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Mass Layoffs at Wag as SoftBank Sells Stake

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...

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News Analysis Policy Google
The Real Threat to Google and Alphabet Isn’t Antitrust Case
The Real Threat to Google and Alphabet Isn’t Antitrust Case

The just-filed U.S. antitrust case against Google’s web search dominance likely will take years to be resolved and, even if successful, may not cut into Google’s business by much.

Instead, competition from powerful companies such as Amazon and Facebook as well as young foes like TikTok pose the biggest risk to Google’s fortunes. An antitrust challenge, therefore, is less of a ...

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New Amazon Data: Retailer Wins Sales While Losing to Merchants on Listings
Data Point Policy E-commerce
New Amazon Data: Retailer Wins Sales While Losing to Merchants on Listings
Just 1% of the vacuum cleaners, immersion blenders and other household products listed on Amazon last year were sold by the retailer, with the rest coming from other merchants who use its platform.
New Data Show Reality Behind Self-Driving Truck Startup’s Funding
Exclusive Venture Capital Startups
New Data Show Reality Behind Self-Driving Truck Startup’s Funding
TuSimple, a prominent developer of self-driving semitrailer trucks that is worth more than $1 billion on paper, said last fall it had secured funding of $215 million from investors.
Censorship Drama Engulfs Facebook, Twitter: The Information’s Tech Briefing
The Briefing
Censorship Drama Engulfs Facebook, Twitter: The Information’s Tech Briefing
There’s no question that Facebook and Twitter face an extremely difficult task in trying to keep misinformation from polluting their networks, particularly now, in the weeks before the election.
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The Rise of ‘Retention Rates,’ the Software Metric Investors Are Obsessing Over
Data Point Startups Markets
The Rise of ‘Retention Rates,’ the Software Metric Investors Are Obsessing Over
When database startup Snowflake filed for an initial public offering in late August, investors honed in on one measure of its performance: net revenue retention rate, which reflects a company’s ability to keep customers and get them to increase their spending over time.