Morning Agenda: Tech Giants Feel the Pressure Worldwide
- 7 years ago
Morning Agenda: Tech Giants Feel the Pressure Worldwide
JPMorgan Chase’s chief executive, Jamie Dimon, argued last week
that Bitcoin was a “fraud.” His main contention: one “can’t have a business where people are going to invent a currency out of thin air.”
But Jeremy G. Philips, a partner at Spark Capital, asserts in Another View on DealBook that the banking executive is mistaken.
Caveat: BandLab Technologies, a music tech company based in Singapore, took a 49 percent stake
in Rolling Stone last year for $40 million, which could complicate a potential deal.
Despite tangible overhauls at places like Uber and Social Finance, Ms. Pao — who memorably sued her
old firm, Kleiner Perkins Caufield & Byers, for discrimination — says that more work must be done.
In Other SoftBank News: The Japanese tech conglomerate is still interested in ride-hailing
— it is near a deal to invest billions into Uber — and many, many other things.
Stewart Butterfield, Slack’s chief executive, conceded
that with revenue at that level, tech companies would usually have held an initial public offering by now.
Worth Noting: The Wenners’ decision comes after magazine editors across the industry announced they would step down:
Graydon Carter at Vanity Fair, Robbie Myers at Elle, Nancy Gibbs of Tim magazine and Cindi Leive of Glamour.
JPMorgan Chase’s chief executive, Jamie Dimon, argued last week
that Bitcoin was a “fraud.” His main contention: one “can’t have a business where people are going to invent a currency out of thin air.”
But Jeremy G. Philips, a partner at Spark Capital, asserts in Another View on DealBook that the banking executive is mistaken.
Caveat: BandLab Technologies, a music tech company based in Singapore, took a 49 percent stake
in Rolling Stone last year for $40 million, which could complicate a potential deal.
Despite tangible overhauls at places like Uber and Social Finance, Ms. Pao — who memorably sued her
old firm, Kleiner Perkins Caufield & Byers, for discrimination — says that more work must be done.
In Other SoftBank News: The Japanese tech conglomerate is still interested in ride-hailing
— it is near a deal to invest billions into Uber — and many, many other things.
Stewart Butterfield, Slack’s chief executive, conceded
that with revenue at that level, tech companies would usually have held an initial public offering by now.
Worth Noting: The Wenners’ decision comes after magazine editors across the industry announced they would step down:
Graydon Carter at Vanity Fair, Robbie Myers at Elle, Nancy Gibbs of Tim magazine and Cindi Leive of Glamour.