TikTok has ambitions to transform its app into a U.S. shopping destination and is open to working with big retail partners including Walmart to make that happen, according to TikTok’s head shopping executive in the U.S. “If anyone from Walmart is here, come talk to me,” Sandie Hawkins, TikTok’s general manager of U.S. e-commerce, said at The Information’s Creator Economy Summit, getting laughter in response. Hawkins said the company has... Read more ›
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The father of one of TikTok’s biggest stars said the U.S. government should “butt out” of the operations of the app, which is facing a potential ban. Marc D’Amelio and his wife, Heidi, rose to fame as the parents of viral TikTok stars Charli and Dixie D’Amelio, who collectively have more than 200 million followers on the app. Along with their kids, Marc and Heidi D’Amelio produce content for multiple... Read more ›
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BuzzFeed, like much of the digital media industry, is moving into survival mode. BuzzFeed said Thursday it would shutter BuzzFeed News, the highest-profile part of its business but one that loses money. The move is part of a broader effort to reduce losses, which also includes laying off 15% of its staff, or 180 people. The cutbacks spotlight the financial pressures on BuzzFeed and are likely to intensify investor pressure... Read more ›
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Weaviate, an infrastructure startup whose technology is essential for companies trying to build generative AI tools, could probably have landed a higher valuation for its recent Series B given all the investor hype around AI right now. Instead, CEO and co-founder Bob van Luijt said he struck a quick deal after meeting with only three firms. Index Ventures led the $50 million round that closed earlier this month.The four-year-old’s Series... Read more ›
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The U.S. is the best country in the world for entrepreneurs. Yet it’s also a country that goes out of its way to prevent many of the most promising would-be entrepreneurs from realizing their potential. Every year, the U.S. grants H-1B visas to 85,000 highly skilled foreign workers, nearly 70% of whom come to this country to work in the tech industry. In my experience, these are some of the... Read more ›
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Tiger Global Management’s $12.7 billion venture fund, launched near the peak of the tech stock boom in October 2021, gave the New York hedge fund firepower to back hundreds of startups in under two years. Now the mammoth fund is bearing testimony to the bruising correction in private tech valuations that followed. Tiger has told investors the fund had a paper loss of 20%, net of management fees, as of... Read more ›
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The rise of electric vehicles has spawned a small recycling industry to extract and sell nickel, cobalt and lithium from discarded EV batteries and prevent them from ending up in landfills. But recyclers and their customers have struggled with a vexing question: How much should recycled battery material cost?Metals have been widely traded for thousands of years, and prices are set on a global market. But the dark, gooey substance... Read more ›
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Be still, my beating heart. Is that the sound of the IPO market stirring? We scooped the news today that event-ticketing firm SeatGeek had filed confidentially with regulators to go public, just a few of days after blockchain firm Chia Network Inc. said it had done the same. (For more on Chia, see our Crypto Global newsletter today). A long queue of other companies was already waiting for the right... Read more ›
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Police in northern California last month arrested Igor Babuschkin, Elon Musk’s first known hire for a new company that aims to compete with artificial intelligence startup OpenAI, for domestic battery, public records show. A representative for the Santa Clara County District Attorney’s office, Lisa Buuck, said the office had reviewed the case and had no plans to charge Babuschkin with a crime. The arrest, which took place in Palo Alto,... Read more ›
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Erin Woo here, reporting from Snap’s Partner Summit in sunny Santa Monica, Calif. The big news for creators from the one-day developer conference: Snapchat is doubling down on sharing revenue from ads inserted into creators’ disappearing Stories to incentivize them to keep posting on the app. Snapchatters with at least 50,000 followers and 25 million monthly Snap views and who post at least 10 stories a month can get revenue... Read more ›
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Event ticketing company SeatGeek filed confidentially with regulators this month for an initial public offering, people familiar with the matter said, adding itself to a long list of firms aiming for IPOs once market conditions improve. Read more ›
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TikTok CEO Shou Zi Chew, thanks to his televised five-hour grilling by Congress last month and accompanying brush with viral TikTok fame, has become better known in the U.S. this year. But several other less well-known executives at the company are also playing critical roles and could gain visibility in the coming months. These include senior ByteDance executives who report to CEO Liang Rubo, as well as TikTok executives in... Read more ›
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Initial public offerings of any kind are notable these days, given that few IPOs have happened for more than a year. A crypto IPO is even more ambitious, given the regulatory crackdown on the industry. Despite all that, blockchain development company Chia Network, Inc. says it’s gearing up to go public. The company announced on Friday it had filed IPO paperwork confidentially with the U.S. Securities and Exchange Commission. But... Read more ›
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Last summer, Capsule—an online pharmacy startup that had won attention with its speedy prescription-drug deliveries and quirky practice of addressing customers in emails and over the phone as “dear”—had a crisis on its hands in New York, its most important market. Beginning in August, Capsule customers in the city began experiencing dayslong delays in the delivery of medicines that in some cases were critical to their health. The cause: A... Read more ›
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Netflix is looking more and more like an old-fashioned television company. In other words, it’s growing slowly but producing lots of cash. The video-streaming giant reported what can only be described as anemic growth in the first quarter. Revenue rose 3.7%, which is the kind of growth rate we associate with traditional TV firms like Fox Corp. or Paramount Global. Its subscriber count expanded 4.9% globally, although growth in North... Read more ›
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I’ve been an avid Twitter user since April 2019, but I have to admit, the bird app isn’t doing it for me anymore. My user experience has worsened since Elon Musk took over the company in October, thanks to features that stop working and a string of changes to its verification system. More than a dozen social media apps, old and new, are vying to take Twitter’s place. Our latest... Read more ›
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The Information is delighted to again host a virtual summer journalism school for any student interested in a career in journalism. This year’s session will be hosted virtually on June 28, 2023. During these challenging times in the industry, our aim is to help connect aspiring journalists across career stages with industry leaders to inform, inspire and help navigate the news landscape. Who should attend: Anyone beginning a career in... Read more ›
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Last year was the worst year for the stock market since 2008—and for good reason. The nearly 19% drop in the benchmark S&P 500 in 2022 capped many years of wild speculation in capital markets driven largely by the Federal Reserve’s era of free money and government handouts. Dangerously loose fiscal and monetary policies sparked a seemingly endless parade of worrisome investing trends—a spike in special purpose acquisition companies, numerous... Read more ›
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For more than a year, investors have had little appetite for Instacart’s stock, available on the private market for tech shares. Now investors who may be hunting for bargains are starting to clamor for a piece of the grocery-delivery startup ahead of an expected initial public offering. Read more ›
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After placing an early bet on OpenAI, the creator of ChatGPT, Microsoft has another secret weapon in its arsenal: its own artificial intelligence chip for powering the large-language models responsible for understanding and generating humanlike language. The software giant has been developing the chip, internally code-named Athena, since as early as 2019, according to two people with direct knowledge of the project. The chips are already available to a small... Read more ›
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05.04.2026 23:28
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