Kalanick-Gurley Tensions Shaped Uber of Today

In the run-up to Uber’s IPO, the company presented a new face to Wall Street. Two relatively new executives, CEO Dara Khosrowshahi and CFO Nelson Chai, appeared at investor meetings around the country. Former CEO Travis Kalanick wasn’t even on the stock exchange podium the day of … | Continue reading


@theinformation.com | 7 days ago

Huawei’s New Laptop Becomes First Casualty of U.S. Sanctions

Huawei has indefinitely postponed the announcement of a new laptop computer that was originally scheduled for this week, as the U.S. government’s trade sanctions have blocked the Chinese tech giant’s access to Microsoft’s Windows operating system and Intel’s processors, Huawei em … | Continue reading


@theinformation.com | 8 days ago

Apple Discusses Acquisition of Intel’s German Modem Unit

Apple is in talks to buy a key part of Intel’s smartphone modem business—its German operations—in a deal that could boost the iPhone maker’s plans to internally develop a modem for its devices, according to four people briefed on the discussions.The talks come as Intel considers … | Continue reading


@theinformation.com | 8 days ago

Uber CEO Shielded from Stock Drop by Options Repricing

Uber’s sluggish public market debut has meant losses for some investors. But CEO Dara Khosrowshahi is sitting on healthy paper gains, thanks to changes that were made to his stock options before the company went public. The exercise price of Mr. Khosrowshahi’s options was lowered … | Continue reading


@theinformation.com | 8 days ago

Technical Glitches Plague Cruise, GM’s $19B Self-Driving Car Unit

In the middle of April, Honda Motor CEO Takahiro Hachigo hopped into a self-driving car prototype made by General Motors’ Cruise Automation for a demonstration ride. It didn’t go well. About 20 minutes in, the car’s software suddenly turned itself off even as the car kept moving. … | Continue reading


@theinformation.com | 9 days ago

Chasing Amazon, Walmart’s Free Shipping Falls Short

Walmart is trying to catch up with Amazon in speedy shipping. New data show the Bentonville, Arkansas–based retailer has a long way to go.In January 2017, Walmart pledged to offer free two-day shipping on more than 2 million products—including everything from coffee to diapers. A … | Continue reading


@theinformation.com | 9 days ago

Apple Looks to Acquire Struggling Self-Driving Car Startup Drive.ai

Apple is in the process of acquiring a well-known but struggling self-driving shuttle firm, Drive.ai, for its engineering talent in order boost Apple’s own development of a self-driving vehicle system, according to two people briefed about the situation. The planned deal, describ … | Continue reading


@theinformation.com | 13 days ago

Facebook Plans Outside Foundation to Govern Cryptocurrency

Facebook plans to cede control of its forthcoming cryptocurrency to outside backers, a move meant to encourage trust in the digital payment system and reassure financial regulators, The Information has learned.In recent months, the social network has courted dozens of financial i … | Continue reading


@theinformation.com | 13 days ago

Behind the Intel-Apple Modem Divorce

Johny Srouji, the Apple executive in charge of building chips for the company’s devices, was fed up with Intel.It was early 2017 and Apple was preparing a new line of iPhones to be released the next year, but the Intel modem for the devices, known as the 7560, wasn’t working prop … | Continue reading


@theinformation.com | 28 days ago

Cisco Held Acquisition Talks with HashiCorp

Cisco Systems held preliminary discussions recently with HashiCorp about an acquisition of the startup whose software manages applications running across multiple cloud providers, according to three people with direct knowledge of the talks. The talks, which took place over a mon … | Continue reading


@theinformation.com | 1 month ago

Harassment Allegations Against Intercom CEO Sparked Departures

Eight years ago, a group of Irish entrepreneurs led by an ambitious leader, Eoghan McCabe, relocated their software startup, Intercom, from Dublin to San Francisco, aiming to make a splash on tech’s biggest stage. They succeeded, raising more than $240 million in funding from ped … | Continue reading


