This enterprise software startup has VCs literally knocking on its doors to invest, but for now, it’s not …

And according to a recent tweet by First Round Capital’s Josh Kopelman, Notion is one of the most sought after investments in Silicon Valley.

When the work management software startup Notion moved offices recently, it didn’t update its address on Google Maps.

The reason: VCs were literally knocking on its doors to discuss potential investments.

“We still haven’t updated our office address from the old one,” Notion CEO Ivan Zhao told Business Insider in a recent interview. “We’re thinking of switching to a PO Box.”

Zhao says that even though drop-ins aren’t as frequent at the new office, he still receives multiple calls a day from venture capitalists vying for a chance to invest.

“We’re more flattered,” Zhao said. “It’s like, they’re really believing in this.”

But for now, Zhao and his 11-person team are trying to keep more of a “low profile” in their undisclosed, San Francisco headquarters and “focusing on product,” he says.

One of its seed stage investors Josh Kopelman confirmed the VC demand for Notion on Twitter last week, saying that requests for an intro to Zhao have become a part of his daily routine.

So what’s all the fuss about?

Notion has high hopes.

A self-described “all-in-one workplace,” Notion acts as replacements for docs, wikis, task management tools, and databases like a customer relationship management system (CRM). Zhao says Notable users don’t even need to use Slack.

“Slack is gluing together all different tools through notifications, but you still have to use separate tools,” Zhao says. “With [Notion], you literally just eliminate that [need].”

Notion’s tiered subscription model starts as free for individuals with a limited amount of storage and moves up to $16 per user per month for its enterprise offering.


At its best, Notion is a “sandbox” where even non-technical users can configure pages to their specific liking and specific needs.

“The business side of Notion is — Can we build a tool as ubiquitous as Microsoft Office?” Zhao said. “The more romantic side is — While we’re building a tool as ubiquitous as Microsoft Office, can we bring non-programmers the computing power so everyone can customize their own tools and modify their own software they use every day?”

Even with such ambitious goals, Zhao isn’t sold on the idea that taking more venture funding to build out a massive team is the way to get there.

“We want the business to be as big as possible, but we want the team as small as possible,” he said.

And with the evolution of enterprise software — where cloud services can now be purchased online with a credit card without the need to work with a salesperson or as Zhao puts it, have “Oracle push a database down to your basement” —scaling an enterprise software company with a lean operation is more likely than ever.

“In the last 5 or 10 years, companies like Instagram and WhatsApp built a 100 million people business with less than 50 [employees]. It’s possible to do on the consumer side,” Zhao said. “One theory we have is that it’s becoming possible on the enterprise side.”

Nothing against VCs

Zhao made it clear that he wasn’t “anti-VC” and that his company’s early success couldn’t have happened without the seed round it raised. Notion’s seed round was for an undisclosed amount with participation from industry elite like Sequoia Capital and First Round Capital.

“I didn’t bootstrap,” he said. “We had a lot of help from the investor ecosystem.”

But while the company is gaining enough revenue from its users to fuel its growth, he doesn’t see the need to raise another round for the foreseeable future.

“At this moment, how does extra capital help us grow?” Zhao said. “Right now, it’s about the quality of the team, it’s our distribution model and pipeline. More capital isn’t necessarily going to make those things better, faster. Again, we’re not anti-VC. It’s more about helping us focus on product and less on meetings.”

