isn’t just an auction site anymore, but it’s also not trying to be Amazon, CEO Devin Wenig said.

Twitter CEO Jack Dorsey: What I learned from Disney’s Bob Iger
Jack Dorsey says he’s applying the thinking Bob Iger used to turn around Disney in his own bid to fix Twitter.

Amazon’s big secret: Prime has nearly 70 million members, analyst says
Bernstein did a deep-dive analysis on the size of Amazon’s Prime subscription service.

Cisco CEO Robbins: Connected devices will be growing much faster than you think
The growth of connected devices take place much faster than people thin, Cisco CEO Chuck Robbins says.

Gawker founder says Facebook should be held accountable for content
Gawker founder Nick Denton said that Facebook needs to be held accountable for bullying.

Wall Street is turning up the heat on PayPal and the rest of fintech
An payment network launched by banks processes billions of dollars in cash transfers that once went to fintech companies.

Temasek, GIC buy $1 bln in Alibaba stock in SoftBank sale
Singapore state funds bought $1 billion of shares in Chinese company Alibaba as part of an $8.9 billion sale by Japan’s SoftBank.

Elon Musk: Google won’t compete with Tesla on self-driving cars — Apple will
Tesla CEO Elon Musk, sees one tech giant as a potential competitor — and another as not. It’s probably not what you think.

Why augmented reality might just outshine virtual realty
Virtual reality technology might have hogged the spotlight, but experts claim that augmented reality will also have a key role.

UBS says this cloud storage play may rally by 40%
The sell-off in shares of Pure Storage this year may be overdone, UBS told clients, predicting a 40 percent rally from here.

Goldman Sachs cuts price target on Apple
Investment bank Goldman Sachs cut its price target on Apple Thursday to reflect lower growth expectations for the smartphone industry.

Musk sees multi-planetary future as `exciting and inspiring’
SpaceX CEO Elon Musk expects to travel to space in four or five years.

Musk: We intend to launch people to Mars in 2024, arrival in 2025
The first SpaceX rocket transporting humans to Marks will launch in 2024, said Musk at the Code Conference in Rancho Palos Verdes, Calif.

Musk expects an Apple car by 2020, fears one company’s AI use
The Tesla CEO said he expects Apple to have a car by 2020, and that there’s only one company whose use of AI potentially worries him.

Twitter has shut 125,000 accounts related to terrorism, said CEO
Twitter is shutting terrorist accounts and putting more controls in place to protect user safety.

Twitter CEO fields questions on turnaround plans (again)
Another year, another Twitter CEO in the red chair answering the exact same question: how long do you have to turnaround this company?

Oracle hit with whistleblower lawsuit over cloud accounting
Oracle was sued by a former senior finance manager who claimed she was terminated for complaining about improper accounting.