@theinformation.com | 1 month ago

Harassment Allegations Against Intercom CEO Sparked Departures

Eight years ago, a group of Irish entrepreneurs led by an ambitious leader, Eoghan McCabe, relocated their software startup, Intercom, from Dublin to San Francisco, aiming to make a splash on tech’s biggest stage. They succeeded, raising more than $240 million in funding from ped … | Continue reading


@theinformation.com | 1 month ago

Google’s New Plan to Challenge Amazon for Shoppers

Google has struggled for years to build an online shopping business that can seriously compete with Amazon. Now, as Google’s prized advertising business faces a growing threat from Amazon, the search giant is planning new steps to bolster its shopping presence. Google is testing … | Continue reading


@theinformation.com | 1 month ago

People with Power at Apple

After shaking up the mobile industry over a decade ago, Apple is looking for a new act. With the iPhone growth machine sputtering, it is beefing up teams devoted to healthcare and internet services, including a foray into video streaming expected this year.The chart accompanying … | Continue reading


@theinformation.com | 1 month ago

Uber's Biggest IPO Winners

In the decade since its founding, Uber has raised $14 billion in equity funding, one of the biggest sums in private tech history. And Uber's investors are likely to see equally history-making returns from its IPO.Uber is expected to go public next week at a valuation of more than … | Continue reading


@theinformation.com | 1 month ago

Apple Slashed Amazon Cloud Spending 50 Percent in Bid for Self-Sufficiency

Apple has cut its spending on Amazon Web Services dramatically over the past year, to around $370 million in 2018 from $775 million in 2017, according to a person with direct knowledge of the figures. The reduction is partly due to Apple’s decision to operate more of its own clou … | Continue reading


@theinformation.com | 1 month ago

Amazon Tests Program to Combat Patent Infringement

Amazon is testing a new program that allows merchants on its marketplace who are victimized by cheap, patent-violating knockoffs to get them removed in a few months for just a few thousand dollars or less—much faster and cheaper than a typical legal process.The new program, which … | Continue reading


@theinformation.com | 1 month ago

Briefing: Qualcomm’s China Chip Joint Venture to Shut Down – The Information

A joint venture between Qualcomm and the government of a rural Chinese province to make server chips will wind down by the end of the month, according to 10 employees at the venture.Executives at Huaxintong Semiconductor, or HXT, which was formed in 2016 with the Guizhou provinci … | Continue reading


@theinformation.com | 2 months ago

The Information's 2019 VC Diversity Index

An index of diversity in the venture capital industry. | Continue reading


@theinformation.com | 2 months ago

ISAs and the Future of Securitization

Finance is fundamentally an exercise in pricing risk, and pricing risk is in large part a function of the cost of information.Given this reality, it is somewhat surprising that in the last few decades the internet has not more fundamentally revolutionized how individuals and busi … | Continue reading


@theinformation.com | 2 months ago

‘Flying over Traffic’: Short-Hop Services Multiply

Tired of bad traffic and have money to spare? A growing cadre of venture capital–backed startups are launching services to ferry people on short-distance trips by small planes and helicopters. Companies including Blade, Skyryse and BlackBird believe there is a growing market for … | Continue reading


@theinformation.com | 2 months ago

New U.S. Attorney Eyes Tougher Enforcement in Silicon Valley

The message to a roomful of corporate attorneys representing a who’s who of tech companies was clear: The once-sleepy U.S. Attorney’s office in San Francisco has awoken. New U.S. Attorney David Anderson, who recently took over the office responsible for federal criminal prosecuti … | Continue reading


@theinformation.com | 2 months ago

With Waymo Robotaxis, Customer Satisfaction Is Far from Guarantee

“Car tried to turn left into oncoming traffic, driver had to avoid collision,” wrote a customer of Waymo, the unit of Alphabet, in early March after taking a ride in one of the company’s experimental self-driving taxis in suburban Phoenix. The customer was referring to the human … | Continue reading


@theinformation.com | 2 months ago

Facebook’s Crypto Shopping List

Happy Wednesday. Last week’s piece on legislation that Rep. Darren Soto’s office is developing, which would exempt two classes of crypto assets from being securities, drew a lot of feedback. Some applauded the effort, but others reserved judgment for later. Joe Grundfest, a forme … | Continue reading


