Welcome to the weekend!
Witnessed the reign of the Queen:
14 presidents of the United States
15 Prime Ministers
0 profitable 15 minute grocery delivery companies
rest in peace”
While it may be hard for us Yanks to feel emotional about the Queen’s death, Bakke’s prank tweet actually gets to the heart of why it’s so important to so many. She wasn’t a truly great leader in Silicon Valley: she didn’t build amazing things, inspire waves of reform or innovation, or even change the world in any tangible way. She simply persevered longer than anyone before her.
Silicon Valley’s insatiable hunt for the next big thing is baked into its DNA. And you could argue that its addiction to modernity is necessary to keep the entire capitalist machine running. But as the British monarchy makes clear, you can’t always come up with quick strides and significantly go out of your way to a lasting legacy.
The flashy new thing—whether it’s a 15-minute delivery start-up or a sudden hostile takeover by a Hollywood C-lister—will always pale in comparison to goodies and value that last, last, and last. The Queen’s real strength was her own survival – high-quality technology leaders should aspire to her, too.
Now in this week’s stories…
Looking to buy a new lipstick? Perhaps you prefer to digitize the process by uploading a selfie to L’Oreal, Nars or Macy’s and experimenting with shadows by default. Sounds harmless enough – technology even analyzes your face for traits like neuroticism and extroversion. Zara Stone takes us inside Perfect Corp. , a Taiwanese unicorn company looking to revamp the beauty industry with the support of investors such as Snap, Chanel, Goldman Sachs and Alibaba. Although it looks cosmetic, the company’s facial anatomy techniques open the door to some bleak possibilities.
Last month, in its biggest-ever acquisition, the Chinese parent company of TikTok reportedly paid $1.5 billion to take control of one of China’s largest private hospital chains. Amcare Healthcare operates a range of luxury maternity centers and women’s and children’s hospitals, with a VIP postpartum package costing around $32,000. Louise Matsakis consults experts on why the social media giant is so aggressively regulated in healthcare — reminding us that only Amazon do the same in the United States.
The CEO of year-old crypto company Entropy, Tux Pacific is a rarity among tech founders. Not only are they transgender and choose their pronouns, they are also downright anarchists in the free market. (That is, they support a free-market economic system, but against state intervention.) Margot talks to Pacific about their winding path of life, which begins with Mormon childhood in North Carolina and ends with a $25 million seed run. Led by Andreessen Horowitz.
Finally, we’re excited to announce the addition of two veteran reporters to The Information’s rapidly growing weekend team. Abe joins us after more than a decade of covering the world’s business giants for Forbes, most recently as Senior Editor. Ariel hails from Wired magazine, having written nearly a dozen long articles for the magazine as a senior writer. Hi Abby and Ariel!
Reading: Why does every CEO want abs?
What do Jeff Bezos, Ari Emmanuel, and Video Games CEO Strauss Zelnick have in common? Aside from intact bank accounts and a Y chromosome, the trio represents a class of executives obsessed with their six-packs. In the The Wall Street JournalEileen Gamerman sets a new standard for male CEOs that a female leader has long lived with—maintaining physical attractiveness along with financial prowess. New York divorce attorney Nancy Chimtop said succinctly: “Blackstone, BlackRock, Goldman. There’s very little body fat.” – that I
Note: Summons Elon Tolkien, from“I might hate it
“Tolkien turns around in his grave,” Elon Musk wrote on Twitter earlier this week. The richest person in the world, probably surrounded by piles of valuables, had just watched Amazon’s new Tolkien-verse series, “The Rings of Power,” and not once did he like it. “Every male character hitherto is a coward, an idiot, or both,” Musk wrote. But it is ironic that a tech mogul checked J.R.R. Tolkien’s name. Comedian Sean Thomason pointed out, the fiction author actually hates technology. Tolkien made this clear in his life—he had a big thing against steam trains—as well as in his work, describing vile goblins and their pleasure as “wheels, engines, and explosives.” Sounds like anyone you know, Elon? – My Father
Question: Should you get an Apple Watch for your child?
Struggling to keep your child off their phones at the dinner table? Have you tried a $279 smartwatch? for New York timesand Cali Huang and Brian X. Chen write about the growing number of parents giving children as young as five their own Apple Watch. Surprisingly, it has become a clever way to keep kids away from more nefarious devices. With minimal apps and no web browsers, the watch has become a kid’s pool for Apple products – a way to track and connect with their kids without giving them a gateway into the bleak depths of the internet. Is it too expensive for kids wrist accessories? Sure, but it’s cheap compared to a few other years of iPhone-free adolescence.
makes you think
Until next weekend, thanks for reading.
Weekend editor, info