Jack Ma, the iconic founder of Chinese e-commerce giant Alibaba, is leaving the board of SoftBank amid record losses and a massive buyback program to prop up its shares. The resignation caps one of the most successful investments in venture capital history. SoftBank founder Masayoshi Son invested $20 million in Alibaba nearly 20 years ago, a stake now worth around $120 billion– more than...
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The Briefing
Internet Outages, Verizon and Value: The Information’s Tech Briefing
If you’re on the East Coast, you might have experienced the internet outage this morning that played havoc with Zoom calls, Gmail and other everyday working tools. Unlike previous outages, this wasn’t caused by a cloud provider like AWS or a specific application like Slack but by Verizon, which owned up to a “fiber cut” in Brooklyn. It’s a reminder of the critical...
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