Snap CEO Evan Spiegel Helped Create the Social Web as We Know It. Now He’s Sinking Under It.Read Now

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Jokr in Talks to Raise Up to $50 Million at $1.3 Billion Valuation
By Erin Woo · Sept. 3, 2022 10:02 AM PDT
A Jokr ad in New York last year. Photo by AP
Instant-delivery startup Jokr is in talks with investors to raise between $35 million and $50 million in Series C funding at a pre-money valuation of $1.3 billion, according to two people familiar with the company’s fundraising efforts. That represents a slight increase from its valuation of $1.2 billion set last December. The fundraising comes at a critical time for fast-delivery...
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Sacks Loses Subpoena Quash Motion in Twitter-Musk Case
By Martin Peers · Sept. 2, 2022
China’s Discount E-Commerce Giant Pinduoduo Launches U.S. Shopping Site
By Juro Osawa · Sept. 2, 2022
Shopify Issues Warnings to Merchants Using Amazon’s Buy with Prime
By Malique Morris · Sept. 1, 2022
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Art by Clark Miller
The Big Read
A Visionary Afloat: Snap CEO Evan Spiegel Helped Create the Social Web as We Know It. Now He’s Sinking Under It.
By Ryan Broderick
Evan Spiegel published his first blog post about Snapchat in 2012. Ten years later, it is still the most coherent description of an app that has proudly confused the tech world ever since.
Art by Mike Sullivan
Opinion venture capital
Venture Capital Isn’t the Problem—It’s Venture Capitalists
By Del Johnson
The market downturn has sent many tech company valuations into freefall, leading to questions about whether the venture model—based on the power law, the notion that a small number of mega-successful bets will outweigh a larger number of abject failures—can continue to replicate its past wins.
Illustration by Laurent Hrybyk.
startups culture
Tech Companies Tilt Power in Their Favor With Performance Reviews
By Mark Matousek and Malique Morris
Nearly six months ago, Shopify promised staffers it would raise everyone’s salary, hoping to keep people from jumping ship as their share-based pay slumped along with the company’s stock price.
George Kurtz, CEO of Crowdstrike. Photo by Bloomberg
Exclusive microsoft cloud
CrowdStrike CEO Plays Catch-Up in Israel as He Hunts For Security Deals
By Kevin McLaughlin and Aaron Holmes
In April, George Kurtz, CEO of CrowdStrike, the second-most valuable cybersecurity firm, traveled to Israel to meet with a number of startups it could invest in or acquire.
The People With Power at Amazon
Org Charts e-commerce amazon
The People With Power at Amazon
By Paris Martineau
There was a time when the core of Amazon’s management team remained stable for years on end. Just five years ago, the average tenure of then-CEO Jeff Bezos’ 17-person senior leadership team was 15 years.
Market Research culture
‘Like an Hour of Meditation in 10 Minutes’: How Tech Insiders Do Fitness Recovery
By Annie Goldsmith
Silicon Valley is always optimizing. We’ve heard about intermittent fasting, cryotherapy and microdosing, but the fix-it-before-it-breaks mindset also extends to workout recovery.