SaaS stocks are at it again, and I think I’ve got it figured it out.
More precisely I think I’ve figured out what other people think is going on. After rigorous fact-checking by both reading tweets, making VCs talk to me on the phone, and chatting with the CEO of a $27 billion cloud company this morning, it all makes sense.
Some background to start, I think.
Today, Friday the 21st of May, the day after the economy shed another 2.4 million jobs, bringing the COVID-19 jobs-lost tally t
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What the hell, SaaS valuations?
-
AI Weekly: Getting back to work under the watchful eye of technology
As we figure out how to get back to normal, all the same issues around surveillance, AI, data privacy, and safety coalesce in the workplace.Read More -
New York Auto Show canceled for 2020, pushed to spring 2021
Organizers of the New York International Auto Show, once hoping to hold the rescheduled event in August, have decided to scrap the entire year. The show has been officially canceled for 2020 due to the COVID-19 pandemic, organizers announced Friday.
The next show will take place April 2 to April 11, 2021. Press days will be March 31 and April 1.
The New York Auto Show, which is organized by the Greater New York Automobile Dealers Association, was scheduled to begin April 10 at the Jacob K. Javit -
Glitch lays off ‘substantial number of employees’ to cut costs
Glitch laid off “a substantial number of employees” on Thursday in an effort to cut costs and ensure “long term viability,” the company confirmed in an email to The Verge. Glitch said it had to “significantly cut operating costs” due to market conditions.
At least 18 people were laid off, according to two former employees who asked to remain anonymous. Glitch had about 50 employees before the layoffs, the sources said. Glitch declined to comment on how many em -
The FBI is mad because it keeps getting into locked iPhones without Apple’s help
Riana Pfefferkorn ContributorShare on Twitter Riana Pfefferkorn is the associate director of Surveillance and Cybersecurity at the Stanford Center for Internet and Society.The debate over encryption continues to drag on without end.
In recent months, the discourse has largely swung away from encrypted smartphones to focus instead on end-to-end encrypted messaging. But a recent press conference by the heads of the Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) showed th -
For work from home, technology’s convenience matters more than its power
At a time when working from home has forced employees to overlap their personal and work schedules, convenience has become a key currency for tech products.Read More -
NASA and SpaceX say they are ‘go’ to proceed with historic crewed flight on May 27th
After two days of intense reviews, NASA is giving its commercial partner SpaceX the thumbs-up to launch its first astronauts to space next week. There’s still more work to be done by both the agency and SpaceX, including another review on Monday, but officials decided there were no major issues standing in the way of the launch.
“It was a good review, great discussion,” NASA administrator Jim Bridenstine said during a press conference. “I think everybody in the room was v -
Venezuela Supreme Court orders DirecTV to restore service
Venezuela's Supreme Court on Friday ordered pay television service DirecTV to restore services in the South American country, after owner AT&T Inc said earlier this week it was shutting access due to U.S. sanctions. -
Sony’s WH-1000XM4 headphones may let you pair more than one device
A new leak hints at what to expect from Sony’s WH-1000XM4, the upcoming successor to the WH-1000XM3, one of the best wireless headphones on the market.
The details come from Twitter user justplayinghard, who tweeted out information they obtained from a recent teardown of Sony’s Headphones Connect app. The code hints that the M4 headphones may be able to simultaneously pair with two devices, a feature not present in its predecessor. On the current model, you have to reconnect if you w -
Xbox Live went down as Microsoft experienced ‘multiple’ service outages
Illustration by Alex Castro / The Verge Microsoft’s Xbox Live service experienced issues today, marking the fourth time in recent weeks. Xbox One users were reporting problems earlier today with signing into Xbox Live, accessing friends, and joining parties. The issues started at around 3:15PM ET, and also affected some multiplayer games. The outage was not isolated to Xbox Live; Microsoft says it was an issue persisting throughout its platforms, including Microsoft 365.“We are awar -
Xbox Live down as Microsoft experiences ‘multiple’ service outages
Illustration by Alex Castro / The Verge Microsoft’s Xbox Live service is experiencing issues today, marking the fourth time in recent weeks. Xbox One users are currently reporting problems with signing into Xbox Live, accessing friends, and joining parties. “We are aware that some users may be experiencing issues when attempting to sign in on Xbox One & Windows 10,” explains Microsoft. “Our teams are aware & working on a fix. Please follow here & on our statu -
Irish regulator reaches preliminary decision in Twitter privacy probe
Twitter may be the first big technology firm to face a fine by the EU's lead regulator under the region's tougher data protection rules after it submitted a preliminary decision in a probe into the social media firm to other member states. -
The RetroBeat: I want to celebrate Pac-Man’s 40th birthday with this tiny cabinet
Pac-Man turns 40 years old today, and MyArcade is celebrating with an attractive (and functionable) collectible that you can display and play.Read More -
How to make the most of your at-home videoconference setup: Microphone edition
Working from home isn’t going anywhere anytime soon, and a slew of companies just announced longer-term initiatives to make their remote work practices either extend or permanent. That means for some it’s the perfect time to take their at-home videoconferencing setup even further, so we’re going to take a closer look at various core elements to build on our initial exploration of what can help you improve your video call or live broadcasting game. Today, it’s all about au -
Scale AI releases free lidar data set to power self-driving car development
High-quality data is the fuel that powers AI algorithms. Without a continual flow of labeled data, bottlenecks can occur and the algorithm will slowly get worse and add risk to the system.
