Heather Somerville Heather Somerville (150 Posts)

Heather Somerville reports on consumer affairs, retail and technology for the Bay Area News Group. She lives in San Francisco, where she enjoys rock climbing, yoga and biking across the Golden Gate Bridge.

Lyft launches program to drive for charity

Ridesharing service Lyft announced Thursday a new charity service to deliver supplies to the needy and offer free rides to the elderly or sick. Through Lyft for Good, a nationwide program, drivers employed by Lyft will use their cars Read More →

Mt. Gox heads toward liquidation in Japan

The writing on the wall for Mt. Gox became a bit clearer Wednesday when the defunct bitcoin exchange gave up on plans to rebuild after a district court in Japan rejected its request for bankruptcy protection. Mt. Gox has agreed with Read More →

Mt. Gox chief refuses judge’s order to testify in his own U.S. bankruptcy case

The founder of the notorious bitcoin exchange Mt. Gox has told the U.S. justice system, "nah, I don't think so," in response to a judge's demand that he travel to the U.S. to explain to officials how and why his Read More →

Venture capital raises record funds in 1st quarter

Venture capitalists raised almost $9 billion during the first three months of 2014, pushing total fundraising to a 14-year high. Since January, U.S. venture capital firms have raised $8.9 billion, making for the strongest fundraising quarter since 2007, according Read More →

eBay continues pivot from auction site to tech company: SV 150 growth profile

If eBay wants you to know just one thing, it’s this: the company is not your auction site from the 1990s. Sure, shoppers can still bid on Nike running shoes or a used bicycle, but eBay is not focused on being Read More →

While you were still paying with US dollars, bitcoin had quite the week

Bitcoin has had quite a couple of weeks. Here's a rundown of what's up with the weird and fascinating and hard-to-comprehend cryptocurrency. Bitcoin was center stage for a two-day gathering in San Francisco, called CoinSummit, and earned an enthusiastic backing from Read More →
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