@theinformation.com | 4 months ago

Stripe Raises $100M at $22B Valuation

Payments startup Stripe has raised an additional $100 million from Tiger Global Management, boosting the firm’s valuation to more than $22 billion, according to a person close to the company.The fundraising is a follow-on round to a $245 million round led by Tiger Global last yea … | Continue reading


@theinformation.com | 4 months ago

Amazon Exploring New Programs to Improve Deliveries – The Information

First, Amazon asked homeowners to let delivery drivers drop packages inside their homes while they were gone. Now it has a plan to get them to shop more by locking up orders outside their houses—and tossing in free Alexa devices.Amazon has been quietly working with apartment buil … | Continue reading


@theinformation.com | 4 months ago

The 140 ‘Waymonauts’ Who Run Alphabet’s Self-Driving Car Unit

Alphabet’s Waymo self-driving car unit was the first to launch a commercial robo-taxi service, picking up and dropping off paying passengers. And its technology is considered by people in the industry to be more advanced. But it has a smaller workforce than either of its two best … | Continue reading


@theinformation.com | 5 months ago

Andy Rubin-Backed AI Security Camera Startup Shuts Down – The Information

A startup building an advanced artificial intelligence-enabled security camera, called Lighthouse, is shutting down. Founded in 2015, Lighthouse had raised $20 million, including from Android creator Andy Rubin’s group, Playground Global, according to PitchBook. The company was n … | Continue reading


@theinformation.com | 6 months ago

The Uber Whistleblower’s Email

Below is Robbie Miller’s March 13 email to Eric Meyhofer, Jon Thomason and several others, including two in-house lawyers. | Continue reading


@theinformation.com | 6 months ago

To Rebuild Trust, Facebook’s Zuckerberg Looked to Microsoft

When Facebook CEO Mark Zuckerberg wants advice, he occasionally turns to a kindred figure: Bill Gates, the billionaire Microsoft co-founder and philanthropist. Recently, Mr. Gates suggested to Mr. Zuckerberg that Facebook consider hiring someone with a profile like that of Brad S … | Continue reading


@theinformation.com | 6 months ago

How an Uber Whistleblower Tried to Stop Self-Driving Car Disaster

Five days before an Uber self-driving car prototype killed a pedestrian in Arizona last March, a manager in Uber’s autonomous vehicle unit warned the group’s top executives that the software powering the company’s prototype robotaxis was dangerous. He also warned that the human b … | Continue reading


@theinformation.com | 6 months ago

Reversal of Fortune: Didi Chuxing on the Defensive

Last year, when Uber was grappling with a series of controversies that led to the ouster of founder Travis Kalanick, the president of China’s ride-hailing behemoth Didi Chuxing, Jean Liu, was being touted as an executive role model. What a difference a year makes. Even as a new C … | Continue reading


@theinformation.com | 6 months ago

Apple Acquires AI Device Startup Silk Labs

Apple has quietly acquired a startup, Silk Labs, that specializes in making artificial intelligence software lightweight enough to fit onto consumer hardware like cameras, another sign of its growing ambitions around AI and smart home devices. The acquisition, which hasn’t been r … | Continue reading


@theinformation.com | 7 months ago

AWS Developing New Services Amid Open-Source Tensions

Companies that manage open-source software have a message for cloud computing providers like Amazon: pay up, share your code or stop using our technology for free. The tension stems from the fact that cloud providers like Amazon Web Services are increasingly relying on open-sourc … | Continue reading


@theinformation.com | 7 months ago

Behind Google Cloud Chief’s Departure, Tensions with Execs

Google's cloud computing chief Diane Greene is leaving the company amid growing tensions with other senior Google executives and after the company failed to make meaningful progress in one of its most important new businesses. Although Google has struggled to gain market share fr … | Continue reading


@theinformation.com | 7 months ago

Behind Google Cloud Chief’s Departure, Tensions with Execs

Google's cloud computing chief Diane Greene is leaving the company amid growing tensions with other senior Google executives and after the company failed to make meaningful progress in one of its most important new businesses. Although Google has struggled to gain market share fr … | Continue reading


