Tesla’s board is about to get a lot smaller

Tesla is cutting its board down by more than 36 percent to seven directors by 2020, a move that includes the loss of some CEO Elon Musk’s early advisers and allies, according to regulator filings posted Friday. Longtime board member Brad Buss and Linda Johnson Rice, who joined two years ago as an independent director, […]

Fastly, the content delivery network, files for an IPO

Fastly, the content delivery network that’s raised $219 million in financing from investors (according to Crunchbase), is ready for its close up in the public markets. The eight-year-old company is one of several businesses that improve the download time and delivery of different websites to internet browsers and it has just filed for an IPO. […]

Prosper is the latest Silicon Valley company to get dinged by, and settle charges with, the SEC

Another Silicon Valley company is settling with the SEC: the online lending company Prosper, which the SEC had accused of “miscalculating and materially overstating annualized net returns to retail and other investors.” Prosper has agreed to pay $3 million as part of the settlement, in which it has neither admitted nor denied the agency’s allegations. […]

Daily Crunch: Zoom and Pinterest go public

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Zoom pops 81 percent in Nasdaq debut Thursday was a big day for tech IPOs, with Zoom opening trading at $65 […]