| Hello, and welcome to this week's edition of the Insider Tech newsletter, where we break down the biggest news in tech, including: Soundtrack: This week's newsletter has been specially designed to be consumed while listening to Michael McDonald's "I keep forgettin'"
This week: Goodbye Bezos, Hello Armstrong — the billionaire life cycle 
On Thursday, Amazon founder Jeff Bezos penned his final letter as CEO of the retail giant he launched 27 years ago. Bezos' letters are an annual tradition, and his farewell address is full of insight about his views on the business and current events, with warnings about threats to democracy and the environment, and the need for all us to proactively take action. Even as Bezos rides off into the sunset, new tech billionaires are being minted. This week, the world was introduced to Brian Armstrong, the founder and CEO of Coinbase, a cryptocurrency company whose stock took off like a rocket in its direct listing. But Armstrong's success is also being celebrated by some as an I-told-you-so moment for another reason. In September, Armstrong caused a firestorm by declaring that Coinbase was an "apolitical" company and prohibited Coinbase employees from talking politics at work — more than 60 employees quit in response (taking up Armstrong's buyout offer). Now, with Coinbase worth $100 billion, Silicon Valley's libertarian faction is claiming vindication against the "woke mob." It's worth making two brief points: - Stock pops — whether of the first day of IPOs or direct listings — aren't forever.
- Sure, no one wants to work in an office where employees are distracted and riven by cable TV-like partisan shouting matches. But that doesn't mean businesses are entitled to check out and look the other way on important issues that affect the lives of their customers.
On the same day of Coinbase's Nasdaq debut, 100 other companies made headlines for speaking out against effforts to limit voting rights. Among the signatories: Google, Goldman Sachs, Target, and Amazon — businesses that have managed to do pretty well over the years. If Armstrong has any doubts, there's a letter from someone called Jeff Bezos that's worth reading.
"It is the single most awkward experience that you can go through as a man. You have maybe five, 10 minutes to — what they call — 'produce the specimen.'" 
— Khaled Kteily, a.k.a., "The Sperm King," discusses his experience at a fertility clinic which inspired him to found at-home sperm testing company Legacy. The company recently raised $10 million in Series A venture capital funding.
It's still just a design, but if the Earth 300 ever makes it into open waters it could change the way we think of boat travel. The 300 meter-long yacht will be nuclear powered, using a molten-salt reactor based on technology from the Bill Gates-funded TerraPower company. The giant, 13-story dark glass sphere near the ship's stern will apparently house a "science city" where a crew of researchers will work. But the ship will also have room for VIPs and tourists (and given the projected fare of $3 million per ticket, perhaps even a few stowaways). 
Building this ship is expected to cost between $500 million and $700 million, with a target launch date of 2025 (though it could take several more years for the atomic engine to get regulatory clearance). That gives you plenty of time to compile your "yacht rock" playlist, atomic-edition.
Recommended Readings: Snapchat has become an on-demand delivery app for teens to score illegal drugs. Some kids are dying after taking one pill. Leaked internal Microsoft poll results show how 132,000 employees feel about working there Uber is sitting on $18 billion in global investments, with a stake in Grab's record SPAC deal worth more than $5 billion alone This Stripe engineer created an indie newsletter service in his spare time that's an 'unabashedly technical' competitor to $650 million Substack. Here's why more than 10,000 people have signed up Big Tech has turned to Nicholas Bloom for help navigating their return to the office. Here's what the Stanford economist recommends. Leaked documents show Amazon's new wireless headsets target low-income shoppers who are aware of AirPods but not tech savvy
Not necessarily in tech:
Thanks for reading, and if you like this newsletter, tell your friends and colleagues they can sign up here to receive it. — Alexei | 
Tidak ada komentar:
Posting Komentar