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The Briefing
ai
crypto
Court Ruling Will Create Ripples for Individual Crypto Investors
By
Akash Pasricha
· July 13, 2023 5:00 PM PDT
Good news for institutional crypto investors: The courts have your back. But as for individual traders: You’re on your own. That was the spirit of a New York district judge’s ruling on an SEC lawsuit against Ripple Labs, which alleged that the crypto firm illegally sold securities. In a split-the-crypto decision, the judge ruled that Ripple...
Good news for institutional crypto investors: The courts have your back. But as for individual...
The Briefing
semiconductors
media/telecom
What Disney’s Iger Should Do With His Extra Two Years
By
Martin Peers
· July 12, 2023 5:00 PM PDT ·
2 comments
Talk about kicking the can down the road. Disney today extended CEO Bob Iger’s contract by two more years, giving him until the end of 2026 to fix the beleaguered House of Mouse. Oh, and he’ll work on a CEO succession plan, the company said, although it made the same comment when it brought Iger back to replace his short-lived successor (the...
Talk about kicking the can down the road. Disney today extended CEO Bob Iger’s contract by two...
The Briefing
microsoft
media/telecom
FTC’s Khan Should Pick Her Targets More Carefully
By
Martin Peers
· July 11, 2023 5:00 PM PDT ·
1 comment
Lina Khan needs to work on her aim. A judge’s ruling today against the Federal Trade Commission’s request to block Microsoft’s purchase of Activision was so definitive that it has to hurt the regulator’s credibility, at least when it comes to tech cases. Coming immediately after a similar defeat involving Meta Platforms, the ruling suggests that...
Lina Khan needs to work on her aim. A judge’s ruling today against the Federal Trade Commission’s...
For Threads, Usage Is What Matters, Not Downloads
By
Martin Peers
· July 10, 2023 5:03 PM PDT ·
2 comments
The Briefing
e-commerce
media/telecom
For Threads, Usage Is What Matters, Not Downloads
By
Martin Peers
· July 10, 2023 5:03 PM PDT ·
2 comments
It’s July, which means on the East Coast it’s hot and humid and in San Francisco it’s winter. It also means we’re in a news desert, which partly explains the breathlessness (not to mention brainlessness) of much of the coverage of Threads’ rapid rise to 100 million downloads. Leave aside the fact that it’s easier to get to 100 million...
It’s July, which means on the East Coast it’s hot and humid and in San Francisco it’s winter. It...
The Briefing
ai
facebook
Why Threads Is Bad for the News Business
By
Jessica E. Lessin
· July 6, 2023 5:00 PM PDT ·
10 comments
By now we have all read myriad analyses of Threads, Instagram’s new Twitter killer. You’ve probably seen that Twitter is threatening to sue Meta over the app, alleging that the company stole “trade secrets.” Hmm, I wonder how the lawsuit will affect the big MMA fight between Mark Zuckerberg and Elon Musk?While there are a lot of angles to...
By now we have all read myriad analyses of Threads, Instagram’s new Twitter killer. You’ve...
The Briefing
facebook
media/telecom
What Threads Could Mean for Meta…and Twitter
By
Martin Peers
· July 5, 2023 5:00 PM PDT ·
4 comments
If there’s a tech billionaire the news media hates more than Mark Zuckerberg, it's Elon Musk. That's why you're seeing an unusual deluge of positive coverage for Meta Platforms' Twitter rival app, Threads, which formally launched a short time ago. The positivity won’t last, to be sure. Before too long—give it a week—someone in the media will...
If there’s a tech billionaire the news media hates more than Mark Zuckerberg, it's Elon Musk....
The Briefing
startups
asia
Reddit Battle Spotlights Existential Question
By
Martin Peers
· July 3, 2023 5:00 PM PDT ·
1 comment
It’s that point of the early summer when many in tech and business take a well-deserved break. Aside from the nonstop machinations of Elon Musk—whose only purpose in life, apart from transforming cars and rockets, seems to be keeping journalists employed—the most interesting tech news story of recent days centers on Reddit. The site’s volunteer...
