Why BlackLine founder-CEO Therese Tucker—who broke some of tech’s toughest gender barriers—is stepping down

One of tech’s most pioneering female founder-CEOs is relinquishing her title.

Therese Tucker, who launched financial software company BlackLine in 2001 and took it public in 2016, is giving up her CEO role in January. When she does, the tech industry—and corporate America in general—will lose one of the very few women who run public companies, let alone ones that they founded.

BlackLine, which makes accounting software used by companies including Coca-Cola and Dow, is projecting annual revenues of more than $335 million in 2020, up more than 16% year over year. The company’s stock price has also more than tripled in the nearly four years since Tucker presided over its IPO—although it is down more than 20% since Aug. 6, when Tucker announced her plans to become executive chair of her company, and to cede her CEO role to president and chief operating officer Marc Huffman.… Read the rest

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Reopening schools unthinkable for now: Sisodia

Reopening schools unthinkable for now: SisodiaManish Sisodia spoke about why Delhi is opposing the University Grants Commission’s stance on examinations in the Supreme Court, and the steps being taken to trace 10-15% of students who have fallen off the radar of Delhi government’s education system during the lockdown.

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Coronavirus scammers have stolen over $100 million. These are the schemes Americans were most likely to fall for

They say that crisis breeds opportunity. Well, fraudsters certainly got the memo.

Americans have lost more than $100 million to fraud connected to COVID-19, the Federal Trade Commission revealed this week, with more than 160,000 fraud reports filed with authorities over everything from stolen stimulus checks to phony job offers and mortgage scams.

Personal finance website The Ascent parsed through the FTC’s numbers to document the various forms of fraud that have plagued Americans during the coronavirus pandemic. It found that phone calls were the most commonly reported method deployed by fraudsters, with nearly 9,700 cases that resulted in nearly $15 million in losses as of August 10. However, email-related fraud resulted in the largest losses, with more than 8,400 reported cases that cost Americans roughly $18 million.

Online shopping offers have been the most common source of fraud reports—with more than 24,400 instances reported, often involving phony products and … Read the rest

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Another huge unemployment wave is coming—and there’s an obvious way to stop it

Congress must act now, or millions more workers will lose their jobs without a safety net to catch them. Every job we lost has a ripple effect, and all the warning signs for our economy are flashing red. 

Since the pandemic began, 55 million Americans have filed for unemployment. That’s not even counting the undocumented workers who are ineligible for benefits or parents—mainly women—who left the workforce to care for their kids.

Without a real relief package, millions more will soon join them, including hundreds of thousands of flight attendants, pilots, baggage handlers, gate agents, and other aviation workers.

So far, almost no aviation workers are out of work, thanks to the Payroll Support Program our unions fought for in the CARES Act. The program stabilized 2.1 million jobs so efficiently that overwhelming bipartisan majorities in both chambers support a clean extension.

But if there’s no relief package, aviation … Read the rest

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View: India needs to understand a new source of monopoly power: the network effect

The question is complicated by a separate but important issue: checking monopoly power bestowed by the internet on early movers. Historically, a monopoly was defined as a producer, or bunch of producers, gaining such a high market share that they could manipulate prices and supply to mulct consumers.

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