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☆ San Francisco police connect Cash App founder to suspect arrested in fatal stabbing
▼ + stars: | 2023-04-13 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

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.

☆ Suspect arrested in stabbing death of Cash App founder Bob Lee -media
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +2 min

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.

☆ Arrest made in murder of Cash App founder Bob Lee, city official says
▼ + stars: | 2023-04-13 | by ( Kevin Flower | ) edition.cnn.com time to read: +1 min

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.

☆ Police arrest 38-year-old Nima Momeni in fatal stabbing of Cash App creator Bob Lee
▼ + stars: | 2023-04-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

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.

☆ 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.

☆ Stocks making the biggest moves premarket: Micron, Pioneer Natural Resources, Tesla and more
▼ + stars: | 2023-04-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Pioneer Natural Resources – The stock popped 7% before the bell after the Wall Street Journal reported that Exxon Mobil has held informal talks to acquire Pioneer. Exxon shares fell 0.6%. Tesla – The electric vehicle stock fell nearly 2% before the bell. First Republic – Shares fell more than 3% after the regional bank suspended dividend payments on preferred stock. Taiwan Semiconductor Manufacturing – U.S.-listed shares of the Taiwan-based semiconductor stock fell nearly 1% before the bell after the company reported a monthly drop in revenue.

☆ Here are Monday's biggest analyst calls: Tesla, Walmart, First Republic, Nikola, McDonald's & more
▼ + stars: | 2023-04-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Bernstein reiterates Tesla as underperform Bernstein said more price cuts are coming for Tesla. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said its latest survey shows Walmart+ membership is at a record. UBS reiterates McDonald's as buy UBS said the fast food giant is extremely well positioned. UBS upgrades Regions Financial to buy from neutral UBS said in its upgrade of the regional bank that it likes the company's balance sheet. Northcoast upgrades McDonald's to buy from neutral Northcoast said it sees improved profitability for McDonald's .

☆ I'm a cart girl on a Las Vegas golf course who makes $500 in tips a day. You don't need experience to be successful at this job — here's how I do it.
▼ + stars: | 2023-04-10 | by ( Elle Hardy | ) www.businessinsider.com time to read: +8 min

Her main tips for success are to reach out to anyone you know in the golf world and stay positive. Now I'm a cart girl on a Las Vegas golf course, and I share my experience on TikTok with my 2.1 million followers. I usually make between $400 and $500 in tips a day on top of my salary. You can have as much fun partying on the golf course as you can at a day club in Vegas. Looks and outfits get you only so far, so you have to have the personality to make the golfers' day.

☆ Stocks making the biggest moves midday: Micron, Pioneer Natural Resources, Block, AMC and more
▼ + stars: | 2023-04-10 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Micron Technology — Micron Technology's shares gained 8% after its rival Samsung Electronics announced that it plans to cut memory chip production in the near term. Excelerate Energy , EQT and other gas stocks — Shares of Excelerate Energy, EQT and other gas stocks ticked higher as natural gas futures climbed. Apple's stock price lost 2%, Google-parent Alphabet shed 2.8% and Microsoft lost 1.4%. New Fortress Energy — The stock gained 4% after Deutsche Bank initiated New Fortress as a buy. AMC's stock price popped 6.7%, IMAX soared by 2% and Cinemark gained 5.7%.

☆ KBW downgrades this payments stock with 'small risks starting to add up'
▼ + stars: | 2023-04-10 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A growing list of headwinds is beginning to signal worry for Jack Dorsey's Block , according to KBW. The firm downgraded Block to market perform from outperform, citing pressure from small risks that are piling up. KBW also lowered its price target on Block shares to $75 per share from $90. "We think SQ's risk/reward profile has become less attractive as multiple risks are starting to add up," KBW's Steven Kwok wrote. "This could pressure volume growth, take rates, and ultimately profitability," Kwok said.

☆ Police scanner audio reportedly reveals what Cash App creator Bob Lee said when he called 911 after fatal stabbing
▼ + stars: | 2023-04-10 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

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.

☆ Hawkish tech critics have labeled San Francisco 'lawless' following the stabbing death of Cash App creator Bob Lee. The city's crime rate tells a different tale.
▼ + stars: | 2023-04-09 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

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.

