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Tesla Names a Successor to Elon Musk as Board Chief

Six weeks after settling a securities-fraud lawsuit with federal regulators, Tesla and Elon Musk have made good on one of the agreement’s key provisions — naming a new board chief to impose order on a company whose automaking has often been overshadowed by Mr. Musk’s behavior.The company said a current director, Robyn Denholm, would become its chairwoman immediately. Mr. Musk stepped down as chairman last month but remains Tesla’s chief executive.Ms. Denholm, 55, is the chief financial officer of Telstra, which dominates telecommunications in Australia. She is a longtime technology executive with experience in Silicon Valley, where Tesla is based, and once worked for Toyota in Australia.The…

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State of the Art: How Mark Zuckerberg Became Too Big to Fail

A few weeks ago, after Facebook revealed that tens of millions of its users’ accounts had been exposed in a security breach, I began asking people in and around the tech industry a simple question: Should Mark Zuckerberg still be running Facebook?I’ll spare you the suspense. Just about everyone thought Mr. Zuckerberg was still the right man for the job, if not the only man for the job. This included people who currently work at Facebook, people who used to work at Facebook, financial analysts, venture capitalists, tech-skeptic activists, ardent critics of the company and its giddiest supporters.The consensus went like this: Even if Mr. Zuckerberg —…

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Snap Continues to Struggle to Gain Users

SAN FRANCISCO — Snap, the maker of the disappearing-message app Snapchat, is continuing to struggle.The social media company said on Thursday that it lost two million daily active users over the past three months after shedding three million over the summer, knocking its total down to 186 million. While that number was up from a year earlier, the consecutive quarterly losses were troubling for a company that has not been dealing with the problems of disinformation and bias that have put other social media firms under scrutiny.Snap also continued to lose money. While the company said its revenue rose 43 percent to a record $298 million in…

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Elon Musk Steps Down as Tesla’s Chairman in Settlement With S.E.C. Over Go-Private Tweet

Elon Musk, under pressure from his lawyers and investors of Tesla, the company he co-founded, reached a deal with the Securities and Exchange Commission on Saturday to resolve securities fraud charges. The settlement will force Mr. Musk to step aside as chairman for three years and pay a $20 million fine.The S.E.C. announced the deal two days after it sued Mr. Musk in federal court for misleading investors over his post on Twitter last month that he had “funding secured” for a buyout of the electric-car company at $420 a share.The deal with the S.E.C. will allow him to remain as chief executive, something he could have…

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When Zuckerberg Asserted Control, Instagram’s Founders Chafed

SAN FRANCISCO — In a companywide meeting earlier this year, Mark Zuckerberg was asked if Instagram could have hit one billion users if it had not been bought by Facebook.Probably not, he said. At least, not as quickly.But at a later meeting a mile or so down the road at Instagram’s headquarters in Menlo Park, Calif., a few streets, interestingly enough, off a thoroughfare called Independence Drive, the popular photo-sharing app’s co-founders, Kevin Systrom and Mike Krieger, had a slightly different answer to that question.Perhaps. Eventually.We will never know who was right. But we will know soon enough what Instagram will be like without its co-founders. On…

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Instagram’s Co-Founders Said to Step Down From Company

SAN FRANCISCO — Kevin Systrom and Mike Krieger, the co-founders of the photo-sharing app Instagram, have resigned and plan to leave the company in coming weeks, according to people with direct knowledge of the matter. The exits add to the challenges facing Instagram’s parent company, Facebook.Mr. Systrom, Instagram’s chief executive, and Mr. Krieger, the chief technical officer, notified Instagram’s leadership team and Facebook on Monday of their decision to leave, said the people, who spoke on condition of anonymity because they were not authorized to discuss the matter publicly.Mr. Systrom and Mr. Krieger did not give a reason for their departure, according to the people, but said…

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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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