Markets

Nextdoor Stock Climbs Nearly 30% in Public Debut

Shares of Nextdoor rose 30% on the company’s opening day of trading as a public company. The neighborhood social network company went public after completing a merger with Khosla Ventures Acquisition Co. II, a special purpose acquisition company, on Friday. Nextdoor says it is used by customers in more than 280,000 neighborhoods in 11 different countries. The company primarily generates...

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Crypto Global Crypto
YouTube Explores NFTs for Creators; Recur Sells NFTs From Big Brands
YouTube CEO Susan Wojcicki. Photo by Bloomberg. Art by Mike Sullivan.
YouTube is the latest social media giant exploring ways to integrate non-fungible tokens (NFTs). The details are vague, but Susan Wojcicki, CEO of the video platform, said in a blog post on Tuesday that the platform is looking ahead at ways it can help YouTube creators take advantage of the increasingly popular digital collectibles.On the surface, it seems routine for another social media...
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Diem, the Crypto Project Backed by Meta Platforms, in Talks to Sell Assets
Chinese Search Giant Baidu’s Electric Car Unit Raises $400 Million
Spotify Partners With Stripe to Expand Podcasts
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Microsoft's Chetan Nyak. Photo by Microsoft. Art by Mike Sullivan
The Big Interview Venture Capital Startups
Microsoft Quantum Computing Executive Sees Progress After Lagging Rivals
For more than 15 years, researchers at Microsoft have been chasing the idea of building a better quantum computer, an ultrapowerful machine that promises to accelerate everything from drug discovery to the development of electric batteries.
Art by Haejin Park. Photo courtesy Caroline Spiegel.
The Big Read Startups Culture
Caroline Spiegel’s Porn Revolution
Birds chirp and wind rustles through leaves—the sounds of early fall. “Man, it’s beautiful out here,” remarks a deep, crackly male voice.
Art by Mike Sullivan
Exclusive Venture Capital Startups
Tech’s Great Headhunter Shortage: Employers Shower Recruiters With Better Pay, Benefits
In the middle of 2020, not long after the Covid-19 pandemic began sparking layoffs across the country, Joe Price watched as eight members of the recruiting department at an automotive software company he worked for lost their jobs.
Susanne Daniels. Photo by Bloomberg. Art by Mike Sullivan
Opinion Media/Telecom Entertainment
Why YouTube Sees Hollywood’s Future in the Creator Economy
Tuesday’s letter from YouTube Chief Business Officer Robert Kyncl to its 2 million–strong creator community—announcing that original content chief Susanne Daniels had resigned—read like the final salvo in YouTube’s recent PR campaign touting its creator economy successes .
Illustration by Josh Brill.
Social Studies Crypto Culture
The Shoe Industry Is Hyping Virtual Sneakers for the Metaverse. So Far, Real Sneakerheads Aren’t Buying
TJ Keasal has been dressing up her videogame characters in new-release Nikes and Adidas since she was in middle school.
Image: Gopuff
Exclusive Startups E-commerce
Inside Gopuff’s Ambitious and Costly Bid to Dominate European Instant Delivery
Executives at Gopuff, a U.S. instant-delivery company that has planned to go public this year, recently told investors that its foray into Europe, which began last year, has topped expectations: The business is on pace to generate $100 million in annual revenue there, or about 5% of its overall revenue currently, and is growing three times faster than it had projected, according to two people with direct knowledge of the discussions.