Pelton priced its IPO, then plummeted. eBay’s top executive
exited. Once-sizzling SoftBank is sinking. The verdict is in on WeWork: It is
not a technology company. Supersized talent agency Endeavor yanked its
There’s so much to choose from I’m going with none of the above and instead sharing a few its and bits to start your day:
* Being super-hyped has dramatic downsides. Chinese car maker NIO now trades for less than $2 per share. It had been billed as a Tesla killer, but as this Bloomberg piece points out, it is more WeWork than Tesla. NIO had it all: a hot entrepreneur, important investors, high-level recruits. Now it has almost nothing.
* I noted recently that when I went into an Apple store some time ago the sales clerk convinced me I didn’t need to upgrade my phone. Kudos to Apple for empowering its retail employees with such truth-telling latitude, even if a longer-term business problem means its phones don’t need to be replaced. (This understanding is part of Apple’s services push.) I was intrigued with similar honesty behind this piece by New York Times gadget reviewer Brian Chen explaining that he no longer feels compelled to recommend upgrades, either, just because Apple comes out with a new phone. “Last year’s iPhones don’t feel outdated,” he writes. “Phone reviews do.”
* All of Hollywood will be devouring this masterful
interview Maureen Dowd conducted with Disney CEO Robert Iger. Dowd clearly
is a fan, but there are genuine insights here about management, acquisitions,
relationships (including Iger’s partnership with Steve Jobs), and Iger’s
matter-of-fact description of how Disney came close to but decided not to buy
Twitter. (The latter has created something of a news
cycle of its own.)
* Microsoft made good on a commitment to invest from its own balance sheet on affordable housing in its own region. This is refreshing because Microsoft isn’t couching its loans in fuzzy terms around “purpose” but rather in a rational, self-serving manner that assumes that what’s best for its community is best for its business.
On Twitter: @adamlashinsky
Email: [email protected]