E-signature platform Docusign raised $465 million in its IPO, pricing its shares above the expected range for an initial market cap north of $4.4 billion.
Why it's a big deal: Docusign last raised VC funding at around a $3 billion valuation, so this means public market premiums for private "unicorns" aren't just reserved for consumer-facing companies like Dropbox and Spotify.
Joy-Ann Reid's claims of being hacked have fallen apart, reports the Daily Beast, after an internal investigation revealed homophobic blog posts were cached and not just screenshots.
The big picture: The Daily Beast, where Reid has a column, says her claims don't hold any ground and that may put Reid's job in jeopardy. This is the second time Reid has faced these allegations.
"NBC acted quickly to dismiss Matt Lauer, but it is facing a wave of internal and outside skepticism that it can reform a workplace in which powerful men such as Lauer were known to pursue sexual relationships with more junior women," the WashPost's Sarah Ellison reports on A1:
"In interviews, 35 current and former NBC staffers said that while some of these relationships were consensual, some were not. Twelve women interviewed said they were sexually harassed but did not report it."
Former NBC News correspondent Linda Vester has accused former NBC anchor Tom Brokaw of unwanted sexual advances, according to an exclusive video from Variety.
Why it matters: NBC was hit by the #MeToo movement when "Today Show" co-host Matt Lauer was accused of inappropriate sexual behavior. Vester says she was "groped and assaulted" by Brokaw, a legendary name in news.
Bill Cosby was convicted today of three counts of aggravated indecent assault over a 2004 sexual assault, per The New York Times. The verdict comes less than a year after a jury deadlocked on the same charges.
What he's facing: Each count is punishable by up to 10 years in prison, though Cosby could serve his sentences concurrently. Cosby was released on bail, pending sentencing, though he unleashed an expletive-laden rant against the district attorney after his verdict, per the AP. His attorney said that Cosby plans to appeal the sentence.
Retail shipping rates across the country are rising due a U.S. shortage of 51,000 truck drivers, projected to rise to 100,000 by 2021, USA Today reports.
The details: New regulations on the freight industry restricting the hours drivers can work without a break are reducing interest in the job. Plus, baby boomers are retiring from the truck driving business and millennials have been unwilling to replace them.
Upworthy’s parent company Good Media Group (GMG) is bringing in a new CEO and editor-in-chief to hone the company’s strategic vision of promoting social good, a year after the brand merged with its consulting arm, GOOD Corp.
Why it matters: The combined company sees a business opportunity in the fact that consumers, particularly its core audience of millennials, are more highly engaged in news about social causes — and increasingly looking to brands to take a stand on social issues. The new leaders have been brought on board specifically to execute that vision.
