The Briefing by Martin Peers, Jessica Lessin and the team at The Information

Five times/week

The Briefing

By Martin Peers, Jessica Lessin and the team at The Information

Get smarter about the day’s news in tech, media and finance by following Silicon Valley’s most-read executive newsletter.

By providing your email, you agree to The Information’s Privacy Policy

Recent Editions

Cyanogen CEO Kirt McMaster. Photo by Flickr/Web Summit.

Executive Shuffle at Cyanogen Amid Challenges

By Amir Efrati · Jun 9, 2016 2:26pm PDT · 3 comments

Cyanogen’s prospects for challenging Google’s domination of the Android mobile operating system are dimming.Several senior managers have departed the high-profile Android software startup in recent weeks, as the firm struggles to show it can offer a differentiated version of Android of value to app developers. Google has updated... Cyanogen’s prospects for challenging Google’s domination of the Android mobile...

Online web personality Wang Weiying broadcasting a live stream from a Beijing cafe. Photo by AP.

Lessons from China’s Live Stream Bubble

By Zara Zhang · Jun 9, 2016 7:01am PDT · 3 comments

Every few years, China’s tech industry sees a new bubble: a few years ago, it was Groupon-like services; then it was “O2O” (online-to-offline). Now Chinese investors are speaking of a bubble in live streaming apps, which number in the hundreds.Open any of these—popular ones include Inke or Huajiao—and you’ll... Every few years, China’s tech industry sees a new bubble: a few years ago, it was...

This is our view!

Become The Information’s Graphics Editor

By The Information Staff · Jun 8, 2016 1:27pm PDT

About UsThe Information, is a San Francisco-based business publication known for original, in-depth reporting about the technology industry. We’re the go-to daily read for the most important people in technology and business. And we are building a one-of-a kind community of subscribers. We have a sustainable business, plenty of capital and... About UsThe Information, is a San Francisco-based business publication known for original,...

Indian Prime Minister Narendra Modi presenting an award to Amazon CEO Jeff Bezos in Washington on Tuesday. Photo by AP.

Next Front in India’s E-Commerce War: Smaller Cities

By Cory Weinberg · Jun 8, 2016 11:57am PDT · 1 comment

Indian Prime Minister Narendra Modi presenting an award to Amazon CEO Jeff Bezos in Washington on Tuesday. Photo by AP.

Next Front in India’s E-Commerce War: Smaller Cities

By Cory Weinberg · Jun 8, 2016 11:57am PDT · 1 comment

Hoping to regain momentum in India’s tough e-commerce war, Flipkart is looking to partner with shopkeepers in India’s smaller cities. In doing so, Flipkart hopes to win over tens of millions of people not accustomed to shopping online.Flipkart will soon let people living in the country’s small and midsized cities get goods they... Hoping to regain momentum in India’s tough e-commerce war, Flipkart is looking to partner...

Vista Equity Partners CEO Robert Smith. Photo by Bloomberg.

Private Equity Pushes Up Prices for Software Firms

By Steve Nellis · Jun 8, 2016 7:01am PDT

With three subscription software firms—Ping Identity, Marketo and Demandware—changing hands in recent weeks, it seems a long-awaited consolidation in subscription software is in full swing. But instead of other software companies, it’s private equity firm Vista Equity Partners driving the dealmaking, buying Ping and Marketo for... With three subscription software firms—Ping Identity, Marketo and Demandware—changing...

Source: DataFox

Uber and Didi’s Cash Race

By Amir Efrati and Peter Schulz · Jun 7, 2016 11:20am PDT · 2 comments

The cash being raised by the world’s top two ride-sharing companies, Uber and China-based Didi Chuxing, is breaking records for private-company financing. Last week Uber said it had raised $3.5 billion from a Saudi Arabia fund, bringing its 2016 fundraising total to $5.7 billion, according to Datafox. Almost immediately Didi’s... The cash being raised by the world’s top two ride-sharing companies, Uber and China-based...

Alphabet CEO Larry Page. Photo by Bloomberg.

