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Chart by Sarah Habershon.
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Why Investors Value a BeReal User Double That of Snap

By Mahira Dayal and Kate Clark · Aug. 9, 2022 3:46 PM PDT · 1 comment
The siren song of a fast-growing social media network still holds investors spellbound. Take BeReal. The French social app, which once a day urges users to take and share a photo—wherever they are, regardless of what they’re doing—has become a breakout hit, particularly for people in their early 20s. Daily active users reached... The siren song of a fast-growing social media network still holds investors spellbound. Take...
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Why Mark Zuckerberg and Sundar Pichai Are Worried About Productivity

By Stephen Council · Aug. 4, 2022 10:00 AM PDT · 17 comments
Executives at Facebook parent Meta Platforms and Google parent Alphabet are feeling the pressure, so they’re giving employees a kick in the pants. After years of rapid hiring, productivity at the tech giants is suffering, as revenue and free cash flow per employee decline. The reason for falling productivity: Both companies have continued... Executives at Facebook parent Meta Platforms and Google parent Alphabet are feeling the pressure,...
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crypto venture capital

The Metaverse Real Estate Boom Turns Into a Bust

By Aidan Ryan · Aug. 3, 2022 2:08 PM PDT · 9 comments
The metaverse is in the midst of a real estate meltdown. Sales volumes and average prices for virtual land have plunged this year, part of a broader slide in crypto and non-fungible token prices. Soaring interest in virtual property spawned an industry that mirrors traditional commercial real estate—buyers develop land by adding virtual... The metaverse is in the midst of a real estate meltdown. Sales volumes and average prices for...
Startups That Hired Rapidly Learn the Virtue of Slowing Down
By Mahira Dayal · July 26, 2022 12:50 PM PDT · 4 comments
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startups venture capital

Startups That Hired Rapidly Learn the Virtue of Slowing Down

By Mahira Dayal · July 26, 2022 12:50 PM PDT · 4 comments
Sometimes slow and steady does win the race. Startups that raised a lot of money during the boom years—and avoided spending sprees—now look smart as venture funding dries up. One measure of whether startups will be able to outlast the current downturn is how many people they’ve hired relative to how much money they’ve... Sometimes slow and steady does win the race. Startups that raised a lot of money during the boom...
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startups venture capital

Creator Economy Startup Funding Drops 60% From a Year Ago

By Mahira Dayal · July 6, 2022 6:00 AM PDT · 4 comments
Creator economy startups in the U.S. raised less than $700 million in venture funding in the second quarter of this year. That’s 26% less than the previous quarter and marks a fourth consecutive quarter of decline in venture investments tracked by The Information’s Creator Economy Database. The quarterly drop reflects a decline in... Creator economy startups in the U.S. raised less than $700 million in venture funding in the...
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startups venture capital

Not Just Tiger: Coatue, Greenoaks Reduce Late-Stage Deals

By Mahira Dayal · June 24, 2022 6:00 AM PDT · 1 comment
Last year, Tiger Global Management led a rush to back startups nearing initial public offerings, piling into late-stage funding rounds for banking app Chime, data firm Databricks and videoconferencing startup Hopin. New data shows just how much Tiger and other deep-pocketed investors have pulled back so far this year. Tiger’s participation... Last year, Tiger Global Management led a rush to back startups nearing initial public offerings,...
Chart by Mike Sullivan.
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microsoft economy

Demand for Specialized Tech Jobs Remains Despite Hiring Freezes and Layoffs

By Sylvia Varnham O'Regan · June 10, 2022 6:00 AM PDT · 3 comments
It’s been a grim couple of months in the tech industry, with announcements of hiring freezes or slowdowns, as well as layoffs, seemingly every other day. But for some specialized roles, hiring appears to be holding strong. Between January and May, job postings for positions in artificial intelligence and machine learning rose more than 60%... It’s been a grim couple of months in the tech industry, with announcements of hiring...
Coinbase Shopped for Amazon Employees Before Hiring Freeze
By Aidan Ryan · June 7, 2022 6:04 AM PDT
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amazon crypto

Coinbase Shopped for Amazon Employees Before Hiring Freeze

By Aidan Ryan · June 7, 2022 6:04 AM PDT
Before a hiring freeze brought its eye-popping expansion to a screeching halt, Coinbase went shopping at Amazon: for employees. The e-commerce giant was the top source of new hires for Coinbase in the first five months of this year, unseating Google from the No. 1 spot and accounting for 11% of the people joining the crypto firm through May. (By... Before a hiring freeze brought its eye-popping expansion to a screeching halt, Coinbase went...
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entertainment

Netflix Cancellations Rise Among Long-Standing Subscribers

By Jessica Toonkel · May 18, 2022 6:00 AM PDT · 5 comments
Netflix is losing its grip on long-standing subscribers. New data show that people who have been subscribers to Netflix for more than three years accounted for a significantly greater share of cancellations in the first quarter than they did two years earlier. The data help illuminate why Netflix’s subscriber growth stalled suddenly in the... Netflix is losing its grip on long-standing subscribers. New data show that people who have been...
Graphic by Mike Sullivan
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The Cost of Amazon’s ‘Too Much Space’ Problem

By Paris Martineau · May 5, 2022 6:00 AM PDT
Amazon has carried out a massive physical expansion over the last two and a half years, adding more than 200 million square feet of new facilities and doubling its physical footprint as the company accelerated plans to grow its already sprawling distribution network in response to a surge of demand from homebound consumers. All that spending... Amazon has carried out a massive physical expansion over the last two and a half years, adding...
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Tech Pay Rundown: Snap Surges While Netflix Sinks

