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The Briefing
The New Uber, Google Founders’ Letter: The Information’s Tech Briefing
By The Information Staff · Aug. 6, 2020 6:45 PM PDT

In a sign of the times, Uber said Thursday its restaurant-food delivery revenue surpassed ride-hailing for the first time. Uber Eats revenue rose 103%, to $1.2 billion in the June quarter, and its profit margin—at negative 19%—was the unit’s best in many quarters. Ride-hailing generated just $790 million, down 67% due to pandemic shutdowns.

Uber’s management, starting ...

Latest Briefs
 
Tencent Stock Hit by Trump’s U.S. WeChat Ban
By Juro Osawa · Aug. 7, 2020
White House: Delist Chinese Companies That Don’t Follow U.S. Audit Requirements
By Shai Oster · Aug. 6, 2020
Trump Issues Executive Order Setting 45-Day Deadline for Microsoft-TikTok Deal
By Christopher Stern · Aug. 6, 2020
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True Value Startups Asia
Microsoft’s Talks to Buy TikTok Follow Headwinds for Investor Plan
By Jessica E. Lessin and Ross Matican
Microsoft is in serious talks to acquire TikTok, the hugely popular Chinese-owned video app, The Information has confirmed, after separate talks for a U.S.
Exclusive Venture Capital Startups
Startup HeadSpin to Return Funding After Probe of Financial Statements
By Kate Clark
HeadSpin, a mobile app testing company recently valued at $1.16 billion, plans to return up to $95 million in funding to investors after an internal review of financial irregularities forced it to restate its financials.
Google Facebook
Tech in 2023: What Will and Won’t Have Changed
By The Information Staff
The coronavirus will have a lasting impact on business. But from where we sit today, it is difficult to tell which of the changes sparked by the pandemic will be temporary and which permanent.
Exclusive Startups E-commerce
Casper’s Sleep Troubles
By Zoë Bernard
Hours after Casper Sleep executives rang the bell at the New York Stock Exchange to inaugurate the mattress maker’s initial public offering in early February, the mood at the company’s downtown New York offices was celebratory.
Exclusive Travel Google
Airbnb’s New Strategy: Living Without Google
By Cory Weinberg
Employees who worked on Airbnb’s marketing team in recent years have sometimes pondered a tantalizing question: What would happen to the company’s growth if it stopped spending hundreds of millions of dollars a year on ads that appear high up in Google search results?
Startups to Watch Venture Capital Startups
Four Startups Helping You Network in a Virtual World
By Kate Clark
A new spate of startups is building video communication and virtual event software for the coronavirus era.