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Google tried to distance itself from a pre-planned drag show featuring longtime performer “Peaches Christ” in San Francisco but employees still attended. Some of them booed their employer for what they viewed as a caving to pressure of an internal religion-led protest.

Jennifer Elias

A drag show originally meant to celebrate the end of Pride month turned into a rallying cry for corporate allyship as dozens of Google employees attended, some of whom booed their employer.

“I don’t usually usually talk about this sort of thing,” began longtime San Francisco-based drag performer Joshua Grannell, as he opened his a multi-performer drag show Tuesday evening from a small stage at a bar in the Castro neighborhood.

“Folks who work at Google put this together and we did this last year and it was fabulous and it was fun and we had a good time,” he continued. “And this year, a group of Christians at Google signed a petition to take this event from their employees because they thought it was upsetting, offensive, controversial.”

“Boo!” yelled dozens of attendees, including several Google employees wearing company “Pride” T-shirts.

Grannell, whose drag performer name is “Peaches Christ” was a planned performer at a drag show sponsored and promoted by Google to close out Pride month. However, as CNBC previously reported, the company removed its affiliation and instead encouraged employees away from the drag show to a new event at its offices. The move came as several hundred employees signed a petition opposing the drag performance, claiming it was offensive to their Christian religion and that they’d complained to human resources.

The company said the event hadn’t gone through the proper approval process but didn’t comment on the petition.

Attendees and Grannell said they viewed the change as a buckling to pressure of the Christian employees’ petition and complaints.

“I was called all sorts of things,” Grannell said on stage, referring to the petition. “Boo!” more attendees yelled. “We support you!” one employee yelled from the crowd.

Watch a video from the show here.

Both employees and Grannell told CNBC they were disappointed in the company for backtracking, adding that the company held a similar event last year without any problems.

Attendees described Grannell as an “icon” and “an institution” in the gay community.

“I’ve been a performer for nearly 30 years in San Francisco, and I employ hundreds of people, performers and artists across the city,” Grannell told CNBC.

“This thing that happened with Google, unfortunately for this event, is actually indicative of a huge groundswell of hatred across the country using drag queens and trans people a scapegoats,” he told the crowd Tuesday, which garnered more boos and yelling.

Drag shows have been a target of religious and conservative organizations and politicians leading up to the 2024 presidential election. That includes a flurry of legislative proposals backed by GOP governors attempting to limit drag events. 

Corporations have also faced backlash for Pride-related marketing. Bud Light came into the crosshairs after it struck a partnership with trans influencer Dylan Mulvaney, while North Face received backlash for an ad featuring drag queen Pattie Gonia. Target and Kohl’s have been criticized for Pride-themed clothing.

Joshua Grannell, who goes by the stage name “Peaches Christ,”addressed Google’s decision to distance itself from the pre-planned drag show.

Jennifer Elias

Following Grannell’s opening monologue, he repeated the reason for the event was to celebrate Pride and then proceeded to introduce the performers on a small stage toward the back of the venue, which held rainbow-colored lights.

The first performer sang in a sequenced Marilyn Monroe-style red dress to Diana Ross’ upbeat “The Boss.” The next performer dawned a large, multi-color coat who danced to Gloria Gaynor’s “I will survive.”

A few others followed, with their own unique acts. Some were comedic musical skits, others featured dancing and lip syncing.

“For me, it’s real bummer to see this happen but I also think it needs to be called out,” Grannell told CNBC after the show, referring to Google’s decision to distance itself from the planned event. “If you’re going to put a rainbow flag on stuff and march in the queer Pride parade but not support your queer employees and not take a stand against anti-queer sentiment, even in the name of religion, then you’re not a real ally.”

Drag performer acted out a comedic skit about her love of cats while lip synching “Crazy” by Patsy Cline. The skit garnered laughs from the audience.

Grannell said the stakes for a lot of drag performers are high, as some of them have come to rely on corporate sponsorship. “We’ve now created a culture where corporations’ allyship includes paying performers and paying queer people to celebrate Pride month. Google sets a standard for a lot of companies in the industry and in San Francisco,” he added.

