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Cloud Enterprise

Snowflake to Sell Database Software on Google Cloud

Snowflake, a startup that sells its database software through cloud providers Amazon Web Services and Microsoft Azure, announced it will start selling it on Google Cloud early next year. This is the first major news from Snowflake since its surprising decision to switch CEOs last month, replacing longtime leader Bob Muglia with enterprise tech industry veteran Frank Slootman, who was presumably...

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The Briefing
Lemonade’s IPO Lesson: The Information’s Tech Briefing

Next time a venture capitalist like Bill Gurley complains about the IPO process, expect them to use Lemonade’s IPO as Exhibit A. The insurance tech firm priced its IPO at $29 a share this week, implying a market capitalization well below its most recent private valuation of $2.1 billion.

Yet when Lemonade stock started trading Thursday morning, it quickly shot up to $65 and ended up ...

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Intel Buys Stake in Amabani’s Jio Platforms
Away CEO Steph Korey Will Step Down Again Within the Year
Senate Committee Passes Bill Targeting Tech’s Legal Immunity
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