Related Posts:

  • No Related Posts

Renaissance Technologies Has Boosted Its Spirit Rlty Cap New (SRC) Stake by $35.08 Million …

Renaissance Technologies Llc increased its stake in Spirit Rlty Cap Inc New (SRC) by 146.8% based on its latest 2018Q3 regulatory filing with the …

Spirit Realty Capital, Inc. (NYSE:SRC) Logo

Renaissance Technologies Llc increased its stake in Spirit Rlty Cap Inc New (SRC) by 146.8% based on its latest 2018Q3 regulatory filing with the SEC. Renaissance Technologies Llc bought 4.38 million shares as the company’s stock declined 8.88% with the market. The hedge fund held 7.37M shares of the consumer services company at the end of 2018Q3, valued at $59.42M, up from 2.99M at the end of the previous reported quarter. Renaissance Technologies Llc who had been investing in Spirit Rlty Cap Inc New for a number of months, seems to be bullish on the $3.47B market cap company. The stock increased 1.71% or $0.68 during the last trading session, reaching $40.47. About 806,507 shares traded. Spirit Realty Capital, Inc. (NYSE:SRC) has risen 1.31% since February 16, 2018 and is uptrending. It has outperformed by 1.31% the S&P500. Some Historical SRC News: 21/05/2018 – SPIRIT MTA REIT – ENTERED SEPARATION AND DISTRIBUTION AGREEMENT WITH SPIRIT REALTY CAPITAL, INC – SEC FILING; 13/04/2018 – Spirit MTA REIT Publicly Files Amended Form 10 Registration Statement in Connection with Planned Spin-off from Spirit Realty Ca; 10/05/2018 – Spirit Realty Capital Announces Effectiveness of SMTA REIT Form 10 Registration Statement; 01/05/2018 – Spirit Realty Capital Sets Record Date and Distribution Date for Spin-Off of Spirit MTA REIT; 21/03/2018 – SPIRIT REALTY CAPITAL INC – HUGHES WILL JOIN CO ON APRIL 1, 2018 AND WORK WITH OUTGOING CHIEF FINANCIAL OFFICER PHIL JOSEPH TO TRANSITION THE ROLE; 01/05/2018 – Spirit Realty Capital 1Q EPS 6c; 06/03/2018 Detailed Research: Economic Perspectives on Exact Sciences, KapStone Paper and Packaging, Spirit Realty Capital, KLA-Tencor, Ne; 21/03/2018 – SPIRIT REALTY CAPITAL INC – NAMES RICARDO RODRIGUEZ AS CHIEF FINANCIAL OFFICER OF SPIRIT MTA REIT; 01/05/2018 – SPIRIT REALTY 1Q REV. $165.3M, EST. $165.0M; 15/05/2018 – Marathon Adds VICI Properties Inc., Exits Spirit Realty: 13F

Uss Investment Management Ltd decreased its stake in Facebook Inc (FB) by 15.51% based on its latest 2018Q3 regulatory filing with the SEC. Uss Investment Management Ltd sold 304,372 shares as the company’s stock declined 13.60% with the market. The institutional investor held 1.66M shares of the technology company at the end of 2018Q3, valued at $272.76M, down from 1.96 million at the end of the previous reported quarter. Uss Investment Management Ltd who had been investing in Facebook Inc for a number of months, seems to be less bullish one the $463.77 billion market cap company. The stock decreased 0.88% or $1.45 during the last trading session, reaching $162.5. About 15.50M shares traded. Facebook, Inc. (NASDAQ:FB) has declined 21.26% since February 16, 2018 and is downtrending. It has underperformed by 21.26% the S&P500. Some Historical FB News: 27/03/2018 – Yahoo! Finance: Facebook’s Zuckerberg to testify before Congress; 06/04/2018 – The manwho took on Facebook andwon; 06/04/2018 – Facebook’s CTO to answer questions from UK lawmakers on April 26; 25/04/2018 – Facebook-owned WhatsApp raises minimum age in Europe to 16 ahead of massive data law change; 07/03/2018 – Georgia Governor: Deal: Facebook to invest $750 million in Stanton Springs data center; 20/04/2018 – Facebook to roll out political ad feature in time for German state vote; 26/03/2018 – FTC opens probe into Facebook privacy practices; 03/04/2018 – Facebook says it’s strict on privacy, but won’t extend European data standards to all markets; 19/04/2018 – Audit Approved of Facebook Policies, Even After Cambridge Analytica Leak; 04/05/2018 – National Post: Facebook is researching offering an ad-free, subscription based version of its service: sources…

Uss Investment Management Ltd, which manages about $9.94B US Long portfolio, upped its stake in Occidental Pete Corp Del (NYSE:OXY) by 441,464 shares to 2.04M shares, valued at $167.72M in 2018Q3, according to the filing. It also increased its holding in Cae Inc (NYSE:CAE) by 20,250 shares in the quarter, for a total of 6.08 million shares, and has risen its stake in Ishares Inc.

