Articles from www.theinformation.com

Articles from www.theinformation.com

Source: Elon Musk offers Twitter staff stock grants at a ~$20B valuation which, with a $13B debt, implies a $33B enterprise value, ~11x 2023's projected revenue (www.theinformation.com)
2023-3-26 Twitter Elon Musk

Source: job listings site Indeed is laying off 2,200 people, or 15% of its headcount; Indeed was acquired in 2012 by Japan's Recruit, which also owns Glassdoor (www.theinformation.com)
2023-3-23 Japan

Sources: Meta rehires veteran manager Nick Grudin, who left to join NFT startup Dapper Labs in August 2022, to oversee media and creator relationships (www.theinformation.com)
2023-3-23 Startup

An internal Microsoft document tells Azure salespeople to say that OpenAI's licenses offer “limited enterprise-grade capabilities” and weaker privacy features (www.theinformation.com)
2023-3-22 Microsoft

Investor presentation: SVB Capital, which manages $9.5B, invested $234M in Sequoia Capital as of May 2022, $173M in a16z funds in 2018 and 2021, and more (www.theinformation.com)
2023-3-16

Sources: Microsoft faces a shortage of GPUs for AI and is rationing access to them for internal teams, as it prepares to announce GPT-4 tools for Office 365 (www.theinformation.com)
2023-3-16 Microsoft AI

Sources: Y Combinator will not raise another Continuity Fund, which backs late-stage startups, and the two partners who led the fund plan to leave Y Combinator (www.theinformation.com)
2023-3-14 Startup Y Combinator

Sources: regional banks are the likeliest bidders to prevail in the sale process for Silicon Valley Bank, not “too big to fail” banks like JPM or BoA (www.theinformation.com)
2023-3-13

Some VC firms are encouraging their portfolio companies to pull funds out of Silicon Valley Bank while others are advising startups to keep no more than $250K (www.theinformation.com)
2023-3-10 Startup

Sources: Anthropic, which focuses on researching AI safety, raised $300M led by Spark Capital at a $4.1B pre-money valuation, after Google invested $400M (www.theinformation.com)
2023-3-8 Google AI

Musk Delayed Paying Twitter's Amazon Cloud Bill, Sparking Ad Threat (www.theinformation.com)
2023-3-6 Amazon Twitter

Sources: around 20 leaders at Clubhouse have left over the past year, including hires from Meta, Google, and others; Clubhouse continues to add “top talent” (www.theinformation.com)
2023-3-6

Sources: Elon Musk has approached AI researchers in recent weeks about forming a new research lab to develop an alternative to ChatGPT (www.theinformation.com)
2023-2-28 AI Elon Musk

Source: Apple has hired a TV and digital video advertising executive, Lauren Fry, to help build a video ad business for Apple TV+ (www.theinformation.com)
2023-2-25 Apple

Stripe's pitch deck to investors says it needs $4B by the end of 2024 to cover a tax withholding bill when it modifies employee stock grants before an IPO (www.theinformation.com)
2023-2-18 IPO Tax

Source: Microsoft shut its Industrial Metaverse Core team, formed four months ago to build tools for industrial settings, and laid off the team's 100 employees (www.theinformation.com)
2023-2-11 Microsoft

Internal doc: ~180K US users were paying for subscriptions to Twitter, including Twitter Blue, as of mid-January; the US number is ~62% of the global total (www.theinformation.com)
2023-2-7 Twitter

Internal messages: Twitter wants to charge brands $1,000 per month to keep their gold verification badges, plus $50 per month for each affiliated account (www.theinformation.com)
2023-2-4 Twitter

Source, document, and emails: PepsiCo and Anheuser-Busch have committed to spending $3M+ and $2.4M, respectively, on Twitter takeover ads during the Super Bowl (www.theinformation.com)
2023-2-4 Twitter

Docs: Verily revenue grew to $470M in the first nine months of 2022, up from $228M YoY, making it Alphabet's biggest subsidiary by revenue after Google (www.theinformation.com)
2023-2-3 Google Alphabet

After a splashy launch, sources say Amazon Prime Air made drone deliveries to <10 houses between December 29 and mid-January; records: the FAA limits the drones (www.theinformation.com)
2023-2-2 Amazon Drone

Sources: Netflix told advertisers that sign-ups for its ad tier doubled in January 2023 over December 2022; Netflix predicted 1.75M ad tier subscribers in Q1 (www.theinformation.com)
2023-2-2 Netflix

Sources: Meta executives are debating whether to relax the company's long-standing opposition to sharing ad revenue with creators, as it seeks to boost Reels (www.theinformation.com)
2023-2-1

Sources: Apple is developing tools to let non-coders use Siri to build AR apps for its MR headset and working on AR content emphasizing health and wellness (www.theinformation.com)
2023-1-28 Apple AR

Internal messages: TikTok told some of its US workers they could lose their jobs unless they show they have moved to an address near their assigned offices (www.theinformation.com)
2023-1-24

Source: Satya Nadella voiced concerns Microsoft was slow to commercialize its AI research advances; in 2022, its researchers said Apple and Google seemed ahead (www.theinformation.com)
2023-1-24 Google Microsoft AI Apple

Source: Gemini is laying off 10% of staff, at least the third round of cuts at the crypto exchange in eight months; Gemini had 650 to 700 staff near 2022's end (www.theinformation.com)
2023-1-24

Amazon Ends AmazonSmile Charity Donations (www.theinformation.com)
2023-1-19 Amazon

Source: Twitter's Q4 2022 revenue fell ~35% YoY to $1.025B, 72% of its internal goal for Q4; it hopes to generate $732M in Q1 2023, which would be down 39% YoY (www.theinformation.com)
2023-1-19 Twitter 4Q

Source: Twitter manager Siddharth Rao told employees that daily revenue was 40% lower than a year earlier and more than 500 top advertisers have paused spending (www.theinformation.com)
2023-1-18 Twitter

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