In the span of a few months, Bitwise Industries, a job training startup that raised more than $100 million from investors including JP Morgan Chase, Goldman Sachs and Kapor Capital, has gone from an unlikely success story with hundreds of employees to a firm near bankruptcy targeted by multiple lawsuits, including allegations that its founders committed fraud. Now one investor is claiming she and her firm were misled by founders... Read more ›
0
Major advertisers and nearly every big TV network have jumped into the market for ads on video-streaming services. Now LinkedIn, the social network for professionals, is trying to get in on the act as well. The Microsoft-owned business is about to start testing an ad product that will allow marketers to target LinkedIn users when they’re watching movies and TV shows on streaming services, said people familiar with the matter.... Read more ›
3
Margrethe Vestager must have been getting a little antsy. The European Commission antitrust boss has been relatively quiet lately even as her British counterpart has been throwing punches at big tech companies, including by forcing Meta Platforms to divest Giphy and then blocking Microsoft’s purchase of Activision. In contrast, the Europeans said they were OK with the Activision deal going through (Brad Smith is sooo charming!). So maybe it’s not... Read more ›
0
Next week will be a busy one for the creator economy: Kaya is headed to the South of France for the Cannes Lions International Festival of Creativity, the splashy annual beachside event for advertisers, while my colleague Erin will be reporting at VidCon in Anaheim, Calif.Kaya will give you the download on Cannes in tomorrow’s newsletter. Today, I’ve got the rundown on VidCon, the conference that attracts social media creators,... Read more ›
27
In the week since the Securities and Exchange Commission filed its lawsuit against Coinbase, buzz has been building in the crypto community about another case that could derail the security regulator’s sweeping crackdown.Ripple Labs has been locked in its own battle with the SEC since 2020 over whether $1.3 billion in sales of xrp, the token developed by the founders of the crypto payments company, were offered and sold as... Read more ›
0
Google last month upgraded its Bard chatbot with a new machine-learning model that can better understand conversational language and compete with OpenAI’s ChatGPT. As Google develops a sequel to that model, it may hold a trump card: YouTube. The video site, which Google owns, is the single biggest and richest source of imagery, audio and text transcripts on the internet. And Google’s researchers have been using YouTube to develop its... Read more ›
8
Rob Bearden, the CEO of Cloudera, told employees in a virtual town hall meeting on Tuesday that he is stepping down, according to someone with direct knowledge. Bearden said in the meeting that it was his decision to leave the company, and that he had not been fired or forced to leave, the person said. His departure comes two years after the once public company, which sells data management software,... Read more ›
0
When business historians look back at what happened in tech between 2020 and 2022, one subject they’ll likely explore is the mass suspension of disbelief that led venture capitalists, startup founders and big companies to go wild spending money on all sorts of crazy stuff. We’re now living through the retreat from those moves, which we at The Information have been chronicling regularly, including in our deep dive today into... Read more ›
0
Earlier today, I published a story about how creator economy startups are facing a reckoning after the 2020-2021 VC funding boom that spawned hundreds of startups trying to sell tools and services to creators. As funding has dried up, several creator-related startups—including Popshop Live, Zurp and Moetic—have been looking for buyers, pivoting their businesses or shutting down completely. As part of my reporting, I spoke to Dmitry Shapiro and Sean... Read more ›
0
Amazon Web Services has suddenly cut ties with a key firm that earns commissions for bringing new customers to AWS, according to people with direct knowledge of the situation. The firm, Philadelphia-based Triumph Tech, was among a select number of “premier tier” partners, AWS’s highest designation for partners. The reason for the split couldn’t immediately be learned. In interviews, one current Triumph employee and one recently departed employee said they... Read more ›
0
When Shopify last month announced the sale of its delivery operation, it was an abrupt reversal of a strategy to compete with Amazon it had spent four years and billions of dollars developing. Just six months earlier, for instance, top Shopify executives dismissed suggestions from logistics leaders that they scale back their investment to reduce the operation’s costs. In November of last year, Shopify founder and CEO Tobi ​​Lütke assembled... Read more ›
9
Silicon Valley was perhaps the world’s greatest beneficiary of nearly 15 years of extraordinarily loose monetary policy. From this fertile mix, West Coast venture capitalists and financial institutions spun a finely tuned ecosystem that excelled at converting cheap capital into high valuations. But with interest rates high and quite possibly still rising, venture capital funding declining and investors’ path to an exit largely blocked, the difficulties facing that ecosystem today... Read more ›
6
Two years ago, Dmitry Shapiro and Sean Thielen were so optimistic about the booming creator economy that they pivoted their startup to a new product: a simple tool called Koji that lets influencers more easily link to their online tip jars, merch and other services in their social media bios. Sure, there were already dozens of other startups offering a similar type of product, but that didn’t stop the two... Read more ›
8
TCV, a 28-year-old mainstay of the venture capital industry, has raised 50% to 75% less capital for its next flagship fund for private investments than the $5.5 billion target it set last year, according to new securities filings and a document compiled by one of TCV’s limited partners. The filing doesn’t clarify whether TCV is raising more capital for the fund or has finished the process, which started last summer.... Read more ›
2
The pace of tech news is picking up—and not just because antitrust regulators in both Europe and the U.S. are busy filing new lawsuits against big tech companies. And it has little to do with the fact that Twitter is once again communicating with the news media using something other than a poop emoji. No, today’s significant tech news development was the return of overpriced acquisitions. After a deal drought... Read more ›
9
Last December, in a live event on Twitter, Elon Musk called Sacramento “possibly the worst place to have a data center,” complaining about the hot temperatures of California’s inland capital, where Twitter’s data centers once went down because a heat wave overwhelmed their equipment. Musk seems to have gotten comfortable with Sacramento’s heat. Twitter stopped using its data centers in the city at the end of 2022. Since then, one... Read more ›
1
Flavrs, a three-year-old creator-focused cooking app, is taking an unusual approach to attracting creators: It’s promising to give online food influencers a small stake in the startup if they post short-form videos on the app. Creators approved for what Flavrs is calling a creator equity fund will receive shares that vest over time. In exchange, Flavrs asks them to spend “5% to 10% of their time and energy” making and... Read more ›
0
Sequoia Capital’s decision this week to split off its China operations showed the impact of growing tensions between Washington and Beijing. But the political conflict has sparked a bigger and more important change: Suddenly, American capital has stopped flowing to Chinese venture capital and private equity funds en masse. The University of Chicago, the Robert Wood Johnson Foundation and other major U.S. endowments and foundations have recently indicated to Chinese... Read more ›
8
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the Francisco Partners acquisition closed last month,... Read more ›
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Hi, welcome to your Weekend.Jon, our intrepid Weekender in Chief, is out. I’m happily subbing for him. Indeed, I feel particularly energized this week after spotting something I haven’t seen in what feels like for-ev-er: an actually audacious piece of technology—that might never take off. I’m talking, of course, about Apple’s newly debuted $3,499 VR-AR headset, the Vision Pro. Candidly, its launch marks the first time I’ve seriously wondered whether... Read more ›
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05.04.2026 12:58
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