Investors sentiment increased to 1.13 in 2018 Q3. Its up 0.04, from 1.09 in 2018Q2. It is positive, as 123 investors sold FB shares while 598 reduced holdings. 154 funds opened positions while 661 raised stakes. 1.61 billion shares or 3.39% less from 1.66 billion shares in 2018Q2 were reported. Horseman Cap Management, United Kingdom-based fund reported 65,100 shares. First Dallas Inc invested in 5,035 shares. Earnest Prtn Limited Co has invested 0% in Facebook, Inc. (NASDAQ:FB). Colonial Trust Advisors stated it has 0.04% in Facebook, Inc. (NASDAQ:FB). Hap Trading Lc accumulated 54,829 shares or 0.57% of the stock. Shell Asset Mngmt reported 261,398 shares. Investure Limited Liability accumulated 87,100 shares or 2.56% of the stock. Btim Corp owns 9,107 shares. Moreover, Retail Bank Of Mellon has 0.93% invested in Facebook, Inc. (NASDAQ:FB). Overbrook Mgmt Corporation owns 139,945 shares for 4.36% of their portfolio. Regions reported 205,519 shares. Dowling And Yahnke Ltd Liability Corp has invested 0.61% in Facebook, Inc. (NASDAQ:FB). Argent Trust has 0.64% invested in Facebook, Inc. (NASDAQ:FB). Arrow Fincl holds 1.55% or 44,917 shares. Gfs Advsr Limited invested in 1.85% or 61,108 shares.

Among 57 analysts covering Facebook (NASDAQ:FB), 48 have Buy rating, 2 Sell and 7 Hold. Therefore 84% are positive. Facebook had 315 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, April 28 the stock rating was maintained by JP Morgan with “Overweight”. The stock has “Overweight” rating by Morgan Stanley on Thursday, April 26. The firm earned “Buy” rating on Thursday, November 3 by Canaccord Genuity. The stock of Facebook, Inc. (NASDAQ:FB) has “Outperform” rating given on Thursday, November 3 by RBC Capital Markets. The company was maintained on Friday, July 27 by JP Morgan. UBS maintained it with “Buy” rating and $208.0 target in Thursday, November 2 report. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, April 9. The stock of Facebook, Inc. (NASDAQ:FB) has “Hold” rating given on Thursday, April 26 by Stifel Nicolaus. Goldman Sachs maintained Facebook, Inc. (NASDAQ:FB) on Thursday, April 28 with “Buy” rating. The stock of Facebook, Inc. (NASDAQ:FB) has “Buy” rating given on Thursday, November 30 by Robert W. Baird.

Since August 15, 2018, it had 0 buys, and 47 insider sales for $354.78 million activity. Cox Christopher K had sold 5,300 shares worth $795,000 on Wednesday, January 30. $120,000 worth of Facebook, Inc. (NASDAQ:FB) was sold by Stretch Colin. The insider Sandberg Sheryl sold 55,000 shares worth $7.27 million. Shares for $5.45M were sold by Schroepfer Michael Todd. Zuckerberg Mark had sold 263,210 shares worth $45.85M on Thursday, August 23. $392,937 worth of stock was sold by FISCHER DAVID B. on Monday, October 29.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: which released: “Facebook (FB) Outpaces Stock Market Gains: What You Should Know – Nasdaq” on January 24, 2019, also with their article: “Facebook: Right Price, Wrong Outlook – Seeking Alpha” published on January 17, 2019, published: “Facebook (FB) stock could have big upside following Q4 earnings – Nasdaq” on January 26, 2019. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: and their article: “Facebook’s (FB) Aggressive Video Push to Aid Q4 Earnings – Nasdaq” published on January 29, 2019 as well as‘s news article titled: “Facebook: Headlines Don’t Matter – Seeking Alpha” with publication date: February 06, 2019.

