How Reddit Grew Its Ad Business, Bolstering IPO HopesRead Now

Briefing
startups real estate

WeWork Competitor Knotel Lays Off, Furloughs Half of Staff

By
Cory Weinberg
· · Source: Commercial Observer

Knotel, a New York-based real estate startup, laid off or furloughed about 200 people on Friday, the Commercial Observer reported. CEO Amol Sarva told employees on a video conference Friday it was cutting deep under the assumption the office leasing startup would have little revenue until August or September, a person familiar with the matter said. The cuts hit about half of Knotel’s staff. The...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Exclusive venture capital
Alexis Ohanian Venture Fund Plots $776 Million in New Funds
By Kate Clark · Feb. 8, 2023 12:26 PM PST
Alexis Ohanian. Photo by AP.
Seven Seven Six, the venture capital fund launched by Reddit co-founder Alexis Ohanian in 2020, plans to raise $776 million for two new funds, according to investment documents viewed by The Information. The planned fundraising is more than 50% bigger than what it raised last year and will test investor appetite for bigger funds during a tough environment. The Palm Beach, Fla.-based firm had an...
Latest Briefs
 
Treasury Warns of Cloud Computing’s Risks to Financial Industry
By Aaron Holmes · Feb. 8, 2023
Amazon Adds Sports Gambling Channel to Free Streaming Service
By Theo Wayt · Feb. 8, 2023
Uber’s Ride Hailing Business Shows Strong Recovery
By Martin Peers · Feb. 8, 2023
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.
The supplement stacks of 11 founders and investors. Photos courtesy of subjects.
The Big Read culture
The Supplement Stacks: All the Pills, Powders and Potions Filling Tech’s Kitchen Counters
By Annie Goldsmith and Margaux MacColl
When Courtney Reum wakes up in his Los Angeles home, it’s time to freeze, shake and dangle upside down.
Verily headquarters in San Francisco. Photo by AP.
Exclusive google
Revenues Rise at Alphabet’s Biggest ‘Other Bet’ But So Do Losses
By Jon Victor
Verily, by far the biggest Alphabet unit by revenue after Google, continues to post heavy losses, according to previously undisclosed financial information.
Art by Clark Miller.
The 1:1 google
‘We Just Have to Keep Winning’: A Sonos Executive With a Colorful History Goes to War Against Google
By Janko Roettgers
A few months into his job as chief legal officer of Sonos, Eddie Lazarus was ready to wage war. When Lazarus joined the audio hardware company in late 2018, it was facing growing competition from Amazon and Google.
John and Patrick Collison. Photos by Bloomberg.
markets startups
Stripe Walks Tightrope to Stay Private. Could Other Firms Follow?
By Cory Weinberg, Maria Heeter and Becky Peterson
Thirteen years after starting Stripe, chief executive Patrick Collison is raising his company’s largest ever slug of cash from venture capitalists.
Illustration by Clark Miller.
Opinion startups
Stop Paying People So Much
By Marcus Ryu
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be.
Photo via Getty
Dealmaker venture capital
A New Bubble Is Forming for AI Startups, But Don’t Expect a Crypto-like Pop
By Kate Clark
Venture capitalists have dumped crypto and moved on to a new fascination: artificial intelligence. As a sign of this frenzy, they're paying steep prices for startups that are little more than ideas.