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

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The Briefing

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

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Recent Editions

Kevin Reilly, Lauren Zalaznick and Ross Levinsohn. Photo by Matt Vascellaro.

The Information Events

Tech and Media Divide Boils Over

By Tom Dotan · Mar 19, 2015 2:02pm PDT · 2 comments

People in the entertainment industry say they’re at peace over the tense relationship between tech and media. But it takes only a slight prodding into topics like advertising revenue, short-form video and the industry’s crack-like addiction to Netflix revenue to see that between California’s two great industries still lies some scars from the... People in the entertainment industry say they’re at peace over the tense relationship between...

Greylock Partners in Talks To Invest in Meerkat

By Tom Dotan and Amir Efrati · Mar 19, 2015 8:47am PDT · 11 comments

Greylock Partners is in talks to invest in app of the moment Meerkat, The Information has learned. VCs have been chasing the company since SXSW and the activity has formalized into a fundraising round. It is unclear where the valuation will land or whether Greylock will win the deal. But the talks are progressing quickly. Greylock Partners is in talks to invest in app of the moment Meerkat, The Information has...

Uber CEO Travis Kalanick. Photo by Bloomberg.

Uber, Tesla Energize Mapping Sector As Deal Buzz Spreads

By Amir Efrati · Mar 19, 2015 7:01am PDT · 1 comment

The digital mapping industry is suddenly the scene of intense activity, as new tech powerhouses like Uber and Tesla Motors as well as startups jostle to develop new mapping services to reduce their reliance on industry leader Google Maps. The fervor has fueled poaching of experienced mapping engineers and is stoking expectations of major... The digital mapping industry is suddenly the scene of intense activity, as new tech powerhouses...

TripAdvisor CEO Stephen Kaufer. Photo by Bloomberg.

In Battle for Online Travel Market, TripAdvisor Has Edge

By Martin Peers · Mar 18, 2015 1:02pm PDT

TripAdvisor CEO Stephen Kaufer. Photo by Bloomberg.

In Battle for Online Travel Market, TripAdvisor Has Edge

By Martin Peers · Mar 18, 2015 1:02pm PDT

Online travel bookings has to be one of the most commoditized and over-crowded markets on the Web. The points of differentiation tend to be which hotels a site represents, or the consumer-friendliness of its software, neither of which seem a long-lasting guarantee of success. That’s why TripAdvisor, the travel review site, deserves some... Online travel bookings has to be one of the most commoditized and over-crowded markets on the...

Art by Matt Vascellaro.

Q&A

After a Forgettable 2014, Juniper Networks Picks Up the Pieces

By Steve Nellis · Mar 18, 2015 7:00am PDT

The past year has been nothing but trouble for Juniper Networks, a maker of routers, switches and security gear. In addition to intensifying competition from startups like Big Switch Networks, not to mention dominant player Cisco Systems, major customers like Verizon cut spending. Juniper’s revenue fell marginally in 2014, forcing layoffs. Amid... The past year has been nothing but trouble for Juniper Networks, a maker of routers, switches and...

Charting by The Information; Data via company earnings, ComScore, eMarketer, Flurry

Mobile Revenue by the Minute

By Tom Dotan and Peter Schulz · Mar 17, 2015 10:00am PDT

As the online ad race turns to mobile, companies are under pressure to make money from each minute people spend on their apps. So, The Information calculated how much money leading tech companies are making per minute spent within their apps. (It’s in the micropennies but useful nonetheless.) What it shows is that while Twitter occupies a tiny... As the online ad race turns to mobile, companies are under pressure to make money from each...

Lending Club CEO Renaud Laplanche. Photo by Bloomberg.

Public Markets Cool on Online Lenders

By Tom Dotan · Mar 17, 2015 7:00am PDT

Lending Club’s successful IPO last December was supposed to be the breakout moment for the fast-growing online lending sector. Instead the period since the debut has turned into a lull that highlights how these businesses are more closely tied to macroeconomic activity than other rising tech companies. And it suggests that those investors who... Lending Club’s successful IPO last December was supposed to be the breakout moment for the...

Art by Myk Klemme.

Announcing Research Topics and Other Updates

By Myk C. Klemme · Mar 16, 2015 12:36pm PDT · 1 comment

Art by Myk Klemme.

Announcing Research Topics and Other Updates

By Myk C. Klemme · Mar 16, 2015 12:36pm PDT · 1 comment

We wake up everyday focused on finding new ways to get you the information you need to get ahead. Today, we launched Research Topics—a tool to help you research companies, people and technologies via The Information articles and data. Our goal for this feature is to reveal non-apparent connections among data to inform you in new ways. You can... We wake up everyday focused on finding new ways to get you the information you need to get ahead....

Facebook COO Sheryl Sandberg. Photo by Bloomberg.

Mobile Ad World Braces for Facebook’s Move Into Measurement

By Amir Efrati · Mar 16, 2015 7:00am PDT

Facebook next week is expected to announce a tool to help mobile app developers measure whether an ad caused people to download an app, a move designed to help entrench Facebook’s tech across the online ad industry. Several people briefed about the technology told The Information about the service, which is expected to be announced at Facebook’... Facebook next week is expected to announce a tool to help mobile app developers measure whether...

What We Can Learn from Israel

By Jessica E. Lessin · Mar 13, 2015 10:31am PDT

Hello from Jerusalem. It’s just a few days before the elections here, and I was fortunate to spend the last week in the country with a group of U.S. entrepreneurs meeting Israeli entrepreneurs, political leaders and The Information subscribers from Jerusalem, Tel Aviv and Ramallah. It’s been an amazing trip. We met President Reuven Rivlin, who... Hello from Jerusalem. It’s just a few days before the elections here, and I was fortunate to...

