On the day Sarah Oh got laid off from Twitter last November, her friend Gabor Cselle called with his condolences. Then he made her an offer: Would she help him build a better Twitter? Cselle wasn’t trying to reinvent the social media wheel. He just wanted to return to a simpler time on the platform—before 4,000-character tweets or the bloodbath of blue check marks. Before Donald Trump or Alex Jones... Read more ›
74
Welcome back!I’m Kalley Huang, a data reporter for The Information. I’m now writing The Pro Weekly. Please feel free to ask questions and share feedback at kalley@theinformation.com. With sales stagnating or falling, tech companies continue looking for ways to cut costs. They are thinning their ranks, shuttering products and streamlining their operations. This week, we reported personnel changes at Amazon and Meta Platforms that reflect belt-tightening by big tech. Read more ›
0
Blackstone’s Jon Korngold has been winning deals since he was nine years old. Back then, the venue was a flea market rather than a boardroom, and the prize was often a random antique rather than a multibillion-dollar company. But he was a deal hound nonetheless, and he often got a better price than his mom, who collected antiques, could. Fast-forward 40 years, and Korngold makes deals on a much bigger... Read more ›
22
Advantage, big tech. Snap’s first-quarter report today, showing a 7% drop in revenue, was a markedly worse performance than what its much bigger rival Meta Platforms reported on Wednesday night. (For those who’ve already forgotten, Meta’s ad revenue rose 4% in the quarter.) More noticeable was the difference in the second-quarter revenue outlook: Snap projected a 6% drop, while Meta projected growth of as much as 11%. Investors have made... Read more ›
135
So much for the burst of good tidings about the ad market from Meta Platforms’ first quarter results. Snap results, out Thursday, took up the baton that YouTube’s drooping ad sales left off. Snap told investors that the advertising slump that hammered first-quarter results would extend into the second quarter. Pinterest, meanwhile, forecast a second quarter gain in revenue—but not at the double-digit rate that larger Meta expects. Here’s what... Read more ›
29
This week’s news that fintech investor Anthemis Group has cut 28% of its staff, which comes one month after Y Combinator slashed about 20% of its workers, suggests more venture capital layoffs are coming.The shrinking appetite of their limited partners means many will likely raise smaller funds, taking away resources to maintain headcount that ballooned during the record bull run. Recall that VC firms’ management fees, usually 2% of a... Read more ›
9
Meta Platforms has combined its advertising product, business messaging and commerce departments into one division as part of a broader effort to reduce the ranks of middle management across the company. The changes, communicated internally last week by Meta’s vice president of monetization, John Hegeman, also show how closely Meta has aligned commerce, messaging and advertising areas as it tries to jumpstart ad growth. Read more ›
133
Fintechs, beat down by the tech meltdown last year, are struggling to make good on their pitch to consumers. Consumer lending–focused fintechs like Upstart and Pagaya touted artificial intelligence and other flashy tech as a way to lend money to people quickly and easily—even to customers with bad or limited credit histories that couldn’t borrow from traditional banks. Read more ›
1
The overnight success of ChatGPT and GPT-4 marks a clear turning point for artificial intelligence. It also marks an inflection point for public discourse about the risks and benefits of AI for our society. Practitioners, policymakers and pundits alike have voiced loud concerns, ranging from fear of a potential flood of AI-generated disinformation to the existential risks of superhuman intelligence whose goals may not align with humanity’s best interests. The... Read more ›
48
A former employee of SoftBank-backed messaging app IRL alleged in a legal filing that the company has inflated its user count and retaliated against him and other employees who raised concerns about the accuracy of its user numbers. The former employee, Nicholas Grant, made the allegations in an unfair dismissal complaint he filed with the Welsh employment tribunal last month. Grant says in the filing, which The Information viewed, that... Read more ›
119