Nest Without Fadell Heads Down a Tighter Path

By Reed Albergotti · Jun 7, 2016 7:01am PDT · 1 comment

Employees at Nest had the weekend to cool off, following news of co-founder Tony Fadell’s abrupt departure on Friday. But questions still remained on Monday about Alphabet CEO Larry Page’s new marching orders for the company.As Mr. Page ponders what to do with Nest, he has to balance two conflicting factors. Nest remains one of the... Employees at Nest had the weekend to cool off, following news of co-founder Tony Fadell’s...

Vice CEO Shane Smith. Photo by Bloomberg.

Questions Grow on Digital Media Valuations

By Tom Dotan · Jun 6, 2016 10:01am PDT · 2 comments

Vice CEO Shane Smith. Photo by Bloomberg.

Questions Grow on Digital Media Valuations

By Tom Dotan · Jun 6, 2016 10:01am PDT · 2 comments

In the last 12 months, a rush of investments in digital media companies has pumped up valuations. Disney invested in Vice at a $4 billion valuation, the same value it paid for Star Wars’ maker Lucasfilm in 2012. NBCUniversal invested in BuzzFeed at a $1.5 billion valuation. A handful of other online publishers got valuations in the... In the last 12 months, a rush of investments in digital media companies has pumped up valuations....

Art by Sam Lessin.

Modest Proposals

Era of Lean Startups Nears an End

By Sam Lessin · Jun 6, 2016 7:01am PDT · 12 comments

After about a decade of lean, capital-efficient startups, I believe we’re moving back toward a world of more expensive startups with higher initial capital requirements.That’s not necessarily a bad thing, but it will change power dynamics between founders and investors and put pressure on incubator models. It means that the... After about a decade of lean, capital-efficient startups, I believe we’re moving back...

The Weekly Digest

The Information You Missed This Week

By The Information Staff · Jun 4, 2016 8:02am PDT

Good Morning!There’s not too many surprises in Silicon Valley these days, what with all the leaks from big companies. But Tony Fadell’s sudden departure from Nest on Friday certainly caused a jolt. Good Morning!There’s not too many surprises in Silicon Valley these days, what with all the...

The Information’s 411 — Whistleblowers

By Tom Dotan · Jun 3, 2016 3:59pm PDT

Reed talks about Google's employee policies that prevent workers from talking to the media. Cory explains the promise and disappointment of buy buttons on social networksYou can find our RSS feed here or subscribe via iTunes and SoundCloud. Reed talks about Google's employee policies that prevent workers from talking to the media....

Nest's new CEO Marwan Fawaz, center. Photo by Flickr/The Cable Show.

New Nest Boss is Big Company Cable Guy

By Steve Nellis and Jessica E. Lessin · Jun 3, 2016 2:48pm PDT

Nest's new CEO Marwan Fawaz, center. Photo by Flickr/The Cable Show.

New Nest Boss is Big Company Cable Guy

By Steve Nellis and Jessica E. Lessin · Jun 3, 2016 2:48pm PDT

In hiring Marwan Fawaz to run Nest, Google is bringing in a leader who has the polar opposite DNA of Tony Fadell. While Mr. Fadell is a startup consumer product guru, Mr. Fawaz is a big company, B2B executive who is a veteran of the cable TV industry.While Mr. Fadell is a product showman who likes the spotlight, Mr. Fawaz is a low-profile... In hiring Marwan Fawaz to run Nest, Google is bringing in a leader who has the polar opposite DNA...

Tony Fadell. Photo by Bloomberg.

Tony Fadell Leaving Nest

By Jessica E. Lessin and Reed Albergotti · Jun 3, 2016 1:06pm PDT · 1 comment

Tony Fadell’s abrupt departure as CEO of Nest offers Alphabet an opportunity to reboot the troubled connected-home unit, hopefully salvaging something from the $3.2 billion purchase two years ago. One question is whether Alphabet will take that opportunity or instead cut its losses and sell.The choice of Marwan Fawaz, a low-profile veteran... Tony Fadell’s abrupt departure as CEO of Nest offers Alphabet an opportunity to reboot the...

