David Letterman, Uber, Twitter: Broadsheet May 16
• Twitter takes on trolls. Twitter is experimenting with a new way to curb abusive comments: featuring suspected trolls less prominently on the site. The goal, says Fortune‘s Jonathan Vanian, is to “proactively remove potentially abusive or unbecoming tweets before people react to them and report them to the company.” In early testing, the new approach reduced abusive content by 4-8%.
• Equality=economic growth. The Nordic countries—which consistently rank as the happiest in the world—have grown considerably richer thanks to decades of policies designed to improve gender equality, according to a new OECD report. The region has added as much as 20% to economic growth per capita over the last 50 years, and additional women-friendly work policies could add up to 30% to economic growth rates by 2040.
• Follow-ons for female founders. We all know by now how hard it is for women to raise venture capital, but Fortune alum Kia Kokalitcheva goes a step further, looking at how many all-female teams raise follow-on funding (spoiler: not many). “Only 39% of all-female founder teams raise follow-on funding for their startups, compared to 52% for all-male teams. Moreover, follow-on rounds for all-female teams comprise just 1.57% of all VC rounds since 2008.”
• Rage against retail. Why is it that 13.4% of the EEOC’s sexual harassment claims—the second highest percentage after the accommodation and food services industry—are made by retail workers? “Experts link the high rate of sexual harassment in retail to the particular vulnerability of its workforce, its low wages, and a hazy, complicated, and sometimes ineffective complaint process following an incident.”
MOVERS AND SHAKERS: Isabelle Ealet, co-head of Goldman Sachs’ securities unit, is leaving the bank next month. Prominent biotech investors Dr. Beth Seidenberg is stepping down from her day-to-day role at Kleiner Perkins Caufield & Byers. She is raising money to start her own firm to focus on biotech and health investing. Sarah Guo has been promoted to general partner at Greylock, making her both the youngest and only female investor with the title. Sarah McConville has been named SVP and Group Publisher of Harvard Business Review.
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