Welcome, Weekenders! In this newsletter:• The Big Read: Pickleball is the past—the tech elite is obsessed with padel. • Plus, an Americana-themed batch of Recommendations—our weekly pop culture picks: “The Americans,” “East of Eden,” “High Desert Daydream,” “Lonesome Dove,” USA vs. Belgium, and “The Twilight Zone.” The year’s midpoint is an apt moment for some studied reflection, and I’ve been thinking about how much has changed in the last six... Read more ›
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This weekend, I’m heading to the Cannes Lions International Festival of Creativity, the glitzy and celebrity-studded advertiser conference in the south of France where creators have become a growing presence. Major platforms favored by creators will be at the conference, including Meta Platforms, TikTok, YouTube, Snap and Spotify. Many of them are bringing along creators to attend their events and speak on panels. Spotify, for example, will host discussions with... Read more ›
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CareRev, a healthcare startup that raised around $100 million from investors during the pandemic, is in the process of laying off nearly 100 employees—or about a third of its corporate workforce—according to one person with direct knowledge of the plans and another who was briefed on them. The cuts follow the departure of CareRev co-founder Will Patterson, who resigned as CEO earlier this month after The Information made inquiries about... Read more ›
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Megafunds may be a relic of another era in venture capital. That’s not a bad thing. Insight Partners has reduced the target of its next fund 25% to $15 billion, the Financial Times first reported this week. Other firms, like Tiger Global Management and TCV, aren’t on track to meet their initial ambitious targets either.There aren’t enough opportunities to justify more pandemic-era monster funds anyway, and many limited partners have... Read more ›
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Megafunds may be a relic of another era in venture capital. That’s not a bad thing. Insight Partners has reduced the target of its next fund 25% to $15 billion, the Financial Times first reported this week. Other firms, like Tiger Global Management and TCV, aren’t on track to meet their initial ambitious targets either.There aren’t enough opportunities to justify more pandemic-era monster funds anyway, and many limited partners have... Read more ›
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While the approval of the AI Act in the European Parliament on Wednesday will no doubt go down in history as a day of reckoning for generative artificial intelligence, it was not the first. That honor belongs to March 31, when, citing a lack of compliance with various European data protection provisions, Italy’s data protection authority banned OpenAI’s ChatGPT. Products like ChatGPT and Google’s Bard are members of the generative... Read more ›
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Even as big companies tighten their belts and startup funding remains at a trickle, readers of The Information report more flexible and employee-friendly workplace policies. Nearly half of respondents to The Information’s survey this month said their equity started vesting within six months. In 2021, when The Information conducted a similar survey about compensation, about a quarter of respondents said their equity started vesting in less than a year. Read more ›
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In the span of a few months, Bitwise Industries, a job training startup that raised more than $100 million from investors including JP Morgan Chase, Goldman Sachs and Kapor Capital, has gone from an unlikely success story with hundreds of employees to a firm near bankruptcy targeted by multiple lawsuits, including allegations that its founders committed fraud. Now one investor is claiming she and her firm were misled by founders... Read more ›
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Major advertisers and nearly every big TV network have jumped into the market for ads on video-streaming services. Now LinkedIn, the social network for professionals, is trying to get in on the act as well. The Microsoft-owned business is about to start testing an ad product that will allow marketers to target LinkedIn users when they’re watching movies and TV shows on streaming services, said people familiar with the matter.... Read more ›
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Margrethe Vestager must have been getting a little antsy. The European Commission antitrust boss has been relatively quiet lately even as her British counterpart has been throwing punches at big tech companies, including by forcing Meta Platforms to divest Giphy and then blocking Microsoft’s purchase of Activision. In contrast, the Europeans said they were OK with the Activision deal going through (Brad Smith is sooo charming!). So maybe it’s not... Read more ›
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Next week will be a busy one for the creator economy: Kaya is headed to the South of France for the Cannes Lions International Festival of Creativity, the splashy annual beachside event for advertisers, while my colleague Erin will be reporting at VidCon in Anaheim, Calif.Kaya will give you the download on Cannes in tomorrow’s newsletter. Today, I’ve got the rundown on VidCon, the conference that attracts social media creators,... Read more ›
