Anyone looking for relief from the pall hanging over the advertising business didn’t find it in YouTube results Tuesday. The Alphabet-owned video sharing site, something of a bellwether for the creator economy, said YouTube’s ad revenue fell 2.6% to $6.7 billion during the first quarter compared with the same period a year ago. That was the third straight quarter of decline, and worse than the less-than-1% drop in Google’s total... Read more ›
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Meta Platforms had hired a chip executive from Microsoft to oversee its work developing custom chips for hardware devices, according to two people familiar with the matter. The hire comes as Meta is evaluating the company’s silicon strategy, a move that could spell more layoffs. Jean Boufarhat, who currently serves as corporate vice president of silicon engineering at Microsoft, is joining to run Meta’s Facebook Agile Silicon Team, or FAST.... Read more ›
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Amazon CEO Andy Jassy has picked Eric Rimling, a 14-year veteran of the company’s fulfillment operation, as his new technical adviser, according to two people with knowledge of the appointment. The highly coveted position, which involves working directly with the CEO on a daily basis, has been a fast track to promotions for Amazon staffers in the past, including Jassy himself. Rimling’s January appointment, which hasn’t been previously reported, is... Read more ›
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In technology circles, people balk at the mere mention of government regulation. The naysayers argue it interferes with innovation and is a bad byproduct of big government. But history tells a different story. Transparent, accountable and expert oversight—even when implemented late or ineffectively at first—has proven to be an important part of scaling an economy. For better or worse, regulation is a necessary and proven boundary condition of capitalism. So... Read more ›
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It can be a brutal reality for investors: No matter how much a stock has fallen, it can still fall further. Take digital media firm BuzzFeed, which dropped 87% in 2022 and another 14% so far this year. Or electric truck maker Rivian, which plunged 82% last year and so far this year is down 33%. Both stocks are among a group of tech stocks that have kept falling after... Read more ›
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Prepare yourselves. This week we’re going to hear lots of variations on the terms “headwinds” and “challenges” and “execution.” We’ve got March-quarter earnings coming from most of tech’s big names, and the picture isn’t expected to be pretty. Microsoft, Alphabet, Amazon, Meta Platforms and Snap report between Tuesday and Thursday. You can see details of what’s expected from each below, but here’s the headline: Analysts expect those five companies to... Read more ›
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I’m still buzzing with excitement from our Creator Economy Summit last week in Los Angeles.One of my favorite conversations of the day was with Hank Green, a longtime YouTube creator who also has 7.5 million followers on TikTok. We covered a lot of ground, from Montana’s threatened TikTok ban to Twitter checkmarks to an argument with his vlogger-author brother John Green about selling VidCon, the creator conference they co-founded and... Read more ›
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Big software companies including Microsoft and Salesforce are racing to incorporate the technology behind ChatGPT, known as generative artificial intelligence, into their products to attract new users and boost profits. But the rapidly advancing technology threatens other companies that have spent years crafting software to automate tasks or to build machine-learning models, including richly valued startups such as Databricks, Snyk, Zapier and Talkdesk. Read more ›
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In 2011, the U.S. Energy Department, building on advances in battery technology over the prior three decades, devised a road map for the development of cheap and powerful lithium-ion batteries that would make electric vehicles competitive with combustion ones. It set specific, super-stretch goals for cost and capacity. The resulting batteries power virtually every commercial EV on the planet, all invented in American labs.Now the department, with help, is taking... Read more ›
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On March 10, many Silicon Valley startups and investors woke up to the terrifying news that Silicon Valley Bank had collapsed. Now that the Federal Deposit Insurance Corp. has stepped in, the panic has subsided and the dust has settled, startups still face an uncertain banking environment. Kate Clark, senior reporter for The Information, spoke with two founders who were close to the action: Immad Akhund, co-founder and CEO of... Read more ›
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Google has moved the engineering team responsible for making artificial intelligence chips into Google Cloud, a spokesperson confirmed, in a step that could make the cloud unit more competitive with its bigger rivals, Microsoft and Amazon Web Services, in selling AI-powered software to businesses. The move is the latest sign of how Google is scrambling to respond to Microsoft and OpenAI, whose successful launch of ChatGPT—a chatbot now incorporated into... Read more ›
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It’s hard to overstate how much TikTok is still driving much of the conversation around the creator economy. From questions about whether the ByteDance-owned video app can make a success of live shopping, to how much YouTube and Instagram would benefit from a U.S. government ban of TikTok, the app was a recurring topic at The Information’s Creator Economy Summit on Thursday. Of course, the creators, startup leaders and investors... Read more ›
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Hi, welcome to your Weekend.There are a lot of moments I love in Margaux’s latest cover story—an intimate portrait of TikTok chief operating officer V Pappas. Among them is a small detail about the signage found outside TikTok’s Los Angeles office. As visitors approach the building, they’re told to go left if they want to access the company’s corporate headquarters, or turn right to enter “TikTok U.S. Data Security.” Hmm...business... Read more ›
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Luca Tomescu and Selina Eshraghi spend around nine months a year as nomads. The couple just arrived in Vienna, where Tomescu, a Web3 product manager, and Eshraghi, the founder of Pandamonium Design, will remain for the next month and half. Then they will head to Romania, where Tomescu is from, for two weeks, before venturing to New York for June and then back to Austin, Texas, their home base. Needless... Read more ›
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JPMorgan Chase & Co. had a busy week on social media. The bank’s Instagram account shared a picture snapped by one of its employees, Jock G., from atop a 13,000-foot peak in Colorado. Another post showed footage of a corporate run for workers in India. Meanwhile, over at its Facebook page, the bank celebrated the crowning of Miss New Jersey USA, who happens to be a global investment strategist for... Read more ›
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V Pappas awoke to the sound of dragons. It had been one week since Pappas’ boss, Shou Zi Chew, was questioned for five grueling hours by members of Congress, and the chief operating officer of TikTok was enjoying their first vacation in months. (Pappas uses the pronouns they and them and recently changed their name to V from Vanessa.) They were sleeping in a jungle cabin in Costa Rica alongside... Read more ›
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Welcome back! This week we have the results of our latest reader survey, which showed renewed optimism about technology companies despite the damage caused by the failure of Silicon Valley Bank. Asked whether they expect conditions for technology companies to improve or worsen, respondents were almost equally divided, with roughly one-third expecting improvement, one-third expecting deterioration and one-third expecting no change. More than 1,100 readers responded to that question on... Read more ›
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A battle is looming over private equity buyout financing. After nearly a year on the sidelines, Wall Street banks are beginning to lend to private equity firms again for their buyout deals. Meanwhile, the direct lenders that stepped in to finance buyouts while the banks were absent—oftentimes PE firms themselves—are ratcheting up the amount of money they’re willing to lend for such deals. Apollo Global Management, for example, has recently... Read more ›
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Those CEO apologies we’ve become used to seeing whenever a company announces layoffs are getting even more elaborate. BuzzFeed founder and CEO Jonah Peretti, for instance, had quite a doozy of a mea culpa today as he announced the shuttering of BuzzFeed News and another round of layoffs at the digital media firm. After counting off all the challenges the company has faced—a pandemic, a tough economy and so on—he... Read more ›
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The Information’s Creator Economy Summit was hopping Thursday, with more than 400 attendees in Los Angeles in attendance. Among the topics: TikTok, live shopping, the future of creator economy startups and generative AI. We’ll go more into some of the sessions’ in next week’s newsletters, but here are some of the early highlights:• TikTok is open to working with big retail partners including Walmart to make the app a shopping... Read more ›
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05.04.2026 23:28
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