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Salesforce Shares Rise on Strong Pandemic Performance

By Kevin McLaughlin
· · Source: The Information

Salesforce’s business continues to do well during the Covid-19 pandemic, with revenue growing 29% to $5.15 billion in its July quarter compared to last year–marking the first time the 21-year-old company has surpassed the $5 billion mark in a single quarter. Salesforce shares jumped 14% in after-hours trading. On an earnings call, Chairman and CEO Marc Benioff was asked to comment on Microsoft...

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This week, Tom and Jessica broke the news that Quibi founder Jeffrey Katzenberg had told people the video startup might have to shut down and then—a day later—reported the shutdown officially.

I’m very proud of their excellent work, and I have to admit that I have a love-hate relationship with digital media startup stories. I am, after all, a digital media founder. And in ...

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Katzenberg May Shut Down Quibi as Options Run Short
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Katzenberg May Shut Down Quibi as Options Run Short
By Tom Dotan and Jessica Toonkel
Jeffrey Katzenberg may be nearing the end of the road with his mobile video streaming service Quibi.
Quibi to Shutter in Stunning End to Ambitious Venture
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Jeffrey Katzenberg’s video streaming service Quibi is shutting down, said a person familiar with the situation, bringing down the curtain on the short-form video streaming service just six months after it launched.
The Investors Who Face Big Losses From the Quibi Collapse
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The Investors Who Face Big Losses From the Quibi Collapse
By Tom Dotan and Jessica Toonkel
On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago.
Quibi’s Short Life and Sudden Death: The Information’s Tech Briefing
The Briefing
Quibi’s Short Life and Sudden Death: The Information’s Tech Briefing
By The Information Staff
The sudden death of Quibi, the short-form video streaming service launched by Hollywood veteran Jeffrey Katzenberg six months ago, is sure to generate plenty of “I-told-you-so’s” from people in the entertainment and tech industries.
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As WarnerMedia CEO Jason Kilar overhauls the media firm to make it more digitally savvy and consumer focused, he is expected to zero in on its news and sports business, particularly CNN, for a shakeup, according to people familiar with the situation.
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Airbnb Taps Jony Ive for Design Help
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