Shein’s Valuation Drops 34% in $2 Billion Funding Round
The e-commerce giant reportedly plans to grow its revenue 40% this year.
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Recent Editions
Ripple Buys Swiss Crypto Custodian Metaco for $250 Million
Metaco will continue to operate as its own brand and business unit after the acquisition and will be led by its founder and CEO, Adrien Treccani.
China’s Tencent Reports Solid First-Quarter Revenue After Tough 2022
The recovery comes after Tencent last year struggled to cope with China's Covid-19 lockdowns and the impact from Beijing's earlier regulatory crackdown.
Twitter Lost $40 Million in Advertising Due to Community Notes, Musk Says
The $40 million loss is a relatively small portion of the overall decline in Twitter’s advertising revenue.
WeWork CEO Mathrani Steps Down
Mathrani's departure poses a fresh challenge for the co-working provider, which continues to bleed cash.
Meta Spins Off Kustomer
Under the deal, early backers of Kustomer will put in a combined $60 million to fund the company’s operations.
OpenAI’s Altman Acknowledges AI Dangers, Asks for Regulation
Sam Altman isn't sugarcoating the dangers of the unfettered development of generative AI, telling Congress that safety measures are needed.
Luminar Technologies CEO’s Deal to Buy Forbes Backed by U.S. Investors
Forbes' owner denied a report in Axios that most of the investors in the deal were foreign.
Comcast CEO Roberts Expects to Sell Hulu Stake Next Year
Roberts says Hulu stake is valuable but asset prices have fallen since the 2019 agreement was struck.
Venture Capital Returns Reach Decade Low
VC returns were negative for three consecutive quarters last year.
SEC Fires Back at Coinbase’s Request For New Crypto Rules
Since Chair Gary Gensler joined the agency in 2021, the SEC has been ramping up its enforcement actions against crypto firms.
Twitter Agrees to Buy HR Tech Startup Laskie
Twitter, which has laid off around 80% of its 7,500 employees since Elon Musk took over the company in October, hired seven of the company’s employees, including both founders.
OpenAI Readies New Open-Source AI Model
The move comes as open-source alternatives to ChatGPT multiply.
SpaceX Hires Former NASA Official Kathy Lueders on Starship
Lueders retired from NASA after 31 years at the agency
TPG to Buy Credit and Real-Estate Investment Firm Angelo Gordon for $2.7 Billion
The cash-and-stock deal helps TPG push back into private credit.
Tiger Global Looks to Offload Startup Stakes
The firm also tried to sell stakes in venture capital funds it backed in 2022, The Information reported last month.
EU Approves Microsoft’s $69 Billion Acquisition of Activision
The decision comes as the deal is facing other regulatory setbacks in the UK and the US.
Vice’s Creditors Include Wide Range of Software and Media Firms
A bankruptcy filing listed Salesforce, Asana, Oracle, AWS, CNN and HBO as unsecured creditors.
Vice Media Files For Bankruptcy Protection
The filing comes after a year in which Vice tried to find a buyer, discovering little interest in its assets.
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