It’s why labeled data is so critical for companies like Zoox,Cruise and Waymo,which use it to train machine learning models to develop and deploy autonomous vehicles. That need is what led to the creation of Scale AI, a startup that uses software and people to process and label image, lidar and map data -
Canada to ramp up COVID-19 testing and tracing, recommend digital app
Canada will ramp up COVID-19 testing and contact tracing as it gradually lifts restrictions and is working closely with Apple Inc and Alphabet Inc's Google on a mobile phone app to help, the prime minister said on Friday. -
Box will let employees work from home until at least 2021
Another tech company is joining the list of those planning on going remote for the long haul: Box .
Box CEO Aaron Levie announced this morning that the company will “remain a digital-first organization” moving forward. While it sounds like they’re still working out exactly what that entails, one key aspect is that Box employees will be able to work “from anywhere” until at least January of 2021.
Box isn’t planning to ditch the office outright. In a blog post a -
Final Fantasy XIV Online with 30 days of play time is free through 26 May: Here’s how to get it
Square Enix today announced that the Final Fantasy XIV Online: Starter Edition, a massively multiplayer online role-playing game set in the Final Fantasy universe, is free to download on Playstation 4 from now until 26 May, after which you can keep it forever. If you have a Playstation 4 and an account already, all you need to do is head to the Playstation store, either here or on your console, and navigate to the game’s page. You’ll notice the Starter Edition is free -
First major GDPR decisions looming on Twitter and Facebook
The lead data regulator for much of big tech in Europe is moving inexorably towards issuing its first major cross-border GDPR decision — saying today it’s submitted a draft decision related to Twitter’s business to its fellow EU watchdogs for review.
“The draft decision focusses on whether Twitter International Company has complied with Articles 33(1) and 33(5) of the GDPR,” said the Irish Data Protection Commission (DPC) in a statement.
Europe’s General Data -
Minecraft Dungeons has charm and potential, but needs lot more time in the furnace
Minecraft is one of the most popular games on the planet, so it’s natural that Microsoft,after buying creator Mojang some years back, would attempt to apply the genre’s playful, blocky aesthetic to other genres. After modest success with the Story Mode adventure game and Pokémon GO-like Minecraft Earth, they’ve tried their hand at a light action-RPG à la Diablo — and unfortunately come up rather short. For now, that is.
Minecraft Dungeons is a sort of my-fir -
A history of sex in video games: When has it crossed the line?
The year is 2012. Square Enix reveals a gameplay trailer of its upcoming action-adventure title, Tomb Raider, at E3. At a pivotal moment, gaming legend Lara Croft has been discovered in a hiding place during a dramatic escape from an enemy encampment. A grizzled, armed man grabs her by the shoulder, then proceeds to run his hands down the sides of her body. The camera pauses as he’s doing so to allow the viewer to process what they’re seeing: one of gaming’s strongest and most -
Google Pixel 3A Deal: WIRED's Favorite Android Phone Is Nearly Half Off
via wired.com
Google’s affordable Pixel is still our favorite Android phone, and it’s never been a better value. -
The Promise of Antibody Treatments for Covid-19
via wired.com
As scientists race to create a vaccine, a parallel quest to engineer effective antibody treatments for the coronavirus is vital, too—and may provide relief sooner. -
3 views on the life and death of college towns, remote work and the future of startup hubs
The global pandemic has halted travel, shunted schools online and shut down many cities, but the future of college-town America is an area of deep concern for the startup world.
