2022-06-02
The median pay for employees at Google parent Alphabet and Facebook owner Meta Platforms was almost $300,000 last year — the highest among S&P 500 companies. The ones next on the list may surprise you. https://www.wsj.com/...
Wall Street Journal
Analysis of S&P 500 companies: Alphabet and Meta workers had 2021's highest median pay at $295K+ and $292K+; Apple's was $68K+ and Amazon's was $32K+
the highest among S&P 500 companies. The ones next on the list may surprise you. https://www.wsj.com/...
2022-01-11
Been wondering which company was going to take out Zynga. Looks like Take Two wins it. More dealmaking is on the way I'm sure. https://www.businesswire.com/ ...
Wall Street Journal
Take-Two will acquire Zynga for $12.7B, or $9.86 per share, a 64% premium on Zynga's January 7 closing price; Take-Two develops GTA, Red Dead, and other titles
Sarah E. Needleman / Wall Street Journal :
2022-01-10
Been wondering which company was going to take out Zynga. Looks like Take Two wins it. More dealmaking is on the way I'm sure. https://www.businesswire.com/ ...
Business Wire
Take-Two will acquire Zynga for $12.7B, or $9.86 per share, a 64% premium on Zynga's January 7 closing price; Take-Two develops GTA, Red Dead, and other titles
Take-Two to acquire all the outstanding shares of Zynga for a total value of $9.861 per share - $3.50 in cash and $6.361 in shares …
2021-08-19
Facebook's big announcement on CBS published early (feels like “Early Edition.” The news: It's connected to the metaverse and a use case for Quest in virtual offices. https://twitter.com/...
The Verge
Facebook announces Horizon Workrooms, a virtual meeting space with avatars, spatial audio, a whiteboard, and more, in beta on Oculus Quest 2
It wasn't long into a recent press briefing I attended in virtual reality when Mark Zuckerberg showed up to talk about the metaverse. Source: Oculus .
2021-08-13
The stock-trading frenzy earlier this year heaped a ton of attention on to Reddit. After completing a raise in the midst of it, Reddit is raising another round: $410 million of the planned $700 million is coming from Fidelity.
New York Times
Reddit raises $410M+ led by Fidelity Investments at a $10B+ valuation, up from $6B six months ago when it raised $250M; the new round could reach ~$700M
and certainly Instagram. Kanyi Maqubela / @km : I remember some people side-eyeing us for participating in this @Reddit round in 2013. https://redditblog.com/... Welp :) https://ww...
CEO Steve Huffman said Reddit plans to use the additional investments to underpin the expansion into new markets, and product improvements, such as enhanced video capabilities and making the website run faster. https://www.wsj.com/... via @WSJ
New York Times
Reddit raises $410M+ led by Fidelity Investments at a $10B+ valuation, up from $6B six months ago when it raised $250M; the new round could reach ~$700M
and certainly Instagram. Kanyi Maqubela / @km : I remember some people side-eyeing us for participating in this @Reddit round in 2013. https://redditblog.com/... Welp :) https://ww...
2021-08-12
The stock-trading frenzy earlier this year heaped a ton of attention on to Reddit. After completing a raise in the midst of it, Reddit is raising another round: $410 million of the planned $700 million is coming from Fidelity.
New York Times
Reddit raises $410M+ led by Fidelity Investments at a $10B+ valuation, up from $6B six months ago when it raised $250M; the new round could reach ~$700M
Reddit, the virtual town square of the consumer internet, has raised a fresh $410 million in funding, valuing it at more than $10 billion, the company said on Thursday. Source: Upv...
CEO Steve Huffman said Reddit plans to use the additional investments to underpin the expansion into new markets, and product improvements, such as enhanced video capabilities and making the website run faster. https://www.wsj.com/... via @WSJ
New York Times
Reddit raises $410M+ led by Fidelity Investments at a $10B+ valuation, up from $6B six months ago when it raised $250M; the new round could reach ~$700M
Reddit, the virtual town square of the consumer internet, has raised a fresh $410 million in funding, valuing it at more than $10 billion, the company said on Thursday. Source: Upv...
2021-07-27
Instagram will steer teenagers toward private accounts and limit how ads are shown to them, amid rising concerns about social media's effects on children's mental health. The platform will make accounts private by default for anyone under the age of 18. https://www.wsj.com/...
