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Mary Meeker, ‘Queen of the Internet,’ Is Leaving Kleiner Perkins to Start a New Fund

SAN FRANCISCO — The “Queen of the Internet” will soon have her own investment firm.Mary Meeker, a venture capitalist at Kleiner Perkins, plans to depart the firm this year to start a new investment fund. It is a significant loss for Kleiner, which hired Ms. Meeker, a former Wall Street analyst known as the Queen of the Internet for her bullish coverage of internet stocks, in 2010.Ms. Meeker is leaving Kleiner as the storied venture firm has been shrinking. It plans to spin off its practice of investing in more mature and larger private companies, known as late-stage investing, into a separate entity. Three other investors at…

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Imran Khan, Snap’s No. 2 Executive, Is to Depart

Imran Khan, Snap’s chief strategy officer and one of the few executives remaining at the struggling company since its 2017 public offering, is stepping down.On Monday, the company said in a regulatory filing that Mr. Khan would remain at the company until his replacement was hired. Afterward, he is expected to set up a firm that will both help and invest in technology start-ups, according to a person with knowledge of the matter.“There is never a perfect time to say goodbye,” Mr. Khan said in the filing, “but we have a stellar leadership team in place to guide Snap through the next chapter, and I plan to…

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Alibaba’s Chairman, Jack Ma, Plans to Step Down

HONG KONG — The Alibaba Group said on Monday that Jack Ma would resign as chairman, unveiling a leadership succession plan for the Chinese e-commerce giant as it faces a more uncertain environment at home.Mr. Ma, who co-founded Alibaba in his apartment 19 years ago and has led it ever since, will step down as chairman a year from Monday, the company said. He will be succeeded by Daniel Zhang, currently Alibaba’s chief executive.Alibaba said the move was meant to foster long-term growth and reduce its dependence on any one person. At the same time, it took pains to stress that Mr. Ma would remain involved with…

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Alibaba’s Jack Ma, China’s Richest Man, to Retire From Company He Co-Founded

HONG KONG — Alibaba’s co-founder and executive chairman, Jack Ma, said he planned to step down from the Chinese e-commerce giant on Monday to pursue philanthropy in education, a changing of the guard for the $420 billion internet company.A former English teacher, Mr. Ma started Alibaba in 1999 and built it into one of the world’s most consequential e-commerce and digital payments companies, transforming how Chinese people shop and pay for things. That fueled his net worth to more than $40 billion, making him China’s richest man. He is revered by many Chinese, some of whom have put his portrait in their homes to worship in the…

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Tesla Shaken by a Departure and What Elon Musk Was Smoking

For a moment, it looked as if Elon Musk and Tesla had put a summer of turbulence behind them. The moment was very brief.Two weeks after the collapse of a plan to buy out the company’s public shareholders, the electric-car maker has again been plunged into turmoil. Its chief accounting officer suddenly resigned — after a month on the job — and Mr. Musk, its chief executive, appeared on a late-night webcast taking a deep drag on what his interviewer said was a marijuana cigarette.The developments, which brought new scrutiny of Mr. Musk’s behavior and managerial fitness, rattled investors who have lately endured many challenges to their…

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Uber Appoints New Head of Finance as It Marches Toward an I.P.O.

SAN FRANCISCO — After a yearslong search, Uber has finally found a chief financial officer as it advances toward an initial public offering.The ride-hailing company said Tuesday that it had hired Nelson J. Chai, 53, a former executive at Merrill Lynch and CIT Group, to be its new chief financial officer. The appointment fills a prominent void in Uber’s executive suite: The job had been vacant since Brent Callinicos departed in 2015.Picking a chief financial officer is crucial for Uber because the company has said it plans to go public by the end of 2019, in what is likely to be one of the biggest-ever technology I.P.O.s.…

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5 Takeaways From Elon Musk’s Interview With The Times About Tesla

Will There Be a No. 2?“To the best of my knowledge,” Mr. Musk told The Times on Thursday, there was “no active search right now.” People familiar with the matter, however, said that executives were looking for a No. 2 executive, and one person said the hunt had intensified in recent weeks.A couple of years ago, Tesla approached Sheryl Sandberg, currently Facebook’s second most senior executive, about the job, Mr. Musk said.No RegretsAlthough his tweet prompted questions from the Securities and Exchange Commission — such information is usually issued through official channels after extensive preparation — and from his own board, Mr. Musk said he did not…

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Sex Scandal Toppled a Silicon Valley Chief. Investors Say, So What?

SAN FRANCISCO — Last September, the board of the online lending company Social Finance ousted its chief executive, Mike Cagney, after questions about sexual misconduct.The move was prompted by a board investigation that found Mr. Cagney was romantically involved with an employee, even though he had previously told directors that he was not involved in any extramarital workplace relationships, said four people with knowledge of the deliberations. Years earlier, Mr. Cagney had also promised the board he would not have affairs with employees after they learned of another relationship, said the people.Yet just months after Mr. Cagney departed SoFi, two venture capitalists who had been on the…

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At Uber, New Questions Arise About Executive Behavior

SAN FRANCISCO — Barney Harford was hired late last year to help fix problems at Uber, the ride-hailing company. Instead, he has created new ones.On a conference call this spring with colleagues, Mr. Harford, the company’s chief operating officer, critiqued a new ad that showed a mixed-race couple, said five people familiar with the conversation. He debated aloud how common the pairing was among the audiences that would see it. He also said he found parts of the ad’s early cut confusing, mixing up two black women in the video because they had similar hairstyles, said the people, who declined to be identified because they have signed…

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In Twitter Purge, Top Accounts Lose Millions of Followers

Many celebrities, politicians and so-called social media influencers found their Twitter followings knocked down a few digits on Thursday as the company slashed tens of millions of suspicious accounts from the totals.For example, the actor Ashton Kutcher, an active member since the company’s early days who led many other celebrities to embrace the platform, saw his follower count drop by more than a million. On Wednesday afternoon, he had 19.1 million. By Thursday evening, that was down to 18 million, a drop of nearly 6 percent.Oprah Winfrey, who sent her inaugural tweet in 2009, had her following cut by about 1.4 million between Wednesday and Thursday evening.…

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