As correspondent Jeff Elder reports,, or for the cities that host them. Conference visitors to San Francisco spend an average of $567 a day, according to one industry group's tally.
For the tech companies who put on the events, the costs can't be measured in just dollars and cents. Buzz, cachet, and loyalty with customers and developers are the most valuable currency for platform-based tech businesses. An amazing amount of planning goes into these events, but as the severity of the virus becomes more apparent, the tech companies that organize and attend the conferences are being forced to adapt to circumstances and respond on the fly.
There will almost certainly be more disruption and ripple effects in the months ahead, even if the epidemic doesn't live up to the worst fears. We'll never know if Google's Flu Trends could have detected the coronavirus outbreak sooner if the product had still been operational. But the widespread scramble within the tech industry is a humbling reminder that for all the data, machine learning and flu predictors we make, there are still limits to what our tools can do for us. PayPal's famous alumni have gone on to launch some of Silicon Valley's most influential companies, from SpaceX to LinkedIn.
But Amazon is building a reputation for being a training grounds for executives who can plug into companies in Silicon Valley and beyond. Ashley Stewart's look at Amazon's alumni is an eye opener. From Square's Alyssa Henry to Goldman Sachs' Marco Argenti, the list of leaders who cut their teeth at Amazon is deep. Now they're bringing the Bezos Way to corporations and startups across a wide spectrum of industries.
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