☆ SF police chief says there's 'evidence that we found that I can't talk about' in Bob Lee death investigation
▼ + stars: | 2023-04-07 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

The SFPD chief said Thursday there are "good developments" in the investigation, per ABC's KGO-TV. But the city's District Attorney said "this is one that's going to take time to solve," per the report. Representatives for the San Francisco police department and the city's department of emergency management did not respond to Insider's requests for comment on Friday. The San Francisco police previously said in a statement that they responded to a call regarding the attack early morning on Tuesday at 2:35 a.m. The District Attorney's office can't make a determination on bringing charges until police have concluded their investigation and made an arrest, a representative for the DA's office previously told Insider.

☆ The bank taking over SVB's venture-debt business doesn't seem to know a lot about venture debt
▼ + stars: | 2023-04-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But first, can you explain what venture debt is? The venture debt community, which has grown considerably as equity funding has dried up, is skeptical that First Citizens is the best firm for the job, Insider's Darius Rafieyan reports. Reporting from the first annual Venture Debt Conference in New York, which First Citizens seemed to be absent from, Darius details how attendees and panelists questioned the family-run regional bank's ability to take over the complex and nuanced business that is venture debt. I'm all for learning on the job, but that type of knowledge seems like a prerequisite for buying a business with more than $70 billion in venture debt. But, if First Citizens is as ill-equipped to take over SVB's venture-debt business as some believe, that only further complicates the matter.

☆ Bob Lee: Moments following stabbing of Cash App founder captured on video, local news site reports
▼ + stars: | 2023-04-06 | by ( Taylor Romine | ) edition.cnn.com time to read: +4 min

CNN —The moments following the San Francisco stabbing attack of Cash App founder Bob Lee were captured on surveillance video and in a 911 call to authorities, according to a local Bay Area news portal. The driver of the Toyota pulls the car away and Lee collapses to the ground. Lee manages to get up and walk a bit further before he collapses in front of an apartment building. “No one who commits a violent crime, or who’s a repeat offender are receiving overly lenient plea deals.”Her comments appear to be in response to Twitter’s new owner, billionaire Elon Musk. In total, there were 56 homicides in San Francisco in 2022, the same as in 2021.

☆ San Francisco mayor says the city is 'prioritizing public safety' after Cash App creator's fatal stabbing during visit
▼ + stars: | 2023-04-06 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

San Francisco's mayor called the death of Cash App creator Bob Lee "a horrible tragedy." London Breed said police are investigating, and San Francisco is "prioritizing public safety." Breed pointed to a recent budget supplemental that will put more police in SF neighborhoods. He tagged San Francisco District Attorney Brooke Jenkins to ask if "the city taking stronger action to incarcerate repeat violent offenders." San Francisco's violent crime rates are relatively favorable compared to other large cities, like Chicago and Los Angeles.

☆ Security footage reportedly shows Cash App creator Bob Lee looking for help in downtown San Francisco after he was stabbed
▼ + stars: | 2023-04-06 | by ( Grace Kay | Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

The Mayor of San Francisco, London Breed, called Lee's fatal attack a "horrible tragedy." The video shows Lee apparently seeking help after his stabbing attack in the Rincon Hill neighborhood in downtown San Francisco, according to a report from ABC's San Francisco affiliate, KGO-TV. But The San Francisco Standard said the car pulled away and Lee then appeared to drop down to the ground. The San Francisco Police Department did not respond to Insider's request for comment on Thursday morning ahead of publication. San Francisco Mayor London Breed said that "San Francisco is prioritizing public safety," amid calls by tech industry leaders including Elon Musk to address safety concerns in the city.

☆ Cash App creator Bob Lee moved out of San Francisco because he thought the city was 'deteriorating' shortly before he was stabbed there, friend says
▼ + stars: | 2023-04-06 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Cash App creator Bob Lee was fatally stabbed in San Francisco earlier this week. His friend, Jake Shields, told NewsNation that Lee had recently relocated to Miami. Lee moved out of San Francisco because he thought it was unsafe, Shields added. "[Lee] did comment on San Francisco deteriorating, which is why he actually had just relocated to Miami," Shields told the outlet. Shields told NewsNation the attack was a "senseless act of violence in San Francisco," adding that the city has had "problems" for a while.

☆ Leaked Amazon memo shows plans to reduce employee stock awards in 2025
▼ + stars: | 2023-04-06 | by ( Asia Martin | ) www.businessinsider.com time to read: +4 min

Leaked Amazon memo shows plans to reduce employee stock awards in 2025. The company is considering increasing the cash portion of compensation to help cushion employees against its stock price going down in the future. In other news:The late Cash App founder Bob Lee. Cash App creator Bob Lee died after a reported stabbing in San Francisco Tuesday. Silicon Valley is grieving the loss of the founder of Cash App and the former chief technology officer at Square.

