If you’ve started seeing more trendy drink brands popping up on your social media feeds recently, that’s by design. Upstart beverage makers like Olipop, which says its carbonated drinks can help improve digestion and gut health, have been increasing their reach through influencers on TikTok and other apps. In early 2022, the brand contracted with creator Sara Crane to run its TikTok account, and Crane and a cast of other... Read more ›
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Legislation headed for the Senate that could ban TikTok is putting some U.S. venture capitalists in an uncomfortable position. Those with stakes in TikTok’s parent ByteDance could lobby in support of TikTok, prioritizing future returns. Or they could stay quiet, protecting both their relationships with policymakers and their reputations, as the pressure to appear patriotic increases in Silicon Valley. Their apparent reaction so far—silence, with the exception of Susquehanna International... Read more ›
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I just shared this note with our staff at The Information. Congratulations to all the journalists doing such incredible work. And thank you to our subscribers for supporting us.—Jessica *** Team, The Society for Advancing Business Editing and Writing (SABEW) has awarded their 2023 awards, and we cleaned up! For those who count such things, we were in second place with total wins (5) behind the New York Times. And... Read more ›
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Goldman Sachs promoted two of its senior investment bankers this week to prepare for a moment it has long been hoping for: a return of tech deals. Jane Dunlevie, a tech-focused banker who helped run Instacart’s initial public offering and Stripe’s $7 billion private capital raise last year, will expand her role to become global head of investment banking services for tech, media and telecom. She will also remain global... Read more ›
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European Union lawmakers on Wednesday approved the world’s most sweeping regulation so far of artificial intelligence. The AI Act, which will take effect in stages over the next several years, will ban some applications of AI that the law considers high risk, such as social scoring. It will also require the developers of AI models to adopt cybersecurity protections, among other safety and transparency requirements.Europe has a reputation of being... Read more ›
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A former Nextdoor employee alleged to a company-appointed investigator and to its board of directors in the summer of 2018 that its chief executive and co-founder, Nirav Tolia, sexually harassed her in 2015. A Nextdoor spokesperson confirmed the investigation of Tolia, who left the CEO job in 2018 but was reappointed last month by its board of directors to run the company again. “The Board took appropriate corrective action [in... Read more ›
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Amid increasing Wall Street skepticism toward the makers of passenger electric vehicles, investors are still funding companies making commercial EVs. Among them, California-based Harbinger Motors last week delivered the first of its stripped-down electric chassis to recreational vehicle manufacturer Thor Industries, which will design and install an RV body for it.Harbinger makes an extremely specialized product—the underbody for medium-duty electric vehicles like delivery vans, to which customers then add a Read more ›
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It’s taken four years, but the push to ban TikTok is moving at lightning speed—which will continue until it comes to a dead halt sometime in the near future. Today’s lopsided vote in the House of Representatives on the ban-or-sell TikTok bill moves the battle to the Senate, where its prospects are uncertain. Let’s assume it passes in that chamber and then gets signed by President Joe Biden. The next... Read more ›
0
Is TikTok’s pain Instagram’s gain? In the past, employees at the Meta Platforms app certainly thought so. Instagram’s short-video feature, Reels, has come a long way since its bumpy start in 2020. But it’s hard to imagine any Instagram exec isn’t intrigued by the reprise of Washington’s efforts to ban the ByteDance-owned app. After all, Reels could still use some of that TikTok magic. Read more ›
6
TikTok, facing a growing threat of a U.S. ban, has been a global juggernaut over the past few years, drawing more than a billion monthly users and prompting rivals to launch similar services. But what is an open secret among investors is that the app loses money. TikTok’s parent, ByteDance, doesn’t disclose TikTok’s financial performance. But ByteDance investors estimate TikTok lost several billion dollars last year on revenue of roughly... Read more ›
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In March last year, the former girlfriend of Erik Hosler—then the CEO of semiconductor manufacturing startup xLight—applied for a domestic violence restraining order against him, accusing Hosler of stalking and harassing her. A judge in California had already granted a temporary order, and when xLight learned of the dispute, it asked Hosler to step aside while it investigated the matter. While similar allegations of misconduct have resulted in executives leaving... Read more ›
0
If you tuned into Nvidia’s and Microsoft’s recent quarterly earnings calls, you probably heard their leaders discuss how inference—a fancy word for operating an artificial intelligence model—is becoming a bigger part of the computing workloads in their data centers. In other words, chatbots like ChatGPT Enterprise are serving real customers. That contrasts with what was going on for much of last year, when major tech firms were developing, or training,... Read more ›
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Last fall, Allbirds was preparing to launch an updated version of its popular Wool Runner shoe when its product design team realized there was a problem. A flaw in the design meant Allbirds had to scramble to remove and replace the fabric inside roughly 30,000 pairs of shoes, two people who worked on the launch said. The last-minute snag underlines the quality issues plaguing the onetime direct-to-consumer darling. Those issues... Read more ›
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How bad is the slowdown in e-commerce growth? Ask Blackstone, one of the world’s largest investment firms. Two years ago, a division of Blackstone that invests in consumer brands such as Supergoop and Spanx joined a second investor to commit $200 million to an e-commerce startup they had founded together. The startup, Kite, was pursuing a roll-up strategy that aimed to buy small consumer goods brands and provide them with... Read more ›
0
We’re in one of those news cycles where everything makes way for one dominant story, which right now is TikTok. Don’t worry—if you’re not fascinated by the to-ban-or-not-to-ban debate, it will eventually fade from the headlines. But not just yet: Instead, over the next few days, TikTok will become an even bigger story, as the House of Representatives is scheduled to vote on the ban-or-sell bill on Wednesday. Read down... Read more ›
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I’ve spent the past few days at South by Southwest, the annual tech and arts festival in Austin. The most memorable part of my experience was embedding myself with the screaming fans of “Call Her Daddy” podcast host Alex Cooper, who threw multi-day events to celebrate the launch of the Unwell Network, an arm of her production company where she’s signing other top creators including TikToker Alix Earle to launch... Read more ›
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When the Trump administration tried to ban TikTok in 2020, investors in its parent, ByteDance, mobilized to support the app. Now, as a bill to force a ban or sale of TikTok winds its way through Congress, the company is mostly on its own. With the possible exception of Susquehanna International Group principal Jeff Yass, a Republican donor and big ByteDance shareholder, ByteDance’s U.S. investors are mostly sitting on the... Read more ›
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Tempus, a medical lab testing and data company started by a former co-founder of Groupon, has hired Morgan Stanley to run an initial public offering in the coming months, people close to the process said. The Chicago-based startup, which has raised more than $1.3 billion in private funding from investors such as Google, New Enterprise Associates and Baillie Gifford, would add to the backlog of venture-backed startups aiming to go... Read more ›
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For all the hype around generative AI, we have yet to see much evidence that this new technology is lifting the top lines of customers who are spending money on it. That’s left many buyers to wonder: When will we see those long-touted returns from AI?My colleagues and I tackled that question in this story today, which reported that customers of cloud providers are being cautious about spending too much... Read more ›
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In the past year, major technology firms have championed generative artificial intelligence as the next big thing, boosting the stock market to new highs. But behind the scenes, representatives of major cloud providers and other firms that sell the technology are tempering expectations with their salespeople, saying the hype about the technology has gotten ahead of what it can actually do for customers at a reasonable price. Several executives, product... Read more ›
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22.06.2026 02:53
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