By Mark Matousek · April 21, 2022 6:04 AM PDT · 1 comment
Tech workers saw their paychecks swell last year as their employers became increasingly desperate to hire and retain them, but the gains were unevenly distributed. Take Snap and Netflix. The median salary at the social media firm increased 28% last year, an analysis of company disclosures shows. But at the streaming giant, median pay actually... Tech workers saw their paychecks swell last year as their employers became increasingly desperate...
Which Tech Companies Are Returning to the Office, Staying Remote or in Between
By Akash Pasricha and Stephen Nellis · April 6, 2022 2:22 PM PDT · 7 comments
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Which Tech Companies Are Returning to the Office, Staying Remote or in Between

By Akash Pasricha and Stephen Nellis · April 6, 2022 2:22 PM PDT · 7 comments
After many fits and starts over the past two years, a critical mass of tech workers is finally returning to the office. Some companies, like Google and Uber, are requiring workers in their seats at least two days a week. Others like Salesforce are leaving commutes mostly up to employees and managers. Still others, such as Coinbase and... After many fits and starts over the past two years, a critical mass of tech workers is finally...
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Facebook’s iPhone Ad Pain is Google’s Gain

By Sarah Krouse · March 31, 2022 10:44 AM PDT
It’s well known that when Apple last year enabled an iPhone privacy feature that blocks advertisers from tracking users, Facebook parent Meta Platforms suffered. What’s also becoming clearer: Google was among the biggest beneficiaries of Facebook’s pain. This month, nearly a year after Apple’s privacy rule went into... It’s well known that when Apple last year enabled an iPhone privacy feature that blocks...
The new Crypto.com Arena sign at the former Staples Center on December 22, 2021 in Los Angeles. Photo by Shutterstock.
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venture capital crypto

The Top 15 Crypto Startups That Moonlight as VC Investors

By Aidan Ryan · March 17, 2022 11:00 AM PDT
The venture capitalists and hedge funds competing to back crypto startups are increasingly facing a third set of rivals: other startups. In just the past year, at least eight highly valued crypto startups—ranging from crypto exchange Gemini to peer-to-peer payments startup Circle—have launched venture capital arms to invest in other... The venture capitalists and hedge funds competing to back crypto startups are increasingly facing...
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Why AWS Makes Money and Google Cloud Doesn’t

By Kevin McLaughlin and Amir Efrati · March 7, 2022 6:00 AM PST
Google’s cloud computing arm is the company’s biggest hope of creating a substantial moneymaker outside of advertising, but it has been struggling to make up meaningful ground against industry pioneer Amazon Web Services. That extends to profitability: Last year, despite generating $19 billion in revenue, the kind of scale that... Google’s cloud computing arm is the company’s biggest hope of creating a substantial...
What’s Driving Amazon and Walmart’s Ad Prices in Different Directions
By Mark Di Stefano · Feb. 15, 2022 6:04 AM PST
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amazon e-commerce

What’s Driving Amazon and Walmart’s Ad Prices in Different Directions

By Mark Di Stefano · Feb. 15, 2022 6:04 AM PST
While the cost to buy ads on Amazon’s main marketplace has surged in the past year, prices at Walmart and Instacart have dropped as these retail rivals have added more ad space. The divergence suggests the companies eager to copy Amazon, which has created a $31 billion ad powerhouse, may have success luring merchants by touting cheaper ad... While the cost to buy ads on Amazon’s main marketplace has surged in the past year, prices...
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startups venture capital

The Biggest Winners of Pre-IPO Funding Rounds

By Aidan Ryan · Feb. 4, 2022 6:36 AM PST
There’s a reason hedge funds like Tiger Global Management have moved aggressively into the venture capital market over the last few years: The gains from buying private shares in startups like Zoom, Coinbase or Affirm, even in the last rounds before a public listing, can be huge. That’s especially true when compared to the... There’s a reason hedge funds like Tiger Global Management have moved aggressively into the...
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amazon e-commerce

Affirm Is Finally Shaking Its Reliance On Peloton — And It Has Amazon to Thank

By Malique Morris · Feb. 3, 2022 6:00 AM PST · 1 comment
Investors who are worried about Affirm’s ties to Peloton may not be giving the fintech firm enough credit for branching out. Peloton has long been Affirm’s biggest revenue driver, accounting for between 20% and 30% of revenue in recent years. Peloton’s sales surge early in the pandemic was a boost for Affirm, which provides... Investors who are worried about Affirm’s ties to Peloton may not be giving the fintech firm...
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microsoft

Microsoft’s ‘Netflix for Games’ Could One Day Tame Yo-Yoing Gaming Revenue

By Nick Wingfield · Feb. 1, 2022 6:00 AM PST
Microsoft is buying Activision Blizzard for $68 billion—the biggest deal in the software giant’s history—in large part to help it supercharge a Microsoft subscription game service that could shake up how people pay for console games. That service has a long way to go before it transforms Microsoft’s games business,... Microsoft is buying Activision Blizzard for $68 billion—the biggest deal in the software...
As Alphabet and Others Tie Execs’ Pay to Climate and Diversity Goals, Shareholders Scrutinize Their Approach
By Sarah Krouse · Jan. 12, 2022 12:23 PM PST
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google microsoft

As Alphabet and Others Tie Execs’ Pay to Climate and Diversity Goals, Shareholders Scrutinize Their Approach

By Sarah Krouse · Jan. 12, 2022 12:23 PM PST
Four of the highest paid executives at Google parent Alphabet just gained access to a new pot of cash: up to $2 million in additional annual bonuses if they help the company achieve goals like using more carbon-free energy and recruiting diverse candidates. Alphabet is among the seven large tech companies that, over the past six months, decided... Four of the highest paid executives at Google parent Alphabet just gained access to a new pot of...