This week in social media, Facebook and its subsidiary WhatsApp backed Apple in its encryption fight with the FBI, the same week that a WhatsApp executive was briefly jailed in Brazil in a similar case.
Many have seen a shakeup coming this year to Silicon Valley's so-called "Unicorn" startups, those private startup companies like Uber and AirBnb that have a billion dollar valuation or greater. DoorDash Inc., a food-delivery startup that was seeking a $1 billion valuation when it began fundraising last fall, is reportedly now out of unicorn club as it finishes its investment round valued below that symbolic level -- and it may be the first of many.
The all-star startups over the past few years in Silicon Valley were all about growing as big and as fast as possible. That mindset bred a crop of young private companies so heavily funded, their valuations surpassed those of many long-established blue chip firms.