Investors sentiment decreased to 0.96 in 2018 Q3. Its down 0.03, from 0.99 in 2018Q2. It dropped, as 30 investors sold SRC shares while 88 reduced holdings. 38 funds opened positions while 75 raised stakes. 379.64 million shares or 0.65% less from 382.12 million shares in 2018Q2 were reported. First Quadrant Lp Ca invested in 0.23% or 1.28 million shares. Jane Street Gru Lc, New York-based fund reported 23,417 shares. Thrivent Financial For Lutherans reported 4.24 million shares. New York-based Renaissance Techs has invested 0.06% in Spirit Realty Capital, Inc. (NYSE:SRC). Susquehanna Group Incorporated Ltd Liability Partnership has 74,393 shares for 0% of their portfolio. Amp Invsts Ltd accumulated 300,522 shares. Moreover, Citigroup Inc has 0% invested in Spirit Realty Capital, Inc. (NYSE:SRC). 99,263 were reported by Proshare. Cutler Limited Com invested 0.83% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC). Qci Asset Mngmt Ny has 8,000 shares for 0.01% of their portfolio. 19,806 were accumulated by Cetera Advisor Netwr Ltd. Private Advisor Gp Ltd Co has 0.01% invested in Spirit Realty Capital, Inc. (NYSE:SRC) for 70,818 shares. New York-based Jefferies Grp Ltd Llc has invested 0% in Spirit Realty Capital, Inc. (NYSE:SRC). State Bank Of America De invested 0% in Spirit Realty Capital, Inc. (NYSE:SRC). Advsrs Asset Mngmt reported 23,970 shares or 0% of all its holdings.

Renaissance Technologies Llc, which manages about $63.99 billion and $97.27B US Long portfolio, decreased its stake in Envestnet Inc (NYSE:ENV) by 408,792 shares to 67,500 shares, valued at $4.11 million in 2018Q3, according to the filing. It also reduced its holding in Telecom Argentina S A (NYSE:TEO) by 110,575 shares in the quarter, leaving it with 34,709 shares, and cut its stake in Renewable Energy Group Inc (NASDAQ:REGI).

Among 19 analysts covering Spirit Realty Capital (NYSE:SRC), 6 have Buy rating, 2 Sell and 11 Hold. Therefore 32% are positive. Spirit Realty Capital had 60 analyst reports since July 23, 2015 according to SRatingsIntel. As per Thursday, July 23, the company rating was downgraded by Morgan Stanley. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) earned “Neutral” rating by Janney Capital on Friday, May 5. On Friday, December 16 the stock rating was initiated by JP Morgan with “Overweight”. As per Monday, November 13, the company rating was maintained by Ladenburg. The firm has “Hold” rating by Sandler O’Neill given on Thursday, February 22. Robert W. Baird downgraded the shares of SRC in report on Thursday, January 7 to “Neutral” rating. The firm has “Equal-Weight” rating given on Monday, February 5 by Morgan Stanley. The firm has “Hold” rating by Ladenburg given on Friday, August 4. The company was downgraded on Friday, May 5 by JP Morgan. The rating was maintained by Ladenburg with “Hold” on Thursday, November 2.

