Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
A "very big wave" of merger and acquisition activity in tech is on the horizon, but a couple things are in the way — high valuations and activist investors, venture capitalist Marc Andreessen says.
"There's a lot of companies that in theory people want to buy, ... [but] they got marked up too much," he said Thursday at the StrictlyVC Series in Palo Alto, California.
"Falling prices are no fun, but they do tend to create options in the form of people starting to be interested in buying," Andreessen said. "So part of it is to any extent any price correction will generally result in more M&A."
The other issue is that large, established tech companies that have the ability to buy start-ups are also dealing with activist investors, he said. Amdreessen pointed to Microsoft, which has activist investor firm ValueAct on its board of directors, something he said would have been "unheard of 10 or 20 years ago."
"If you either had an activist involved at the start of your deals or if you were operating under the threat of an activist becoming involved, you didn't want to do anything to trigger it," Andreessen said.
But these big tech companies recognized that they're "strategically exposed" as technology and the environment change, Andreessen said. While some "can innovate their way into it, internally," most will feel pressured into the "time-honored tradition" of buying smaller companies to enter newer markets, he said.
What Andreessen finds particularly interesting is the increasing number of companies outside of the tech industry buying start-ups. For example, earlier this year General Motors bought self-driving car start-up Cruise Automation. In 2015, Under Armour bought MyFitnessPal.
Andreessen said this trend will likely accelerate.
"If you believe tech is becoming more important in more industries and if you believe that we can build companies in more industries, then it follows that our companies will end up being bought by incumbents in more industries," he said. "That, I think, is a very positive view of how big the Valley can get, how big our industry can get."