Lithium prices are down almost 70% since a peak in November, depressing shares of a number of mining companies, but many analysts and industry veterans say a shortfall of the metal will soon drive a new surge in prices. The Biden administration on Wednesday announced a plan to significantly accelerate the creation of a U.S. electric vehicle industry. But where lithium prices go from here—and whether there is enough of... Read more ›
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Better late than never. That could be the motto of Warner Bros. Discovery, which today put on a glitzy presentation to promote its overhauled streaming service, to be renamed Max (dropping HBO from the name) on May 23. The new service, combining shows from the company’s Discovery portfolio of reality shows with HBO Max’s lineup, is a worthy competitor to Netflix. It’s even got similar price points, Netflix-like program recommendations... Read more ›
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When I got verified on Instagram in October 2020, my friends were very impressed. It felt like a big flex. The coveted symbol gave my account an aura of importance. But the significance of that checkmark has been going through a major upheaval across social media. The genesis of the shift, of course, comes from Elon Musk’s acquisition of Twitter last fall. Soon after, he decided he would begin charging... Read more ›
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We’re excited to see everyone on April 20th at The Information's Creator Economy Summit. Our masterclass breakout sessions are an important part of the Summit. At this year’s event, we’ll have two sets of 45-minute breakout sessions. Here’s a preview of this year’s topics. Gen Z and the Creator Economy (1:30 p.m. PT) Gen Z is quickly becoming a key piece of the consumer puzzle, as it matures and its... Read more ›
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In a recent panel hosted by The Information in partnership with Comcast NBCUniversal LIFT Labs, several experts took a look at where artificial intelligence is now and where it’s going. Amir Efrati, executive editor at the Information, acted as moderator. The panelists included AI experts from the worlds of customer support, technology, entertainment and investing: ● Isaiah Jenkins is senior manager of startup programming and employee engagement for Comcast NBCUniversal... Read more ›
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It’s not just in your head—our deals section has been thinner as of late, and recent data on venture funding for crypto startups show why.Crypto and blockchain startups raised just $900 million in the first quarter, according to PitchBook data on announced deals, down 87% from the same period in 2022 and the smallest haul since the fourth quarter of 2020, when crypto fundraising came in at $800 million. The... Read more ›
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Last year, Google cut the number of employee performance reviews it conducts annually from two to one, responding to complaints that twice-a-year reviews consumed too much time. In the new system, managers were asked to talk more casually—but more frequently, once a quarter—with their subordinates about their performance. And Google wanted managers to record the results of the conversations. But the new system hasn’t worked as intended, according to one... Read more ›
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Competition between the two of the biggest cybersecurity firms selling software monitoring employee access to cloud applications and data is set to intensify after influential market research firm Gartner cut its ranking on the market leader, Zscaler. In a regular update about the best positioned firms, Gartner ranked privately held Netskope ahead of its publicly held rival Zscaler, a 16-year old firm which has maintained 50%-plus annual revenue growth over... Read more ›
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Tech startups and investors have had a tumultuous few months. There was the crypto meltdown, the collapse of Silicon Valley Bank and, before that, the overall economic fallout from the weak economy and hammering of tech stocks. And as the dust has settled, there’s a new vibe in the air: concern—even a little desperation. Read more ›
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When thousands of people gathered at Los Angeles’ historic Greek Theatre in early February to pay tribute to P-22, a mountain lion who became something of a viral hit as he roamed the Hollywood Hills neighborhood, the house music star Diplo delivered a eulogy to the crowd. He credits OpenAI’s ChatGPT for helping him write a remembrance tinged with some humor for the only-in-L.A. event.“A guy came up to me... Read more ›
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Venture-backed Cross River Bank, a key partner to companies including Affirm and Coinbase, rode the coattails of the crypto and fintech boom—as well as a pandemic-era government business lending program. Now, as both sectors struggle with the impact of rising interest rates, some are losing faith in Cross River’s potential. Mutual fund giant T. Rowe Price, which invested in Cross River when it raised money at a $3 billion valuation... Read more ›
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If you’re a founder or you work in the startup space, you can’t afford to be ignorant about tax law, especially in a down market. One day a piece of paper says you’re worth tens of millions of dollars; the next day, pennies. Many first-time founders saw their valuations drop for the first time in 2022—and with April 18 fast approaching, many are learning of the tax consequences of that... Read more ›
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The first big change made by Y Combinator’s new CEO and president Garry Tan—to shutter a fund investing in mature startups so it could sharpen its focus on much younger companies—has set off an uproar among founders backed by the esteemed startup accelerator. Ten startups, including YC graduates such as payroll provider Deel and credit card startup Brex, said they were “surprised and deeply disappointed” with YC’s recent decision to... Read more ›
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Here’s a question: What incentives does a CEO need to stick around to work hard to advance the company’s priorities? If they’re a founder with a decent equity stake, the answer should be none. The opportunity to lift the value of their existing shares should be incentive enough. That’s apparently the view of big tech firms like Meta Platforms, which doesn’t pay its founder and CEO Mark Zuckerberg. Not everyone... Read more ›
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TikTok invited hundreds of U.S. merchants to join its shopping service in November, but fewer than 100 of them were using it as of last month, my colleagues Juro, Theo, Ann and Kaya reported on Monday. That’s just some of the reporting that shows how few inroads TikTok has made in U.S. e-commerce so far.Yes, the U.S. version of TikTok Shop is still in testing, but it’s live, available on... Read more ›
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Amazon has started charging fees to make some returns at UPS Stores, marking the latest effort by the e-commerce giant to cut down on costs associated with customers sending back items. Returns have been an expensive headache for e-commerce companies after they skyrocketed during pandemic lockdown and have remained stubbornly high. Amazon’s UPS fee, along with a new “frequently returned” warning on some items that The Information first reported last... Read more ›
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When Helen Min and Meena Harris started raising money for their debut venture capital fund in January of last year, they expected that their combined 30 years of experience at tech companies would allow them to collect $15 million, a standard first-time fund target. Then interest rates spiked, sending tech stocks careening. By December, when their firm, Phenomenal Ventures, finished fundraising, the duo had raised just $6 million. “We were... Read more ›
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The tech sector was taken by surprise when Silicon Valley Bank collapsed back in March. Startups faced uncertainty around what the news meant for their money and questions about how to make payroll arose. Brex —the six-year-old fintech company that specializes in credit cards and spend management solutions—took quick action by maintaining credit limits on their cards and establishing an emergency credit line for startups. Now that the dust has... Read more ›
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As TikTok tries to win over U.S. politicians, it may have kneecapped its shopping service, TikTok Shop. Relatively few U.S. merchants are showing interest in signing up for the nascent service, both because they’re more focused on expanding in bricks and mortar and because they’re concerned the app could be banned, merchants say. Overseas sellers, in contrast, are eager for a new way to tap into the world’s second-largest e-commerce... Read more ›
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For all the talk of lithium as the driver behind the nascent electric vehicle industry, a second, much less-discussed battery metal has been attracting recent attention. It is sodium, a cheap ingredient of ordinary salt. Long derided as lithium’s poorer cousin in terms of battery value, it is surprisingly showing better performance in some electric vehicles. Since sodium is found nearly everywhere, leading Chinese battery makers and some Western analysts... Read more ›
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06.04.2026 01:18
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