More notable recent Spirit Realty Capital, Inc. (NYSE:SRC) news were published by: which released: “Spirit Realty Capital Preferred A: Another Mispriced Bargain Preferred Stock From A Property REIT – 7.1% Yield And 17% Return Potential – Seeking Alpha” on November 30, 2018, also with their article: “Spirit Realty Capital (SRC) CEO Jackson Hsieh on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” published on August 08, 2018, published: “Spirit Realty Capital, Inc. Announces Expanded $1.62 Billion Unsecured Credit Facility – Business Wire” on January 14, 2019. More interesting news about Spirit Realty Capital, Inc. (NYSE:SRC) were released by: and their article: “Spirit Realty Capital’s Preferred Shares Offer Value For Conservative Investors – Seeking Alpha” published on October 23, 2018 as well as‘s news article titled: “Spirit Realty: Wait For The Split – Seeking Alpha” with publication date: September 14, 2017.

Since November 14, 2018, it had 1 buy, and 1 sale for $1.59 million activity. 13,605 shares valued at $99,995 were bought by Hughes Michael C. on Friday, November 30.

Spirit Realty Capital, Inc. (NYSE:SRC) Institutional Positions Chart

Related Posts:

  • No Related Posts

BlackBerry Limited (BB)’s Financial Results Comparing With Finisar Corporation (NASDAQ:FNSR)

As Communication Equipment businesses, BlackBerry Limited (NYSE:BB) and Finisar Corporation (NASDAQ:FNSR), are affected by compare.

As Communication Equipment businesses, BlackBerry Limited (NYSE:BB) and Finisar Corporation (NASDAQ:FNSR), are affected by compare. This especially applies to their dividends, analyst recommendations, profitability, institutional ownership, risk, earnings and valuation.

Valuation and Earnings

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
BlackBerry Limited 882.00M 5.39 32.00M -0.44 0.00
Finisar Corporation 1.29B 2.14 97.77M -0.42 0.00

Table 1 shows gross revenue, earnings per share (EPS) and valuation of the two companies.


Table 2 shows us BlackBerry Limited and Finisar Corporation’s return on assets, net margins and return on equity.

Net Margins Return on Equity Return on Assets
BlackBerry Limited 3.63% 0% 0%
Finisar Corporation -7.58% -6% -3.8%

Volatility and Risk

BlackBerry Limited is 77.00% more volatile than Standard & Poor’s 500 because the company has a beta of 1.77. Finisar Corporation on the other hand, has 1.49 beta which makes it 49.00% more volatile compared to Standard & Poor’s 500.

Analyst Recommendations

The table delivered features the ratings and recommendations for BlackBerry Limited and Finisar Corporation.

Sell Ratings Hold Ratings Buy Ratings Rating Score
BlackBerry Limited 0 0 0 0.00
Finisar Corporation 0 6 1 2.14

Competitively Finisar Corporation has an average target price of $23, with potential downside of -1.63%.

Insider & Institutional Ownership

The shares of both BlackBerry Limited and Finisar Corporation are owned by institutional investors at 56.6% and 0% respectively. BlackBerry Limited’s share owned by insiders are 11.2%. Comparatively, insiders own roughly 1.4% of Finisar Corporation’s shares.


In this table we show the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
BlackBerry Limited -10.13% -17.96% -20.76% -34.55% -23.23% -29.27%
Finisar Corporation -4.07% 24.93% 11.44% 24.72% 24.1% 10.07%

For the past year BlackBerry Limited has -29.27% weaker performance while Finisar Corporation has 10.07% stronger performance.


BlackBerry Limited beats on 7 of the 11 factors Finisar Corporation.