Attendees and employees alike danced, cheered and took turns walking dollar bills to the stage throughout the nearly two-hour event.

“You have some work to do, Googlers,” Grannell told the crowd as he ended the show. “We’ve got to keep fighting and we will win—we’re on the right side of history.”

The crowd erupted in applause and cheers.

Google did not respond to a request for comment.

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Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company

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Uber inks six-year robotaxi deal with Lucid, invests 0 million in EV company

An autonomous robotaxi from Uber’s partnership with Lucid and autonomous vehicle startup, Nuro.

Courtesy: Nick Twork | Lucid

Uber on Thursday announced a partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear.

As part of the partnership, the ride-hailing company is teaming up with Lucid, the electric vehicle maker, and Nuro, an autonomous vehicle startup. Under the agreement, Uber will invest $300 million in Lucid. Nuro will develop the self-driving technology that Lucid will use to supply Uber with robotaxis over the course of the deal and receive a multi-hundred-million-dollar investment.

Lucid stock popped 30% Thursday. Uber shares were marginally higher.

The companies plan to launch the robotaxis in a major U.S. urban hub next year.

“We’re thrilled to partner with Nuro and Lucid on this new robotaxi program, purpose-built just for the Uber platform, to safely bring the magic of autonomous driving to more people across the world,” said Uber CEO Dara Khosrowshahi in a statement.

In an interview with CNBC, Lucid interim CEO Marc Winterhoff called the partnership an opportunity for the EV maker to compete in a “completely new” addressable market it has yet to penetrate.

Read more CNBC tech news

Nuro, which is backed by Google and the SoftBank Vision Fund, will provide “level 4 self-driving system” software for the cars. The technology can drive passengers under normal traffic and weather conditions without a human behind the wheel.

The partnership with Lucid and Nuro follows Uber’s alliance with Alphabet-backed Waymo. The two companies expanded their service to Atlanta and Austin, Texas, earlier this year.

Waymo’s vehicles are also considered Level 4, as defined by SAE Levels of Driving Automation. Tesla sells cars today equipped with Autopilot and FSD Supervised systems that fall into the level 2 category, requiring a human at the wheel. Elon Musk‘s EV company debuted a robotaxi pilot test in Austin in June.

Lucid said the 450-mile range for its Gravity vehicles should help cut costs and charge times while improving accessibility. Winterhoff said the program may eventually include future Lucid vehicles currently in development.

“We’ve been chosen because of our EV technology leadership,” he said.

Testing for the first prototype vehicle is underway on a closed circuit at Nuro’s Las Vegas-based proving grounds. In April, the startup raised $106 million in a funding round from T. Rowe Price, Fidelity, Tiger Global and Greylock.

The deal is a “blueprint for a robotaxi program that’s both commercially viable and globally scalable,” Nuro said in a statement to CNBC.

WATCH: Uber has nothing but tailwinds at its back, says Needham’s Bernie McTernan

Uber has nothing but tailwinds at its back, says Needham's Bernie McTernan

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Crypto theft is booming as criminals increasingly turn to physical attacks

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Crypto theft is booming as criminals increasingly turn to physical attacks

Digital currency thefts are on the rise.

Jakub Porzycki | Nurphoto via Getty Images

The value of cryptocurrencies stolen by criminals surged in the first six months of 2025 after a high-profile hack and a wave of physical attacks targeting crypto holders and their relatives.

So far this year, $2.17 billion has been stolen from crypto services — already eclipsing the $1.87 billion of funds stolen from platforms in 2024 — and this is expected to reach $4 billion by the end of 2025, according to a report published Thursday by blockchain analysis firm Chainalysis.

Overall, the combined value of digital tokens stolen from both crypto platforms and individuals hit more than $2.8 billion and is already approaching the $3.4 billion in crypto stolen last year.

The bulk of the funds stolen from services came from February’s cyberattack on Dubai crypto exchange Bybit, which saw North Korea-linked hackers make off with $1.5 billion. It’s estimated to be the largest crypto heist in history.

