A lot is riding on a new London-based COO to help justify the company’s $45 billion valuation. WeWork is shuffling around some of its most senior executives as it tries to build out its international presence, which is a big test for the office-rental company in justifying its recent $45 billion valuation. Eugen Miropolski, who [...]
Plus: Say hello to the first billion-dollar sneaker reseller, and Pinterest and the video-chat service Zoom prove that maybe the sky isn’t falling for IPOs in 2019. Included in special counsel Robert Mueller’s 448-page report were pages and pages of details about Russia’s attempts to use social media services, like Facebook and Twitter, to sway [...]
DST, the venture capital firm founded by Yuri Milner, is expected to lead the deal. The online sneaker resale marketplace StockX is in advanced talks to be valued at at least $1 billion in a new round of financing, Recode has learned. DST Global, the late-stage venture firm run by Russian-American billionaire Yuri Milner, is [...]
This number is much, much bigger than Facebook originally shared. On the same morning Special Counsel Robert Mueller’s report on Russian election interference finally became public, Facebook dropped some troubling news: Millions of Instagram users’ passwords were accidentally stored unencrypted on Facebook’s servers, which means Facebook employees could access them. Facebook first announced late last [...]
Hempel joined the site’s editorial team this year after 17 years at magazines like Businessweek, Fortune, and Wired. The core business of Microsoft-owned LinkedIn is helping professionals network and find new jobs — but unlike its social media peers, it’s unabashedly a media company, too. A team of 50 editors, led by editor-in-chief Dan Roth [...]
Plus: Susan Wojcicki has one of the toughest jobs in Silicon Valley, and Apple and Google are blocking TikTok in India. Facebook is building a voice assistant to rival similar assistants from Amazon, Apple, and Google. Facebook is also talking to companies in the smart-speaker supply chain, according to a story from CNBC. A personal [...]
Microsoft has persistently tried to acquire Zoom, the video chat tool, sources tell Recode. 2019 is supposed to be the year of the monster tech IPO. And it still might be. But, apparently, not without some copious doomsaying. In a year likely to feature some of the most well-known tech startups — Uber, Lyft, Peloton, [...]
Plus: Twitter claims it’s improving when it comes to fighting spam and abuse, and Netflix has nearly 150 million subscribers. Silicon Valley can’t agree on which Democratic presidential candidate to get behind. The Federal Election Commission’s first fundraising snapshot came out Monday, and it shows that money from Silicon Valley’s tech leaders is spread across [...]