BlackBerry Limited operates as security software and services company in securing, connecting, and mobilizing enterprises worldwide. The company operates in three segments: Software & Services, Mobility Solutions, and Service Access Fees (SAF). The Software & Services segment offers enterprise software and services, including mobile-first security, productivity, collaboration, and end-point management solutions for the Enterprise of Things through the BlackBerry Secure platform; BlackBerry technology solutions, such as BlackBerry QNX, Certicom, Paratek, BlackBerry Radar, and intellectual property and licensing; AtHoc, which provides secure, networked crisis communications solutions; SecuSmart that offers secure voice and text messaging solutions with encryption and anti-eavesdropping facilities; licensing and services related to BlackBerry Messenger; and cybersecurity consulting services and tools. The Mobility Solutions segment engages in the development and licensing of secure device software and the outsourcing to partners of design, manufacturing, sales, and customer support for BlackBerry-branded handsets. This segment also develops software updates for its legacy BlackBerry 10 platform, and delivers BlackBerry productivity applications to Android smartphone users via the Google Play store; and sells its DTEK60, DTEK50, Priv, Leap, and Passport smartphones and smartphone accessories, as well as offers non-warranty repair services. The SAF segment consists of operations related to subscribers using mobile devices with its legacy BlackBerry 7 and prior operating systems. The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was founded in 1984 and is headquartered in Waterloo, Canada.

Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, China, Malaysia, and internationally. The companyÂ’s optical subsystems primarily include transmitters, receivers, transceivers, transponders, and active optical cables, which provide the fundamental optical-electrical, or optoelectronic interface for interconnecting the electronic equipment used in networks comprising switches, routers, and servers used in wireline networks, as well as antennas and base stations used in wireless networks. It also offers wavelength selective switches that are used to switch network traffic from one optical fiber to various other fibers without converting to an electronic signal. In addition, the company provides optical components primarily consisting of packaged lasers and photodetectors; and passive optical components for use in telecommunication applications. It markets its products through direct sales force, as well as distributors, manufacturersÂ’ representatives and resellers, and system integrators; and to the manufacturers of storage systems, networking equipment, and telecommunication equipment, as well as to their contract manufacturers. Finisar Corporation was founded in 1987 and is headquartered in Sunnyvale, California.

Related Posts:

  • No Related Posts

Infosys offers e-courses for engg students

BENGALURU: Infosys has launched a digital learning platform, offering curated content targeted at engineering students in their third and fourth years.

Continue without login


Login from existing account


Refrain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks, name calling or inciting hatred against any community. Help us delete comments that do not follow these guidelines by marking them offensive. Let’s work together to keep the conversation civil.


Related Posts:

  • No Related Posts

Hillicon Valley: Facebook weighs crackdown on anti-vaccine content | Lyft challenges Trump fuel …

LYFT JUMPS INTO EMISSIONS FIGHT: Lyft is backing a legal challenge against a key part of the Trump administration’s plan to weaken fuel …

Welcome to Hillicon Valley, The Hill’s newsletter detailing all you need to know about the tech and cyber news from Capitol Hill to Silicon Valley. If you don’t already, be sure to sign up for our newsletter with this LINK.

Welcome! Follow the cyber team, Olivia Beavers (@olivia_beavers) and Jacqueline Thomsen (@jacq_thomsen), and the tech team, Harper Neidig (@hneidig) and Emily Birnbaum (@birnbaum_e).

FACEBOOK FEELS THE HEAT ON ANTI-VAX POSTS: Facebook says it will look into removing posts promoting conspiracy theories about vaccines following complaints from Rep. Adam SchiffAdam Bennett SchiffHillicon Valley: New York says goodbye to Amazon’s HQ2 | AOC reacts: ‘Anything is possible’ | FTC pushes for record Facebook fine | Cyber threats to utilities on the riseSchiff calls out Facebook, Google over anti-vaccination informationRule change sharpens Dem investigations into TrumpMORE (D-Calif.).

The company told Bloomberg News on Friday that it is “exploring additional measures to best combat the problem” of fake news and conspiracy theories being promoted on its site, which include numerous groups and message boards dedicated to spreading theories concerning a nonexistent link between vaccines and autism.


Possible steps the company could take include “reducing or removing this type of content from recommendations, including Groups You Should Join, and demoting it in search results, while also ensuring that higher quality and more authoritative information is available,” the company told Bloomberg.

Facebook’s statement followed a letter to the company from Schiff, who argued that Facebook’s platform was contributing to global health risks caused by speculation surrounding vaccines.

