Wednesday, June 1, 2016

TechFlash: Gravity Payments trial; Microsoft sells patents to Chinese phone maker

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TechFlash: Seattle's Technology News Source

'A troubling story of ego:' Gravity Payments' CEO Dan Price takes the stand in lawsuit against brother

Price's brother, Gravity Payments minority owner Lucas Price, filed a lawsuit last year alleging Dan Price excessively compensated himself and cut Lucas Price out of key decisions, denying his rights as a shareholder. Tuesday was the first day of the trial, which is expected to last at least 11 days.

Microsoft sells 1,500 patents to China's Xiaomi

The deal involving 1,500 Microsoft patents was depicted as the start of a long-term partnership between Xiaomi and Microsoft (Nasdaq: MSFT).

With Washington Post, Jeff Bezos sees value in media's watchdog role

Amazon CEO Jeff Bezos said he bought The Washington Post because he thought the newspaper should continue its role as watchdog over U.S. leaders. Bezos said he is committed in strengthening the Post and making it a powerful national and global voice.

Dan Price knew about lawsuit before he raised minimum wage to $70k

Dan Price, CEO of Gravity Payments, is being sued by his brother, Lucas Price, for allegedly violating his shareholder rights and paying himself in excess of $1 million. The trial is expected to last 11 days.

Judge rules Move-Trulia merger was 'speculative' as suit against Zillow moves ahead

The King County Superior Court judge presiding over Move's lawsuit against Zillow has limited some of Move's claims but left the door open to a difficult trial for Zillow.

First NewSpace conference in Seattle blasts off in June with industry leaders

The leaders of the nation's private sector outer space industry will land in Seattle June 21 to 23, for the the first NewSpace conference here.

Gov. Jay Inslee: June 1 is Life Sciences Day in Washington

With the Life Science Innovation Northwest conference kicking off Wednesday, Gov. Jay Inslee has declared June 1 as Life Science Day​ in Washington.

This Seattle restaurant has become dependent on Amazon

With dozens of restaurants, cafes and food trucks in South Lake Union serving Amazon employees each workday, the neighborhood's economy depends on Amazon's headcount.

Seattle biotech Resolve revs up for autoimmune drug trials

Resolve Therapeutics is gearing up for the next stage of testing its autoimmune disease drugs and wants to push forward with its Phase 2 trials.

Washington to be first state with online retirement plan marketplace for individuals

Beginning July 1, more than 1 million workers in Washington state will be able to establish their own retirement plan.

Outstanding Voices: Microsoft President Brad Smith has been a vocal advocate for LGBTQ rights

Microsoft President Brad Smith, who has been a vocal advocate for LGBTQ rights, is one of the PSBJ's Outstanding Voices.

National Tech News

This entrepreneur once called himself a banker: Here's how he adjusted to the startup world

Longtime Silicon Valley co-investors launch Clear Ventures with $120M fund

Robinhood teams with Baidu to offer Chinese investors U.S. stock trading

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