• 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—Friday, June 2, 2017

By
Aaron Pressman
Aaron Pressman
and
Adam Lashinsky
Adam Lashinsky
Down Arrow Button Icon
By
Aaron Pressman
Aaron Pressman
and
Adam Lashinsky
Adam Lashinsky
Down Arrow Button Icon
June 2, 2017, 8:44 AM ET
Add Fortune on Google for similar content.

Before you read further please know I wrote this column under the influence. I was intoxicated by the niceness of Canadians, having spent an exceedingly pleasant day in Toronto discussing my recently released book about Uber.

Yes, nice Canadians are an international cliché. But it’s true. There’s something hardwired in the national culture that makes Canadians preternaturally reasonable and accommodating. Even when they disagree with you, they do it in a kind way. I learned this fielding questions at the University of Toronto’s Rotman School of Management Thursday evening. Even those who hate Uber or seriously doubt its future voiced their disdain or skepticism gently. A Toronto-based Uber employee told me after my talk that the difference between the external and internal perceptions of the company are “interesting.”

Canada’s leading journalists are nice, too. TV host Ben Mulroney of CTV’s Your Morning program told me, after a stimulating interview, that “it doesn’t seem like Uber is loved anymore.” He’s got that right. (He’s also the son of former Canadian Prime Minister Brian Mulroney, and is his dad’s spitting image.) Anna Marie Tremonti, host of CBC’s The Current, whom a friend described to me as “all the best NPR interviewers rolled into one,” threw me a curve ball to start our interview. She asked if I’d taken an Uber to her studio. I arrived in a limousine provided by my publisher.

As a natural-born Midwesterner, I’m pro-niceness. I dwell on the Canadian demeanor because it was a welcome antidote to what has become a toxic climate in the U.S. Also, having spent the day repeatedly addressing whether or not Uber and its CEO Travis Kalanick can survive, I thought I’d say something nice about both.

Next week Uber will release results of an investigation into its culture by former U.S. Attorney General Eric Holder. Specifically, Holder will pass judgement on allegations of gender discrimination at the company. I’m guessing the report will be accompanied by a handful of management changes and practices at Uber. There’s no question this is a company that has pushed the envelope in all sorts of ways. There’s also no question it has built a global business with tremendous potential—if it can focus sooner rather than later on making money and if it can clean up its behavior.

I think Uber and Kalanick have a shot if only they accept criticism and act accordingly. Too nice of an assessment? Blame it on Canada.

Adam Lashinsky
@adamlashinsky
adam_lashinsky@fortune.com

NEWSWORTHY

Tasty treats. Meal kit delivery startup Blue Apron filed to go public. Revenue hit almost $800 million for the company last year, 10 times 2014 sales. Blue Apron also disclosed that it spends $94 to acquire each customer for its $9.99 per person meals.

Virtual venture capital. There are others ways to raise capital nowadays beyond an IPO. On Wednesday, a startup called Brave launched a crypto-currency token offering to fund a new web browser and raised the equivalent of $35 million in about 30 seconds.

Should I stay or should I go now. Tech CEOs around the country, from Tesla's Elon Musk to Apple's Tim Cook, criticized President Trump's decision to pull the United States out of the Paris climate agreement. Musk dropped out of Trump's advisory council, saying on Twitter: "Climate change is real. Leaving Paris is not good for America or the world."

You had one job. Cloud password manager OneLogin admitted that its servers had been breached by hackers and customer data was stolen.

By one measure. The total value of advanced, venture-backed private companies in the United States and Europe has exploded to almost 500 firms worth $490 billion from a few dozen startups worth $40 billion in 2010, according to Scenic Advisement, a San Francisco-based investment bank.

One browser to rule them all. Google said it would add a feature to its Chrome browser to filter out some of the most annoying types of web advertising, such as popups and flashing color displays.

