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Cory Weinberg
The Information
@coryweinberg
suffer from male pattern boldness. reporting on Anthropic + the biz of AI @theinformation. @ColumbiaMBA. Let's talk tech (confidentially). Signal: 561 818 3915
Los Angeles, CA
Joined October 2010
Posts
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    Stephanie Kwok, 62, a Cambodian refugee who built a prosperous livelihood in the Los Angeles area with her husband and three sons, died unexpectedly on January 5. She soon would have been my mother-in-law. I have been learning more about her story:
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    Jeff Bezos' original $3 million stake in Uber now worth $400 million. Reminder: he's also an investor in Airbnb and was an angel investor in Google.
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    Bird, a company whose ex-CEO used the term "fake news" to describe an unflattering but accurate news article about it, now tells the SEC it inflated revenue for >2 years.
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    My advice to folks looking for ways to de-stress while working from home: Get off Zoom. Go for a walk. Hop on the phone. Leak something to a reporter.
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    Major SF-based tech layoffs discussed/announced in recent weeks total about 11,000 just between 8 firms. - Uber (5,000) - Airbnb (1,900) - Yelp (1,000) - Lyft (982) - Juul (900) - Opendoor (600) - Eventbrite (500) What's the impact on the SF economy, housing, etc?
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    🚨🛴 Scooter news 🛴🚨 The first detailed financial picture of Lime, the startup with the most scooters on the roads. - It will lose more than $300M on ~$420M of revenue - Depreciation, local ops are 💰💰 - Burned through ~$200M of cash through July thein.fo/1bd66da4661bd7…
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    Email to current & former Stripe employees from John and Patrick Collison, on the firm's 47% down round from 2021: "You might wonder how you should feel about the price...We shouldn't fall victim to anchoring bias."
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    I think my LA hotel room is celebrating this fact?
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    Airbnb committed $8 million over several months to fight the San Francisco ballot measure that would have regulated its business in 2015.
    Airbnb is committing $5 million over the next three years to help address homelessness in San Francsico.
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    "The San Francisco-based startup aims to upgrade the American trailer park, making it a network of intentional communities for the remote-working, previously urban professionals."
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    NEWS: We got Stripe's pitch deck. The payments giant needs $4B by end of '24, more than previously known. It tries to paint itself favorably to other big names, like Airbnb and Amazon. And, of course, there's an AI pitch. w/ @KateClarkTweets
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    A shift is underway at Airbnb. New listings that are full-time/professionally run are growing much faster than its more traditional mom-and-pop/part-time offerings. The company never talks publicly about these categories. We got some data. go.theinformation.com/f835e1d7c04c8d…
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    NEWS: Katerra has told employees it plans to shut down. It had raised more than $2 billion from investors including SoftBank. It now says it doesn't have enough money to pay employee severance or PTO. thein.fo/ad8f39835930c0…