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CNN —The family of murdered Cash App founder Bob Lee issued a statement Thursday thanking the San Francisco Police Department “for bringing his killer to Justice” after the arrest of Nima Momeni. Law enforcement described Momeni as a 38-year-old man from Emeryville, California and said Momeni and Lee knew one another, but didn’t provide further details about their connection. Lee was stabbed to death in the Rincon Hill neighborhood of San Francisco early in the morning of April 4th. “Every day around the world, people interact with technology that Bob helped create. Bob will live on through these interactions and his dreams of improving all of our lives,” the statement reads.
Why banning TikTok could be a bad idea
  + stars: | 2023-04-14 | by ( Emilia David | ) www.businessinsider.com   time to read: +4 min
Download Insider's app here. Screenshots from Lemon8 app, Ese Nuesiri / Shantania Beckford1. The rise of Lemon8 proves how pointless a TikTok ban would be. The US government wants to ban TikTok, but its parent company ByteDance is coming out with a new app aimed at the US market. Paayal writes that even if the US banned TikTok, Lemon8 would still exist.
But there's no record of him going there, a representative for the school told Insider. Momeni was arrested on Thursday over the murder of Cash App founder Bob Lee in San Francisco. But a representative for UC Berkeley told Insider that they couldn't find records that a Nima Momeni went to the elite institution. "We do not have a match for that name, meaning no record of graduation or attendance," the representative told Insider. Momeni also started the IT consulting company Expand IT, according to the San Francisco Chronicle.
[1/3] Nima Momeni, the 38-year-old founder of software company Expand IT, appears before Judge Christine Van Aken, accused of the stabbing murder of Cash App founder Bob Lee in a courtroom sketch in San Francisco, California, U.S. April 14, 2023. REUTERS/Vicki BehringerApril 14 (Reuters) - The tech executive charged with stabbing Cash App founder Bob Lee to death in San Francisco confronted him earlier in the evening about his ties to the suspect's younger sister, prosecutors said on Friday in court documents that outlined a possible motive. Momeni, founder of the Bay Area software company Expand IT, briefly appeared in a San Francisco courtroom on Friday, where a judge postponed his arraignment until April 25. The sister and her husband both attended Momeni's court hearing on Friday. Block Inc-owned (SQ.N) Cash App allows users to transfer money through a mobile application, which the company touts as an alternative to traditional banking services.
Flowers and cards left as people paying tribute to Bob Lee near the Portside apartment building in San Francisco, California, on April 7, 2023. Cash App founder Bob Lee was fatally stabbed by an IT consultant near downtown San Francisco after the two men got into an argument over the suspect's sister, according to court documents obtained by NBC News on Friday. In the wake of the dispute, Momeni's sister sent a text to Lee, the documents show. The witness saw Momeni asking Lee whether Momeni's sister had been "doing drugs or anything inappropriate" earlier that day. Additional footage obtained by police shows the BMW heading to a "dark and secluded area" near downtown San Francisco.
Bank of America and Goldman Sachs come in on Tuesday, with Morgan Stanley bringing up the rear on Wednesday. For a breakdown on the specific numbers, check out Markets Insider and the fantastic 10 Things Before the Opening Bell newsletter. Big banks poured $30 billion into First Republic in the midst of the banking crisis in an effort to shore up the wider market. And what about those pesky shadow banks? Never one to miss a good opportunity, shadow lenders are looking to step up where big banks are stepping back, Bloomberg reported.
According to court records, Lee and the suspect argued about the suspect's sister. Lee had been out with the suspect's sister the night prior to the stabbing, per the report. Momeni and Lee had a disagreement about Momeni's sister, and his sister texted Lee the night prior to the stabbing, after they had hung out with a group. "Just wanted to make sure your doing ok Cause [I] know nima came wayyyyyy down hard on you," Momeni's sister wrote to Lee after the argument happened, according to the documents. "Thank you for being such a classy man handling it with class," she texted Lee.
