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Wall Street Journal:
Data shows Tencent bought stakes in 277 tech companies between 2013 and 2017, and the value of its stakes in public companies topped $33B at the end of 2017   —  Social-media and videogame giant bought stakes in 277 tech companies since 2013, and its deal-making pace is accelerating
May 19, 2018, 11:10 AMIn context
Greg Bensinger / Wall Street Journal:
Uber's chief product officer Jeff Holden, who helped to develop Uber Pool and oversaw its flying-taxi initiative, is leaving the company on Thursday   —  Company had hired Holden from Groupon in 2014  —  Uber Technologies Inc.'s chief product officer, Jeff Holden, who helped develop Uber Pool …
May 17, 2018, 6:55 PMIn context
Wall Street Journal:
Analysis of 1,450 ICOs finds 271 have red flags including plagiarized white papers, fake execs, promised returns; investors poured $1B+ into these 271 offerings   —  A Wall Street Journal analysis of 1,450 cryptocurrency offerings reveals rampant plagiarism, identity theft and promises of improbable returns
May 17, 2018, 1:25 PMIn context
Wall Street Journal:
Sources: two of the largest tech-focused private equity firms, Vista Equity Partners and Thoma Bravo, are each looking to raise $10B+ funds   —  Two of the largest technology-focused private-equity firms are competing to raise money for what would be their biggest funds
May 17, 2018, 10:50 AMIn context
William Wilkes / Wall Street Journal:
How automation is leading to job growth in certain industries where robots take on repetitive tasks, freeing humans for more creative, problem-solving duties   —  Automation is leading to job growth in certain industries where machines take on repetitive tasks, freeing humans for more creative duties
May 16, 2018, 9:25 AMIn context
Mayumi Negishi / Wall Street Journal:
While SoftBank's near-$100B Vision Fund has yet to close, CEO Masayoshi Son says he's already planning a second fund, not within six months but in “near future”   —  The launch of Vision Fund II is ‘just a matter of time,’ says Masayoshi Son  —  SoftBank Group Corp.'s 9984 -.57% …
May 15, 2018, 4:27 PMIn context
Deepa Seetharaman / Wall Street Journal:
Sources: Facebook's spending on content-review teams has ballooned to hundreds of millions of dollars for 2018   —  Social-media giant is pouring cash into content review after high-profile failures that have hurt its image  —  Facebook Inc. FB -1.45% has spent more than a decade building …
May 15, 2018, 1:00 PMIn context
Wall Street Journal:
Kaspersky Lab says it will relocate some core operations from Russia to Switzerland, after US and UK intelligence agencies expressed concern about interference   —  Russian antivirus-software company will set up a new data center in Zurich by late 2019  —  Russian antivirus-software company …
May 15, 2018, 7:50 AMIn context
Wall Street Journal:
Sources: New Enterprise Associates to sell stakes in about 20 startups worth roughly $1B, in response to the slowdown in IPOs   —  New Enterprise Associates seeks to create new venture-capital firm that would buy its stakes in about 20 companies  —  New Enterprise Associates …
May 14, 2018, 2:30 PMIn context
Tim Higgins / Wall Street Journal:
Sources: Tesla engineers discussed adding eye tracking and better sensors to Autopilot to help alert drivers, were rejected over tech's ineffectiveness and cost   —  Executives rejected adding more tech warnings to inattentive drivers, due to concerns over effectiveness and costs
May 14, 2018, 2:05 PMIn context

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