Apple CEO Tim Cook. Photo by Bloomberg.

Behind Apple’s Openness is Desire for Data Center Help

By Steve Nellis and Amir Efrati · Mar 13, 2015 7:00am PDT

Apple may be unrivaled in making consumer hardware, but in cloud-based services, it’s an also-ran that has been forced to outsource certain functions while struggling to retain talent. This week’s decision to join a Facebook-backed industry group dedicated to sharing data-center hardware designs is aimed at making Apple more competitive in the... Apple may be unrivaled in making consumer hardware, but in cloud-based services, it’s an also-ran...

Photo by Bloomberg.

Wi-Fi’s Threat To Cellular May Be Overstated

By Martin Peers · Mar 12, 2015 10:00am PDT · 3 comments

Photo by Bloomberg.

Wi-Fi’s Threat To Cellular May Be Overstated

By Martin Peers · Mar 12, 2015 10:00am PDT · 3 comments

One of the subtle jokes in Woody Allen’s 1972 pre-mobile phone era film “Play It Again, Sam” concerns a character’s habit of calling his office to pass on the various phone numbers at which he can be reached through the day. Its a joke that might become relevant again as Wi-Fi based wireless services, requiring people to plan ahead for Wi-Fi... One of the subtle jokes in Woody Allen’s 1972 pre-mobile phone era film “Play It Again, Sam”...

JK Shin, CEO of Samsung's mobile division, at Mobile World Congress last week. Photo by Bloomberg.

The Smartphone Giveth and the Smartphone Taketh Away

By Amir Efrati · Mar 12, 2015 7:00am PDT · 3 comments

Falling prices of smartphones are causing a shakeup in the hardware part of the industry, opening the door to upstart phone brands, component makers and in some cases to also-rans in the mobile chip world, like Intel. Falling prices of smartphones are causing a shakeup in the hardware part of the industry, opening...

Art by Matt Vascellaro.

Q&A

Are There Any Good Deals Left in Digital Publishing?

By Tom Dotan · Mar 11, 2015 10:01am PDT · 1 comment

The key for a media company trying to reinvent itself during this digital era is to have a strategy. And, preferably, one that works. The problem is, nobody really knows which ones do. But there are no lack of glittering lures. Companies like BuzzFeed and Vice have raised big money at enormous valuations by selling themselves as quasi-ad... The key for a media company trying to reinvent itself during this digital era is to have a...

Jay Parikh, vice president of engineering at Facebook. Photo by Steve Nellis.

Why Cisco’s Biggest Threat May Be Facebook

By Steve Nellis · Mar 11, 2015 7:01am PDT

Hewlett-Packard and Dell are poised to open a new front in their battle with Cisco Systems over networking gear, thanks to the rise of open-source hardware. And H-P and Dell will likely field some powerful weapons from an unlikely source: Facebook. On Tuesday, Facebook announced it would make available to an open-source group its internal design... Hewlett-Packard and Dell are poised to open a new front in their battle with Cisco Systems over...

Apple CEO Tim Cook on Monday. Photo by Bloomberg.

There Are No More Secrets

By Amir Efrati · Mar 10, 2015 10:01am PDT · 3 comments

Apple CEO Tim Cook on Monday. Photo by Bloomberg.

There Are No More Secrets

By Amir Efrati · Mar 10, 2015 10:01am PDT · 3 comments

There are very few big secrets in Silicon Valley. The major software platform companies of today—Google, Apple, Facebook and Amazon.com—partner and compete with each other in various configurations. When they expand into new businesses, they do so with the same partners. As a result, people who work for one of the companies increasingly know... There are very few big secrets in Silicon Valley. The major software platform companies of today...

Snapchat’s Tough Road To Becoming a Music Service

By Tom Dotan · Mar 10, 2015 7:01am PDT

The music labels have had a frustrating relationship with social media over the years. The most-followed accounts on Twitter or Facebook belong to musicians such as Katy Perry and Justin Timberlake, but the music industry has never managed to turn that reach into the meaningful revenue it so desperately needs. But music companies live in hope.... The music labels have had a frustrating relationship with social media over the years. The...

Tech’s Advertising Efficiency Gap

By Martin Peers · Mar 9, 2015 10:00am PDT

If there’s one industry outside of tech that should be happy about Apple’s release of its smartwatch, it’s Madison Avenue. That’s because the new product launch will force Apple to spend a little more money on marketing. As the accompanying chart shows, Apple spent just 0.67 percent of its revenues on advertising in its fiscal 2014 year, the... If there’s one industry outside of tech that should be happy about Apple’s release of its...

Art by Sam Lessin.

Modest Proposals

Why Tech Comp is Broken and Ideas To Fix It

By Sam Lessin · Mar 9, 2015 7:00am PDT · 9 comments

A handful of trends are causing the historical Silicon Valley model of compensation to fail employers and employees. I am not entirely sure how to fix it. But I believe that at least part of the solution will be a move away from equity compensation and toward a heavier reliance on cash bonuses. As is widely understood, traditional startups... A handful of trends are causing the historical Silicon Valley model of compensation to fail...

The Apple Watch Upgrade Issue

By Jessica E. Lessin · Mar 6, 2015 10:54am PST

The Apple Watch Upgrade Issue

By Jessica E. Lessin · Mar 6, 2015 10:54am PST

After Monday’s expected Apple Watch event, plenty of people will be talking about whether to buy the highly anticipated gadget now or wait for future models. One important consideration often overlooked in such discussions: how quickly shoppers will tire of the one they buy. Imagine the iPhone you used four years ago. Then imagine using it... After Monday’s expected Apple Watch event, plenty of people will be talking about whether to buy...