The RealReal To Cut 7% of Headcount, Close Some Stores and Offices
The cuts come as the luxury reseller looks to rein in expenses under its new CEO.
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Recent Editions
Lightspeed Hires Ex-Salesforce Ventures Partner for Enterprise Deals
Alex Kayyal, formerly a senior vice president and managing partner at Salesforce Ventures, joined Lightspeed as a partner on the enterprise software team.
Robinhood Sees Pop in Crypto Trading in January
The heightened activity coincides with crypto prices that have rallied in 2023.
Twilio’s Chief Product Officer Departs for VC Firm Norwest
Eyal Manor, a Google veteran who joined Twilio in late 2021, has left to become an entrepreneur in residence at Norwest.
Shopify Forecasts Revenue Slowdown in First Quarter
The e-commerce giant blamed higher inflation that’s weighing on consumer spending for the slowdown in predicted growth.
Roku Posts Flat Q4 Year-Over-Year Revenue
The streaming device maker added 10 million active users last year after heavily investing in original content.
Roblox Bookings Reach New High
The online gaming company’s growth is surpassing the levels reached after the pandemic shutdowns sparked a surge in activity.
SEC Proposes Expanding Custody Rule to Include Crypto
Chair Gary Gensler took a shot at crypto companies that custody assets on behalf of customers, saying that crypto trading and lending platforms are not qualified custodians.
EU Prepares Formal Probe of Amazon-iRobot Deal
The bloc’s investigators have privacy concerns about how the Roomba operates, including the vacuum robot’s ability to take pictures inside users’ homes.
Musk Pushes Twitter CEO Appointment to Late 2023
Elon Musk said he won’t find his replacement at Twitter until the company stabilizes
Vice Media Borrows $30 Million in New Debt
Vice Media is actively seeking a buyer. Fortress, which just lent it another $30 million, is one of the first firms that will get paid if Vice gets sold.
Republican FTC Commissioner Resigns, Criticizing Agency Leadership
Wilson argued that Khan should have recused herself from the FTC's lawsuit against Meta.
Walmart To Close Three Tech Hubs
The retailer will also require tech staffers to return to the office at least two days per week.
Prosecutors Flag Bankman-Fried’s VPN Use, Lawyers Say He Was Watching Football
The former FTX CEO and federal prosecutors have asked the judge overseeing Bankman-Fried’s criminal case for more time to consider changes to his bail conditions.
Former Gemini COO Noah Perlman Joins Binance
U.S. regulators have been circling Binance—with New York regulators this week shutting down new issuance of its Paxos-issued stablecoin.
Tesla Autopilot Workers Launch Unionization Effort
The New York based workers announced their intent to unionize on Tuesday
ValueAct Reveals Stake in Spotify
The firm disclosed its investment weeks after Spotify announced layoffs and an organizational restructuring.
Bakkt to Shutter Consumer-Facing App, Focus on B2B Crypto Services
The app will officially shut down on March 16 and existing users will be able to access crypto and cash holdings on a new website.
Meta Chief Business Officer Marne Levine To Leave Company
Meta's Chief Business Officer Marne Levine will leave the company after 13 years.
Twilio to Lay Off 17% of Staff
CEO Jeff Lawson said the company has “gotten too big” and needs to be streamlined.
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