Sequel beats the prequel. Lenovo's Motorola introduced the first follow up to last year's line of Moto Z phones that can accept modular accessories. The the Moto Z2 Play costs $500 and is lighter, thinner, and has an improved camera. New accessories include a quick charging add-on battery and D-pad gaming control.

IN CASE YOU MISSED IT

Sony and Samsung Lead the Nascent Virtual Reality Market by Jonathan Vanian

Centurylink Stock Appeals to Wall Street After CEO Plan by Aaron Pressman

Tesla Just Fired the Female Engineer Who Alleged ‘Pervasive Harassment’ at the Company by Polina Marinova

HPE Might Be More Dependent on Microsoft Than We Thought by Barb Darrow

Facebook Gets Pressure From Institutional Shareholders to Fix Fake News by Mathew Ingram

JetBlue and Delta Are Testing Facial Recognition and Fingerprints to Replace Boarding Passes by Laura Entis

New Social Media Screening for U.S. Visitors Goes Into Effect by Jeff John Roberts

FOOD FOR THOUGHT

Speaking of the boom in startup valuations, Stanford Business School Professor Ilya Strebulaev has uncovered a major flaw in the way such calculations are discussed. The result of his research? Almost all so-called unicorns, startups valued at $1 billion or more, are significantly overvalued.

In each round of funding, startups often issue different classes of stock, with different conditions and preferences attached. But companies' values are often calculated simply by applying the price of the most recent round to all outstanding shares.

Reviewing corporate legal filings and data from commercial venture capital data sets, Strebulaev and another professor, Will Gornall of the University of British Columbia, looked at 116 unicorns. Under more careful analysis taking into account promises made to each round of shareholders, every single company was overvalued, 53 of the companies were no longer unicorns and 13 were overvalued by more than 100%.

"Some unicorns have made such generous promises to their preferred shareholders that their common shares are nearly worthless," the two professors wrote.

FOR YOUR WEEKEND READING PLEASURE

A few interesting longer reads I came across this week, suitable for perusing over the weekend:

Inside the quietest place on Earth
Microsoft’s engineers built the room–known as an anechoic chamber–to help them test new equipment they were developing and in 2015 it set the official world record for silence when the background noise level inside was measured at an ear-straining -20.6 decibels.

Pied Piper's new Internet isn't just possible-it's almost here
On HBO’s Silicon Valley, startups promise to "change the world" by tackling silly, often non-existent problems. But this season, the show’s characters are tackling a project that really could.

Apple Park’s Tree Whisperer
"It was all junk trees and parking lots here. So it was a long process. Over the next year or so. I surveyed the trees and picked out about a hundred of them that I felt were worth moving. And we had to stretch to get a hundred out of the [roughly 4,000] existing trees."

Even before the train killings, Portland was embroiled in conflicts over hate and racism
Portland, America’s whitest big city, was debating race long before a white supremacist killed two men and injured a third in stabbings on a city train last week. Long simmering tensions over skin color and policing have reached the point of an unusual feud between police leadership and the mayor over where and when it’s OK to talk about racism.

BEFORE YOU GO

It is arguably the finest episode of Star Trek ever. First airing 25 years ago, the Star Trek: Next Generation episode "Inner Light" thrust Captain Jean-Luc Picard, played by Patrick Stewart, into a time-extended virtual reality where he lived for decades as a scientist who married and raised a family. The Nerdist spoke with screenwriter Morgan Gendel this week about how the story came together.
It took a long time to develop this episode. I was a freelancer pitching it, and I had to go back and pitch it five times, because they didn’t buy it from me right away. And it kept getting better and better each time I’d pitch it.
This edition of Data Sheet was curated by Aaron Pressman. Find past issues, and sign up for other Fortune newsletters.
About the Authors
By Aaron Pressman
See full bioRight Arrow Button Icon
By Adam Lashinsky
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
5 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
6 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
7 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
7 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
7 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
8 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
14 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
16 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
14 hours ago
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
C-Suite
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
By Fortune EditorsJuly 15, 2026
11 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.