Tag: Start-ups

‘Facebook: The Inside Story’ Offers a Front-Row Seat on Voracious Ambition

FACEBOOK The Inside Story By Steven Levy After a spate of seemingly nonstop scandals, Facebook has developed a strategy to explain the myriad problems enabled by its social network. Whether the issue is Russian election interference, metastasizing fraudulent news or incitements to genocide in Myanmar, the company essentially hews to the same talking points: Facebook’s […]

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Intuit to Buy Credit Karma to Create Financial Data Giant

SAN FRANCISCO — Intuit, the parent company of TurboTax and Mint, agreed on Monday to pay $7.1 billion for Credit Karma, a start-up that has become one of the most popular financial applications for young consumers. The deal, which is being done with both cash and stock, is expected to create a Silicon Valley financial […]

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New Genomic Tests Aim to Diagnose Deadly Infections Faster

Ryan Springer’s mystery illness began last summer with a dull ache in his chest. Over the next few days, the symptoms grew more alarming: sharp pain with every breath, a rapid heartbeat and a spiking fever. Emergency room doctors at Carle Foundation Hospital in Urbana, Ill., were stumped. They ordered up a lung biopsy and […]

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As the Start-Up Boom Deflates, Tech Is Humbled

SAN FRANCISCO — Over the past decade, technology start-ups grew so quickly that they couldn’t hire people fast enough. Now the layoffs have started coming in droves. Last month, the robot pizza start-up Zume and the car-sharing company Getaround slashed more than 500 jobs. Then the DNA testing company 23andMe, the logistics start-up Flexport, the […]

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Big Tech’s Takeovers Finally Get Scrutiny

With all the noisy news flooding the zone in Washington this week — including President Trump doing his best Michael “Fredo, you broke my heart” Corleone in taking out his perceived enemies as if it’s the end of “The Godfather: Part II” — it was easy to miss one of the most important moments in […]

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Andy Rubin’s Start-Up, Essential Products, Shuts Down

SAN FRANCISCO — Essential Products, a consumer electronics start-up founded by the former Google executive Andy Rubin, said on Wednesday that it was ceasing operations. Once considered one of Silicon Valley’s most promising hardware technology start-ups, Essential had raised $330 million in outside funding because of the track record of Mr. Rubin, who is widely […]

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The Only Safe Election Is a Low-Tech Election

After Monday’s Iowa caucus debacle, I’ve decided that Americans should vote by etching our preferred candidate’s name into a stone tablet with a hammer and chisel. Or maybe by dropping pebbles into a series of urns, as the ancient Greeks did. Or possibly just by voting the way we voted for much of the 20th […]

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The Uneasy Promise of Life in Silicon Valley

A couple of decades ago, it was easy to recognize a “selling out” narrative: An artist or group labors in obscurity doing good work until a corporation spots them and offers money and fame in exchange for creative control. The “suits” file the edges to make the product marketable, disappointing original fans. Any social critique […]

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Tech Loses a Prophet. Just When It Needs One.

It’s nothing but noise, all the time. We get hammered every second from an incessant sousaphone of tweets and from the righteous rage machine that screams at us in this digitized 24/7/365 communications world that we have built. What you might not know is that we have long had a name for what started this […]

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Lyft Said to Plan Restructuring and Job Cuts

SAN FRANCISCO — Lyft plans to announce a corporate restructuring on Wednesday that will result in job cuts, according to two people with knowledge of the plans, as the ride-hailing company grapples with questions about whether it can make money. The scope of the layoffs was unclear. Lyft plans to inform employees on Wednesday, said […]

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G.M.’s Cruise Unveils a Self-Driving Car. Don’t Look for It on Roads.

SAN FRANCISCO — Cruise, the autonomous vehicle division of General Motors, unveiled an ambitious new vehicle on Tuesday that its executives said was “the beginning of the future beyond the car.” Emphasis on “beginning.” The futuristic electric vehicle, called the Cruise Origin, has a long road to travel before any passengers will be able to […]

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