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Ransomware Attacks on the Rise

Devastating ransomware attacks with the ability to cripple cities and businesses are on the rise, according to new data reported by The New York Times. Last year, 205,280 organizations turned in files that had been hacked via ransomeware, showing an increase of 41% from 2018, according to security firm Emisoft. Payments went up too, to an average of $84,116, double from what it was the previous...

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The Briefing markets google
For Tech CEOs, ‘Challenging’ Means Dismal
Photos by Bloomberg
Challenging! That’s the euphemism of the moment, used by way too many tech CEOs (including Tim Cook and Sundar Pichai tonight and Mark Zuckerberg and Evan Spiegel in recent days) to describe either 2022 or the current moment or both. Translated from corporate-speak into conversational English, it means business is bad. Just how bad became clear from the December-quarter results reported...
Latest Briefs
 
Stripe CFO Dhivya Suryadevara to Leave Company
Apple Revenue Declines as iPhone Sales Slide
Alphabet Revenue Growth Slowed Again in Q4
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Photos by Bloomberg
The Briefing markets google
For Tech CEOs, ‘Challenging’ Means Dismal
Challenging! That’s the euphemism of the moment, used by way too many tech CEOs (including Tim Cook and Sundar Pichai tonight and Mark Zuckerberg and Evan Spiegel in recent days) to describe either 2022 or the current moment or both.
YouTube CEO Susan Wojcicki. Photo by Bloomberg
Creator Economy google policy
YouTube’s Ad Revenue Falls Again; More U.S. Pressure on TikTok
A continued decline in YouTube ad revenue spells bad news for creators who earn money from the video-sharing site.
Photo Illustration by Shane Burke. Photos by Getty and Shutterstock
Exclusive
Musk’s Twitter Scores Super Bowl Deals, a Boon for Struggling Ad Business
After weeks of turmoil and layoffs, Twitter’s sales team in recent weeks has reorganized to focus more on big advertisers and launch new ad products, such as its recently released digital confetti.
Photo via Getty
Dealmaker venture capital
A New Bubble Is Forming for AI Startups, But Don’t Expect a Crypto-like Pop
Venture capitalists have dumped crypto and moved on to a new fascination: artificial intelligence. As a sign of this frenzy, they're paying steep prices for startups that are little more than ideas.
Illustration by Clark Miller.
Opinion startups
Stop Paying People So Much
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be.
Verily headquarters in San Francisco. Photo by AP.
Exclusive google
Revenues Rise at Alphabet’s Biggest ‘Other Bet’ But So Do Losses
Verily, by far the biggest Alphabet unit by revenue after Google, continues to post heavy losses, according to previously undisclosed financial information.