Dennis Crowley will step down as CEO, instead serving as executive chairman. The move comes with a new funding round that drops the company's valuation to about half what it was in 2013.
Prices dropped to a new 12-year low, sinking below $30 a barrel yet again this week. Markets and commodity-linked currencies have also taken a hit with the news.
The board of directors recommends investors vote against a measure to diversify the board and senior management. The proposal has been called "unduly burdensome and not necessary."
SpaceX, Orbital ATK, and Sierra Nevada have all received contracts to supply the International Space Station from 2019 to 2024. It's the first major contract for Sierra Nevada from NASA.
We fancy ourselves outlaws while we shape laws, and consider ourselves disruptive without sufficient consideration for the people and institutions we disrupt.We have to do better, and we will.
Anil Dash, entrepreneur and blogger, on the tech industry