College towns have done exceedingly well with the rise of the knowledge economy and concentrating students and talent in dense social webs. That confluence of ideas and skill fueled the rise of a whole set of startup clusters outside major geos like the Bay Area, but with COVID-19 bearing down on these ecosystems and man -
How publishing indie games is like building a band
How Games Make Money talks to Guillaume Jamet, who is the VP of publishing and marketing Dear Villagers. Guillaume explains what he is looking for in games.Read More -
New York Auto Show is now fully canceled
Photo by Amelia Holowaty Krales / The Verge They’re pulling the plug on the New York Auto Show.The show, which is typically held in April and draws over 1 million attendants, was delayed until August due to the COVID-19 pandemic. But organizers are now saying they won’t be able to meet that deadline and are focused on reviving the auto show in spring 2021.The Javits Center, which houses the auto show, is still being used as a field hospital
The Javits Center, which houses the auto s -
Cannabis is more effective at preventing and treating COVID-19 than hydroxychloroquine
A team of scientists from Canada have identified at least 13 strains of cannabis sativa they believe can aid in the prevention and treatment of COVID-19. The President of the United States of America has spent the past few weeks touting a dangerous drug called hydroxychloroquine as a prophylactic treatment for COVID-19. Unfortunately, the president’s expertise is in reality TV, not medicine. Several studies have shown that hydroxychloroquine, a drug designed to treat malaria, has dangerou -
Autonomous delivery companies stress need for clearer rules on deployment
Autonomous vehicle companies including Cruise, Wing, and Nuro called for clearer regulation during an online Consumer Technology Association event.Read More -
How Ford, GM, FCA, and Tesla are bringing back factory workers
Image: Ford Comparing the US automakers’ return-to-work plansContinue reading… -
With remote work plan, Facebook dashes hopes of paycheck arbitrage
With Facebook's adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley's biggest companies from the place that incubated it. -
What Is Clubhouse, and Why Does Silicon Valley Care?
via wired.com
The latest app du jour is a social network centered on talking—and it’s building buzz with the oldest trick in the book. -
Brazil telecoms watchdog admits delay in 5G auction, sees broadband usage up
Social distancing measures to curb the coronavirus pandemic are boosting broadband usage by up to 50% in Brazil, but may end up delaying the country's fifth-generation mobile network (5G) auction, the head of the country's telecoms watchdog said on Friday. -
Tuca & Bertie revived by Adult Swim following Netflix’s contentious cancellation
Netflix Ali Wong and Tiffany Haddish are returning for a new season of Tuca & Bertie, set to air on Adult Swim two years after Netflix’s decision to cancel the series.The network announced on Twitter today that a new season of the animated series, created by former BoJack Horseman producer and artist Lisa Hanawalt, will air in 2021. Adult Swim has ordered 10 episodes, according to The Wrap. The show follows two best friends as they navigate their adult lives, dealing with anxiety, rel -
An early version of iOS 14 has been floating around the internet for months
Photo by Amelia Holowaty Krales / The Verge Security researchers, hackers, and bloggers have had access to an early version of iOS 14 since “at least February,” according to Vice. There have already been many iOS 14 leaks over the past few months, and it seems possible the information came from this early version of the operating system.
It’s common for small tidbits about Apple software updates to leak in the months and weeks before Apple officially unveils them. But it&rsquo -
ProBeat: Microsoft’s AI supercomputer was the best of Build 2020
At Build 2020, OpenAI showed Microsoft's supercomputer not just completing code and offering suggestions, but writing code from English instructions.Read More -
New study finds chloroquine doesn’t help COVID-19 patients — and it might even hurt
Illustration by Alex Castro / The Verge A large-scale study suggests chloroquine and hydroxychloroquine don’t help treat COVID-19, and it may even be harmful. Today, peer-reviewed journal The Lancet published a paper analyzing data from thousands of patients who took the drugs. Their outcomes were no better than those of people who didn’t — in fact, they were more likely to die or develop an irregular heartbeat.