It’s that point of the early summer when many in tech and business take a well-deserved break....
What Supreme Court Ruling Means for Tech Hiring
By
Jessica E. Lessin
· June 29, 2023 5:00 PM PDT ·
3 comments
The Briefing
startups
policy
What Supreme Court Ruling Means for Tech Hiring
By
Jessica E. Lessin
· June 29, 2023 5:00 PM PDT ·
3 comments
For any folks in Silicon Valley who don’t often pay attention to what is happening in Washington, today is a day they should.As the country digests the U.S. Supreme Court’s overturning of race-based admissions in colleges, my mind turned to what the ruling could mean for companies’ efforts to diversify their ranks. After talking to about half a...
For any folks in Silicon Valley who don’t often pay attention to what is happening in Washington,...
The Briefing
asia
microsoft
The Risks of Cutting Off China
By
Martin Peers
· June 28, 2023 5:00 PM PDT ·
3 comments
The Great Wall dividing the U.S. from China is about to get higher. A Wall Street Journal report that the Biden administration is considering further tightening exports of artificial intelligence chips to China triggered a sell-off in chip stocks on Wednesday. Shares of Nvidia, the dominant provider of chips for generative AI, fell 1.8%. To be...
The Great Wall dividing the U.S. from China is about to get higher. A Wall Street Journal report...
The Briefing
amazon
facebook
Musk v. Zuckerberg and Silicon Valley’s Dangerous Road
By
Jessica E. Lessin
· June 27, 2023 5:00 PM PDT ·
4 comments
I’ll just say it: Things are starting to look ridiculous in Silicon Valley again. Two of our most at times admired, at times reviled tech leaders are getting ready to fight each other in a mixed martial arts cage match. And, as The Wall Street Journal reported today, boards and businesses across tech are dealing with a new problem: workplace...
I’ll just say it: Things are starting to look ridiculous in Silicon Valley again. Two of our most...
The Briefing
startups
enterprise
Deal Monday Returns With Spate of AI and Enterprise Acquisitions
By
Martin Peers
· June 26, 2023 5:00 PM PDT
The deal market lives. For the second time this month, we woke up Monday morning to a big enterprise software acquisition. This time, it was IBM (remember that company?) buying data management firm Apptio for $4.6 billion from Vista Equity Partners. People with long memories of obscure enterprise software firms (you know who you are) will recall...
The deal market lives. For the second time this month, we woke up Monday morning to a big...
Can a Hollywood Operator Help TikTok? That Didn’t Go So Well the First Time
By
Jessica E. Lessin
· June 22, 2023 5:17 PM PDT ·
1 comment
The Briefing
microsoft
media/telecom
Can a Hollywood Operator Help TikTok? That Didn’t Go So Well the First Time
By
Jessica E. Lessin
· June 22, 2023 5:17 PM PDT ·
1 comment
“Terrifying.”That was the word from a longtime Hollywood hand when I asked for the person’s reaction to Disney’s former communications czar, Zenia Mucha, joining TikTok to lead brand marketing and communications. For a little context, Mucha is known as one of the toughest and best communications leaders in the land. For two decades, she ran...
“Terrifying.”That was the word from a longtime Hollywood hand when I asked for the person’s...
The Briefing
microsoft
amazon
What the FTC Misses With Amazon Lawsuit
By
Martin Peers
· June 21, 2023 5:00 PM PDT ·
4 comments
In its war on big tech, the Federal Trade Commission has opened a new front. In a lawsuit filed against Amazon today, the FTC accused the e-commerce giant of duping millions of consumers into “unknowingly” enrolling in its Amazon Prime service and then making it really difficult for them to cancel. So this is what Amazon founder Jeff Bezos meant...
In its war on big tech, the Federal Trade Commission has opened a new front. In a lawsuit filed...
