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Tag: The Information

Meta’s Top Ad Sales Executive Faces Uphill Battle in Post-Sandberg Era

This week, three Meta Platforms executives will head to the Sun Valley conference in Idaho to woo advertisers: Chief Executive Officer Mark Zuckerberg, Chief...

The La La Land Life of Venture Capitalist Brianne Kimmel

Hi, welcome to your Weekend! It’s peak out-of-office message season in Silicon Valley, and not just because of the Fourth of July weekend. Tech layoffs...

How Netflix Can Regain Momentum

We’re now just a couple of weeks away from the second-quarter earnings reporting season. And if history is any guide, first out of the...

Microsoft Cloud Computing System Suffering From Global Shortage

In March 2020, Microsoft’s Azure cloud buckled under the strain of companies around the world shifting to remote work, causing service outages and forcing...

Ugly Quarter for Crypto and Tech Stocks Ends; No Joy for Ron Johnson

Tonight we’re closing the books on the second quarter of 2022, a period no one is likely to mourn. The stock market’s slide turned...

Coatue-Backed Shopping Startup Lays Off 20% of Staff After Exaggerating Tech Capabilities to Potential Investors

Shopping startup Nate, which touted its use of artificial intelligence–powered checkout technology while it was actually relying on overseas workers to power transactions, has...

Layoffs at Unity and Niantic; Croquet.io’s Web-First Metaverse Vision

Forget the euphemistic term “belt-tightening.” News yesterday of layoffs at Unity and Niantic, affecting around 4% and 8% of their respective workforces, has demonstrated...

Bloomberg VC Arm Adds $150 Million to Investing War Chest

Roy Bahat, head of venture firm Bloomberg Beta, has a sticker on his laptop that reads TTFM—a quippy acronym for “take the f–ing money.” It’s...

Makers of Self-Driving Trucks Face a Long Haul to Profitability

The frustrated co-founder of robotruck pioneer TuSimple demanded answers from his executives at a tense meeting in late January. The company, which went public...

Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds

Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to...

Uber’s Blast from the Past

Get ready. We may soon be taking a trip down memory lane for Uber, revisiting the era of co-founder and former CEO Travis Kalanick....

What’s Next After the Three Arrows Meltdown

Hopes of a near-term recovery in crypto prices have all but vanished. Now, all eyes are on liquidity crises playing out at crypto lending...

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