Elon Musk is running into an obstacle in his relentless drive to cut costs at Twitter: some of the same vendors that Twitter is squeezing to save money are also its advertising clients. As recently as last month, Twitter sales and marketing staff were told by their colleagues that Amazon had threatened to withhold payment for advertising it runs on Twitter because the social network for months refused to pay... Read more ›
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The 6-second video (caption: “When dad gets the #boxball for Christmas”) seems like standard TikTok fare. Posted on December 26, it features a white-haired man in glasses punching at a red ball. The ball is attached to the man’s forehead by a bungee cord. The man keeps trying to jab the target, but like a cat pawing at a laser beam, he keeps whiffing. Then, after 4 or 5 seconds,... Read more ›
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On October 19, 2020, Jai Bhavnani paced around his University of Southern California dorm room in his pajamas, sending nervous Snapchats to his friends. It would either be a night for celebration or one for damage control. Los Angeles native Bhavnani, who was just 18 years old at the time, had founded the decentralized finance platform Rari Capital with two other teenagers half a year earlier. But that night, the... Read more ›
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Eric Zhu, 15, was zooming me from his high school bathroom. “We got kicked out of the janitor’s closet,” he explained, holding up a pink hall pass that lets him leave class anytime he wants. (He said he had to fabricate some “urinary issues” to convince his school to give it to him.) The boys’ room is now where Zhu and his co-chief technology officer Micah Johnson, 16, takes their... Read more ›
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Brothers Navid and Natheem Nathoo are on a quest to create “unicorn people.” That is, young people who want to learn about nanotechnology, blockchain, synthetic biology, artificial intelligence and more, and who welcome questions with no possible solutions. “We want to get kids comfortable with ambiguity,” said Navid. And so, seven years ago, the Navoos created The Knowledge Society, a 10-month-long program to expose youth to new technologies and new... Read more ›
0
Welcome back to the Pro Weekly! We hope you’re enjoying The Information Pro and finding insights in our databases. We’ll be updating them as we learn more, so check back often. Next week, look for additions to the Cloud Database. This week, we published results from our reader survey, which will be a monthly feature. By a 51% to 18% margin, readers expect conditions for tech to improve over the... Read more ›
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Shein, the online fashion giant that started in China, recently had an interesting pitch for both Amazon and Google. As it considered buying more advertising on Google properties and more cloud time on either Amazon or Google, Shein executives wondered whether either company might be interested in buying a stake in it, people familiar with the situation said. The idea didn’t get very far. Neither U.S. firm appears to have... Read more ›
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Technology companies are trying a new way to please Wall Street: Promise to go back to the office. After years of extolling the value of remote work—and long after the rest of the business world has reverted to their in-office ways—tech companies are seeing if they can buck up investors by showing how much more productive they are when they can actually see each other. Read more ›
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Roughly 20 leaders have departed Clubhouse over the past year or so, including many of the notable hires the social audio app recruited from major companies such as Meta Platforms, Google, TikTok, Spotify and Netflix. All these ex-staffers had vice president, head or lead in their titles or job descriptions (most were heads of something).The social audio app, which turns three years next month, became a pandemic sensation as millions... Read more ›
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There are different ways to ascend venture capital’s top ranks. Move fast, be loud and raise a lot of money. Or, build slowly, stay quiet and let the deals speak for themselves.For examples of these two approaches, just look at Andreessen Horowitz and Thrive Capital. Both launched near the depths of the 2009 financial crisis and both have successfully cracked the exclusive group of tier-one VC firms at impressive speeds.... Read more ›
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Sign up for Rosen’s newsletter, Parqor, part of The Information’s newsletter network. Among many newsmaking statements during his debut earnings season as Disney’s recently returned CEO, Robert Iger declared that “everything is on the table” concerning the Hulu-Disney relationship. Over the years, Disney has amassed a two-thirds stake in the legacy streaming service. A big chunk arrived within its 21st Century Fox acquisition in 2019, and it then struck a... Read more ›
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Revenue has evaporated nearly overnight at non-fungible token marketplaces like OpenSea, thanks to a fierce price war that’s sent many NFT trading fees tumbling to zero. Now it’s a waiting game to see who can survive the drought. Blur, a marketplace that has no transaction fees, started picking up steam in October and eclipsed OpenSea’s weekly volume by December. It kicked into overdrive In February when it started offering users... Read more ›
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Here are some staggering numbers for you. Year to date, bitcoin is up 43%, ether is up 39%, and Coinbase shares are up more than 92%. In fact, Coinbase is now trading around 5 times its projected next 12 month sales, up from 2.1 times when 2023 began, according to Koyfin. Where’s all this coming from?It turns out, startups and venture capitalists are scratching their heads a bit, too, around... Read more ›
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Some people are easily pleased. Salesforce stock jumped 15% in after-hours trading after the enterprise software firm reported fourth-quarter results that were a little better than it had projected. Free cash flow was solid. And Salesforce announced it was doubling its stock buyback program. Wall Street will enjoy those goodies—and the sycophants who pass for analysts showered praise on management for what the company was announcing. But it has to... Read more ›
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Could Apple and Google trip up TikTok even if saber-rattling politicians do not? It’s an intriguing idea sparked by a story we published today, especially as it resurfaces a perennial gripe of many startup founders: the iron grip the two tech giants have on smartphone apps. According to new reporting from my colleague Juro on Wednesday, the ByteDance-owned short video app has begun talks with Apple and Google to ensure... Read more ›
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Alphabet’s robotaxi developer Waymo laid off 137 employees on Wednesday, its second round of cuts this year as the parent company reins in spending across its subsidiaries. The layoffs mean around 8% of Waymo employees, or 209 employees, have been cut this year, Waymo’s co-CEOs told staff in an internal email viewed by The Information. The latest round of cuts primarily focused on engineers while the previous cuts in January... Read more ›
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TikTok faces a new potential hurdle to overcoming national security concerns in the U.S.: Apple and Google. TikTok, the popular video app owned by Chinese internet giant ByteDance, has begun talks with Apple and Google to ensure its proposed data security plan doesn’t get derailed by their app store rules, according to a person with direct knowledge of the matter. Under the plan—which TikTok has proposed to the U.S. government... Read more ›
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Bill Gates is back at Microsoft—at least on the company’s internal organizational chart. Although Gates recently said he is a part-time adviser, the co-founder’s inclusion in the above chart of more than 160 top employees is among the most striking of roughly 100 changes we’ve made since our last major update before the pandemic. In recent months, many of these executives have been trimming staff and cutting peripheral projects while... Read more ›
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Elon Musk today confirmed our big story from yesterday that he’s been recruiting a team to build an AI and chatbot that is “anti-woke.” Jon Victor and I wrote that his aim was to build a chatbot that “would have fewer restrictions on divisive subjects compared to ChatGPT and a related chatbot Microsoft recently launched.”Today, Musk tweeted out a meme showing a dog labeled Based AI attacking monsters labeled Woke... Read more ›
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Stripe has cut the valuation for its multi-billion-dollar fundraising by about 10% to around $50 billion, according to two people familiar with the situation, underlining the challenges that Stripe has faced in completing the fundraising. While Stripe is still expected to complete the funding round, it is now setting the per-share price at about $20, down from about $23 a share, these people said. The earlier per-share price translated to... Read more ›
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14.04.2026 16:24
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