Founders Fund Cuts Size of Latest Venture Fund
Such fund reductions were common after the dot-com bust.
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Amazon Closes Eight Amazon Go Convenience Stores
Amazon’s most recent earnings report included a $720 million impairment charge related to its physical stores business.
Amazon Delays Construction of Second HQ2 Phase
Amazon had previously planned to start construction on the second, larger phase sometime this year.
Coinbase Buys Crypto Asset Manager to Battle Trading Slump
One River Digital Asset Management will continue operations as Coinbase Asset Management, a wholly owned subsidiary of the crypto exchange.
Tencent CEO No Longer on List of Delegates to China’s Annual Parliament
Pony Ma's absence from the new list comes at a time when the prominence of the private sector in China has waned under Xi Jinping.
Benchmark is ‘Very Active’ in AI Right Now, Says General Partner
Sarah Tavel, a general partner at venture firm Benchmark, said artificial intelligence is experiencing "a very disruptive moment."
EU Reportedly Set to Approve Microsoft’s $69 Billion Activision Purchase
The European regulator isn’t expected to require Microsoft to sell any of its properties to carry out the deal.
Biden’s Cybersecurity Strategy Raises Questions for Software Providers
The White House's new national cybersecurity strategy could make software companies legally liable for vulnerabilities in their products.
TikTok COO Pappas Blames ‘Xenophobia’ as Congress Moves Closer to Ban
TikTok's COO made some of the company’s strongest public comments deflecting Congressional calls for a ban.
Everlane CFO To Depart For QVC Parent
Bill Wafford’s departure comes after the brand laid off 17% of its corporate employees in January.
Democrats Call on Meta to Drop Plan to Open Horizon App to Teens
The senators cited threats to teenagers posed by the app, including privacy invasions and eye strain.
House Committee Approves Bill to Give Biden Power to Ban TikTok
This is the latest indication of Washington’s growing pressure on TikTok, the popular video app owned by Chinese internet giant ByteDance.
Tesla’s Wants to Grow Car Sales from 1.3 million in 2022 to 20 Million
Tesla didn't say when it intends to reach this goal.
Salesforce Shares Jump 15% Despite Weak Revenue Forecast
Salesforce is facing a slowdown in tech spending and pressure from multiple activist investors, but investors are still apparently bullish on its future.
Amazon Ring Founder Steps Down as CEO
Elizabeth Hamren, who most recently was Discord’s COO, will replace founder Jamie Siminoff as Ring's CEO.
Vice’s Head of News and Entertainment Departs Company
Jesse Angelo, global president of news and entertainment at Vice Media, is leaving the struggling digital-media firm a few days after its CEO departed.
Crypto Traders Pull Over $5 Billion From Binance-Branded Stablecoin
Rival stablecoins Tether and USDC have become more popular since BUSD issuer Paxos said it would stop new issuances at the request of New York regulators
Meta Plans Four New AR/VR Devices in Next Four Years
The report is the most complete picture yet of Meta’s technical roadmap for AR/VR devices.
Top U.S. House Democrat Opposes Law Granting Biden Power to Ban TikTok
The opposition to the proposed bill by a leading Democrat shows there may not be widespread bipartisan support for Republican-led efforts to ban TikTok, the popular video app owned by Chinese internet giant ByteDance.
The RealReal Says New Inventory Strategy Boosting Margins
The luxury reseller has changed how it sources inventory and focused on bigger-ticket items as it chases profitability.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy