ThredUp Reports Strong Growth But Forecasts Slowdown
The online used goods firm said its new distribution centers in Texas and Tennessee will contribute to widened losses in 2022, and it also expects sales growth to lag.
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Recent Editions
Index Ventures Says it Won’t Invest in Russia
The European venture capital firm said it will no longer make investments in Russia or co-invest alongside people or companies linked to the Russian regime.
Coinbase Blocks 25,000 Russian Accounts Linked to Illegal Activity
The company’s chief legal officer made the disclosure in a blog post on Monday outlining Coinbase’s recent efforts to comply with sanctions linked to the invasion of Ukraine.
Uber Says Ride Hailing Business is Bouncing Back Faster Than Expected
Uber projected stronger earnings, excluding a wide range of expenses, than it had previously.
TikTok Limits Service in Russia Amid “Fake News” Law
The move comes after Russia passed a new law aimed at silencing dissent and controlling information on its war on Ukraine.
Apple Sets April Return to Office Date
Apple employees will have to spend three days a week in the office by the end of May.
Russia Blocks Access to Facebook
The country’s communications regulator accused the social media company of “discrimination against Russian news media.”
Google Suspends Advertising in Russia
Russia’s communications regulator accused the company of showing ads in the country that it said misinformed people about the war
Microsoft Suspends New Sales to Russia
The company also outlined how it was helping defend Ukrainian organizations and civilians from cyberattacks during the current conflict.
Disney Confirms Plans to Launch Ad-Supported Tier of Disney+
Disney is hoping the launch will help it hit its goals of reaching at least 230 million subscribers globally and making Disney+ profitable by 2024.
Founders Fund Raises $5 Billion as Appetite for VC Deals Remains Robust
The new fundraising by Founders Fund comes as its competitors, such as Andreessen Horowitz, have also raised supersized funds.
Shares of Southeast Asian Tech Giant Grab Drop 37% on Weak Earnings
Southeast Asia's biggest internet stocks such as Grab and Sea are grappling with a dramatic decline in investor sentiment.
Intel says it has suspended shipments to Belarus as well as Russia
The move also applies to Intel’s resellers, meaning that critical parts for PCs and servers will no longer be sold in Russia and Belarus.
Twitter Is Reopening Offices on March 15, But Employees Can Stay Remote
Twitter is opening its offices worldwide on March 15, but remote work will still be an option.
Decision on Facebook Breakup Likely Won’t Come Until 2025
The slow pace of litigation highlights the difficulties regulators face in policing the tech sector.
Nomination of Final FTC Commissioner Starts Moving Through Senate, Again
Alvaro Bedoya is arguably the most important part of FTC Chair Khan’s aggressive enforcement agenda.
CNN+ Sets Prices Ahead of Launch This Spring
CNN+ will cost $5.99 per month — the same price as Fox News streaming service Fox Nation.
Tencent’s Payment Service to Reduce Fees for Small Merchants
The move comes amid regulatory pressure as China's government has recently called on food delivery apps to reduce their fees for small businesses.
Snowflake Targets Data Scientists With Streamlit Acquisition
With the deal, Snowflake boosts its credibility in open-source circles and gains a potential foothold for more data science-related business.
Weekday mornings
The Information AM by The Information Staff
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