Apr 24, 2017

Quora answers funding questions

Online Q&A site Quora has raised $85 million in new VC funding at around a $1.8 billion valuation. Company co-founder and CEO Adam D'Angelo tells Axios that proceeds will go toward "internationalization" (i.e., adding languages ― it did Spanish at the end of 2016 with French, German and Italian to soon follow) and to increase its focus on machine learning (e.g., figuring out who should answer each question).

Late incubation: D'Angelo also clarified Quora's unusual entry into the Y Combinator program in 2014, despite already being 5 years-old at the time:

I think it got blown up in the press to be more than it actually was. Sam [Altman] and other YC partners wanted to do an experiment investing in later-stage companies, so they did a small investment in our last round. That gave us YC status, but we didn't do the normal stuff that early-stage companies do at YC... but it did make us eligible for what became the YC Continuity Fund, which is where a lot of the new funding is coming from.

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China tries to contain coronavirus, as Apple warns of earnings impact

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

As China pushes to contain the spread of the novel coronavirus — placing around 780 million people under travel restrictions, per CNN — the economic repercussions continue to be felt globally as companies like Apple warn of the impact from the lack of manufacturing and consumer demand in China.

The big picture: COVID-19 has now killed at least 1,775 people and infected more than 70,000 others, mostly in mainland China. There are some signs that new cases are growing at a slower rate now, although the World Health Organization said Monday it's "too early to tell" if this will continue.

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Apple will miss quarterly earnings estimates due to coronavirus

Apple CEO Tim Cook

Apple issued a rare earnings warning on Monday, saying it would not meet quarterly revenue expectations due to the impact of the coronavirus, which will limit iPhone production and limit product demand in China.

Why it matters: Lots of companies rely on China for production, but unlike most U.S. tech companies, Apple also gets a significant chunk of its revenue from sales in China.

America's dwindling executions

The Trump administration wants to reboot federal executions, pointing to a 16-year lapse, but Pew Research reports the government has only executed three people since 1963.

The big picture: Nearly all executions in the U.S. are done by states. Even those have been steadily dropping for two decades, per the Bureau of Justice Statistics (BJS) — marking a downward trend for all executions in the country.