Welcome, Weekenders! In this newsletter:âą The Big Read: Pickleball is the pastâthe tech elite is obsessed with padel. ⹠Plus, an Americana-themed batch of Recommendationsâour weekly pop culture picks: âThe Americans,â âEast of Eden,â âHigh Desert Daydream,â âLonesome Dove,â USA vs. Belgium, and âThe Twilight Zone.â The yearâs midpoint is an apt moment for some studied reflection, and Iâve been thinking about how much has changed in the last six... Read more âș
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A former employee for Snap, the company behind Snapchat, once told me thereâs an inside joke at the company that Snap is âthe research and development team for Meta Platforms.â The joke started as a self-deprecating dig at Instagramâs ripping off of Snapchatâs Stories feature in 2016. Nowadays, though, it often feels like Snapchat isnât just doing R&D for Metaâitâs doing research for every big platform. The app is consistently... Read more âș
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Valuations of startups that had been looking toward an initial public offering have fallen as much as 93% from their most recent private fundraising rounds, according to estimates by Caplight, which tracks trading of private-company shares on secondary markets. Caplightâs estimates are included in The Informationâs newly updated Tech IPO Tracker. Last year, The Information identified 34 startups that appeared to be headed toward IPOs. But rising interest rates and... Read more âș
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When lithium-metal battery developer SES AI held its first-quarter earnings call this week, executives were especially prepared for one question: When would the company complete its âA Sampleâ? And when that was done, when would SES finish its âBâ and âCâ samples? CEO Qichao Hu assured analysts that all three were on schedule, and the battery on track to be in a commercial electric vehicle by 2026.Out of the public... Read more âș
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We have lots of news today, including Disneyâs change of heart on Hulu (see below) and Googleâs blizzard of new product announcements at its annual developer conference. For more on Google, see here. But arguably the most important though little-covered news story this week was a Delaware courtâs decision on Tuesday to reject a shareholder lawsuit over Blockâs boneheaded purchase of musical streaming service Tidal. While finding that the roughly... Read more âș
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Social audioâs heyday has definitively come and gone. After Clubhouse became an overnight sensation, other tech companies were quick to launch their own products that invited people to chat in live virtual rooms. But as the chart above shows, some such as Reddit and Spotify have recently shut down their Clubhouse rivals. And even Clubhouse, which says it still has âmillionsâ of users, says it is evolving its product after... Read more âș
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Googleâs once-a-year product showcase on Wednesday confirmed what employees and rivals have been saying for months: the company is playing catch-up to rivals in conversational artificial intelligence and other fronts. During its annual event for software developers, the company announced new AI features for web search, Docs and Bardâits answer to OpenAIâs ChatGPT chatbotâbut none of them seemed more advanced than what rivals have already launched. Still, Googleâs preview of... Read more âș
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Over the past few months, crypto fans have been fixated on a pair of new tools that allow them to trade NFTs and create new tokens using bitcoinâs underlying blockchain network. That has sparked a surge in trading of Bitcoin-based digital artwork collections including BTC DeGods, Bitcoin Wizards, Bitcoin Punks and Bitcoin Pizzas. Thereâs more. Memecoins, or cryptocurrencies created as a joke and with no underlying function, have also spiked.... Read more âș
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For Tesla employees, the sight of Tom Zhuâs face early this year around the electric car makerâs factory in Austin, Texas, was a relief. For months, the absence of key Tesla executives in Austin had paralyzed the multimillion-dollar purchasing decisions required to build out the assembly line for its newest vehicle, a futuristic stainless-steel hulk called the Cybertruck. The companyâs CEO, Elon Musk, had been preoccupied with Twitter since October,... Read more âș
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In February, Microsoftâs Bing search engine launched a chatbot that gives humanlike answers to questions, a feature CEO Satya Nadella said would energize Bing and pressure web-search leader Google. But Bing has barely eked out any gains against Google in the past few months, new data show. That reality may leave Bing with only one option to try to move the needle in search: Win deals to replace Google as... Read more âș
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Before we get to todayâs column, I must point you all to the news that ousted Fox host Tucker Carlson is planning to launch a show on Twitterâif he can first win a legal battle with Fox. You can read that great scoop here. The news reminds me of a column I wrote when Musk bought Twitter. I said he was doing it to become Rupert Murdoch. As an aside,... Read more âș
