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Affirm Stock Opens 86% Above IPO Price

Shares of commercial lender Affirm soared in early trading Wednesday, opening at $90.90 and climbing as high as $103. Affirm’s opening price was 86% higher than its $49 initial public offering price, a first-day pop that raises the question of whether its stock was underpriced. Affirm’s opening price implies a market capitalization of $22 billion, representing a 661% premium to its $2.9...

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How to Curb Tech Executives’ Power
How to Curb Tech Executives’ Power
This is the month that net neutrality died. But maybe, if we strengthen other checks on the power of tech and telecom company executives, we don’t need to mourn its loss. I believe the inevitable outcome of the horrifying political violence on January 6 is that content noninterference will soon become a fringe position. With each new incident of violence, calls for deplatforming by...
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How Blocking Trump Puts the Future of the Internet at Risk
Modest Proposals Policy Facebook
How Blocking Trump Puts the Future of the Internet at Risk
The move by social networks to deplatform President Trump last week was the right call. In reality, he left Facebook and Twitter no other choice.
The Information’s Return to the Office Tracker
Startups COVID-19
The Information’s Return to the Office Tracker
Of the companies most opposed to continuing remote work after the pandemic fades, Netflix stands out for the intensity of its stance.
Sequoia Buys Shares in Elusive Startup Zapier at Multibillion-Dollar Valuation
Exclusive
Sequoia Buys Shares in Elusive Startup Zapier at Multibillion-Dollar Valuation
Zapier isn’t a household name outside Silicon Valley, but the world’s top venture capitalists have long been trying to own a piece of the booming enterprise software firm.
Apple Plans Podcasting Subscription Service in Threat to Spotify
Exclusive Media/Telecom Entertainment
Apple Plans Podcasting Subscription Service in Threat to Spotify
Apple—long considered the sleeping giant in the podcast space—is waking up. The company, which runs the most widely used podcasting app in the industry, is discussing launching a new subscription service that would charge people to listen to podcasts, according to people familiar with the matter.
Snap Names New Content Leader in Push to Counter TikTok
Exclusive Media/Telecom Google
Snap Names New Content Leader in Push to Counter TikTok
Snap has promoted executive Ben Schwerin to be its new senior vice president of content and partnerships, a move that signals the company’s ambitions to compete more aggressively with TikTok and to cut more deals with media companies and app developers.
Meet the Former Googler Trying to Make VMware Cool to App Developers
The Big Interview Enterprise Cloud
Meet the Former Googler Trying to Make VMware Cool to App Developers
When Craig McLuckie was a product manager at Google several years ago, he helped create Kubernetes, software that later became a widely used open-source tool for managing some of the most demanding online applications.