For some venture capital–backed cybersecurity startups, the slow-moving gears of initial public offerings are starting to turn. Snyk, an Accel Partners–backed startup that sells security tools for developers, valued at $7.4 billion in 2022, has been drafting its IPO investor prospectus and could file it confidentially with regulators in the next few months, a person familiar with the matter said. Meanwhile, Cato Networks, a SoftBank-backed Israeli startup that sells network... Read more ›
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In the classic Akira Kurosawa movie “Rashomon,” four witnesses to a murder describe the event in four conflicting ways. Watching that movie would have been good preparation for the contradictory narratives that greeted Apple’s seemingly momentous news today about changes to its app policies in Europe. Apple outlined those changes in a news release and a long set of posts for developers. It will make the shifts in March to... Read more ›
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Apple appeared to drop a bombshell Thursday morning in saying it would comply with a new European law by offering to lower its App Store commissions to 20% from 30% and dropping other longtime restrictions, including its prohibition on alternative app stores. Apple also opened up the iPhone chip used for Apple Pay to banks and other developers to launch contactless payments at cash registers. At the same time, though,... Read more ›
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TikTok’s efforts to make inroads with Hollywood include bringing a dozen top movie-focused creators to the Sundance Film Festival, which is currently taking place in Park City, Utah. If that sounds familiar to you, that’s because YouTube did this at Sundance for several years last decade, when it, too, was heavily focused on making inroads into the traditional entertainment industry.TikTok creators including Joe Aragon (1 million followers on TikTok) and... Read more ›
0
This week made it clear that venture capitalists have given up on the idea that they’ll make their career finding the next hit consumer marketplace, retail brand or media company.We reported that the core consumer team at Andreessen Horowitz, a firm known for bets on Pinterest, Instacart and Airbnb, has dissolved. Connie Chan, a longtime consumer general partner at the firm, said she was leaving the firm. She was the... Read more ›
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Many logistics startups were forced to make deep layoffs last year as their businesses slumped. Package-delivery startup Veho, in contrast, grew its revenue nearly 90% last year. Yet it’s also been cutting jobs. Veho cut 19% of its corporate workers last week, a person close to the company said, layoffs that came just a few months after it outsourced many of its customer service roles to overseas contractors. The layoffs,... Read more ›
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At The Information, we’ve spent a lot of time writing about artificial intelligence and the people who develop it. But at the end of the day, their ability to launch software to billions of people depends on data centers. And the availability of such facilities can’t be taken for granted.Over the past few days, I’ve rubbed shoulders with the titans of American data centers at the Pacific Telecommunications Council conference... Read more ›
1
Design software maker Figma has added roughly 500 employees since it agreed to be bought by Adobe in September 2022. The companies canceled the deal in December in the face of regulators’ objections. Not much has changed, however, about who’s running Figma. Co-founder and CEO Dylan Field has seven direct reports. Only one—chief marketing officer Sheila Vashee—joined since the Adobe deal was announced. Most other senior leaders have largely stayed... Read more ›
0
For years, Toyota has diverged from the auto industry’s mostly all-in attitude toward electric vehicles—it would build what its customers said they wanted, the company said, and was in no rush to produce EVs. In fact, chair Akio Toyoda said earlier this month that the Japanese company was developing a new combustion engine because they “are necessary for the future.” And on Tuesday, Toyoda went even further and declared that... Read more ›
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Careful readers of this newsletter may recall that Fanfix, which helps creators earn money directly from their followers through subscriptions and paid messaging, sued Passes, another fan subscription company, in Los Angeles County Superior Court earlier this month. I spent some time looking into the case this week. It shows just how far platforms will go to keep the relationships with their creators close. And it contains a surprising complaint... Read more ›
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Stock market pundits may want to come up with a new name for the big tech stocks driving the overall market. The “magnificent seven” descriptor—referring to Apple, Microsoft, Alphabet, Amazon, Meta Platforms, Nvidia and Tesla—no longer seems to make much sense. I’d like to suggest that’s because none of the company CEOs look like cowboy gunslingers from the 1960 movie that made the phrase famous. It’s hard to imagine Steve... Read more ›
0
Several Tiger Global Management employees focused on raising capital for the New York firm’s venture funds have taken buyout offers, according to a person familiar with the matter. The departures of the staff, who worked with prospective investors, come as the firm has struggled to raise money for its latest venture capital fund after a collapse in startup valuations soured its paper returns for earlier funds. As of the second... Read more ›
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Humanity is waking up to the challenges and opportunities of artificial intelligence, but we don’t yet understand our role. People talk about unexplainable AI when they should be more concerned about the unexplainable humans running the companies that develop the AI. (Hiya, Sam!) People worried about AI taking their jobs and taking control are competing with a myth. Instead, people should train themselves to be better humans even as they... Read more ›
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OpenAI, Anthropic and Elon Musk’s xAI have drawn attention for their unconventional governance structures, ones that prioritize public interest over obligations to shareholders. But these companies are the outliers, The Information’s analysis shows, as most AI developers opt for traditional approaches that appeal to investors. Only 4 of the 96 U.S.-incorporated startups in The Information’s Generative AI Database have adopted the structure of either a nonprofit or for-profit benefit corporation,... Read more ›
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If you ask the typical TV executive about the challenges of video streaming, they’re likely to use one word: churn. Unlike cable TV, streaming services let viewers chop and change their subscriptions at a moment’s notice, complicating the companies’ ability to build an audience and make money. Telecom giant Verizon sees an opportunity to help—and to make money. Verizon is pitching entertainment companies on its ability to help them manage... Read more ›
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Netflix has put media companies in a chokehold. The streaming giant’s $5 billion deal to assume the rights to World Wrestling Entertainment’s Raw from NBCUniversal’s USA network—and other WWE programming overseas—demonstrates its growing competitive advantage over older TV companies. USA has aired Raw since 1993—with a five-year break in the early 2000s—but, with the cable sector in decline, the channel is presumably becoming more careful about how much it spends... Read more ›
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New year, new M&A in the creator economy! VidIQ, an analytics provider for creators, is acquiring Creator Now, a Los Angeles-based online education startup for aspiring creators, The Information is first to report. Read more ›
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Microsoft is doubling down on artificial intelligence that’s smaller and cheaper to run than OpenAI’s. The maker of Windows and Office has formed a new team to develop conversational AI that requires less computing power compared to software it’s using from OpenAI, according to two people with direct knowledge of it. Microsoft has moved several top AI developers from its research group to the new GenAI team, which is part... Read more ›
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Three Google researchers who helped develop artificial intelligence that generates images and music recently left the company to launch their own AI startup called Uncharted Labs, according to two people with direct knowledge of their plans and a securities filing. It’s the latest example of top researchers who faced bureaucratic delays in launching their AI products at Google and decided to capitalize on venture investors’ enthusiasm for new companies in... Read more ›
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Brex is cutting 20% of its workforce and shaking up senior management ranks in a new effort to slash its cash burn, as the fintech firm grapples with slower revenue growth. The company told employees in an email on Tuesday that Chief Operating Officer Michael Tannenbaum and Chief Technology Officer Cosmin Nicolaescu are both giving up their positions. Tannenbaum will join Brex’s board, while Nicolaescu will become an adviser, in... Read more ›
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01.04.2026 11:24
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