Musk’s Long Road to Mars: How Poor Planning Dogged the Development of SpaceX RocketRead Now

Briefing
venture capital startups real estate

More WeWork Fallout: Unhappy Investors in Startups It Acquired

By
Cory Weinberg
· · Source: The Wall Street Journal

WeWork’s troubles are writing a cautionary tale that could fill a book on corporate finance and startup investing lessons. The latest chapter is on what happens when startup investors are paid in stock when their companies are acquired by other private companies. WeWork paid for some of its recent acquisitions partially in stock at a per-share price that assumed WeWork was worth $47 billion. Now...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Creator Economy
The Questions Around Snap’s TikTok Clone After Top Exec Resigns
By Mahira Dayal · Feb. 7, 2023 3:22 PM PST
Ben Schwerin. Photo: Getty
After eight years at the company, Snap’s senior vice president of content and partnerships, Ben Schwerin, is departing to join Coatue Management as a general partner, my colleague Kate reported. Schwerin helped lead Snap’s Spotlight, the app’s TikTok clone launched at the end of 2020. His replacement will face the task of maintaining Spotlight’s growth as other rivals, such as Instagram’s...
Latest Briefs
 
Twitter’s Head of Revenue Strategy & Operations Departs
By Erin Woo · Feb. 7, 2023
Meta Beginning Effort to Trim Managerial Ranks
By Mark Matousek · Feb. 7, 2023
Zoom Lays Off 15% of Staff, CEO and Execs to Take Pay Cut
By Kevin McLaughlin · Feb. 7, 2023
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
The supplement stacks of 11 founders and investors. Photos courtesy of subjects.
The Big Read culture
The Supplement Stacks: All the Pills, Powders and Potions Filling Tech’s Kitchen Counters
By Annie Goldsmith and Margaux MacColl
When Courtney Reum wakes up in his Los Angeles home, it’s time to freeze, shake and dangle upside down.
Verily headquarters in San Francisco. Photo by AP.
Exclusive google
Revenues Rise at Alphabet’s Biggest ‘Other Bet’ But So Do Losses
By Jon Victor
Verily, by far the biggest Alphabet unit by revenue after Google, continues to post heavy losses, according to previously undisclosed financial information.
Art by Clark Miller.
The 1:1 google
‘We Just Have to Keep Winning’: A Sonos Executive With a Colorful History Goes to War Against Google
By Janko Roettgers
A few months into his job as chief legal officer of Sonos, Eddie Lazarus was ready to wage war. When Lazarus joined the audio hardware company in late 2018, it was facing growing competition from tech giants like Amazon and Google.
Photos via Adept Labs, Edmund Hillary Fellowship, Gantry ML, KIT Gründerschmiede, Sci Founders, Shutterstock, Stanford University, University of Central Florida, UC Irvine, UC Berkeley and YouTube.
Exclusive ai
OpenAI Is Making Headlines. It’s Also Seeding Talent Across Silicon Valley
By Jon Victor and Aaron Holmes
OpenAI has just 375 full-time employees, but its buzzy chatbot, ChatGPT, is shaking up Silicon Valley.
Illustration by Clark Miller.
Opinion startups
Stop Paying People So Much
By Marcus Ryu
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be.
John and Patrick Collison. Photos by Bloomberg.
markets startups
Stripe Walks Tightrope to Stay Private. Could Other Firms Follow?
By Cory Weinberg, Maria Heeter and Becky Peterson
Thirteen years after starting Stripe, chief executive Patrick Collison is raising his company’s largest ever slug of cash from venture capitalists.