The Briefing
asia
ai
Investors Miss The Big Picture On Alibaba Shakeup
By
Martin Peers
· June 20, 2023 5:00 PM PDT
Talk about falling out of favor. Alibaba’s news today that its chair and CEO Daniel Zhang would step down so he can focus on the spinoff of Alibaba’s cloud unit—which he will continue to run—sent the company’s shares down 4.5%. That makes little sense on a number of levels. For one thing, as we wrote last year, there have long been questions...
Talk about falling out of favor. Alibaba’s news today that its chair and CEO Daniel Zhang would...
The Briefing
markets
media/telecom
Cava Is No Cure for IPO Indigestion
By
Cory Weinberg
· June 15, 2023 5:02 PM PDT
Fast-casual Mediterranean chain Cava, celebrating its public debut, handed out spicy falafel outside the New York Stock Exchange earlier today. Investors must like feta. The company’s stock finished the day up 99% from its initial public offering selling price. That’s a positive sign for the dormant IPO market, no doubt. But those venture...
Fast-casual Mediterranean chain Cava, celebrating its public debut, handed out spicy falafel...
Why the European Antitrust Case Against Google Might or Might Not Matter
By
Martin Peers
· June 14, 2023 5:00 PM PDT
The Briefing
microsoft
google
Why the European Antitrust Case Against Google Might or Might Not Matter
By
Martin Peers
· June 14, 2023 5:00 PM PDT
Margrethe Vestager must have been getting a little antsy. The European Commission antitrust boss has been relatively quiet lately even as her British counterpart has been throwing punches at big tech companies, including by forcing Meta Platforms to divest Giphy and then blocking Microsoft’s purchase of Activision. In contrast, the Europeans...
Margrethe Vestager must have been getting a little antsy. The European Commission antitrust boss...
The Briefing
markets
e-commerce
New Revelations About Shopify’s Deliverr Sale Spotlights CEO
By
Martin Peers
· June 13, 2023 5:00 PM PDT
When business historians look back at what happened in tech between 2020 and 2022, one subject they’ll likely explore is the mass suspension of disbelief that led venture capitalists, startup founders and big companies to go wild spending money on all sorts of crazy stuff. We’re now living through the retreat from those moves, which we at The...
When business historians look back at what happened in tech between 2020 and 2022, one subject...
The Briefing
markets
enterprise
Thoma Bravo Hits Home Run With Adenza Deal
By
Martin Peers
· June 12, 2023 5:00 PM PDT
The pace of tech news is picking up—and not just because antitrust regulators in both Europe and the U.S. are busy filing new lawsuits against big tech companies. And it has little to do with the fact that Twitter is once again communicating with the news media using something other than a poop emoji. No, today’s significant tech news...
The pace of tech news is picking up—and not just because antitrust regulators in both Europe and...
The Briefing
google
facebook
Why the Return to the Office Is Inevitable
By
Martin Peers
· June 8, 2023 5:00 PM PDT ·
38 comments
For proponents of a return to working in the office, it’s two steps forward and one step back. The haze of Canadian smoke that hung over New York City and other parts of the East Coast this week gave people a reason to stay inside. Some schools shuttered their doors. People on the streets have been wearing masks. Yes, it has felt a bit like...
For proponents of a return to working in the office, it’s two steps forward and one step back....
The Real CNN Drama is Cable News' Growing Irrelevance
By
Martin Peers
· June 7, 2023 5:00 PM PDT
The Briefing
entertainment
e-commerce
The Real CNN Drama is Cable News' Growing Irrelevance
By
Martin Peers
· June 7, 2023 5:00 PM PDT
To paraphrase Tolstoy, each unhappy TV channel is unhappy in its own way. And as illustrated by the leadup to the Wednesday exit of CNN’s CEO, Chris Licht, the cable news channel hasn’t been a happy place lately. That’s not likely to change now that Licht is gone. Beyond the gossipy drama behind his departure is the reality that CNN and its...
To paraphrase Tolstoy, each unhappy TV channel is unhappy in its own way. And as illustrated by...
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