Have your friends signed up?
Okay, let's start with ...
Illustration: Aïda Amer/Axios
Over the past few years, big-name venture capitalists and flashy PR campaigns have boasted about replicating the Silicon Valley tech boom in second-tier cities around the country.
But so far there is no stampede to the hinterland. Existing U.S. tech hubs are not only holding on to their stature as primary magnets of top tech talent, but bolstering it. Second-tier cities remain just that.
Erica writes: A small number of U.S. cities — Boston, Austin, and of course the soup of cities making up Silicon Valley — still host almost all the Big Tech headquarters, while parceling out mere morsels of satellite offices or data centers elsewhere, away from the action.
New data from Indeed, the jobs site, shows that Silicon Valley's share of the nation's tech jobs actually increased by 10% between 2017 and 2018. Austin's share grew by 9%.
How they are doing it: "Not only do the Bay Area, Seattle, and Austin have a bigger concentration of tech jobs, but the tech jobs they have tend to be more cutting-edge and pay more," says Jed Kolko, chief economist at Indeed.
Time moves on: Though he sees Silicon Valley as a weighty and immovable object at the moment, Weiner says that, throughout history, creative hubs like Athens and Florence have led the world — before withering away after about a century.
For now, the Valley is on top.
But venture capitalists and startup CEOs in middle America attempt to paint a glass half-full picture of the data.
Photo: Wang Zhao/AFP/Getty
Amazon's decision to all but shut down operations in China is another step in a reorganization of the world into two distinct, digitally-driven universes.
What's happening: In an announcement yesterday, Amazon said it will give up the local Chinese market, making its online store there solely a conduit for foreign goods.
Chinese analysts say the move follows tin-eared marketing and enormous gaffes by Amazon going back years, report the FT's Shannon Bond, Yuan Yang and Nian Liu.
"We are seeing rebordering in the behavior of both private and public actors," said Janice Gross Stein, a professor at the University of Toronto.
Amazon did not respond to an email seeking comment.
Photo: Chris Niedenthal/LIFE/Getty
Did stuff take longer than you expected? Not to worry — here is the top of Future for the week:
1. Companies sue for antitrust: Getting ahead of the feds
2. Automation of the food business: A $5.7 trillion market
3. Wall Street reckons with climate risk: The profit motive steps in
4. The AI frenzy at universities: The new industry at stake
Photo: Kevin C. Cox/Getty
Five days after Tiger Woods' capture of the Masters tournament, golf fans, and people who couldn't care less about the sport, remain in various states of rapture. Michael Jordan, no stranger to comebacks, tells the Athletic it was "the greatest comeback I've ever seen."
So it is with Axios' Kendall Baker, who writes that he has found himself weeping over Woods. Kendall's bottom line:
"If Tiger's redemption story doesn't teach you the power of self-belief — or, better yet, teach your children or the children you'll one day have the power of self-belief — I don't know what will."