Levi Sumagaysay
Levi Sumagaysay
Reporter @MarketWatch covering tech and inequality. Formerly @mercnews and co-founded @raceandcorona. levi.sumagaysay@marketwatch.com | DM for Signal.Source
S.F. Bay Area
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DoorDash will require all employees to deliver goods or perform other gigs, and some of them aren't happy

DoorDash will require all employees to deliver goods or perform other gigs, and some of them aren't happy

All DoorDash Inc. employees, from software engineers up to the chief executive, will have to perform deliveries or maybe shadow a customer-service agent once a month starting next year — and some of them aren’t happy about it. DoorDash DASH, -2.28% confirmed Thursday that it told employees this week it is reinstating the program, called WeDash, in January. The company said it has had the program since its inception and in 2018 tied it to a philanthropic effort to address hunger and food waste, but put it on hold because of the pandemic. The renewed push adds choices for employees who may...

Dec 23
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Citigroup, Wells Fargo, Bank of America, Goldman Sachs urge shareholders to vote against racial-equity audits

Citigroup, Wells Fargo, Bank of America, Goldman Sachs urge shareholders to vote against racial-equity audits

Four of the nation’s biggest banks are asking shareholders to reject racial-equity resolutions after they expressed solidarity with the Black Lives Matter movement last year. Citigroup Inc.Wells Fargo & Co.Bank of America Corp.and Goldman Sachs Group Inc.were among the many large U.S. companies to make public statements of support in response to widespread protests last summer after the police killings of George Floyd and Breonna Taylor. In recent days, they have all officially opposed shareholder groups’ calls for them to conduct and publicize racial-equity audits and other changes, saying...

March 18, 2021
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NetApp shares fall sharply despite better-than-expected results and outlook

NetApp shares fall sharply despite better-than-expected results and outlook

NetApp Inc., the provider of enterprise data, storage and cloud management, said Wednesday that it saw its third quarter in a row of growth in revenue and billings. “Looking ahead, we are uniquely positioned to address customers’ requirements for digital transformations as they deploy workloads in the cloud, as well as maintain and modernize on premises,” Chief Executive George Kurian said in a statement.Despite beating expectations, NetAppshares fell 6.4% after hours, after rising 3.2% in the regular session to close at $71.57.  The company reported fiscal third-quarter net income of $182...

February 24, 2021
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Facebook declares war on Apple

Facebook declares war on Apple

Facebook launched a PR assault against Apple on Wednesday, proclaiming that the iPhone maker’s upcoming changes to its mobile operating system will hurt small businesses’ ability to target advertising and app makers’ ability to offer free content. When Appleupdates iOS 14 on mobile devices early next year, it will require all apps to show a prompt allowing users to opt out of targeted advertising. People opting out of tracking will hinder Facebook’sability to collect information it could use to personalize ads, and the company’s attack Wednesday included publicly standing with “Fortnite”...

December 16, 2020
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After controversy, Cisco commits $100 million to broad social-justice pledge, including increasing Black workers and leadership

After controversy, Cisco commits $100 million to broad social-justice pledge, including increasing Black workers and leadership

Cisco Systems Inc., which fired some employees over the summer for comments about racism and Black Lives Matter during virtual staff meetings, unveiled a social-justice platform that delves deeper into those issues on Wednesday. The Silicon Valley networking giant said its commitment — which includes giving all its employees a day off to vote — is a first step to “expanding opportunities and support for Black communities.”“We’re hoping these actions serve as a combination of inspiration and action,” Fran Katsoudas, executive vice president and chief people officer of Cisco, said in an...

September 23, 2020
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Protesters call Uber’s antiracism billboards ‘hypocritical and offensive’

Protesters call Uber’s antiracism billboards ‘hypocritical and offensive’

Ride-hailing drivers and supporters gathered in Oakland, Calif,. on Wednesday to denounce Uber Technologies Inc. for antiracism billboards it has put up in 13 major cities around the country, calling the company hypocritical as it fights a California ballot measure that would require it to classify drivers as employees.To protest the billboards that read “If you tolerate racism, delete Uber,” the drivers and activists carried their own sign that read, “If you support racial justice, vote no on Prop 22.” Organizers of the protest said the company’s billboard campaign is “disingenuous”...

September 9, 2020
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Thousands in Silicon Valley in danger of eviction as end of California moratorium nears

Thousands in Silicon Valley in danger of eviction as end of California moratorium nears

More than 43,000 households in the heart of Silicon Valley face eviction in the next few months even as local technology companies’ valuations soar, according to new research published Wednesday, in what could become a national crisis as eviction moratoriums expire during the coronavirus pandemic.With eviction bans scheduled to end next month, landlords feeling economic pain too are agitating to kick out tenants in California and elsewhere as COVID-19 cases continue to rise. In Santa Clara County, the home to Apple Inc., Google parent Alphabet Inc.and hundreds of other tech companies,...

July 23, 2020
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