Heather Somerville Heather Somerville (237 Posts)

Heather Somerville is a business reporter covering venture capital and startups for the Bay Area News Group.

So much for eBay’s same-day delivery

EBay had grand plans to become one of the fastest retail delivery services on the Internet, zipping electronics, food and toiletries to your front door in an hour or less. But sometimes best-laid plans and the economics of the low-margin retail Read More →

Flywheel raises $12 million to help taxis fight Uber

Despite the quick rise of ride-hailing apps Lyft and Uber, one San Francisco startup is out to prove that the taxi industry is not down and out. Flywheel, a mobile app that lets riders order a traditional taxi cab from their smartphone Read More →

Snapchat joins Square to offer payments feature

Snapchat, the messaging app that lets users send texts and photos that disappear within seconds, has launched a money transfer feature. Through the new "Snapcash" feature, the app's millions of monthly users can enter their debit card information and send money to a Read More →

Report: Coinbase in talks to raise up to $60 million

Silicon Valley high-profile investors appear to be lining up behind bitcoin, the crytocurrency that has won the hearts of many tech workers despite its volatility and uncertain future. Coinbase, an online exchange for purchasing, storing and transacting in bitcoins, is reportedly Read More →

Yishan Wong leaves Reddit because he’s “completely worn out”

Former Reddit CEO Yishan Wong, whose departure from the microblogging site was announced yesterday, explained that he left the job because he was "completely worn out." In a post on Quora, Wong described his job running Reddit as "incredibly Read More →

Some tech firms to cover Lyft expenses for employees

More than two dozen Bay Area tech companies are now covering the cost of Lyft rides for their employees to commute to and from work. Through a new program from Lyft, called Lyft for Work, companies can issue employees Read More →

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