Microsoft shares dropped more than 4%—their largest daily decline in three months—after UBS Group AG issued a downgrade over concerns that sales of Azure and Office products will continue to slow in the coming year. The situation underscores investors’ skittishness over Azure’s annual revenue growth, which has slowed from 46% to 35% over the past three quarters amid a broader slowdown in...
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venture capital
The Relationship Model Is Killing Venture Capital

The social and racial homogeneity of the venture capital industry has long been a source of frustration for entrepreneurs and investors alike. In recent years, this frustration has boiled over into a full-fledged movement, with a growing chorus of voices arguing that venture capitalists are destroying value by overlooking founders from swaths of the population including women, people of color...
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