Cooking the books

The Information this morning reported that Headspin, a network performance software provider, restated its revenues — down from $100 million annual recurring revenue to $15 million ARR after an internal audit. It had fired its co-founder and CEO, Manish Lachani. Headspin was also returning $95 million, a hefty chunk of capital it had raised during … Continue reading Cooking the books

If we can’t trust Apple, who can we trust?

I recently wrote about Kickstarter, my once beloved crowdfunding platform, which previously seemed like the future of collaborative creativity. It has now become an engine of disappointment, mostly because it didn’t do enough to maintain trust in its platform. It is a story that has repeated across the technology landscape, where in the pursuit of … Continue reading If we can’t trust Apple, who can we trust?