LAS VEGAS—When Amazon Web Services CEO Andy Jassy took the stage at the cloud giant’s annual re:Invent sales conference here this week, he showed a slide with a photo of an IBM mainframe sitting in a driveway, along with boxes labeled Oracle and Microsoft. The joke—part of a long tradition of Jassy slinging barbs at rivals at the event—was that the companies’ ...

Twenty-one years after founding Google, Larry Page and Sergey Brin announced on Tuesday they would be stepping down from their leadership roles at the company. Page will no longer serve as the CEO of Alphabet, the holding company of Google and its ambitious endeavors known as “Other Bets.” And Brin will step down as Alphabet’s president. 

Though the co-founders still hold ...

DoorDash, an on-demand food delivery firm most recently valued at $12 billion which plans to go public next year, expects to lose $450 million this year—but it is faring better than its main rivals, such as Uber Eats.

The financial picture—including projections that DoorDash’s net revenue will be between $900 million and about $1 billion this year—are likely to be ...

The days of Alphabet, the Google parent company that Larry Page and Sergey Brin created as a playground for ambitious new bets, may be numbered. 

Before Uber became the poster child for public investors’ aversion to money-losing tech companies, Chinese on-demand services giant Meituan went through a similar experience. But it figured out how to win over investors.

In the four months after its September 2018 IPO, Meituan stock fell 40% as investors balked at mounting losses from its mix of food delivery, travel booking and ...

A broad-based belief in Silicon Valley is that new opportunities for social networks occur only with “platform shifts,” such as the growth of mobile. Only then, so this theory goes, do consumers have the cognitive bandwidth and interest to seek out new social products—and can  budding networks find cheap enough distribution avenues to grow efficiently.

This dogma is ...

At Airbnb’s board meeting two weeks ago, one topic took center stage: how to contain accelerating costs. It is a question that until relatively recently received scant attention inside Silicon Valley’s big-name startups. But a string of rejections by the public markets of some of the tech industry’s superstars has prompted companies once primarily concerned with rapid growth ...

We don’t just write about the latest tech news here at The Information. Like most of our subscribers, we’re avid users of the tech industry’s products in our personal lives, from the newest smart home gadgets to fitness devices. 

Below are 10 products and services that would make great gifts this holiday. We describe them generously as “tech” products, but ...

ByteDance, the Chinese company behind the wildly popular TikTok video app, is looking to borrow around $2 billion from banks, according to people familiar with the matter. The money would add to ByteDance’s war chest as TikTok challenges Facebook and Snapchat in the U.S. and other parts of the world. 

The latest fundraising comes as ByteDance, the world’s most highly valued ...

Rep. Bill Foster might be the only member of Congress who writes computer code in his spare time. The holder of a Ph.D. in physics from Harvard, Foster stood out among his fellow representatives during testimony by Facebook CEO Mark Zuckerberg last month, with questions that revealed a detailed knowledge of cryptocurrency.

The suburban Chicago Democrat zeroed in on what he believes is a ...

In reporting, we all talk about the importance of getting out of our bubbles—which in my case means leaving Silicon Valley to spend time on the ground in New York, Los Angeles, Hong Kong and beyond. 

The value of doing so was crystal clear this week as I sat across from producer Jason Blum to chitchat about the future of Silicon Valley, Hollywood and the relationship between the two. ...

Union Square Ventures earned its reputation as a top venture fund by making early bets on Twitter, Zynga and Tumblr. And in recent years, the firm has maintained its performance, remaining one of the top performing venture firms in the industry, internal data show.

Three USV funds raised in 2012, 2014 and 2016 showed net internal rates of return of 32%, 21% and 32% through June 30 of last year, ...