Hi, welcome to your weekend!
“The reign of the Queen lives:
14 American presidents
15 prime ministers
0 Profitable 15-Minute Grocery Delivery Companies
TO TEAR APART”
As difficult as it may be for us Yanks to sentimentalize the Queen’s passing, Bakke’s joke goes to the heart of why she meant so much to so many. She wasn’t a great leader in the Silicon Valley sense: she didn’t build amazing things, or inspire waves of reform or innovation, or even change the world in any way. . She simply persevered longer than anyone before her.
Silicon Valley’s insatiable hunt for the next big thing is ingrained in its DNA. And you could argue that his addiction to novelty is necessary to run the whole capitalist machine. But as the British monarchy demonstrates, you can’t always blitzscale and big-out to carve your way to a lasting legacy.
The flashy novelty – whether it’s a 15-minute delivery boot or a brutal, hostile takeover by a Hollywood C-lister – will always pale in comparison to the fundamentally good and valuable thing. that lasts and lasts and lasts. The Queen’s real power was her stamina – a quality that tech leaders should also aspire to.
Now on to this week’s stories…
Looking to buy a new lipstick? Maybe you’d rather digitize the process by uploading a selfie to L’Oreal, Nars, or Macy’s and virtually trying on shades. It seems harmless enough, until the technology scans your face for traits like neuroticism and extroversion. Zara Stone takes us inside Perfect Corp., a Taiwanese unicorn seeking to revamp the beauty industry with backing from investors like Snap, Chanel, Goldman Sachs and Alibaba. Although seemingly cosmetic, the company’s facial dissection technologies open the door to some dystopian possibilities.
Last month, in its biggest-ever acquisition, TikTok’s Chinese parent company reportedly paid $1.5 billion to take control of one of China’s largest private hospital chains. Amcare Healthcare operates a cluster of lavish birthing centers and women’s and children’s hospitals, where a VIP postpartum package costs around $32,000. Louise Matsakis consults with experts on why the social media giant would venture into the highly regulated healthcare space, while reminding us that Amazon just did the same in the US.
The year-old CEO of crypto firm Entropy, Tux Pacific, is a rarity among tech founders. Not only are they transgender and opting for them/them pronouns, but they are also a vocal free-market anarchist. (That is, they are in favor of a free-market economic system, but against state involvement.) Margaux tells Pacific about their winding life path, which begins with a childhood Mormon in North Carolina and ends in a $25 million seed round. directed by Andressen Horowitz.
Finally, we are delighted to announce the addition of two veteran journalists to The Information’s growing Weekend team. Abe joins us after more than a decade covering global business titans at Forbes, most recently as an editor. Arielle hails from Wired, where as senior editor she wrote nearly a dozen feature films for the magazine. Welcome Abe and Arielle!
Reading: Why does every CEO want washboard abs?
What do Jeff Bezos, Ari Emanuel and video game director Strauss Zelnick have in common? Along with healthy bank accounts and a Y chromosome, the trio represent a class of executives obsessed with their six-packs. In the Wall Street Journal, Ellen Gamerman describes a new normal for male CEOs that female leaders have lived with for a long time: maintaining physical attractiveness alongside financial prowess. Says Nancy Chemtob, a New York divorce attorney, concisely: “Blackstone, BlackRock, Goldman. There is just very little body fat. —Annie
Remarking: Elon invokes Tolkien, who‘i probably hate it
“Tolkien is turning in his grave”, Elon Musk wrote on Twitter earlier this week. The richest person in the world, presumably surrounded by heaps of precious things, had just watched Tolkien’s new verse series from Amazon, “The Rings of Power,” and didn’t like it at all. “So far almost every male character is coward, asshole or both,” Musk wrote. But there’s an irony in a tech lord checking JRR Tolkien’s name. As comedian Sean Thomason underline, the fantasy writer actually hated technology. Tolkien made this clear in his life – he had a big thing against steam trains – as well as in his work, describing evil goblins and their delight with “wheels, engines and explosives”. Does this sound like someone you know, Elon? – Abe
Question: Should you give an Apple Watch to your child?
Having trouble keeping your child off their phone at the table? Have you tried a $279 smartwatch? For The New York Times, Kalley Huang and Brian X. Chen write about the growing number of parents who are giving their children as young as 5 their own Apple Watch. Surprisingly, it has become a savvy way to keep kids away from the most harmful devices. With minimal apps and no web browsers, the watch has become the kiddie pool of Apple products – a way to track and contact their child without giving them a portal to the grimy depths of the internet. Is that a steep price for a kid’s wrist accessory? Sure, but it’s cheap compared to a few more teenage years without an iPhone.
who makes you think
Until next weekend, thanks for reading.
Weekend Editor, The Information