How Instagram’s TikTok Envy Finally BackfiredRead More

Briefing
Markets

Political Strategist and Tech Investor Bradley Tusk Forms SPAC

By Kate Clark
· · Source: The Information

Bradley Tusk, a former political strategist and founder of venture capital firm Tusk Ventures, has formed a special-purpose acquisition company focused on the leisure, gaming and hospitality sector. The blank check company, called IG Acquisition Corp., plans to raise $300 million to acquire a company with an enterprise value exceeding $750 million, according to an SEC filing . Tusk is working...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing Uber/Lyft
Why Prices Do—and Should—Go Up
By Jessica E. Lessin · Aug. 16, 2022 5:00 PM PDT
Photo by Bloomberg
I had a lot of fun chatting this afternoon with The Information corporate subscribers who participated in our predictions call for the second half of 2022. Amir, Laura, Meredith and I covered a lot of ground on what we expect with tech initial public offerings, debt deals, new headwinds in crypto regulations and enterprise spending. If you are interested in getting access to these...
Latest Briefs
 
Tencent’s Revenue Falls as China’s Economic Slowdown Takes Toll
By Juro Osawa · Aug. 17, 2022
U.S. Department of Commerce Approves Nearly All Tech Exports to China
By Shai Oster · Aug. 17, 2022
Apple Plans to Expand Production of Apple Watch, MacBook to Vietnam
By Wayne Ma · Aug. 16, 2022
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Viral Patel, global head of technology investing for Blackstone Credit. Art by Clark Miller.
Exclusive Venture Capital Startups
Blackstone Plans to Back Tech Startups in $2 Billion–Plus Lending Push
By Maria Heeter
Private equity giant Blackstone is gearing up to make its first major push into lending to startups and technology companies—joining a corner of the debt market that’s quickly heating up.
Art by Josh Brill
Exclusive Asia Startups
TikTok’s $4 Billion Advertising Machine Is Messy Behind the Scenes
By Sylvia Varnham O'Regan
Two years ago, social media sensation TikTok came up with a slogan to prod brands to be more authentic in their advertisements on the app: “Don’t Make Ads.
Illustration by Clark Miller
Man v. Machine AI
Can Creatives Survive the Future War Against Dall-e 2?
By Louise Matsakis
Earlier this year, Karen X. Cheng, a video director in San Francisco, was commissioned by a client to make an augmented reality dress for special events.
Data Point Amazon Markets
Why Amazon Is Giving Employees Record Amounts of Stock, Even as It Trims Head Count
By Paris Martineau
At a moment when Amazon’s overall workforce is shrinking, the company is awarding stock to employees at a record-breaking clip to keep top talent from heading for the exits.
Art by Clark Miller
Bought and Sold Media/Telecom
Meet Axios’ New Owners: Old-Money Atlanta Billionaires Hungry for the Next Big Thing
By Abram Brown
The pitch Sebastian Thrun made to investors in 2014 was an alluring one. Thrun—former head of Google X, the company’s top-secret skunkworks—had already raised over $20 million for his buzzy online-education startup, Udacity.
Art by Clark Miller
The Big Read
‘It’s Just Bad News All the Time’: With the Tech Economy Buckling, Silicon Valley Therapists Are in High Demand
By Zara Stone
Over the last couple of months, David Mahabali has become highly skilled at lugging pillows, floor pads and blankets around the San Francisco Bay Area.