One of the SoftBank Vision Fund’s most maligned bets has been Wag, a dog-walking app that got $300 million from the Japanese conglomerate nearly 2 years ago. Now, the Vision Fund is selling its near-majority stake back to the startup at a much lower price, the Journal reported, after growth stalled and expenses piled up. Thus ends the Wag era for the Vision Fund. The loss that the Vision Fund...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Creator Economy microsoft startups
LinkedIn’s Newsletter Subscribers Quadrupled as Meta, Twitter Axed Products
LinkedIn is the only big social media company that’s sticking with newsletters. This month, Facebook parent Meta Platforms and Twitter both shuttered their respective newsletter products as these tech companies cut costs, including shutting down products for creators, after overspending during the tech boom. But for LinkedIn, newsletters are seeing substantial growth. The Microsoft-owned...
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Venture Firm NEA Raises $6.2 Billion
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.
Recent Popular Stories
Exclusive microsoft ai
How Microsoft’s Stumbles Led to Its OpenAI Alliance
Founders' Keepers startups culture
Founders’ Keepers: The Gadgets, Mugs and Mementos That CEOs Can’t Work Without
Athletes wear lucky socks. Children have their favorite stuffies. But tech founders? Their most prized workplace possessions run an exceptionally wide gamut, ranging from the idiosyncratic (a Jesuit obelisk) to the alarmingly practical (a pistol lockbox) to the comfortingly basic (a yellow pad and pen).
Thoma Bravo, Vista Approach Sumo Logic About a Possible Buyout
The Big Read
Citizen Marc: Why the Andreessen Horowitz Founder Can’t Stop Chasing Dreams of a New Media