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The Briefing Google Apple
Big Tech's Boffo Performance
By Martin Peers · July 27, 2021 5:00 PM PDT
Alphabet CEO Sundar Pichai. Photo by Bloomberg.
Apple, Microsoft and Alphabet each reported impressively robust earnings results for the June quarter, demonstrating that these giant companies continue to go from strength to strength even as they face greater regulatory scrutiny. If there is any downside for the companies and their shareholders, it’s that the results will only concentrate critics’ minds about their sheer financial strength.It...
Latest Briefs
 
Airbnb Grilled By Lawmakers Over China Olympics Sponsorship
By Wayne Ma · July 28, 2021
Record Alphabet Earnings Fueled by Retail Ad Surge
By Sarah Krouse · July 27, 2021
Apple Posts 36% Growth in Revenue
By Martin Peers · July 27, 2021
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Matt Mochary. Illustration: Mike Sullivan
Venture Capital Startups
The Coach Behind the Coinbase and Robinhood CEOs
By Kate Clark
Matt Mochary was on a high. AngelList CEO Naval Ravikant had just told the leadership consultant and former startup founder that their 90-minute session had solved a problem Ravikant had been grappling with for decades.
Amazon streaming chief Mike Hopkins. Photos: AP; MGM
Exclusive Media/Telecom Amazon
Mike Hopkins Wants to Make Amazon a Hollywood Powerhouse. MGM is Just the Start.
By Jessica Toonkel
Mike Hopkins had barely gotten his Amazon employee badge when Prime Video, the streaming service he oversaw for the internet retailer, had a possible crisis on its hands.
Exclusive
Robinhood’s Biggest IPO Winners
By Kate Clark
When Robinhood was raising its early funding rounds, co-founder Baiju Bhatt kept a journal. In it were pages filled with the names of over 100 investors, most of them accompanied by an “X” mark to indicate they had passed on the investment, said an early investor who saw the journal.
Zhang Lei (left) and Neil Shen. Photos by Bloomberg; AP
Exclusive Venture Capital Asia
Sequoia Capital vs. Hillhouse: Inside China’s Fiercest Investor Rivalry
By Juro Osawa and Shai Oster
Last fall, Sequoia Capital China, the Silicon Valley VC firm’s affiliate led by investor Neil Shen, pledged to invest $400 million in a new funding round for Full Truck Alliance, China’s “Uber for trucks.” Days later, Zhang Lei, the rival head of private-equity giant Hillhouse Capital Group, flew to Nanjing, met Full Truck’s CEO over dinner and arranged a $110 million investment in the same round, according to a person familiar with the matter.
Illustration by Danielle Davis.
Markets
Boxed, BuzzFeed Debt Deals Show New Financing Option for SPAC Mergers
By Berber Jin
In early March, when online retailer Boxed decided to go public through a merger with a special purpose acquisition company, it expected to raise $150 million by selling equity.
Salesforce president and chief operating officer Bret Taylor at a Salesforce conference in 2019. Photo provided by Salesforce
Enterprise Startups
Bret Taylor Faces His Biggest Test at Salesforce
By Kevin McLaughlin
Five years ago, Salesforce paid $750 million to buy a startup called Quip that made an internet-based word processor and spreadsheet app meant to give Microsoft’s competing Office products a run for their money.