The man accused of killing the tech executive Bob Lee on a secluded San Francisco street this month stabbed him three times with a kitchen knife, prosecutors said in court documents released on Friday. The accused assailant, Nima Momeni, 38, had argued with Mr. Lee about whether anything “inappropriate” had happened between Mr. Lee, 43, and Mr. Momeni’s younger sister, prosecutors said, describing details of the police investigation in a motion to hold Mr. Momeni without bail. During a brief court hearing on Friday morning, Mr. Momeni’s arraignment was put off until later this month. Prosecutors said that Mr. Momeni, a tech consultant and entrepreneur, stabbed Mr. Lee, who was instrumental in creating the mobile payment service Cash App, on April 4 with the four-inch blade of a kitchen knife, including once through the heart. He then threw the knife in a parking lot and raced away, leaving Mr. Lee, 43, “to slowly die,” the motion states.
Momeni's lawyer, Paula Canny, is on vacation, Canny's brother and fellow attorney told the court. The arraignment was posposted to April 25 after a brief hearing in San Francisco state court. That's because Momeni's attorney, Paula Canny, is on vacation, her brother and fellow attorney Robert Canny told the court. A representative for the San Francisco District Attorney's office did not respond to emailed requests for comment on Friday. The 38-year-old Momeni was arrested in Emeryville, California, the San Francisco police department said at a press conference on Thursday.
Bob Lee, Cash App founder and chief product officer at crypto company MobileCoin, was fatally stabbed in San Francisco in early April. A suspect was arrested in connection with the fatal stabbing in San Francisco of Cash App founder Bob Lee, police said, more than a week after the tech executive’s death shocked Silicon Valley. Nima Momeni , 38, was arrested by San Francisco police Thursday morning and booked on a murder charge, said Bill Scott , the San Francisco police chief.
San Francisco police arrested Nima Momeni on Thursday and charged him in the murder of Bob Lee. San Francisco police arrested a tech consultant named Nima Momeni on Thursday on a murder charge in the fatal stabbing of Cash App creator Bob Lee. Friends and acquaintances 'can't imagine it'Alex Pourshayegan, who has known Momeni since he was a teenager working in Pourshayegan's window and glass store, told Insider Momeni is a "very likeable kind of guy." Two people who hired Momeni as an IT vendor told Insider that he was competent, professional and unassuming. San Francisco District Attorney Brooke Jenkins said her office is planning to file a motion to detain the suspect without bail.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPolice make an arrest in connection to the murder of Cash App founder Bob LeeCNBC's MacKenzie Sigalos joins 'Power Lunch' to discuss the latest updates in the murder case of Cash App founder Bob Lee.
April 13 (Reuters) - San Francisco police arrested a man on Thursday morning in connection with the fatal stabbing of Bob Lee, according to local media reports, just over a week after the tech executive succumbed to his injuries in the hospital. The San Francisco Police Department did not immediately respond to a request for further information. Lee, who founded Block Inc-owned (SQ.N) Cash App, is believed to have known the suspect. The two reportedly were driving in downtown San Francisco in Momeni's car when an alleged confrontation led to Lee's April 4 stabbing. The San Francisco Chronicle also reported news of an arrest, citing San Francisco Board of Supervisors President Aaron Peskin and other city officials, without disclosing a name.
CNN —San Francisco Police have made an arrest in the murder of Cash App founder Bob Lee, according to a tweet from San Francisco Board of Supervisors member Matt Dorsey. CNN has reached out to San Francisco Police and the Mayor’s office for comment. Lee was stabbed to death in Rincon Hill neighborhood of San Francisco early in the morning of April 4th. Many in the tech world and beyond responded to news of Lee’s death with an outpouring of shock and grief. Lee was the former chief technology officer of Square who helped launch Cash App.
The San Francisco Police Department said it arrested a suspect in the fatal stabbing of Bob Lee. The police took 38-year-old Nima Momeni, an individual they say knew Lee, into custody on Thursday. The San Francisco Police Department said it arrested a suspect in its investigation into the fatal stabbing of Cash App creator Bob Lee on Thursday morning. San Francisco District Attorney Brooke Jenkins said during a press conference that there is evidence that Momeni knew Lee. 38-year-old Momeni was booked around 9 a.m. on Thursday, records from the San Francisco Sheriff's Office show.