The analysis covers a registry of roughly 15,000 patients across -
This free AI chatbot helps businesses fight COVID-19 misinformation
Avaamo, a company that specializes in conversational AI, recently built a virtual assistant to translate natural language queries about the COVID-19 pandemic into reliable insights. In other words, it’s an AI-powered chatbot that can answer just about any question you have about the pandemic. Avaamo’s Project COVID uses a deep learning system called natural language processing to turn our questions about the pandemic into website and database queries. It works a lot like Google or B -
Sundar Pichai Says Google Doesn't Plan to Go Entirely Remote
via wired.com
In an interview, the Google and Alphabet CEO discusses working from home, weathering antitrust probes, and how the company needs to do a better job on diversity. -
Steam’s top 20 new games for April 2020
Valve has shared its list of the top games from its digital PC store, Steam, for April 2020, with 14 different countries seeing representation.Read More -
Call of Duty Endowment Fearless Pack inspired by Medal of Honor recipient
Activision is launching the Call of Duty Endowment Fearless Pack and an exclusive Warzone T-Shirt in honor of National Military Appreciation Month.Read More -
Stargirl doesn’t know what to do with its superhero nostalgia
Image: CW Here’s something that can be easy to forget about comic book superheroes, given how popular they’ve become over the last decade: they’re really quite old. This is especially true for DC Comics characters like Batman and Superman, who were created in the 1930s. Comic books were extremely different then, and many superheroes of the Golden Age were specific to their era in ways that don’t necessarily translate to modern success outside of the odd period piece. Sta -
Smartphone data shows America's cautious comeback
Data from millions of mobile phones shows varying behavior across the United States in May as people responded to the loosening of stay-at-home orders, a Reuters analysis shows. -
Vergecast: Microsoft Build 2020, Elon Musk’s factory play, and Joe Rogan moves to Spotify
Illustration by Alex Castro / The Verge It’s Friday, which means there’s a new episode of The Vergecast to fill you in on all of the news from this week. Join Nilay, Dieter, and a rotation of other editors for everything that you need to know. The three topics covered this week are:
Microsoft’s Build developer conference
Elon Musk’s... active month
Spotify getting exclusive streaming rights to The Joe Rogan Experience podcast
During the first part of the show, Verge seni -
Joe Rogan helped create a podcast culture on YouTube, and now he’s leaving it
Joe Rogan is largely moving on from YouTube, a site that helped transform his podcast into a viral video-making factory, earning him nearly 10 million subscribers in the process. It’s the latest sign that creators who found success on YouTube see other platforms as the next step, but it doesn’t mean that YouTube is anywhere close to being cut out of the podcast game.
Later this year, Rogan will bring his mega-popular podcast, The Joe Rogan Experience, exclusively to Spotify. It&rsquo -
Adventure Lab launches co-op VR escape rooms with live hosts
Adventure Lab is launching virtual reality experiences where you can go on an adventure with your friends, accompanied by a human guide.Read More -
The latest Disney Plus show turns classic animated scenes into relaxing ASMR
Disney released a surprise new series on its Disney Plus streaming service today: Zenimation, an ASMR-style series of short videos that take clips from classic animated Disney movies and replace the usual dialogue, songs, and score with the realistic ambient noise that they would have in real life.
The first season of Zenimation features 10 episodes, centered on themes like “Water,” “Nature,” “Discovery,” and “Flight.” Each episode is about five to -
Wall-E gave us a future where we chose a corporation over people
Photo illustration by William Joel / The Verge The Verge is a place where you can consider the future. So are movies. In Yesterday’s Future, we revisit a movie about the future and consider the things it tells us about today, tomorrow, and yesterday.
The movie: Wall-E (2008)
The future: In Wall-E, waste is what does us in. The first third of Pixar’s ninth film is among the best 30-minute stretches of cinema the studio has ever produced: a mostly silent experience where Wall-E, a cut -
Alibaba's sales surge as people shop online during lockdown
Alibaba Group Holding Ltd on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus lockdowns. -
Outlook for Windows will soon sync email signatures across devices
Photo by Tom Warren / The Verge Microsoft is finally bringing cloud support to Outlook for Windows email signatures. It’s a feature that Outlook users have been requesting for more than a decade, and it has remained at the top of Microsoft’s most-requested feature list for Outlook for Windows for nearly three years.
Microsoft originally acknowledged that it was planning some type of sync support for Outlook signatures back in September, and the company says it will now roll this out -
A robot sheepdog? ‘No one wants this,’ says one shepherd
Wool means robot in Rocos’ video of a Boston Dynamics Spot unit herding sheep. | Image: Rocos It’s certainly an arresting image: a four-legged robot trots across a grassy hillside, steering a herd of sheep without a human in sight. The apparently seamless fusion of the futuristic and the agrarian feels refreshing — even hopeful — at a time when so much progress relies upon the destruction of the natural world.But is it realistic? Could a robot actually take on the job of

