For a brief moment, it looked like Qualcomm had revealed how many Quest 2 virtual reality headsets Meta Platforms has sold so far—10 million. That was according to Qualcomm CEO Cristiano Amon, whose company makes the chipset used in the device. As Meta, formerly Facebook, has not revealed the sales numbers for the $299 device, this appeared to be big news. Later in the day, though, a Qualcomm...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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