“There is strong evidence to suggest that at least part of the source of this trend is the degree to which medically inaccurate information about vaccines surface on the websites where many Americans get their information,” Schiff’s letter reads, according to Bloomberg.

“The algorithms which power these services are not designed to distinguish quality information from misinformation or misleading information, and the consequences of that are particularly troubling for public health issues,” he continued. Read more here.

LYFT JUMPS INTO EMISSIONS FIGHT: Lyft is backing a legal challenge against a key part of the Trump administration’s plan to weaken fuel emissions standards for the auto industry.

The ride-hailing company filed a brief in federal appeals court Thursday in support of a lawsuit against the Environmental Protection Agency (EPA) for concluding that standards set during the Obama administration for the years 2021 through 2026 should be weakened.

“Lyft relies on EPA’s greenhouse gas standards both to reduce fuel costs for drivers and to help make its rides carbon-neutral,” the company wrote in its brief. “Drivers that use Lyft need fuel-efficient cars to make the service more economic, and both Lyft and its riders count on that fuel efficiency to reduce costs and protect the environment.”

Lyft announced last year that it was investing in offsetting the emissions of its worldwide fleet of cars in order to become carbon neutral.

It’s joining a coalition of green groups and Democratic states led by California in challenging the initial step of the Trump administration’s weakening of the Obama-era standards. The Trump EPA has not yet finalized its new standards.

Opponents argued that the agency violated procedural requirements in making the April determination. More on Lyft’s case here.

SHOOT YOUR SHOT: Two top Illinois Democrats urged Amazon on Thursday to reconsider Chicago for possible expansion after the company scrapped plans for a new headquarters in New York City.

The Chicago Tribune reported that Gov. J.B. Pritzker (D) and Chicago Mayor Rahm Emmanuel explained in a one-page letter that Chicago has the workforce, transportation hubs and universities necessary to support Amazon should it decide to add operations in the Windy City.

“You should take another look at Chicago,” the letter said. “We will be happy to bring you back.”

The city was previously a finalist for Amazon’s HQ2, though the company announced last month it would split its new headquarters between New York City and Northern Virginia.

The Tribune reported that Amazon already employs more than 12,000 people in Illinois, including a few hundred based in Chicago. More on that here.

MORE TRADE TALKS TO COME: U.S. trade officials met with their Chinese counterparts and other top officials in Beijing on Friday, where the two sides worked to resolve a trade dispute that has engulfed the two countries for months.

Treasury Secretary Steven MnuchinSteven Terner MnuchinThe next two years of federal housing policy could be positive under Mark CalabriaThe Hill’s Morning Report – Presented by the American Academy of HIV Medicine – Will there be any last-minute shutdown drama?Trump mulling 60-day delay for China tariff deadlineMORE and U.S. Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerTrump says no discussion of extending deadline in Chinese trade talksMcConnell urges GOP senators to call Trump about tariffsCompanies brace for trade warMORE met with Chinese President Xi Jinping on Friday after a week of senior-level meetings in Beijing. Further discussions are planned for Washington D.C. next week.

Representatives from the U.S. and China have been negotiating since the beginning of the year in an attempt to resolve a costly trade war that has so far led to back-and-forth tariff action from both governments.

Reuters reports that Xi touted the talks’ progress on Chinese state television Friday, while expressing his hope that negotiators could continue to work towards a “mutually beneficial” outcome next week in Washington. Our update here.

A LIGHTER CLICK: Romance isn’t dead.

AN OP-ED TO CHEW ON: Internet creativity is good for American jobs and the economy.


Amazon isn’t interested in making the world a better place. (The New York Times)

Here’s how one of Facebook’s biggest anti-vax communities built its massive network. (Buzzfeed)

How Amazon blew its chance in New York. (CNN)

Google’s Waymo risks repeating Silicon Valley’s most famous blunder. (Ars Technica)

The Wired guide to your personal data and who is using it. (Wired)

Related Posts:

  • No Related Posts