Stripe’s Revenue Growth Slid Last Year as Firm Burned Through CashRead Now

Uber reported one of its worst-ever quarterly results on Thursday, confirming estimates it gave ahead of its May IPO. The results reflected Uber’s scorched-earth strategy of killing its core-business margins to stand its ground against rising competition. CFO Nelson Chai said in a statement that Uber “started to see signs of less aggressive pricing by some ridesharing competitors, which has...

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Bari Weiss Brings the Culture Wars Home
Art by Clark Miller
“I’m just putting my face on!” yelled the voice around the corner. Bari Weiss—former New York Times Op-Ed staff editor and writer and current founder of the controversy-courting new media company The Free Press—came streaming into her living room, hair wet, dressed all in black. She greeted me and two of her employees before beelining over to her nearly 5-month-old...
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Google's headquarters in Mountain View, Calif. Photo by Bloomberg
Exclusive google cloud
Google Laid Off High Performers and Earners While Largely Sparing ‘Brain’ AI Lab
Google's move to lay off 6.4% of staff on Friday didn’t come as a shock to most employees, but it stunned some of the individuals who were cut.
Microsoft CEO Satya Nadella. Photo by Bloomberg
Exclusive microsoft ai
How Microsoft’s Stumbles Led to Its OpenAI Alliance
For more than a decade, Microsoft Research, the company’s in-house research group, has touted artificial intelligence breakthroughs such as translating speech to text and software that could understand human language or recognize objects in images.
Patreon CEO Jack Conte. Art by Mike Sullivan
Exclusive startups entertainment
At Patreon, Mismanagement Thwarts a Pandemic-Era Star
Two years ago, Jack Conte seemed to have pulled off one of the most remarkable makeovers in recent Silicon Valley memory.
Sumo Logic CEO Ramin Sayar. Photo by Bloomberg.
Exclusive
Thoma Bravo, Vista Approach Sumo Logic About a Possible Buyout
Private equity firms including Thoma Bravo, Vista Equity Partners and Francisco Partners have approached data analytics software company Sumo Logic expressing interest in a possible acquisition, according to a person familiar with the matter.
The back windshield of a Waymo Chrysler Pacifica robotaxi prototype. Photo by Bloomberg
Exclusive google autonomous vehicles
Alphabet’s Waymo Robotaxi Subsidiary Cuts Staff, Including Trucking Engineers
Alphabet’s self-driving vehicle unit Waymo quietly laid off staff Monday, continuing a wave of job cuts at the parent company of Google, according to LinkedIn posts from affected employees and one person briefed about the move.
CEO Maju Kuruvilla. Photo: Getty Images
Exclusive startups venture capital
Bolt CEO Cuts Staff a Third Time as Revenue Lags
Bolt, the one-click checkout startup that slashed staff at least twice last year as growth fell short of its goals , laid off around 10% of employees on Tuesday, or at least 50 people, according to two people with direct knowledge.