theinformation.com
theinformation.com
The Information is a subscription-based digital media company.[2] The Information has tens of thousands of subscribers across 84 countries. The Information publishes daily articles and does not have any ads on its site. In 2016, the Columbia Journalism Review reported that 10 of the 11 most highly valued tech companies subscribe to The Information.Source
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Zuckerberg Tells Facebook Staff He Expects Advertisers to Return ‘Soon Enough’

Zuckerberg Tells Facebook Staff He Expects Advertisers to Return ‘Soon Enough’

Facebook CEO Mark Zuckerberg told employees he was reluctant to bow to the threats of a growing ad boycott, saying in private remarks that “my guess is that all these advertisers will be back on the platform soon enough.” Zuckerberg gave his thoughts on the boycott, which now includes large brands like Starbucks and Coca-Cola, during a video town hall meeting last Friday, according to employees who attended. In the previously unreported remarks, Zuckerberg said the boycott is more of a “reputational and a partner issue” than an economic one, according to a transcript obtained by The...

July 5, 2020
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TikTok Agreed to Buy More Than $800 Million in Cloud Services From Google

TikTok Agreed to Buy More Than $800 Million in Cloud Services From Google

ExclusivePhoto: Image by ShutterstockFor years, Google Cloud has languished in third place in the cloud computing market, with fewer marquee customers to boast of than rivals Amazon Web Services and Microsoft. Last week, though, word surfaced of a buzzy new customer for Google Cloud—TikTok, the app for sharing short videos that is the year’s runaway social media hit. The deal is a lucrative one for Google Cloud, The Information has learned. In a three-year agreement signed in May 2019, TikTok committed to buying more than $800 million of cloud services from Google over that period,...

July 15, 2020
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Austin Emerges as a Hot Spot for Silicon Valley Investors

Austin Emerges as a Hot Spot for Silicon Valley Investors

Austin’s startup scene is getting a jolt of new capital, this time from a wave of investors transplanted from Silicon Valley.Since March, Sapphire Ventures, Draper Associates, 8VC and Breyer Capital have either opened an Austin office, hired a local partner or are considering an outpost there. Austin’s lack of a state income tax, plus its lower cost of living, is attracting venture capitalists and entrepreneurs, and a push toward remote work has spurred them to rethink where they live. Local venture firms are also expanding. Third Craft, a new firm backed by former Heinz CEO William...

September 30, 2020
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Six Startups Filling the Growing Need for Online Education

Six Startups Filling the Growing Need for Online Education

Startups to WatchPhoto: Top, l-r: Tyler Bosmeny, Dan Carroll and Rafael Garica of Clever; Amanda DoAmaral of Fiveable; Matthew Gross of Newsela. Bottom: Primer's Ryan Delk and Maksim Stepanenko; Encantos' Nuria Santamaría, Steven Wolfe Pereira, Susie Jaramillo and Carlos Hoyos; Guild Education's Rachel Carlson.Startups in educational technology, a growing sector often overlooked in the past, are now finding themselves near the front of the class. More than 60% of U.S. public school students in grades K-12 started the school year remotely, according to data service Burbio. These at-home...

September 28, 2020
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Quibi To Shutter in Stunning End to Ambitious Venture

Quibi To Shutter in Stunning End to Ambitious Venture

Photo: Actor Tye Sheridan, from left, with filmmaker Zach Wechter and Quibi chief product officer Tom Conrad during a keynote at CES in January. Photo by BloombergJeffrey Katzenberg’s video streaming service Quibi is shutting down, said a person familiar with the situation, bringing down the curtain on the short-form video streaming service just six months after it launched.The closure is a stunning end to Katzenberg’s hopes of creating a new category of video entertainment, short programs of a few minutes in length that could be watched on the go. Katzenberg, a former Disney executive who...

Oct 21
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The Tech Giants’ Cultures Are Incompatible With Fixing the Societal Problems They’re Causing

The Tech Giants’ Cultures Are Incompatible With Fixing the Societal Problems They’re Causing

OpinionPhoto: Art by Mike SullivanThe chief executives of Facebook, Google and Twitter are rightly under fire for their role in spreading disinformation and hate speech, including in the context of the U.S. presidential election.They’ve been summoned to testify before the U.S. Senate today in part about their responsibility for the real-world harms their business models are causing. But at the heart of the problems with big tech is an issue unlikely to be addressed: company culture. And yet company culture may be one of the biggest factors hindering the change so many critics want to...

Oct 28
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How Facebook, Google, Twitter Diverge in Defense of Tech’s Liability Shield

How Facebook, Google, Twitter Diverge in Defense of Tech’s Liability Shield

News AnalysisPhoto: Google CEO Sundar Pichai, Twitter CEO Jack Dorsey and Facebook CEO Mark Zuckerberg (l-r). Photo: BloombergWhen the chief executives of Facebook, Google and Twitter testify Wednesday before a Senate committee on how they control content on their services, they will argue against rolling back Section 230 of the Communications Decency Act, which shields internet companies from lawsuits over user-generated posts. That’s where their agreements may end.Much as with their diverse approaches to handling problematic posts involving everything from hate speech to unfounded...

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Oct 28
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Salesforce Goes After Slack: The Information’s Tech Briefing

Salesforce Goes After Slack: The Information’s Tech Briefing

The BriefingPhoto: Salesforce chief Marc Benioff. Photo by Bloomberg.Just in time for the holidays, we have a possible big enterprise software merger. Salesforce’s interest in buying Slack, first reported , shouldn’t come as a surprise to anyone. We could be a bidder for the workplace messaging service last January, along with several other companies (which raises the possibility of other bidders emerging).Slack is enormously popular among its users, but like a lot of popular products, it belongs to a smaller company that doesn’t have the scale to compete with bigger rivals. And its growth...

Nov 26
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Tech CEOs Are Saying Goodbye to San Francisco

Tech CEOs Are Saying Goodbye to San Francisco

ExclusivePhoto: Brex co-CEO Henrique Dubugras, Dropbox CEO Drew Houston and Splunk CEO Doug Merritt. Photos: BloombergSplunk, Dropbox and Brex followed similar formulas as they grew from small startups to established companies. To attract employees and customers, each set up elaborate San Francisco offices and plastered billboards for its services around the city. Dropbox three years ago leased a giant new office building on the city’s eastern edge. Fintech firm Brex even opened its own cafe in a neighborhood popular with venture capitalists.Now, all three companies embody a new trend:...

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Nov 23
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Coatue’s Newer Growth Funds Return More Than 45% Annually, Internal Data Show

Coatue’s Newer Growth Funds Return More Than 45% Annually, Internal Data Show

The private tech funds of Coatue Management, the New York hedge fund that’s become one of Silicon Valley’s biggest investors, have started to outpace the returns of rival VC firms in recent years as the size of those funds swelled, according to internal data reviewed by The Information. Coatue’s third venture growth fund, which it raised in 2017 to invest primarily in more-mature startups, posted a net internal rate of return of 47% as of last December, according to a May memo for prospective investors in its multibillion-dollar, fifth growth fund. That puts the 2017 fund, which includes...

Aug 20
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