• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

2

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

3

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history

1

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

2

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

3

After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
TechData Sheet

Data Sheet—Wednesday, January 11, 2017

By
Heather Clancy
Heather Clancy
Down Arrow Button Icon
By
Heather Clancy
Heather Clancy
Down Arrow Button Icon
January 11, 2017, 9:26 AM ET
Add Fortune on Google for similar content.

John MacFarlane, CEO of Sonos, resigned Tuesday. As Nick Wingfield writes comprehensively in The New York Times, 15-year-old Sonos is rare in the hardware world: It was bootstrapped by its founder, has remained independent and private, and operates far from the glitz of L.A. or the glare of Silicon Valley.

At first blush, MacFarlane’s exit seems as much personal as professional. It’s also tempting to see his departure from the top job as a moment of crisis for the company that’s known for high-quality speakers that stream music from all the hippest Internet services. Artificial intelligence is changing everything, and Santa Barbara, Calif.-based Sonos needs to decide how AI will guide its product roadmap. Already the company works with Amazon’s Alexa voice-recognition software, but it’s not clear that throwing in with a competitor is a long-term benefit.

There’s another way to view the news. MacFarlane has been one of those stubborn founder-CEOs who simply didn’t like the idea of going public. So much is desirable about running a company without publishing quarterly results and all the other distractions of a public listing. And yet, Sonos raised serious cash from venture-capital and private-equity investors, including Index Ventures, KKR, and others. Someday those investors need their return, and MacFarlane stepping aside could be a sign that Sonos is closer to being ready to giving it to them.

The lower end of the speaker business isn’t an easy one. For a while it looked like Jawbone’s Jambox would own the segment, but that product fizzled. Now Amazon itself is flexing its muscles with its good-enough Echo device. A change at the top just might signal a new sense of urgency at Sonos.

***

Note to self: If you’re going to mock a corporate name makeover, get the name right. I wrote yesterday that “Altbaba,” what I mistook for Yahoo’s new moniker for the leftovers of its assets, was a stinker. That formulation isn’t so bad compared with what Yahoo’s actually going with: Altaba. I apologize for the error.

Adam Lashinsky
@adamlashinsky
adam_lashinsky@fortune.com

BITS AND BYTES

Samsung leader Jay Y. Lee is summoned in South Korean scandal. Prosecutors are investigating whether Samsung's contributions to a business and foundations backed by President Park Geun-hye's friend were related to the government's decision to back the merger of two Samsung group affiliates in 2015. South Korea's parliament has already voted to impeach Park, and prosecutors are considering indictments against others. (Fortune)

Facebook will test ads in the middle of videos. The social network is piloting a program to show advertisements "mid-roll"—in the middle of a video segment rather than the beginning—in a bid to generate new revenue, reports Recode. A separate dispatch, from AdvertisingAge, suggests that Instagram will also experiment with the same idea. (Fortune)

LinkedIn, eBay founders launch artificial intelligence research initiative. Reid Hoffman and Pierre Omidyar's philanthropic investment firm are spearheading the creation of the Ethics and Governance of Artificial Intelligence Fund, which will focus on encouraging ethical design and AI software the "works in the public interest." (VentureBeat)

Al Gore's former business partner is back with another Web venture. Joel Hyatt, who co-founded "user-generated content" video pioneer Current TV with the former Vice President, is launching a "marketplace" site for professional services. The venture, Globality, is seeks to offer a speedier alternative to how large businesses typically hire consultants (Fortune)

Wells Fargo wants to make its ATMs card-free. The bank is adding a feature to its mobile app that will provide account holders with a special code they can use to make ATM transactions without their debit card, reports CNNMoney. The service could be introduced by the spring. Bank of America and J.P. Morgan Chase are said to be considering similar offerings. (Fortune)

Fitbit buys more smartwatch expertise. Just one month after buying Kickstarter phenom Pebble, the fitness wearables leader is acquiring European firm Vector Watch, which sells a line of luxury products. As with the Pebble buyout, Fitbit doesn't plan to update the acquired company's existing smartwatches. It's after software that can help make its own offerings more compelling. (Fortune)

Apple could be planning snazzy smart glasses. The secretive tech giant is mum but blogger Robert Scoble reports that Apple is teaming up with German optical instruments company Carl Zeiss on a wearable device that will support augmented reality applications. (Fortune)

