• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026
TechData Sheet

Data Sheet—Remembering When Tom Wolfe Nailed Silicon Valley

By
Aaron Pressman
Aaron Pressman
and
Adam Lashinsky
Adam Lashinsky
Down Arrow Button Icon
By
Aaron Pressman
Aaron Pressman
and
Adam Lashinsky
Adam Lashinsky
Down Arrow Button Icon
May 16, 2018, 9:17 AM ET
Video Poster
Add Fortune on Google for similar content.

This is the web version of Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here.

If you’re fortunate enough to practice a craft and to achieve some modest success at it, and if you have even a modicum of humility, then you’re hyper aware of the giants of your field, the people whose least impressive effort is better than you’ll ever accomplish.

Journalist and novelist Tom Wolfe was one of the finest practitioners of narrative nonfiction ever to write in English. Wolfe, who died Tuesday at age 88, was a lion of 20th century journalism, a hard-working, creative, brilliant writer, and a colorful character in his own right. There may be no better example of the genre than The Right Stuff, Wolfe’s meticulously researched and entertainingly told tale of the early American astronauts and the daring test pilot, Chuck Yeager, who never joined their ranks. He excelled at literary criticism, cultural and political portraits, and then, as if there was nothing left to achieve, fiction. His Bonfire of the Vanities recorded an era, the 1980s on Wall Street, as well as any writer ever will.

This being Data Sheet, it may shock you to know that Wolfe also wrote one of the best magazine feature stories every published about Silicon Valley. His December, 1983, profile in Esquire of Intel co-founder Robert Noyce captured the early days of the technology industry, a feat all the more astounding given Wolfe’s outsider status in these parts.

Anyone who thinks today’s “brogrammer” culture in the Valley is somehow new needs to read Wolfe’s insightful account of the proclivity of Intel men to leave their wives for the young women at work who found the engineers’ stories and business triumphs far more entertaining than their homebound spouses did.

I first read Wolfe’s Esquire article a baker’s dozen years ago when I was reporting a profile of Intel’s new CEO, Paul Otellini, who died last year. I asked the legendary Andy Grove, also no longer with us, about the Wolfe profile of his long-deceased boss, and Grove unleashed a typically expletive-laden condemnation of Wolfe’s sendup, arguing that Wolfe didn’t understand Silicon Valley.

I could see why Grove didn’t cotton to Wolfe’s account. But I thought then—and continue to think now—that Wolfe perfectly nailed the self-righteous, entitled, narcissistic mentality of the Valley, a place whose accomplishments equal its hubris. And this was nearly 35 years ago.

Godspeed, Tom Wolfe.

Adam Lashinsky
@adamlashinsky
adam_lashinsky@fortune.com

NEWSWORTHY

All kinds of money. Digital currency startup Circle raised $110 million from private investors led by Chinese currency mining powerhouse Bitmain. The deal terms valued Circle at almost $3 billion, more than six times its value in 2016. Bitmain will work with Circle on efforts to tie new coins to actual currencies and make digital wallets more interoperable. “I think in the future the markets are not only about cryptocurrencies and ICOs but about stable tokens and traditional verticals like bonds and stocks," Bitmain co-founder Jihan Wu tells Fortune. Elsewhere in cryptocurrency startup land, Canaan, one of the largest makers of mining hardware setups, filed to go public in China and raise $1 billion. And phone maker HTC is trying to jump on the bandwagon with its new phone, called Exodus, that is chock full of features for digital currency traders.

All kinds of filters. Another day, another 2.5 million pieces of hate speech on Facebook. The social network said on Tuesday that it found that many bad posts in the first quarter, with 38% flagged by automated means and the rest caught by humans. The New York Times reports that the Justice Department is investigating Cambridge Analytica, the firm at the center of Facebook's data oversharing scandal. Meanwhile, Twitter said it was incorporating many more variables into its algorithms to detect inappropriate or abusive tweets so such posts could be filtered out sooner.

Vow of silence. So just how dangerous is social media? So dangerous that a new set of guidelines from the Vatican is telling cloistered nuns not to overindulge. "These means must therefore be used with sobriety and discretion, not only with regard to the contents but also to the quantity of information and the type of communication," the document states. Hopefully Pope Francis will still be able to tweet regularly to his 18 million followers.

Stripped down. With Apple's iPad still dominating the tablet market, Microsoft is planning to release a line of cheaper Surface tablets of its own, Bloomberg reports. The new line, coming in the second half of the year, will start at $400 and have 10-inch screens.

Burning a hole in his pocket. Japanese billionaire and SoftBank CEO Masayoshi Son isn't done spending his $100 billion Vision Fund, but he's still looking ahead. Son is trying to drum up interest to launch a new fund as early as 2019, Bloomberg reported.

