United States

Gina Chon

Breakingviews - Silicon Valley has a millennials problem

Apr 17 2019

SAN FRANCISCO (Reuters Breakingviews) - Silicon Valley has a millennials problem. Recent surveys show young adults want to leave the San Francisco area. Of the seemingly intractable issues they cited as reasons, few are new. But they’re now threatening the region’s ability to attract and keep talent.

Breakingviews - A $100 bln price tag still in Uber’s driving range

Apr 11 2019

SAN FRANCISCO/NEW YORK (Reuters Breakingviews) - A $100 billion price tag is still in Uber Technologies' driving range. The ride-hailing app just released the prospectus for its initial public offering, which could value it at about nine times 2018 revenue. At least that’s less than the multiple at which faster-growing Lyft went public. Both cash-burning firms face an uncertain road to profitability. Uber’s diversification may help it survive the long journey.

Breakingviews - Uber gets an IPO boost from Middle East deal

Mar 26 2019

LONDON, SAN FRANCISCO (Reuters Breakingviews) - Uber Technologies’ $3.1 billion acquisition of Middle East rival Careem Networks should give its IPO a boost. It shows the group which is burning cash is still willing to spend to grow. And, by reducing competition in the fast-growing region, it gives potential investors one less thing to worry about.

Breakingviews - Pinterest’s future relies on pegging global sales

Mar 24 2019

SAN FRANCISCO (Reuters Breakingviews) - Pinterest’s future relies on pegging global sales growth. The social scrapbooking app has a healthier balance sheet than other startups going public. Revenue growth has outpaced expenses, shrinking its net loss by 65 percent over two years to $63 million. Most of its user expansion, though, comes from overseas enthusiasts, still far less lucrative than those at home.

Breakingviews - U.S. floods add new twists to 2020 elections

Mar 21 2019

SAN FRANCISCO (Reuters Breakingviews) - Recent U.S. floods are adding new twists to the 2020 elections. Several midwestern states have suffered some of their worst deluges on record, raising more climate-change fears. That could influence voters in Iowa, a key state in the U.S. presidential-election process. And the floods’ financial toll may prompt underwater farmers to dump President Donald Trump.

Breakingviews - Facebook departure is a wake-up call for investors

Mar 15 2019

NEW YORK/SAN FRANCISCO (Reuters Breakingviews) - Mark Zuckerberg’s inner circle just got smaller. Chris Cox, the Facebook chief executive's long-time lieutenant and chief product officer, is quitting after Zuckerberg last week outlined a new direction for the $470 billion social network. It’s hard to overstate how instrumental Cox has been. His departure is a wake-up call for investors.

Breakingviews - Facebook's presidential foes are also customers

Mar 14 2019

NEW YORK/SAN FRANCISCO (Reuters Breakingviews) - Facebook's presidential foes are also its customers. Elizabeth Warren and other Democrats running for the White House have turned Silicon Valley into a political punching bag, but their campaigns are big users of Facebook and other online platforms. It reflects the power of tech giants and suggests bashing them may not persuade voters. 

Breakingviews - Big Tech's best bet is to friend U.S. regulation

Mar 11 2019

SAN FRANCISCO/NEW YORK (Reuters Breakingviews) - Silicon Valley’s biggest companies should get in the tent with U.S. regulators. Lawmakers and politicians keen to run for president are considering ways to break up Amazon.com, Facebook, Alphabet's Google and even Apple. Companies fighting constraints rather than trying to shape them may regret it.

Breakingviews - Trump wall non-deal requires scraping for funds

Feb 15 2019

WASHINGTON (Reuters Breakingviews) - Donald Trump has started another war of sorts – this time at home. Congress rejected the U.S. president’s demands to fund a southern border barrier, so on Friday he declared a national emergency, a move that will face an array of legal challenges. It’s a messy non-deal considering Trump turned down a compromise providing $25 billion for his wall in 2018.

Breakingviews - Review: Howard Schultz, the author, is a winner

Feb 08 2019

WASHINGTON (Reuters Breakingviews) - Howard Schultz, the author, makes for a political winner. The former Starbucks chief’s tough childhood and the way he fashioned an American corporate icon from a local coffee roaster makes for an inspiring tale in his new memoir “From the Ground Up.” Workers and veterans helped by the coffee chain’s generous and progressive benefits, including health insurance and college aid, are also stirring. But this message seems strangely missing from his White House rollout.

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