Articles from www.theinformation.com

Articles from www.theinformation.com

Source: the CEO of Clearco, which offers capital to e-commerce firms for a cut of future revenue, resigns as growth at the well-funded startup grinds to a halt (www.theinformation.com)
2023-1-16 Startup

Internal messages: Twitter intentionally suspended access to third-party clients last Thursday; staff questioned when an explanation will be provided publicly (www.theinformation.com)
2023-1-15 Twitter

Google lays off 20% of robotics and 15% of life sciences (www.theinformation.com)
2023-1-13 Google Robot

Source: Stripe lowers its internal valuation by ~11% to $63B, its third known cut since June 2022, bringing the total reduction to ~40% in the past six months (www.theinformation.com)
2023-1-12

Sources: GroupM clients cut Twitter ad spending by 40%-50% since Elon Musk took over; Standard Media Index sees fewer January and February ad bookings in 2023 (www.theinformation.com)
2023-1-12 Twitter Elon Musk

Sources: e-commerce spending on ByteDance's Douyin in China reached $208B in 2022, up 76% YoY; shoppers in Southeast Asia spent $4.4B on TikTok in 2022 (www.theinformation.com)
2023-1-10 China Asia Southeast Asia

Ghost Writer: Microsoft Looks to Add OpenAI's Chatbot Technology to Word, Email (www.theinformation.com)
2023-1-8 Microsoft chatbot

Memo: Genesis parent company DCG shut its wealth management division HQ on January 2; filing: HQ had more than $3.5B under management as of December 2022 (www.theinformation.com)
2023-1-6

Source: Twitter laid off ~40 data scientists and engineers working on ad optimization, as it targets the ads products and other areas considered to be failing (www.theinformation.com)
2023-1-6 Twitter

Sources: Microsoft is preparing a version of Bing that uses the OpenAI software behind ChatGPT to answer some search queries, which could launch by March 2023 (www.theinformation.com)
2023-1-4 Microsoft

Source: Amazon is working on a standalone app for watching sports, decluttering the Prime Video app; Andy Jassy recently reaffirmed Amazon's video ambitions (www.theinformation.com)
2022-12-29 Amazon

Sources: Instacart cuts its internal valuation to ~$10B, down ~75% from $39B in March 2021; the company slashed its valuation every quarter in 2022 (www.theinformation.com)
2022-12-28

A look at challenges facing Apple's semiconductor group; sources: Apple cut a next-gen GPU with ray tracing from iPhone 14 Pro due to battery and thermal issues (www.theinformation.com)
2022-12-24 iPhone Apple Battery

Howl, which runs a marketplace facilitating cooperation between creators and retailers, raised a $27M Series A led by Highland Capital Partners (www.theinformation.com)
2022-12-17

Source: Twitter plans to change the pricing of Twitter Blue to $7/month if users pay for it through the web and $11 if they pay for it through Apple's App Store (www.theinformation.com)
2022-12-8 Apple Twitter

Sources: the SEC is investigating whether messaging app IRL misled investors; IRL raised $170M from SoftBank's Vision Fund 2 at a $1.17B valuation in June 2021 (www.theinformation.com)
2022-12-8

Sources: Microsoft recently considered building a “super app” combining shopping, messaging, search, news, and other services, drawing inspiration from WeChat (www.theinformation.com)
2022-12-7 Microsoft WeChat

Sources: ex-FTX US President Brett Harrison is raising money for a startup to build crypto trading software for big investors, seeking $6M at a $60M valuation (www.theinformation.com)
2022-12-3 Startup

Pinterest says it is ending the creator rewards program that it launched in 2021, which offered cash bonuses when creators completed certain goals (www.theinformation.com)
2022-11-30

Source: between Q1 2019 and this fall, Alphabet's Google Cloud, hardware unit, and YouTube have roughly doubled headcount, as the total employee count grew ~80% (www.theinformation.com)
2022-11-29 Google YouTube Alphabet

Source: Ella Irwin, Twitter's VP of product focused on health and services since June 2022, will be the new head of trust and safety, replacing Yoel Roth (www.theinformation.com)
2022-11-18 Twitter

Sources: in May, Google asked managers to categorize 6% of employees, or ~10,000 people, as low performers under its new review system, up from 2% previously (www.theinformation.com)
2022-11-18 Google

Sea Ltd., Southeast Asia's largest internet firm by revenue and market value, has laid off 7,000+ employees, or ~10% of its staff, over the past six months (www.theinformation.com)
2022-11-15 Asia Southeast Asia

Sources: founders of AI startup Laserlike, acquired by Apple in 2018, have left to rejoin Google, including Srinivasan Venkatachary, who led Apple's search team (www.theinformation.com)
2022-11-13 Google Startup AI Apple

Sources: Elon Musk told staff at an all-hands that Twitter may have a “net negative cash flow” of billions in 2023 and “bankruptcy is not out of the question” (www.theinformation.com)
2022-11-11 Twitter Elon Musk

SBF quietly invested $500M+ in Paradigm, Altimeter, and other VCs, including, sources say a $200M commitment to Sequoia, and $300M to K5 per PitchBook (www.theinformation.com)
2022-11-11

Report: Twitter files paperwork with the US Treasury to process payments; source: Twitter is working on a product that accepts cryptocurrencies, including DOGE (www.theinformation.com)
2022-11-10 Twitter

Online banking startup Chime is laying off 12% of its 1,300-person workforce, citing “current market dynamics”; it had a $25B valuation in August 2021 (www.theinformation.com)
2022-11-3 Startup

Source: Elon Musk fired top Twitter executives, including CEO Parag Agrawal, “for cause”, in an apparent attempt to avoid severance and unvested stock payouts (www.theinformation.com)
2022-10-30 Twitter Elon Musk

Twitter confirms it shut down its Ticketed Spaces test indefinitely before Elon Musk's takeover of the company (www.theinformation.com)
2022-10-29 Twitter Elon Musk

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