Tesla is shaking up its top leadership in South Korea just one day after CEO Elon Musk met with South Korea’s president to discuss further investment in the country. Yvonne Chan, a regional director for Tesla’s business in Thailand and Taiwan and close deputy to Tesla automotive head Tom Zhu, has added South Korea business to her responsibilities, according to a person with knowledge of the matter. Chan, who previously... Read more ›
4
Late last year, a trio of engineers who had just helped Apple modernize its search technology began working on the type of technology underlying ChatGPT, the chatbot from OpenAI that has captivated the public since it launched last November. For Apple, there was only one problem: The engineers no longer work there. They had left the company to work on the technology, known as large-language models, at Google. The three... Read more ›
150
General Motors’ decision this week to kill the electric Chevy Bolt brings to a close a turbulent chapter in the company’s foray into electric vehicles, including one of the past decade’s biggest battery scandals and a fire hazard that forced the recall of the entire Bolt fleet. It’s a mystifying decision—and a big mistake. Read more ›
26
In tech, three is the new 30. Meta Platforms on Wednesday reported a 3% lift in revenue for the first quarter, the same revenue increase Alphabet reported for its first quarter on Tuesday. Increasing the top line by 3% is a far cry from the 25% to 30% quarterly growth Facebook’s owner once reported with monotonous regularity. But it’s a big improvement from reporting declines in revenue, as Meta had... Read more ›
54
Before we get into Meta Platforms’ first quarter earnings report, we have some new details about internal changes happening at Instagram as a result of Meta’s latest job cuts. Instagram chief Adam Mosseri, in a note to Instagram employees last week, said the app needs a “flatter structure that gives everyone the opportunity to meaningfully contribute to our highest priority projects.” That means Instagram is doing some internal shuffling and... Read more ›
42
A little over two weeks ago, before First Republic Bank revealed on Monday that depositors had yanked more than $100 billion from the bank, Brian Mac Mahon, the founder of Santa Monica, Calif., early-stage startup accelerator Expert Dojo, made an unusual call—to deposit his company’s funds into the stressed Californian lender. Having thought “long and hard” about the collapse in March of the startup sector’s favored lender, Silicon Valley Bank,... Read more ›
94
Many tech firms saw meager revenue growth, or even a decline, last year as the digital ad market stalled and businesses cut back spending on software. Messaging startup Discord was an exception. Discord, which makes money from subscription fees, lifted revenue 44% to $445 million last year, according to an internal presentation viewed by The Information. That was a slowdown from 2021, when Discord’s revenue expanded 126%, according to a... Read more ›
57
Crypto exchanges based in the U.S. are wading further into overseas markets. Late last week, Winklevoss-founded exchange Gemini said it will soon launch a crypto derivatives trading platform outside the U.S. called Gemini Foundation, confirming our scoop from last month. The first product it will sell—a perpetual futures contract—is a crypto fan favorite, and will let traders take on leverage of up to 100 times.Gemini isn’t alone. Coinbase, too, has... Read more ›
0
Since Sundar Pichai became CEO of Google’s parent company, Alphabet, in 2019, he has been honest with colleagues about the difficulties of overseeing a sprawling conglomerate that’s under constant strain from internal power struggles, regulators and rebellious employees. In one example of that candor, he said in an internal meeting several years ago that the job had taken its toll and he envisioned passing the baton in a few years,... Read more ›
105
Score one for Microsoft. At 48 years of age, the software giant may be old by tech standards, but it’s performing better than younger rival Alphabet, as their March quarter numbers showed today. Both companies posted better results than they had for the December quarter, although that’s a low bar, given that neither showed much growth at all then. For the most recent quarter, Microsoft reported 7% higher revenue as... Read more ›
75
Most popular sources
The Fintech Times
|
0% |
Ars Technica
|
0% |
Wired
|
0% |
Android Authority
|
0% |
Vox
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
05.04.2026 21:43
Last update: 21:35 EDT.
News rating updated: 04:30.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.