Meta Platforms CEO Mark Zuckerberg announced Tuesday that DoorDash CEO Tony Xu will join the company’s board of directors. Xu, 37, co-founded restaurant delivery service DoorDash in 2013 and took it public in December 2020, as the pandemic boosted demand for online food delivery. DoorDash is aiming to expand globally and recently moved into grocery delivery, a move that puts it in direct...
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The Briefing Venture Capital Startups
Startups in Sequoia’s ‘Crucible Moment’; Musk Pledges More Funding for Twitter
As we reported last night, Sequoia Capital has once again taken on the role of Silicon Valley soothsayer, releasing a 52-slide presentation on advice to startups, which it says face a “crucible moment” as the economy slows and central banks retract the monetary stimulus that kicked off the boom two years ago. In particular, the partners at Sequoia told founders to rethink how they consider...
Chinese Ride-Hailing App T3 Seeks $750 Million as Didi Global Struggles
Musk Scraps Margin Loan, Committing Another $6 billion in Equity for Twitter Deal
Twitter to Pay $150 Million to Settle FTC Privacy Case
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