@theinformation.com | 7 months ago

What Makes Tesla’s Autopilot Different

As Elon Musk works to prove that he can make Tesla profitable and his Autopilot feature safe, it’s worth understanding the difference in how Tesla is developing self-driving car technology versus other companies.These differences relate in part to a potential advantage that Tesla … | Continue reading


@theinformation.com | 7 months ago

Apple to launch TV Subscription service over 100 countries

Apple is planning to launch its upcoming TV subscription service in more than 100 countries, three people familiar with the company’s plans told The Information. That would quickly make Apple a competitor with both Amazon and Netflix, both of whose video services are widely avail … | Continue reading


@theinformation.com | 7 months ago

Uber Might Try to Be a Temp Agency

Uber’s next experiment has been hiding in Chicago. Calling itself “Pronto,” an “on-demand restaurant and hospitality staffing startup,” Uber has been advertising on LinkedIn for Windy City applicants for a new business that matches part-time workers with various businesses, accor … | Continue reading


@theinformation.com | 8 months ago

Inside Apple’s War on iPhone Fraud in China

Five years ago, Apple was forced to temporarily close what was then its only retail store in Shenzhen, China, after it was besieged by lines of hundreds of customers waiting to swap broken iPhones for new devices, according to two former Apple employees who were briefed about the … | Continue reading


@theinformation.com | 8 months ago

Microsoft Quantum Project Grows with Ex-Qualcomm Engineers

Microsoft’s efforts to build a futuristic computer based on quantum mechanics are getting a boost from former engineers of the chipmaker Qualcomm.Over the past few months, Microsoft has aggressively hired chip engineers from a struggling Qualcomm division devoted to building chip … | Continue reading


@theinformation.com | 8 months ago

Amazon a Money-Loser in Retail? Not in the U.S

In its early days, Amazon developed a reputation for shunning profits as it built market share in its retail business. More recently, Amazon critics have painted an image of the retailer as willing to indefinitely bleed red ink to drive rivals out of business. That perception sho … | Continue reading


@theinformation.com | 8 months ago

Facebook Likely to Name Mosseri to Lead Instagram

Facebook most likely will name Adam Mosseri as the new leader of Instagram, following the announcement on Monday night that the photo-sharing service’s two founders are leaving the company, according to people familiar with the matter. The departure of the two founders, Instagram … | Continue reading


@theinformation.com | 8 months ago

Airbnb’s Engineering Chief to Depart

Airbnb has another top job to fill: engineering leader. Mike Curtis, the company’s vice president of engineering for more than five years, will step down this year, he told the company earlier this month. The company will search for a chief technology officer as his replacement, … | Continue reading


@theinformation.com | 8 months ago

Social Capital Founder Gives His Account of Turmoil at Firm

For the past year, venture firm Social Capital has been decimated by high-level departures and investor complaints about the firm’s founder, Chamath Palihapitiya, and his unpredictable and unilateral decision making.Now, in an exclusive interview in which Mr. Palihapitiya questio … | Continue reading


@theinformation.com | 9 months ago

Deep Confusion: Tensions Lingered Within Google Over DeepMind

When Google unveiled its plan to form an Alphabet holding company in 2015, it was pitched as a way to ensure Google’s blue-sky bets in areas like self-driving cars and health care could flourish under independent leadership. One business that hoped to capitalize on the new arrang … | Continue reading


@theinformation.com | 9 months ago

Google Cloud Tests Devices for Private Data Centers

Executives at Google Cloud have said they are willing to meet large customers “where they are”—marketing-speak for their openness to extending Google cloud services into the private data centers of customers. As an example, Google in July announced a version of its Kubernetes sof … | Continue reading


@theinformation.com | 9 months ago

How the Internet Broke and What to Do About It

Any thinking person should realize that we face major challenges when it comes to the future of free speech and the internet. Disinformation and coordinated manipulation are a real, serious and unrelenting reality. Rightly and wrongly the claims of bias abound, and the broad lack … | Continue reading


@theinformation.com | 9 months ago