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Oracle and Microsoft recently discussed an unusual agreement to rent servers from each other if either company runs out of computing power for cloud customers that use large-scale artificial intelligence, according to a person with direct knowledge of the negotiations. A deal would help the two rival cloud providers meet surging demand for servers that can run AI software, which has caused a shortage. The proposed server-sharing deal talks have... Read more âș
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Creator economy workers are making another attempt at organizing, as the story I published earlier today details. The effort, dubbed Creator Project 1.0, is in the early stages, but aims to advocate for the rights, welfare and creative freedom of creators, according to organizing documents viewed by The Information. That got me thinking about whether creators would see more success than gig workers, who have attempted to use their growing... Read more âș
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Thereâs a new financial power segment in town: content creators. But creators have a unique profile thatâs currently underserved and distinct from those of other small businesses. Creators span all ages, are global by default, and need to be paid faster to create content at a viral speedâall of which opens up new opportunities for banks and fintech solutions. Jessica Lessin, founder and CEO of The Information, explored this during... Read more âș
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The tensions surrounding TikTok in the U.S. have been building for years, but lately they have reached a boiling point. More than half of all states have either partially or fully banned TikTok on government devices. The Biden administration gave the platform an ultimatum, demanding that ByteDance, the appâs Chinese owners, spin off their share of the business or else face a total U.S. ban. In late March, members of... Read more âș
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Morgan Stanleyâs decision to cut roughly 5% of its staff, or 3,000 people, has drawn headlines as a sign of how banks are responding to the near-dead initial public offering and deal markets. But the cuts at Morgan Stanley, as at other banks, will only make a small dent in workforces that expanded sharply in the pandemic era. Between the end of 2019 and the end of December 2022, Morgan... Read more âș
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In 2020, Amazon went on a blitz offering up the grab-and-go cashierless technology behind its Amazon Go convenience stores to large retailers around the world. That included offering up the Just Walk Out technology to Woolworths, the largest retailer by revenue in Australia, according to a person with knowledge of the talks. And executives at department store chain Kohlâs weighed the pros and cons of installing Just Walk Out, a... Read more âș
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Creator economy workers are taking a fresh stab at labor organizing. A group of digital influencers and professionals who work with them has started an effort to push tech companies to increase creatorsâ compensation and take action on other issues, including unexplained removals of creatorsâ accounts from apps, according to documents reviewed by The Information and people involved with the effort. Ezra Cooperstein, a president at Nightâthe talent management company... Read more âș
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The old-fashioned TV business is slowly but surely sliding into the ocean. Yes, folks, while weâve been obsessing about the money TV companies are losing on streaming, the older businesses have been falling apart. Rates of cord cutting from cable and satellite worsened in the first quarter. Todayâs report from Dish Network, a satellite TV operator, showed that it had more TV subscriber defections in the period than in any... Read more âș
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Ramit Sethi started a website called âI Will Teach You To Be Richâ from his dorm room at Stanford University in 2004 to help teach his college friends about money. Now 40, he has a best-selling book of the same name, a podcast, 500,000 Instagram followers, and most recently, a new show on Netflix, which began streaming last month. In the lead-up to the premiere, he launched a newsletter sharing... Read more âș
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The elder members of Gen Z are now 26 years old. That means they have considerable purchasing powerâand they turn to their fellow Gen Z creators for product recommendations. How can brands tap into that power and meaningfully connect with young creators and their audiences? Annie Goldsmith, reporter for the The Information, sat down to discuss the topic with three experts who specialize in working with creators: Jamie Gutfreund, chief... Read more âș
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09.07.2026 10:08
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