Circle Doubles Valuation to $9 Billion Under New SPAC Terms
The unusual move follows a sevenfold growth in market cap by the company’s stablecoin, USDC, in the past year.
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Thrive Capital Raises $3 Billion in New Funds
The new funds bring Thrive Capital's assets under management to $16 billion.
Roku Discusses Making its Own TVs
The discussions come as Roku is facing increasing competition from the likes of Google and Amazon.
Amazon and Visa Reach “Global Agreement” After Dispute Over Fees
Over the past 12 months, Amazon threatened to pull Visa credit card services in the U.K., while also increasing surcharges by 0.5% on the cards in Australia and Singapore.
Apple Shareholders Advised to Vote Against Cook’s Pay Package
Institutional Shareholder Services said shareholders should vote against Apple CEO’s $99 million pay package.
Bolt Offers Loans to Employees Who Want to Exercise Options
Co-founder Ryan Breslow said more than half of the employees eligible for this perk have used it.
DoorDash Revenue Rises on Jump in Monthly Users, Non-Restaurant Sales
Shares in the restaurant delivery company surged 26% after hours.
Cameo Partners With SoftBank to Expand to Japan
Cameo is officially coming to Japan, part of its broader ambitions to expand in East Asia.
Nvidia Sales and Profits Keep Growing, but So Do Supply Chain Costs
Jensen Huang uses the company’s growing cash-generation engine to mitigate the global chip shortage and keep his GPUs flowing.
SoftBank Asks for $8 Billion Margin Loan From Banks Vying to Take Arm Public
The move seems to be Masayoshi Son’s way of encouraging bankers to pitch him valuations they’ll actually be able to deliver in an IPO.
New York Amazon Workers to Vote on Union in March
Workers at an Amazon warehouse in New York will hold an in-person vote on unionization in March, organizers announced Wednesday.
Meta’s Nick Clegg To Lead ‘All Policy Decisions’ After Promotion
The promotion means Clegg will also report to CEO Mark Zuckerberg
Start-up Crypto Brokerage FalconX Nabs Pinterest Sales Head
Senior executives from Facebook, Google and others are flocking to crypto start-ups.
Shopify Expects Revenue Growth to Keep Slowing
The Canadian tech giant, a pandemic darling of the last two years, anticipates higher marketing spend and lower sales growth as the company plans an international expansion amid a slowdown in demand for online shopping.
Google Follows Apple With Proposal to Curb How Android Users Are Tracked
Google will seek comment on its new plan to limit cross-app tracking and plans to keep its existing ad ID for at least two years
Chinese Fashion Retailer Shein Moves Key Assets to Singapore
Such moves, technically, could turn Shein into a non-Chinese company and help it bypass Beijing's restrictions on offshore IPOs.
Roblox Shares Fall in After-Hours Trading Following Earnings Announcement
The popular gaming and metaverse platform is still growing, but not at the rates it did during the height of the pandemic.
ViacomCBS Takes on Paramount Name in Nod to Streaming Ambitions
The company said Paramount+ has 32.9 million subscribers at the end of the fourth quarter.
Meta Closes $1 Billion Kustomer Deal
Lengthy antitrust reviews delayed the deal nearly 15 months.
Coinbase Launches Program for Mexico Crypto Holders to Cash Out Holdings
The new service effectively means it now enables global remittances, or the transfer of money for payments that’s dominated by Western Union and MoneyGram.
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.
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