Gumroad, which provides tools to creators including landing pages and help with product sales, recorded the largest monthly profits in its 11-year history in recent months after raising prices.Gumroad recorded net income of $82,270 in January, Sahil Lavingia, Gumroadâs founder and CEO, told its crowdfunding investors and creators Thursday in a presentation that was available via Zoom. Net income jumped to $834,422 in February, after Gumroad increased its prices. Revenue... Read more âș
9
Weâre three weeks past the start of a once-in-a-generation banking crisis that saw the demise of a core startup institution, Silicon Valley Bank. Neobanks are feeling bullish: They picked up billions in new deposits in whatâs been their biggest-ever period of growth. As a result, investor interest in their businesses is picking up again. The winners included credit card and cash management startup Brex, banking startup Mercury and even smaller... Read more âș
0
When Thoma Bravo was drawing up the financing of its $8 billion acquisition of Coupa Software last year, the private equity giant didnât turn to a bank, and it didnât get a traditional loan. Instead, it tapped a group of non-bank lenders including Sixth Street for a relatively obscure type of financingâone that has been making its way into more and more multibillion dollar deals. Read more âș
258
Alphabet. Salesforce. Microsoft. IBM. Zoom. Meta Platforms. Amazon. The list goes on. More than 300,000 people laid off just in technology, just in the past year, and the number keeps growingâDisney, Goldman Sachs, Philips, Boeing, Meta (again), Amazon (again), even McKinsey. Seems like everyone is joining the layoff bandwagon. Many, indeed virtually all, of the companies that have announced layoffs are still making money and have strong balance sheets. They... Read more âș
27
Jamie Dimon wonât run JPMorgan Chase forever, and Marc Andreessen will one day give way to the next generation of investors. The Information has identified the bankers, executives and investors who could replace them by stepping into the upper echelons of the finance industry in the years to come. They are The Informationâs New Financial Power Brokers: the people who will run financeâeither by standing in the spotlight or by... Read more âș
163
Tension over the $369 billion climate law boiled over Wednesday, with Sen. Joe Manchin (D-W.Va.) threatening to sue to stop implementation of the legislation if he believes the White House is doing it the wrong way. His admonishment came ahead of the Biden administrationâs scheduled release of guidance Friday for which electric vehicles will qualify for $7,500 per vehicle in consumer tax credits.Manchin, whose staff wrote key parts of the... Read more âș
34
Mark Bertolini must be feeling pretty good. Since he was named the new CEO of Oscar Health on Tuesday, Oscarâs long-suffering stock has bounced 78%. OK, skeptics will point out that bounce was off a very low baseâthe stock was at $3.59 on Monday. And even after the rally, Oscar stock is still down 84% from its initial public offering price. But any stock lift is better than the alternative,... Read more âș
0
OpenAIâs success in overtaking Google with an artificial intelligenceâpowered chatbot has achieved what seemed impossible in the past: It has forced the two AI research teams within Googleâs parent, Alphabet, to overcome years of intense rivalry to work together. Software engineers at Googleâs Brain AI group are working with employees at DeepMind, an AI lab that is a sibling company within Alphabet, to develop software to compete with OpenAI, according... Read more âș
350
As TikTok faces threats of a ban in the U.S., its China-based parent company ByteDance has been courting creators for Lemon8, its app that rivals Instagram. Self-described as a âhobbyist community,â the image-based appâs homepage features TikTok-like âFollowingâ and âFor Youâ feeds, and divides content into categories such as fashion, beauty and travel. Lemon8 has been climbing Appleâs U.S. App Storeâs charts of downloads, soaring to the No. 10 spot... Read more âș
262
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has been gearing up to launch an international cryptocurrency derivatives exchange, according to two people familiar with the matter. The collapse of FTX, one of the top international exchanges with significant market share in derivatives trading, in November opened the door for more potential competitors who are looking to fill the gap. Coinbase, the top U.S. crypto exchange, has also... Read more âș
146
Meta Platforms CEO Mark Zuckerberg has branded 2023 the âyear of efficiencyâ for his employees. But rolling layoffs and restructuring aimed at streamlining the company are proving to be a major distraction for many anxious employees. Most of the 10,000 people to be laid off in the second round of cuts, announced two weeks ago, wonât be notified until April or May, Meta has said. That delay has created a... Read more âș
32
The Commodity Futures Trading Commission kicked off the week in a massive way with its lawsuit against Binance, which charged the global crypto exchange with violating U.S. derivatives trading laws. A lawsuit full of juicy details and internal messages is never good, especially just a week after Binance ended a price cut that had boosted trading volumes. Binance had launched zero-free spot trading between popular tokens in July, but that... Read more âș
2
If satellite internet providers like SpaceXâs Starlink have their way, the skies are going to get a lot more crowded with their orbiting antennas in the coming yearsâso crowded that itâs worth exercising a bit more skepticism about how many will actually get off the ground. Just last Sunday, British internet company OneWeb launched three dozen new satellites, completing a constellation of more than 600 such objects it has sent... Read more âș
194
Hereâs some food for thought about initial public offerings. Yesterday I asked Brex co-CEO Henrique Dubugras when he thought the IPO window would open. His fintech company, after all, is one of many that could be beating down that door. Having raised $1.5 billion in funding, Dubugras said the company has a plan to break even off its existing funding. When I ask the IPO question, I usually get an... Read more âș
0
Torch Capital, an early-stage venture firm, raised $200 million for its second fund, The Information is first to report. The New York-based firm, which has $400 million in assets under management, has backed startups including investing platform Acorns, real estate company Compass and salad chain Sweetgreen. Its creator economy investments include Kyra, a video content studio that connects creators with advertisers; Lili, a banking startup aimed at freelancers; and Durable,... Read more âș
33
At a catch-up coffee a few weeks ago, a founder friend asked me, âWhat AI thing should we build?â It was the third time that week a founder had asked me the same question. Generative artificial intelligence is 99% of the buzz in Silicon Valley right now. In just the last few weeks, Open AI released GPT-4, its most advanced language model to date; Google announced AI for the Workspace... Read more âș
68
Mention the term âblockchain infrastructureâ at a party and youâre likely to meet blank looks. Unless, that is, youâre hanging out with a group of crypto venture capitalists. As investors have pulled back from high-profile crypto names, unnerved by the collapse of firms like FTX, the appeal of crypto infrastructure, or software that helps power the back end of blockchains, has never been stronger. Investors are gravitating more than ever... Read more âș
6
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Friedâs FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Hereâs a business empire controlled by one person, Changpeng Zhao, which has no board of directors and no fixed headquarters. Its executives routinely discuss all... Read more âș
0
Iâm getting a lot more texts about whether I think TikTok will be banned following CEO Shou Zi Chewâs Congressional hearing last week. The growing possibility is starting to spook creators and businesses who use the short-form video app. Golin, a major PR firm that hires creators on behalf of brand clients, asked some clients to hold off on signing sponsorship agreements related to TikTok campaigns in light of Chewâs... Read more âș
0
Amazonâs free and easy return policy for the vast majority of its items is a key part of its pitch to consumers, but a new feature the company is rolling out shows itâs trying to get customers to send purchases back less often. Amazon in recent months has started warning customers that an item theyâre about to buy has been âfrequently returned,â suggesting customers check âthe product details and customer... Read more âș
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06.04.2026 04:18
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