Amir Efrati, The Information

Amir Efrati

The Information

San Francisco, CA, United States

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Past articles by Amir:

Food Delivery Wars Heat Up as 7-Eleven Quietly Acquires a Delivery Startup

7-Eleven, the Japanese-owned convenience store chain, has acquired Skipcart, a four-year-old startup that developed a major network of drivers for fast delivery of restaurant food and other goods in the U.S., according to twopeople with knowledge of the deal. The move is significant because it ... → Read More

Google Overhauls Performance Review System After Employee Criticism

Google is scrapping a time-consuming, twice-a-year staff performance review process in an effort to improve morale and reduce the time employees spend preparing the assessments, according to people familiar with the changes. CEO Sundar Pichai told staff Wednesday that the new program, which will ... → Read More

Jack Dorsey’s Discord With His Hand-Picked Twitter Board Could Boost Musk

In the battle over Twitter, one wild card is Elon Musk, who bought a 9% stake and is now trying to buy the company. The other is Jack Dorsey, Twitter’s enigmatic co-founder and former CEO. Last week Twitter’s 11-member board of directors, which includes Dorsey, appeared to present a unified ... → Read More

Twitter Board Expected To Fight Musk Offer

Twitter’s board of directors views Elon Musk’s takeover offer as unwelcome, said a person familiar with the situation, suggesting it will fight the bid. One person close to the situation said that the board wanted to support CEO Parag Agrawal, who only assumed the role in November. Meanwhile, ... → Read More

New Talkdesk Financing Targets $10 Billion Valuation

Talkdesk, a developer of cloud-based software to manage call centers and other customer service, has indicated it is raising a new round of capital that would grant the company access to the “decacorn” club, a fast-growing group of privately held startups whose valuation exceeds $10 billion. The ... → Read More

Apple’s Spending on Google Cloud Storage On Track to Soar 50% This Year

Apple executives have taken swipes at Google in the past over its privacy practices. But the iPhone maker trusts Google enough so that over the past year it has dramatically increased the amount of Apple user data it stores in Google’s cloud, according to a person with direct knowledge of the ... → Read More

Two More Self-Driving-Truck Developers Consider Public Offerings

Embark Trucks and Locomation, both of which develop self-driving semitrailers to haul freight over long distances, have recently discussed going public, including by merging with a shell company known as a special purpose acquisition vehicle, according to two people with knowledge of the ... → Read More

Amazon, Microsoft and Google Pursue $1 Billion Cloud Deal With Boeing

The biggest cloud computing companies—Amazon, Microsoft and Google—often pull out all the stops to land long-term contracts with marquee corporate customers. The latest prize all three are pursuing, according to four people with knowledge of the matter, is a multiyear deal to provide cloud ... → Read More

‘These Guys Are Very Different’: Inside Andreessen Horowitz’s Rise

As recently as two years ago, the performance of Andreessen Horowitz’s investments in tech startups were average, despite the firm’s outsize public profile. But its partners had placed bigger bets on cryptocurrencies than almost anyone else, and they did so during moments when most investors had ... → Read More

Amazon Steps Up Silicon Ambitions With New Networking Chip

Over the past several years, Amazon has designed its own silicon chips to speed up the performance of servers in its cloud data centers and the artificial intelligence services it sells to customers. Now, in a big step toward seizing control over a key component in its technologies, Amazon is ... → Read More

Instacart Eyes Fourth-Quarter Public Listing, International Expansion

Grocery-delivery app Instacart has been among the biggest beneficiaries of Americans being stuck at home during the pandemic. But its executives don’t want future buyers of its stock to worry about what happens when that ends. The company, which hopes to become a major challenger to Amazon by ... → Read More

Microsoft’s New Gig: A LinkedIn Freelancer Market Rivaling Upwork, Fiverr

LinkedIn is developing a new service called Marketplaces to let its 740 million users find and book freelancers, pitting it against publicly traded firms such as Upwork and Fiverr, according to two people with direct knowledge of the matter. The career-focused networking site owned by Microsoft ... → Read More

Andreessen Horowitz Wins Deal for Creator Economy Startup Stir at $100 Million Valuation

Andreessen Horowitz recently won a competitive deal to lead the Series A financing of Stir Money, a startup whose software helps video and audio producers, writersand performers manage the income they generate from ads on social media and via direct payments from fans. The Silicon Valley ... → Read More

Amazon’s Shakeup: Five Questions and Answers About the Bezos-Jassy Bombshell

Jeff Bezos’ decision to step aside as CEO of Amazon in favor of his lieutenant, Andy Jassy, is an earth-shaking move in the tech industry. Bezos has built Amazon into one of America's biggest companies, with its tentacles in a wide range of businesses. Jassy's appointment also means that four ... → Read More

How Google Learned to Embrace Its Inner Oracle

Thomas Kurian wasn’t pleased. In mid-2019, a few months after Kurian had joined Google, the internet giant’s cloud computing service suffered a series of outages, including one that took down several of Google’s own services, along with those of major customers like Snap and Spotify. Kurian—CEO ... → Read More

Patreon Considers Public Listing as Soon as This Year

Patreon, the online service that allows podcasters, musicians and other artists to receive direct financial support from fans, is considering a public listing as soon as this year, said a person with knowledge of discussions. The San Francisco startup has met with banks and has been approached ... → Read More

What the Google Ads Antitrust Lawsuit Doesn’t Say

Antitrust lawsuits are meant to make their targets look bad, and the Texas attorney general’s long-anticipated case filed on Wednesday against Google for allegedly using advertising technology to muscle out competitors is no exception. There are the “Star Wars”–related code names Google used to ... → Read More

Ten Questions for DoorDash’s IPO Investors to Ask

DoorDash is a household name that is about to go public, but it has received scant coverage in the U.S. business press compared to another soon-to-go-public firm based in San Francisco—Airbnb. And after years of heavy losses across the food-delivery industry, the prevailing wisdom is that such ... → Read More

Two Senior Lyft Execs Depart on Eve of California Ballot Showdown

Two senior executives at Lyft, in charge of strategic initiatives and design, are leaving the ride-hailing firm, The Information has learned. News of their departures, which follow the exits of three other senior executives in the past few months, came on the eve of the vote on Proposition 22, ... → Read More

Microsoft, AWS, Others Boast of ‘Exclusive’ Cloud Customers Who Aren’t

Microsoft and OpenAI, a hot new artificial intelligence startup co-founded by Elon Musk, first began cozying up to each other in 2016. That year, OpenAI began to buy cloud services from Microsoft, dubbing the company’s Azure business the startup’s “primary” cloud provider. In July 2019, OpenAI ... → Read More