However, the rise in stolen crypto assets was also driven by a spike in attacks on individual crypto wallets. Personal wallets accounted for over 23% of total thefts, with attackers increasingly turning to physical violence and coercion to access funds, Chainalysis said.

In January, David Balland, a co-founder of crypto wallet firm Ledger, was kidnapped with his wife from their home in central France. Before they were freed, the attackers cut off Balland’s finger and sent footage of it to his fellow co-founder Eric Larcheveque demanding ransom money.

Separately, in May, the father of a crypto entrepreneur was taken in broad daylight by four men wearing ski masks. The kidnappers demanded a ransom of several million euros and cut off one of the man’s fingers. He was freed by police days later.

Eric Jardine, cybercrimes research lead at Chainalysis, told CNBC that the rise in crypto-related thefts was primarily being driven by increasing crypto adoption and price appreciation.

“Adoption means there are more services and users in the crypto ecosystem, making thefts more common. Price appreciation means that services and individuals in crypto have more USD value to lose, even if the total assets stolen are relatively constant over time,” Jardine said via email.

Read more CNBC tech news

Jardine suggested that the uptick in attacks on individual crypto holders could relate to the fact that crypto trading services are beefing up their security.

“If services become better at security, malicious actors will potentially move to targeting individual wallet holders and trade off a single large-scale heist in favor of a large number of smaller-scale victimizations,” he said.

Meanwhile, rising wealth accumulated through holdings of cryptocurrencies like bitcoin has resulted in a rise in crypto influencers flaunting their lifestyle on social media platforms.

Jardine stressed it was important not to blame the victims of physical crypto-related attacks, adding that “showy displays of wealth can quite obviously attract the attention of a bad actor when compared to a more modest outward facing lifestyle.”

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Crypto accumulator DeFi Development to expand globally by franchising its Solana treasury model

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Crypto accumulator DeFi Development to expand globally by franchising its Solana treasury model

Omar Marques | Sopa Images | Lightrocket | Getty Images

DeFi Development, a company vying to be the MicroStrategy of Solana, is expanding internationally through a franchise model.

The company plans to partner with others looking to operate their own Solana treasuries with DeFi’s support. In return, DeFi Development will retain an equity stake in each regional vehicle. The initiative will be branded DFDV Treasury Accelerator.

“Most crypto treasury vehicles today are following the MicroStrategy model. What excites us about DFDV is that they’re not just copying the playbook. They’re evolving it,” said Cosmo Jiang, general partner at investor Pantera Capital. “By combining validator infrastructure, capital markets innovation, and now international expansion via a global franchising model, DFDV is building something structurally different and ahead of the curve.”

Pantera was also an anchor investor in Bitmine Immersion Technologies, an ether treasury firm backed by Peter Thiel and chaired by Fundstrat’s Tom Lee. Kraken, Arrington, RK Capital and Borderless Capital may also support the franchise initiative through a potential investment and treasury and fundraising guidance, as well as infrastructure – which could include validator and custody solutions.

The move comes amid an explosion in companies pursuing crypto treasury strategies or merging with public entities to be able to emulate MicroStrategy’s success investing in bitcoin. In addition to Bitmine, the publicly listed betting platform SharpLink Gaming in May initiated an ether treasury strategy and appointed Ethereum co-founder Joseph Lubin as chairman of its board. Bit Digital recently exited bitcoin mining to focus on its ETH treasury and staking plans.

Solana is a five-year-old public blockchain platform that promises to provide fast transaction speeds as well as low fees for developers and users. Solana’s value is up 7% over the past year, with a nearly 10% gain within the past month, according to Coin Metrics.

In addition to accumulating Solana tokens, the company will acquire validators (the computers that help run the Solana network by verifying transactions) that can be used to “stake” the tokens. Through staking, users earn rewards for locking up SOL tokens on the network.

DeFi Development this week introduced its first SOL per share guidance, saying it plans to reach 1 SOL per share by 2028. With 857,749 SOL held currently and 18.8 million shares outstanding, its SOL per share stands at 0.0457, it said.

Don’t miss these cryptocurrency insights from CNBC Pro:

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