Our Top Comments of the Week

By The Information Staff · Jun 3, 2016 12:17pm PDT

Here are this week’s top comments as selected by our reporters and editors. Here are this week’s top comments as selected by our reporters and editors.

Uber CEO Travis Kalanick. Photo by Bloomberg.

Silicon Valley: It’s Time to Look in the Mirror

By Jessica E. Lessin · Jun 3, 2016 7:01am PDT · 6 comments

Last week, I argued that the public was too quick to pounce on tech companies and leaders for pursuing hidden agendas against the media. This week, I want to talk about how tech leaders are making their image problems worse.It’s plain to everyone that there is a huge and widening gap between the tech titans of today and ordinary people.... Last week, I argued that the public was too quick to pounce on tech companies and leaders for...

The Information reporters Cory Weinberg, left, and Tom Dotan, at our recent New York Subscriber Summit. Photo by Chris Fargo.

Join The Information’s Expanding Reporting Team!

By The Information Staff · Jun 2, 2016 3:19pm PDT

The Information reporters Cory Weinberg, left, and Tom Dotan, at our recent New York Subscriber Summit. Photo by Chris Fargo.

Jobs@TheInformation

Join The Information’s Expanding Reporting Team!

By The Information Staff · Jun 2, 2016 3:19pm PDT

Want to have a real impact with your journalism? Tired of writing five stories a day? Looking to do more than rewrite the latest press release? Then The Information might be for you.The Information is looking for reporters in New York, San Francisco and Los Angeles for several different new beats, including the future of the auto industry;... Want to have a real impact with your journalism? Tired of writing five stories a day? Looking to...

Information Score = More Optimistic - Less Optimistic

Subscriber Survey

Subscribers Sour on Tech and Economy

By Peter Schulz and Steve Nellis · Jun 2, 2016 11:48am PDT · 1 comment

The Information’s subscribers soured on both the technology sector and the overall economy in the past month, our latest subscriber survey showed. On balance, though, subscribers remain positive toward tech even as they turned slightly negative toward the economy.Tech got a sentiment score of 15.2% while the general economy clocked in at... The Information’s subscribers soured on both the technology sector and the overall economy...

Nest CEO Tony Fadell. Photo by Bloomberg.

Former Nest Employee Takes Aim at Google’s Media Policy

By Reed Albergotti · Jun 2, 2016 7:00am PDT

A National Labor Relations Board complaint lodged against Google and Nest recently by a former Nest employee has raised the prospect that tech firms could be forced to change confidentiality rules to allow employees to talk publicly about working conditions.The complaint was filed May 17 by a former Nest product manager who was fired by Nest in... A National Labor Relations Board complaint lodged against Google and Nest recently by a former...

SpaceX CEO Elon Musk. Photo by Bloomberg.

SpaceX’s Share Price Climbs Further

By Alfred Lee · Jun 1, 2016 3:56pm PDT

SpaceX shares recently sold at a price 24% higher than the last fundraising round, a securities filing by Fidelity Investments indicates, a price that would value the firm at close to $15 billion. It suggests that SpaceX shares have continued to rise in the secondary market and likely explains why Fidelity marked up its stake in the company to... SpaceX shares recently sold at a price 24% higher than the last fundraising round, a securities...

IFTTT CEO Linden Tibbets. Art by Matt Vascellaro.

IFTTT: The Would-Be Lynchpin of the Connected Home

By Steve Nellis · Jun 1, 2016 7:00am PDT · 5 comments

IFTTT CEO Linden Tibbets. Art by Matt Vascellaro.

The Big Interview

IFTTT: The Would-Be Lynchpin of the Connected Home

By Steve Nellis · Jun 1, 2016 7:00am PDT · 5 comments

In the tech world, which apps or devices will work with each other usually gets decided by the companies who make them. If you want to post an Instagram photo to Twitter, for instance, you’ll have to do so from separate apps. But startup IFTTT lets you connect the two so that whenever you Instagram something, it goes out to your Twitter... In the tech world, which apps or devices will work with each other usually gets decided by the...