Yesterday, Bloomberg released a report detailing multiple sexual harassment claims made against venture capitalist Shervin Pishevar. Pishevar was an early investor in Uber, and was accused of making unwanted advances towards work associates.
Sarah Lacy, CEO and editor of Pando Daily, joins Cheddar to break down the Bloomberg report and the news. Lacy says she wasn't surprised by the allegations because of her own personal experiences with Pishevar. She also noted that the venture capitalist was known in the industry for morally questionable behavior.
Lacy says she hopes there are repercussions for Pishevar's behavior. She categorized his actions as similar in severity to Hollywood gatekeeper Harvey Weinstein. Lacy feels he should be stripped of his power, and dismissed from his firm. She says Shervin Pishevar is another example of the ongoing issue of bro culture and sexual harassment in Silicon Valley.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
Visa is hoping to hand your credit card to an artificial intelligence “agent” that can find and buy clothes, groceries, airplane tickets and other items on your behalf.
Skift Editor-In-Chief Sarah Kopit discusses how summer travel plans remain uncertain for most as many international travelers are leery to travel abroad. Watch!
