2024-01-13
This is example of difficulty of finding product-market fit in sequential startups. Kevin Systrom found product-market fit at Instagram worth $1 billion — but next startup Artifact did not work out. Note that Elon Musk found product-market fit at many startups. He is #1...
Artifact News
Kevin Systrom says news sharing app Artifact will shut down, after concluding that “the market opportunity isn't big enough to warrant continued investment”
To our Artifact Users and Partners: — We've made the decision to wind down operations of the Artifact app.
2023-04-28
Cloudflare has very strong product. Management is setting wrong public expectations on financial metrics. If management sets random ambitious goals, then stock price will fall by more than 10% when company announces numbers below expectations. https://twitter.com/...
CNBC
Cloudflare reports Q1 revenue up 37% YoY to $290.2M vs. $290.8M est., a $38.1M net loss, and revenue guidance for Q2 and FY 2023 below estimates; NET drops 20%+
Rohan Goswami / CNBC :
2023-04-19
Best way to do layoffs is in one shot, not repeated shots. Mark Zuckerberg will unnecessarily damage morale at his company. https://twitter.com/...
Vox
Meta starts another round of layoffs, impacting technical teams; source: Meta will possibly layoff around 4,000 people in this round, out of the planned 10,000
The company plans to lay off employees on Wednesday, according to sources. — Meta will conduct another mass round of layoffs on Wednesday …
2021-02-04
@cartainc launched a private stock exchange! Also, they shared interesting data on tender offers. — https://henrysward.medium.com/ ...
The Information
Carta, which launched a private stock exchange CartaX to help employees and investors sell stock in private startups, is now valued at $6.9B
Launching an exchange to help employees and investors sell stock in private startups may seem an odd choice for this year, given the boom in public listings that promise imminent c...