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Covid/19
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Startups Uber/Lyft

Kalanick’s CloudKitchens, Ideal Bet for Pandemic, Hits Snags

By Amir Efrati · April 20, 2020 7:02 AM PDT · 4 comments
This should be Travis Kalanick’s moment.The Uber co-founder not only sold out of Uber ahead of the pandemic that has cratered that company’s ride-hailing business, but switched his money and energy to a real estate startup that leases space to restaurants for meal preparation. The firm, CloudKitchens, is well positioned to benefit... This should be Travis Kalanick’s moment.The Uber co-founder not only sold out of Uber ahead...
Patrick Collison. Illustration by Mike Sullivan.
The Saturday Interview
Venture Capital Enterprise

Stripe CEO Patrick Collison, Never Flashy, Is Fired Up

By Jessica E. Lessin · Aug. 29, 2020 8:01 AM PDT · 3 comments
It’s a quirk of Silicon Valley that one of the most seemingly uninteresting businesses is run by one of the most interesting people. Ten years into running Stripe, its co-founder and CEO, Patrick Collison, still has a voracious appetite for just about everything related to the future of technology—including his payment... It’s a quirk of Silicon Valley that one of the most seemingly uninteresting businesses is...
Art by Sam Lessin
Modest Proposals
Policy

How Coronavirus Epidemics Could Alter the Future of Tech

By Sam Lessin · March 9, 2020 10:00 AM PDT · 10 comments
The impact of COVID-19 on the economy and our lives has been the subject of a lot of discussions in the last several weeks. But there’s been less discussion of the potential long-term implications of how the virus—or something like it—may alter the longer-term trajectory of our society and economy.Here are some big-picture... The impact of COVID-19 on the economy and our lives has been the subject of a lot of discussions...
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Workers in an Amazon fulfillment center in Robbinsville, New Jersey, last November. Photo by Bloomberg
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Amazon E-commerce

Amazon Pauses ‘Pay to Quit’ Offers for Warehouse Workers

By Paris Martineau and Mark Di Stefano · Jan. 25, 2022 2:02 PM PST · 1 comment
Faced with an increasingly tight labor market, Amazon has quietly paused a longstanding program through which it paid warehouse workers up to $5,000 to quit their jobs after the busy peak season, The Information has learned. Amazon instituted the program—known inside the company as Pay to Quit or simply The Offer—in 2014 to help the... Faced with an increasingly tight labor market, Amazon has quietly paused a longstanding program...
Art by Mike Sullivan
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Venture Capital Startups

Tech’s Great Headhunter Shortage: Employers Shower Recruiters With Better Pay, Benefits

By Mark Matousek · Jan. 24, 2022 6:00 AM PST · 2 comments
In the middle of 2020, not long after the Covid-19 pandemic began sparking layoffs across the country, Joe Price watched as eight members of the recruiting department at an automotive software company he worked for lost their jobs. It turned out to be a fleeting downturn in his field. By the end of the year, tech companies were bombarding Price... In the middle of 2020, not long after the Covid-19 pandemic began sparking layoffs across the...
Peloton bikes in a company store. Photo by Bloomberg.
The Briefing
Amazon Apple

Why Apple Will Buy Peloton

By Martin Peers · Jan. 20, 2022 5:00 PM PST · 4 comments
Tim Cook, please call Peloton’s head office. Today’s CNBC scoop that Peloton has temporarily halted production of its bikes and treadmills feels like the prelude to an acquisition of the troubled fitness equipment maker. Surely Apple must be the obvious buyer if it comes to that. Judging by Peloton’s 24% stock plunge today to $24.22—85% below... Tim Cook, please call Peloton’s head office. Today’s CNBC scoop that Peloton has temporarily...