☆ Cash App Founder Bob Lee Fatally Stabbed in San Francisco
▼ + stars: | 2023-04-05 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Bob Lee built a career as a Silicon Valley executive and angel investor, according to his LinkedIn page. Bob Lee , the founder of money-transfer company Cash App and the chief product officer at cryptocurrency company MobileCoin Inc., was fatally stabbed in San Francisco on Tuesday. MobileCoin founder Joshua Goldbard confirmed Mr. Lee’s death in an email to The Wall Street Journal. Mr. Lee, who had been MobileCoin’s chief product officer since 2021, had previously worked on some of Silicon Valley’s most well-known products.

☆ Cash App founder Bob Lee reportedly killed in San Francisco stabbing, sources say
▼ + stars: | 2023-04-05 | by ( Chantal Da Silva | ) www.cnbc.com time to read: +1 min

A man who was fatally stabbed early Tuesday near downtown San Francisco was tech executive Bob Lee, the founder of Cash App and former chief technology officer of Square, sources told NBC Bay Area. The San Francisco Police Department said officers responded to a report of a stabbing at around 2:35 a.m. Tuesday. Police did not name the man, but sources identified Lee, who was serving as the chief product officer of MobileCoin, as the victim to NBC Bay Area. Helped to birth Android and CashApp into our world," Joshua Goldbard, the CEO of MobileCoin told ABC affiliate KGO of San Francisco. Responding to Shields' tweet, Twitter chief Elon Musk said he was "very sorry" to learn of Lee's death.

☆ Cash App founder Bob Lee stabbed to death in San Francisco, says father
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

April 5 (Reuters) - Block Inc (SQ.N)-owned Cash App's founder Bob Lee was stabbed to death in San Francisco on Tuesday, according to a Facebook post shared by his father. loading"I just lost my best friend, my son Bob Lee when he lost his life on the street in San Francisco early Tuesday morning," said Rick Lee in a post which linked a TechCrunch article on the stabbing. The San Francisco Police Department said late on Tuesday that a 43-year-old man was stabbed early in the day and succumbed to injuries in the hospital. Cash App allows users to transfer money through a mobile application and is touted by the company as an alternative to traditional banking services. Lee was the chief product officer for cryptocurrency company MobileCoin, where he was also previously an early-stage investor and adviser, the company said on Twitter.

☆ Bob Lee, Cash app founder, dead after apparent stabbing attack in San Francisco
▼ + stars: | 2023-04-05 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

New York CNN —Bob Lee, the former chief technology officer of Square who helped launch Cash App, has died after an apparent stabbing attack in San Francisco. We love you.”Tech entrepreneur CashApp founder Bob Lee. San Francisco has been grappling with an apparent uptick in crime as it still attempts to bounce back from the pandemic. In total, there were 56 homicides in San Francisco in 2022, which is the exact same number of homicides the city saw in 2021. Prior to joining Square, Lee was at Google, where he helped lead the team that launched Android.

☆ Cash App creator and former Square CTO Bob Lee has died after a reported stabbing in San Francisco
▼ + stars: | 2023-04-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Bob Lee died after a stabbing on Tuesday morning, NBC Bay Area reports. He created Cash App while working as Square's CTO, before moving on to MobileCoin. "Bob was a force of nature," said MobileCoin CEO Joshua Goldbard. It was there that he created Cash App, the mobile payment app which rivals Venmo. "Bob was a force of nature," MobileCoin CEO Joshua Goldbard told Insider.

☆ Elon Musk, Jack Dorsey, and other tech execs respond to the fatal stabbing of Cash App creator Bob Lee: 'Violent crime in SF is horrific'
▼ + stars: | 2023-04-05 | by ( Grace Kay | Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

Bob Lee's peers and industry leaders wrote social media posts mourning the Cash App creator. At the company, the executive created Cash App, a mobile payment platform. YCombinator CEO Garry Tan called Lee's death a "huge loss for the tech community and for San Francisco." "We do not tolerate these horrific acts of violence in San Francisco," she tweeted. —Brooke Jenkins 謝安宜 (@BrookeJenkinsSF) April 5, 2023The San Francisco police department must conclude its investigation before the DA's office can step in, Randy Quezada, communications director at the San Francisco District Attorney's office, told Insider.

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