San Francisco supervisor Aaron Peskin tells CNBC that an arrest has been made in the April 4 fatal stabbing of Cash App founder Bob Lee. Earlier on Thursday, local San Francisco news outlet Mission Local reported that police went to Emeryville, California, with a warrant to arrest a suspect in the case. He is a tech entepreneur in the Bay Area, according to his LinkedIn profile and reports. San Francisco police officers found Lee, 43, with stab wounds at 2:35 AM in a deserted part of downtown San Francisco. — NBC Bay Area contributed reporting to this article.
San Francisco's DA is calling out Elon Musk for a tweet he made about Bob Lee's death. San Francisco's district attorney says Elon Musk made a "reckless and irresponsible" statement over the recent death of tech executive Bob Lee. She also addressed a tweet from Elon Musk over Lee's death. Many people I know have been severely assaulted," Musk had tweeted about Lee's death last week. Jack Dorsey, who cofounded Twitter, said Lee's death was "heartbreaking."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSan Francisco police connect Cash App founder to suspect arrested in fatal stabbingHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. CNBC's MacKenzie Sigalos joins the show to discuss the murder case of the late Cash App founder Bob Lee.
The San Francisco Police Department arrested a man in its investigation into Bob Lee's death, per ABC7 News and Mission Local. The man appears to have known the Cash App creator, both publications reported. Lee was fatally stabbed on April 4 in downtown San Francisco. Matt Dorsey, a member of the San Francisco Board of Supervisors confirmed the report on Twitter. Lee's former wife, Krista Lee, told KTVU Fox 2 that she believes the man who was arrested was an acquaintance of Lee's.
Why cutting middle management is a bad idea
  + stars: | 2023-04-11 | by ( Emilia David | ) www.businessinsider.com   time to read: +4 min
The push to cut middle managers will backfire on tech. Companies like Amazon, Meta, and Salesforce embarked on cost-cutting efforts that "flattened" org charts by removing middle managers, starting a trend across Silicon Valley. Middle managers, or what Meta CEO Mark Zuckerberg calls "managers managing managers," saw their roles shrink in the past year as tech companies focus on "individual contributors," increasingly requiring managers to do coding work themselves. But losing middle managers could also impact team morale and how employees look at their futures in the company. It comes despite Musk recently signing an open letter calling for an industry-wide halt to any AI training for several months.
Can ChatGPT be a doctor?
  + stars: | 2023-04-10 | by ( Asia Martin | ) www.businessinsider.com   time to read: +4 min
My colleague Emilia David will take over for the rest of this week until Diamond Naga returns from her much-needed vacation. Can ChatGPT be a doctor? One physician said the AI chatbot was "better than many doctors" he's observed when it came to clinical diagnosis. The doctor said the diagnosis didn't differ from what he would have determined. ChatGPT may have passed the exam, but it's still unable to take the Hippocratic oath, where doctors swear to abide by a set of professional ethical standards.
Audio from a police scanner gave more insight into Bob Lee's 911 call, NBC reported. A spokesperson for the San Francisco police department did not respond to a request for comment ahead of publication. Lee, the chief product officer of MobileCoin and former CTO of Square, was fatally stabbed on Tuesday morning, NBC first reported. ABC's San Francisco affiliate, KGO-TV previously reported that surveillance footage from the moments after the incident showed Lee walking around the Rincon Hill neighborhood in downtown San Francisco and asking for help before the police arrived at the scene. NBC reported that the police had found a knife near the crime scene.
The stabbing death of Cash App creator Bob Lee spurred fresh criticism of San Francisco crime. While critics call the progressive city "lawless" with "horrific" crime, violent offenses are down. Compared with cities of similar size, San Francisco has far fewer homicides per year. Michael Arrington, the founder of the industry blog TechCrunch, agreed, posting "I hate what San Francisco has become." Representatives for the San Francisco Police Department, as well as Ocko, Musk, Arrington, and Benedicto, did not immediately respond to Insider's requests for comment.
You can see pictures of the massive meatball here — but I warn you, it looks exactly how you would expect. Now, before the scientists start serving up Dinosaur DNA, let's take a look at the top tech stories this week. Once the hacker had control of Hartmans' phone, they didn't waste any time. Earlier this month, the Wall Street Journal reported that Elon Musk plans to build a town named "Snailbrook" — but he isn't the only billionaire creating their own utopia. Some of Lee's friends and colleagues, including Elon Musk, have lambasted the "violent crime in SF."
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