Finally. The more than 1.5 million subscribers to AT&T's DirecTV Now Internet video service finally are getting DVR capability, a year and half after launch. The upgrade, which includes 20 hours of stored recordings at no extra charge, arrives first on apps for Apple TV, iOS and the web, with Android, Amazon Fire TV, and Roku coming soon.

Zoom zoom zoom. Electric scooter scourge–I mean startup–Lime is raising another $500 million to spread its green and white rides to more cities. Some of the financing may come through debt, Axios reports.

Cheaper by the dozen. More discounts for Amazon Prime members are coming to Whole Foods. The company said Wednesday that members will get 10% off items already on sale, among other new perks. “What we’ve seen is when we do special deals for Prime members, we get a lot of traffic," Whole Foods CEO John Mackey told Fortune.

FOOD FOR THOUGHT

With the changes wrought on our culture by smartphones and other digital technologies, the potential reach of marketing and promotion is deeper than ever before. But consumers are bombarded by so much information that marketers have to move beyond the usual kinds of advertising to cut through the clutter. In the Harvard Business Review, Antonis Kocheilas, managing director of strategy at Ogilvy Worldwide, examines how Nike is using new digital means to connect with its customers.

Space, as it relates to a brand system, denotes the proximity of a brand manifestation to a consumer. This goes beyond the traditional idea of physical availability — a term popularized by Byron Sharp, author of How Brands Grow, which he used to describe how brands can get their products physically in front of their consumers wherever they are, right when they want them. A successful brand must now be intimately integrated into the consumer’s life. It’s not enough for a brand to be physically available; it must also be relied upon.

Continuing with the example of Nike Plus, the Nike brand is granted access to personal health information so that it may help a consumer pursue their active lifestyle. As such, the Nike brand becomes spatially intimate with the consumer. Consumers trust and depend on Nike to help them carry out a certain aspect of their lifestyle. In this context, Nike acts as a lifestyle companion more so than a commercial entity. Thus, the consumer’s relationship with Nike becomes deeply personal, not just transactional.

IN CASE YOU MISSED IT

Virtual Food Is Coming to a Menu Near You By Jay Samit

Amazon and Fidelity Labs Collaborated on a Virtual Reality Financial Agent By Jonathan Vanian

Apple Has More Self-Driving Car Permits Than Waymo and Tesla By Don Reisinger

From Moscow to Zurich: Kaspersky Is Moving Customer Data Away from Russian Spies' Reach By David Meyer

Keyless Cars Can Have Deadly Consequences By Sarah Gray

Google and Internet Archive Are Top Choices for ISIS Propaganda By Jeff John Roberts

BEFORE YOU GO

Researchers using digital imaging technology have uncovered the secrets of two pages of Anne Frank's diary that the Holocaust victim covered over with brown paper. The newly discovered text reveals some of Frank's thoughts about sexual topics, but also sheds light on her development as a writer.

This edition of Data Sheet was curated by Aaron Pressman. Find past issues, and sign up for other Fortune newsletters.
About the Authors
By Aaron Pressman
See full bioRight Arrow Button Icon
By Adam Lashinsky
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

ai
North AmericaImmigration
Trump’s $46 billion ‘smart wall’ with Mexico bets on AI and scale
By Rebecca Santana and The Associated PressJuly 2, 2026
58 minutes ago
sk
AISouth Korea
AI “grief videos” turn mourning into a $390 service in South Korea
By Hyung-Jin Kim and The Associated PressJuly 2, 2026
1 hour ago
Securitize CEO Carlos Domingo looks to the far right during a conference.
CryptoBlockchain
Securitize is latest crypto company to go public as BlackRock-backed firm sees stock jump 3% on debut
By Camila Grigera NaónJuly 2, 2026
1 hour ago
Mark Zuckerberg, wearing a white shirt, smiles. He is standing in front of a crowd.
SuccessMark Zuckerberg
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the ‘highest-quality beef in the world’ on his $300 million estate in Hawaii
By Sasha RogelbergJuly 2, 2026
1 hour ago
Chris Hulatt co-founder of Octopus Group
SuccessHow I made my first million
A 2-year taste of the office was enough to make 3 grads quit. Now they run a $13.2 billion investment firm: ‘We didn’t want a traditional job again’
By Orianna Rosa RoyleJuly 2, 2026
2 hours ago
Jason Lemkin
Successwork-life balance
This investor won’t back startups unless staff are in the office 6 days a week: ‘Not because I don’t have empathy, because they’re going to fail’
By Preston ForeJuly 2, 2026
3 hours ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
1 day ago
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
Politics
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
By Sasha RogelbergJuly 1, 2026
1 day ago
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
Success
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
By Emma BurleighJuly 1, 2026
1 day ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.