PEOPLE AND CULTURE

Tesla hires Apple's open source guru to lead autonomous software project. Chris Lattner, an 11-year veteran, was in charge of Apple's well-received Swift programming language. Apple released Swift in 2014 to improve its standing among third-party developers, and convince more of them to create apps. His official role at the electric vehicle company is vice president of Autopilot, the technology behind Tesla's self-driving car ambitions. (Fortune)

Red Hat exec defects to IPO-bound cloud unicorn Anaplan. Longtime Silicon Valley finance executive Frank A. Calderoni will fill the top job at the company, which has been vacant since former CEO Frederic Laluyaux abruptly resigned early last year. Calderoni most recently was CFO at Red Hat, but previously held that role at Cisco Systems and SanDisk. Anaplan specializes in software for financial planning. (Reuters)

Former Reddit CEO returns to venture capital. Ellen Pao, the ex-Kleiner Perkins Caufield & Byers partner whose 2012 gender discrimination lawsuit against the venture firm fueled a debate over tech industry diversity, has joined Oakland-based Kapor Center for Social Impact as an investor and diversity advocate. (Reuters)

IN CASE YOU MISSED IT

How Companies Use Social Media When Taking Your Call, by Jeff John Roberts

It's Not Just Altaba. Here Are the 7 Worst Company Name Changes, by Lucinda Shen

Flash Storage Startup Kaminario Nets $75 Million in New Funding, by Barb Darrow

Here Are Apple's Plans for 'Carpool Karaoke', by Don Reisinger

You Can Now Download an Artificial Intelligence Doctor, by Sy Mukherjee

ONE MORE THING

Meet Rose, a sassy bot concierge in Las Vegas. The Cosmopolitan hotel is encouraging guests to text their requests for towels and tickets to a virtual assistant endowed with a salty personality worthy of Glitter Gulch. (Travel+Leisure)

This edition of Data Sheet was curated by Heather Clancy.
Find past issues. Sign up for other Fortune newsletters.

About the Author
By Heather Clancy
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Klook cofounder Ethan Lin thinks the U.S. can help grow one of Asia’s largest travel platforms
AsiaAsia Agenda
Klook cofounder Ethan Lin thinks the U.S. can help grow one of Asia’s largest travel platforms
By Angelica AngJuly 15, 2026
2 hours ago
ibm
Big TechIBM
‘We did not adapt and move quickly enough’: IBM CEO’s admission of weakness fails to prevent historic 25% stock crash
By Tatiana SatauaJuly 15, 2026
2 hours ago
usa
AIearnings
Why IBM just suffered its worst stock crash of all time—and what it says about the market’s two bubbles
By Nick LichtenbergJuly 15, 2026
3 hours ago
mark
LawSocial Media
YouTube appeals verdict, argues it isn’t a social media platform
By Kaitlyn Huamani and The Associated PressJuly 15, 2026
3 hours ago
A woman at a police commission meeting stands behind a podium speaking animatedly.
North AmericaPrivacy
LAPD was one of Flock Safety’s biggest government customers. Now it’s renegotiating its partnership over ‘serious concerns around civil liberties’
By Sasha RogelbergJuly 15, 2026
4 hours ago
OpenAI wants its speaker to feel alive. Apple says it’s a stolen idea
AIOpenAI
OpenAI wants its speaker to feel alive. Apple says it’s a stolen idea
By Marco Quiroz-GutierrezJuly 15, 2026
4 hours ago

Most Popular

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
Law
26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
By Barbara Ortutay, Alexandra Olson and The Associated PressJuly 15, 2026
10 hours ago
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
Newsletters
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
By Sydney LakeJuly 14, 2026
1 day ago
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
North America
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
By Marco Quiroz-GutierrezJuly 14, 2026
1 day ago
Jamie Dimon understands why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying'
Economy
Jamie Dimon understands why people are anti-rich: 'We have, in fact, left the lower-income folks behind' and 'that's kind of annoying'
By Eleanor PringleJuly 15, 2026
12 hours ago
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
Innovation
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
By Lily Mae LazarusJuly 15, 2026
11 hours ago
Current price of oil as of July 15, 2026
Personal Finance
Current price of oil as of July 15, 2026
By Joseph HostetlerJuly 15, 2026
13 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.