NBC News
Instagram announces changes for teen accounts, including making them private by default, restricting messages from “suspicious” adults, and limiting ads
Instagram has introduced protections for its teenage users to default young people into private accounts and make it harder for …
2021-07-14
Facebook is seeking the recusal of Federal Trade Commission Chairwoman Lina Khan in the agency's deliberations on whether to file a new antitrust case against the company https://www.wsj.com/...
Wall Street Journal
Facebook says it is seeking the recusal of FTC chair Lina Khan in the agency's deliberations over a new antitrust case, following a similar move by Amazon
Social-media giant follows Amazon in citing Lina Khan's tech criticisms, congressional work to question her impartiality
2021-06-30
In 2020, Amazon Web Services, the tech giant's cloud computing arm, generated more than twice the cloud infrastructure revenue as No. 2 player Microsoft, Gartner said in a new report https://www.wsj.com/... via @WSJ
ZDNet
Gartner survey of public cloud services in 2020: AWS had $26.2B in revenue, up ~29% and a 41% share overall, followed by Azure with $12.7B in revenue, up ~60%
Jonathan Greig / ZDNet :
2021-06-12
“Everything that has to do with electronic parts comes in late. Tires are in short supply and parts prices have gone up by 20% over the past two months.” - Hector Martinez, who runs Rye Auto Care in Rye, N.Y. The global logistics situation is a mess https://www.wsj.com/...
Wall Street Journal
A fresh wave of COVID-19 outbreaks in Taiwan and Malaysia has disrupted the semiconductor supply chain in those countries, worsening a global chip shortage
Wall Street Journal :
2021-04-22
Years into a boom for venture capital fueled by low interest rates and the prospect of a lucrative hit in tech, deal flow and valuations are reaching new peaks, via @heathersomervil https://www.wsj.com/...
Wall Street Journal
PitchBook: US startups raised $69B in Q1 2021, up 41% from the previous record in Q4 2018, as the average late stage valuation tripled to $1.6B from last year
2021-03-14
What has Google talking spicy? “While ... referral traffic does have value, monetizing that traffic has become increasingly difficult for news organizations because most of the profit has been squeezed out by Google.” — $MSFT's @BradSmi today https://blogs.microsoft.com/ ...
The Keyword
Google says Microsoft's support of a bill for greater bargaining power for news pubs is “self-serving” and intended to distract from the SolarWinds hack
Shots fired (or shots returned) —> Google v. Microsoft “Unfortunately, as competition in these areas intensifies, they are reverting to their familiar playbook of attacking rivals and lobbying for regulations that benefit their own interests.” https://blog.google/...
The Keyword
Google says Microsoft's support of a bill for greater bargaining power for news pubs is “self-serving” and intended to distract from the SolarWinds hack
2021-03-13
What has Google talking spicy? “While ... referral traffic does have value, monetizing that traffic has become increasingly difficult for news organizations because most of the profit has been squeezed out by Google.” — $MSFT's @BradSmi today https://blogs.microsoft.com/ ...
Microsoft On the Issues
In House hearing, Brad Smith says monetizing referral traffic has become increasingly difficult for news pubs because Google squeezes out most of the profit
$MSFT's @BradSmi today https://blogs.microsoft.com/ ... @kerrymflynn : Microsoft's @BradSmi's quotes a Florida resident who lives in a place without a local newspaper: “After years...
Shots fired (or shots returned) —> Google v. Microsoft “Unfortunately, as competition in these areas intensifies, they are reverting to their familiar playbook of attacking rivals and lobbying for regulations that benefit their own interests.” https://blog.google/...
The Keyword
Google says Microsoft's support of a bill for greater bargaining power for news pubs is “self-serving” and intended to distract from the SolarWinds hack
Google has always been committed to providing high-quality and relevant information, and to supporting the news publishers who help create it.
Shots fired (or shots returned) —> Google v. Microsoft “Unfortunately, as competition in these areas intensifies, they are reverting to their familiar playbook of attacking rivals and lobbying for regulations that benefit their own interests.” https://blog.google/...
Microsoft On the Issues
In House hearing, Brad Smith says monetizing referral traffic has become increasingly difficult for news pubs because Google squeezes out most of the profit
$MSFT's @BradSmi today https://blogs.microsoft.com/ ... @kerrymflynn : Microsoft's @BradSmi's quotes a Florida resident who lives in a place without a local newspaper: “After years...
2020-12-30
Details of a state attorneys general lawsuit against Google, including contract terms and company documents, shed light on the legal battle against the tech giant, which is accused of illegally fixing prices in a 2018 contract with Facebook https://www.wsj.com/...
Wall Street Journal