Posted on

Why Turkey’s Regulators Became Such a Problem for Google

Type “running shoes,” “best laptop” or “camping equipment” into Google from just about anywhere in the world and the top of the screen will show a carousel of ads from websites promoting products to browse and compare.Not in Turkey. Google eliminated those advertisements last year after Turkish antitrust officials ordered the company to make it easier for competing shopping websites to appear more prominently in the ads.The Turkish demands went further to crack down on Google’s shopping service than any other global regulator had to that point. But that was not all. In April, the country’s …

Read More

Posted on

BuzzFeed Is Going Public. Now What for Vox Media, Group Nine and Vice?

“For us, it’s a question of ambition and opportunity, and we are ambitious,” said Jim Bankoff, Vox Media’s chief executive. “We are going to evaluate our options, but we’re going to do it from a position of strength.” He would not comment on financial details or any potential deals.Group Nine had talks with major publishers, including Vox Media, about a possible merger for its own SPAC listing, but so far none have materialized, according to three people with knowledge of the matter. Ben Lerer, the head of Group Nine, said in an interview that the company …

Read More

Posted on

China’s Tencent Suspends New Registrations for WeChat

The Chinese internet giant Tencent said Tuesday that it had temporarily suspended new user registrations for its hugely popular WeChat app, raising fears of new regulatory pressures even as it insisted the outage was the result of a technical upgrade.Tencent said in a statement that the shutdown, which affected only new users and groups registering for the app, would be over by early August and was part of a fix to its security technology.The timing of the suspension left investors uneasy, with concerns mounting that a regulatory rampage aimed at the technology sector could heavily affect Tencent, China’ …

Read More

Posted on

QR Codes Are Here to Stay. So Is the Tracking They Allow.

SAN FRANCISCO — When people enter Teeth, a bar in San Francisco’s Mission neighborhood, the bouncer gives them options. They can order food and drinks at the bar, he says, or they can order via a QR code.Each table at Teeth has a card emblazoned with the code, a pixelated black-and-white square. Customers simply scan it with their phone camera to open a website for the online menu. Then they can input their credit card information to pay, all without touching a paper menu or interacting with a server.A scene like this was a rarity 18 months ago, but …

Read More

Posted on

As Cyberattacks Surge, Security Start-Ups Reap the Rewards

On a Friday evening in October, Mr. Chandna, the Greylock venture capitalist, introduced the chief executive of an email security company he had invested in, Abnormal Security, to another investor, he said. That investor, Venky Ganesan of Menlo Ventures, who had been pursuing a meeting with the chief executive, Evan Reiser, for months, immediately emailed Mr. Reiser to invite him to dinner that night.Mr. Reiser drove, he said, from San Francisco to Mr. Ganesan’s home in Atherton, Calif., about 30 miles away. By the end of the weekend, Abnormal had signed a deal to raise $50 million at a $600 million …

Read More

Posted on

How Tech Won the Pandemic and Now May Never Lose

On March 13, 2020, Glenn Kelman, the chief executive of the online real estate broker Redfin, was biking to work when he got a call from Henry Ellenbogen, a longtime investor in Redfin who had started his own fund.At Harvard, Mr. Ellenbogen majored in the history of technology. One big thing he learned, he has said, was that technology is developed well in advance of people’s ability and willingness to use it.“Tell me something,” Mr. Ellenbogen asked Mr. Kelman, according to an account the chief executive posted on Redfin’s website. “When people start touring homes via an iPhone, …

Read More

Posted on

La era del espacio como negocio ha comenzado

El aniversario del alunizaje del Apolo 11 marcó un pequeño paso para los viajes espaciales, pero un gran salto para los multimillonarios con empresas espaciales.Este mes, Jeff Bezos y Richard Branson demostraron de manera vívida que al parecer es seguro, y sobre todo divertido, elevarse hasta los confines del cielo. Este planeta tiene tantos problemas que es un alivio escapar de él, aunque sea durante 10 minutos, que fue más o menos el tiempo de los viajes suborbitales que ofrecieron los empresarios a través de sus respectivas compañías, Blue Origin y Virgin Galactic.Pero más allá de la estupefacción había un …

Read More

Posted on

Silicon Valley’s Best Pandemic Ever

On March 13, 2020, Glenn Kelman, the chief executive of the online real estate broker Redfin, was biking to work when he got a call from Henry Ellenbogen, a longtime investor in Redfin who had started his own fund.At Harvard, Mr. Ellenbogen majored in the history of technology. One big thing he learned, he has said, was that technology is developed well in advance of people’s ability and willingness to use it.“Tell me something,” Mr. Ellenbogen asked Mr. Kelman, according to an account the chief executive posted on Redfin’s website. “When people start touring homes via an iPhone, …

Read More

Posted on

The Amazonification of Space Begins in Earnest

The anniversary of the Apollo moon landing marked one small step for space travel but a giant leap for space billionaires.Jeff Bezos and Richard Branson vividly demonstrated this month that soaring up to the near reaches of the sky appeared safe and, above all, a lark. The planet has so many problems that it is a relief to escape them even for 10 minutes, which was about the length of the suborbital rides offered by the entrepreneurs through their respective companies, Blue Origin and Virgin Galactic.But beyond the dazzlement was a deeper message: The Amazonification of space has begun …

Read More

Posted on

Robinhood’s Guinea Pig for Upending Public Offerings: Itself

SAN FRANCISCO — When Vlad Tenev and Baiju Bhatt created the stock trading app Robinhood in 2013, the entrepreneurs declared that their mission was to democratize Wall Street and make finance accessible to all. Now as they prepare to make their company public, they are taking that ethos to a new extreme.Mr. Tenev and Mr. Bhatt have long discussed how Robinhood’s initial public offering would be more open than any other offering that came before it, three people close to the company said. This week, the two founders laid out the details: Robinhood plans to sell as much as a …

Read More