YouTube played up its longstanding relationships with creators at its Brandcast event for advertisers on Wednesday night, showing the increasing importance of creator-generated content during a tumultuous time for Hollywood. Such annual presentations, known as upfronts because advertisers book ad spending commitments in advance for the coming months or year, have been happening all week in New York. YouTube’s event at Lincoln Center stood out because other big companies holding... Read more ›
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If you ask a startup founder what they look for in an accelerator program, they’d probably hope for access to startup veterans and connections to prominent venture capitalists. By all accounts, they didn’t get much of that from Newchip, whose parent Astralabs last week entered into Chapter 7 bankruptcy, leaving creditors owed $4.8 million and participants in a state of shock. A closer look at the accelerator reveals a dumpster... Read more ›
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In the past few months, both the Securities and Exchange Commission and the Commodity Futures Trading Commission have brought aggressive enforcement actions against crypto exchanges. Binance founder Changpeng Zhao, Tron founder Justin Sun and Terra founder Do Kwon have all been either charged or sued by one of these two agencies. Meanwhile, the SEC has put Coinbase on notice that a suit is forthcoming. As the SEC will freely admit,... Read more ›
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Instacart has become an advertising powerhouse. The grocery-delivery firm’s ad revenue totaled about $740 million last year, up 30% from 2021, according to a person familiar with the matter. That’s a striking increase, given that the digital ad market was largely stagnant last year. Nearly 30% of Instacart’s 2022 revenue came from selling advertising rather than actually delivering groceries. Read more ›
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Early this month in the Texan port city of Corpus Christi, Tesla CEO Elon Musk and a phalanx of local officials shoveled dirt onto the site of the first commercial-scale factory of its kind: a $375 million lithium refinery using equipment that slashes operating costs by a third while processing enough of the metal to power 1 million electric vehicles a year.But the start of the factory’s construction, part of... Read more ›
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There’s a saying that “old soldiers never die, they just fade away.” You could apply that to a bunch of money-losing companies in the (very broadly defined) tech sector that are still hanging around such as Lyft, Bird Global and BuzzFeed. But the best example would have to be WeWork, which has deflated like a blowup swimming pool with a puncture since going public in the fall of 2021. Today,... Read more ›
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Facebook has been doubling down on its creator efforts this week, emphasizing Reels above all else.The flagship Meta Platforms app held the first in a series of livestreams it’s calling Reels School on Wednesday. Facebook invited creators who have found success posting short-form videos to the site to educate other Reel makers on strategy and video production. The half-hour livestreamed event, the first of its kind for Facebook, drew up... Read more ›
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Database software provider Snowflake has been in advanced talks to acquire Neeva, a search startup founded by former top Google ad tech executive Sridhar Ramaswamy, according to a person with direct knowledge of the discussions. Buying Neeva could help Snowflake offer artificial intelligence software that helps companies search for information in internal documents and data, according to people who do business with Snowflake. Neeva primarily sells an ad-free web-search app... Read more ›
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A behind-the-scenes crypto company is roiling crypto trading apps. In case you missed it, I scooped on Friday that Bakkt is delisting three-fourths of the crypto tokens supported by Apex Crypto, a custody and clearing service the company bought last month. These companies aren’t exactly household names, but their services help power crypto trading on popular fintechs like Webull, Public.com, M1 Finance and more. To give you a sense of... Read more ›
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Readers of The Information are split on the outlook for technology companies, but they’ve turned more optimistic about some big tech names. Asked whether conditions for technology companies would improve or worsen over the next six months, 35% of respondents to our latest reader survey said they would improve, 35% said they would worsen and 30% said they would stay the same. Read more ›
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After landing nearly $300 million from investors including SoftBank and Tiger Global Management in back-to-back funding rounds in late 2021 and early 2022, delivery startup Veho planned an ambitious expansion that would bring its home dropoff services to 50 cities across the U.S. by the end of last year. But Veho, which offers package deliveries for clients including HelloFresh and Rent the Runway, never got that far. Last year, after... Read more ›
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As I have been digesting the news that Elon Musk is going to officially install NBC advertising veteran Linda Yaccarino as head of Twitter, I’m perplexed. In at least one dimension that seems fairly important to Musk—thriftiness—I suspect they are worlds apart. Yaccarino has spent her career wooing Madison Avenue in all the ways heads of ad sales woo Madison Avenue: fancy parties, expensive upfront presentations (underway this week in... Read more ›
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PayPal has been seeking buyers for Xoom, a service that allows people to transfer money internationally, according to a person familiar with the matter. The sale efforts could signal that activist investor Elliott Management, which accumulated a stake last year, is having an impact on PayPal’s strategic thinking. PayPal acquired Xoom in 2015, paying roughly $1 billion for the service, which allows customers to send other people cash, pay international... Read more ›
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Everyone has a hefty classic sitting on their bookshelf collecting dust that they swear they’ll eventually get to but never do. Matt Kirkland has made a side project of helping some of those intimidated readers: Over 262,000 have signed up to read Bram Stoker’s “Dracula" serialized in his free Substack newsletter, Dracula Daily.Kirkland, 42, works as a full-time web designer in Lawrence, Kan. After he re-read a copy of “Dracula”... Read more ›
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OpenAI CEO Sam Altman’s appearance on Capitol Hill this morning is a powerful signal of just how quickly generative artificial intelligence has changed our lives. In the span of just a few months, large language model-based tools have gone from tech novelty to ubiquitous convenience that can do many of the things humans can do, from creating art to writing code to passing the bar exam with flying colors. In... Read more ›
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As Twitter’s new CEO, Linda Yaccarino is set to step into what may be the most difficult job in advertising: rehabilitating Twitter’s tattered reputation among major advertisers. A fresh update to our Twitter org chart gives a detailed look at the executive team who will help her. The chart lists more than 120 executives, managers and employees who now report up to Twitter CEO Elon Musk, who has said he’ll... Read more ›
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There is such a thing as having too much money. At least, that is, if you’re a startup, as was clear in the paperwork accompanying today’s bankruptcy filing by Vice Media, famously valued at $5.7 billion a few years ago (mostly thanks to the blustery claims of its founder, Shane Smith). This court filing today by a restructuring executive at Vice laid out the sorry history of the company, which... Read more ›
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In March, we started asking our readers what was on their mind when it came to the creator economy. We got so many good questions that we decided to publish another set this month. (Read our previous Mailbag). Disagree with my answers? We’ll discuss them in The Information’s Forum on Tuesday. You can submit more questions here! Let’s dive in. 1. How will generative AI impact the creator economy over... Read more ›
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Just a few days after appointing a new CEO for Twitter, Elon Musk is back to micromanaging Tesla. In an email to staff at the electric vehicle maker on Monday, Musk said that Tesla can make no new hires unless he personally approves them, including contractors. He told executives to send him a list of hiring requests on a weekly basis, while also cautioning them to “think carefully” before submitting... Read more ›
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What’s the secret for brands who want to tap into the power of the creator economy? Sahil Patel, reporter for The Information, sat down to find out the answers with three experts from the creator commerce world: Kenny Gold, managing director, head of social, content and influencer, Deloitte Digital Megan Tobin, head of creator shopping marketing, LTK Karen Chimal, director of creator partnerships, IPSY Shopping Trends Post-Pandemic Patel started off... Read more ›
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05.04.2026 17:55
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