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In the week since the Securities and Exchange Commission filed its lawsuit against Coinbase, buzz has been building in the crypto community about another case that could derail the security regulator’s sweeping crackdown.Ripple Labs has been locked in its own battle with the SEC since 2020 over whether $1.3 billion in sales of xrp, the token developed by the founders of the crypto payments company, were offered and sold as... Read more ›
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Google last month upgraded its Bard chatbot with a new machine-learning model that can better understand conversational language and compete with OpenAI’s ChatGPT. As Google develops a sequel to that model, it may hold a trump card: YouTube. The video site, which Google owns, is the single biggest and richest source of imagery, audio and text transcripts on the internet. And Google’s researchers have been using YouTube to develop its... Read more ›
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Rob Bearden, the CEO of Cloudera, told employees in a virtual town hall meeting on Tuesday that he is stepping down, according to someone with direct knowledge. Bearden said in the meeting that it was his decision to leave the company, and that he had not been fired or forced to leave, the person said. His departure comes two years after the once public company, which sells data management software,... Read more ›
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When business historians look back at what happened in tech between 2020 and 2022, one subject they’ll likely explore is the mass suspension of disbelief that led venture capitalists, startup founders and big companies to go wild spending money on all sorts of crazy stuff. We’re now living through the retreat from those moves, which we at The Information have been chronicling regularly, including in our deep dive today into... Read more ›
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Earlier today, I published a story about how creator economy startups are facing a reckoning after the 2020-2021 VC funding boom that spawned hundreds of startups trying to sell tools and services to creators. As funding has dried up, several creator-related startups—including Popshop Live, Zurp and Moetic—have been looking for buyers, pivoting their businesses or shutting down completely. As part of my reporting, I spoke to Dmitry Shapiro and Sean... Read more ›
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Amazon Web Services has suddenly cut ties with a key firm that earns commissions for bringing new customers to AWS, according to people with direct knowledge of the situation. The firm, Philadelphia-based Triumph Tech, was among a select number of “premier tier” partners, AWS’s highest designation for partners. The reason for the split couldn’t immediately be learned. In interviews, one current Triumph employee and one recently departed employee said they... Read more ›
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When Shopify last month announced the sale of its delivery operation, it was an abrupt reversal of a strategy to compete with Amazon it had spent four years and billions of dollars developing. Just six months earlier, for instance, top Shopify executives dismissed suggestions from logistics leaders that they scale back their investment to reduce the operation’s costs. In November of last year, Shopify founder and CEO Tobi ​​Lütke assembled... Read more ›
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Silicon Valley was perhaps the world’s greatest beneficiary of nearly 15 years of extraordinarily loose monetary policy. From this fertile mix, West Coast venture capitalists and financial institutions spun a finely tuned ecosystem that excelled at converting cheap capital into high valuations. But with interest rates high and quite possibly still rising, venture capital funding declining and investors’ path to an exit largely blocked, the difficulties facing that ecosystem today... Read more ›
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Two years ago, Dmitry Shapiro and Sean Thielen were so optimistic about the booming creator economy that they pivoted their startup to a new product: a simple tool called Koji that lets influencers more easily link to their online tip jars, merch and other services in their social media bios. Sure, there were already dozens of other startups offering a similar type of product, but that didn’t stop the two... Read more ›
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TCV, a 28-year-old mainstay of the venture capital industry, has raised 50% to 75% less capital for its next flagship fund for private investments than the $5.5 billion target it set last year, according to new securities filings and a document compiled by one of TCV’s limited partners. The filing doesn’t clarify whether TCV is raising more capital for the fund or has finished the process, which started last summer.... Read more ›
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08.07.2026 00:14
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