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
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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
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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
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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
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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
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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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The Commodity Futures Trading Commission sued crypto exchange Binance and its CEO, Changpeng Zhao, Monday for violating U.S. trading laws, the first major lawsuit from a U.S. agency against the worldâs largest crypto exchange. The lawsuit alleges that Binance breached multiple laws by encouraging U.S.-based customers to use the trading platform despite the fact that it hadnât registered with U.S. regulators. It provides the most detailed look yet at Binanceâs... Read more âș
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Sign up for Rosenâs newsletter, Parqor, part of The Informationâs newsletter network. There is a big question lurking in the background of the media businessâs ongoing production budget cuts, layoffs and general sense of struggle: What if the entertainment we love simply can't survive anymoreâand what if itâs streamingâs fault? That question might read as extreme. Cable networks still serve 60 million homes in the U.S.âmore than 80 million if... Read more âș
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Sam Altman has been the face of OpenAI as it quickly outmaneuvered rivals such as Google to launch cutting-edge artificial intelligence to the public. But the co-founder and CEO delegates broad authority to a handful of lieutenants who have managed its growing workforce, developed new software and integrated it with products made by Microsoft. They have also made it dead simple for thousands of other companies to use the software... Read more âș
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After a two-week auction process, Silicon Valley Bank has finally been sold to regional lender First Citizens Bank. But while the sale of the tech industryâs go-to bank was playing out, other banks moved to fill the void. Among the firms moving quickly are SVB rival Western Alliance-owned Bridge Bank and JPMorgan Chase, as well as newer institutions Mercury and Brex. âYou can see the void is being filled immediately,â... Read more âș
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Welcome back to The Electric! To those of you receiving the newsletter for the first time, I hope you enjoy this dive into the world of electric vehicles and batteries. I welcome feedback, so feel free to email. For my faithful subscribers, this begins a new publication schedule. For reasons more aligned with the news cycle, we will now publish Monday and Thursday mornings.This week, we look at a fervent... Read more âș
0
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitterâs value has dropped since the dealâbut it is still well above public market valuation levels for Twitterâs rivals. As Musk has projected that Twitter will generate... Read more âș
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In the hours after Margaret Mitchell was fired by Google over email in February 2021, she ran to the bathroom and threw up. âI was just so terrified that I was never going to get a job in tech again, that my name had been scarlet lettered,â she told me over an hourlong Zoom this week, calling from her home outside Seattle. That was not the case. In the ensuing... Read more âș
0
Iâm always 29 at heart,â said Liyia Wu, CEO of ShopShops, a livestream shopping app for fashion, beauty and lifestyle products. But now that sheâs actually over 40, Wu is searching for her fountain of youth. Sheâs one of the many time-starved executives navigating the crowded beauty tech marketplace, which did an estimated $12.5 billion in sales in 2021, according to Grand View Research, and is anticipated to grow nearly... Read more âș
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14.04.2026 05:21
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