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Instacart Valuation Rises 73% to $13.5 Billion After New Funding

Instacart, a sudden Silicon Valley darling whose online grocery-delivery business has soared amid Covid-19 lockdowns in the U.S., said Thursday it raised $225 million in a new financing. The deal gives Instacart a private, pre-investment valuation of $13.5 billion, implying that the company gave up around 1.5% of its equity while boosting its paper value by 73% compared to its last financing, in...

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Many Gen Zers Loathe Amazon—but Can’t Quit It
Many Gen Zers Loathe Amazon—but Can’t Quit It
Like most of her friends, Isobel Tollenaar isn’t a fan of Amazon. “I definitely find it to be an uncomfortably powerful and gross company,” said Tollenaar, 23, who graduated from college just last year and currently works at a nonprofit in the Chicago area. “It has its fingers in way too many pies, and I find it to be super detrimental to the working class, especially as...
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Slack Deal Could Fulfill Salesforce Chief’s Decade-Old Vision
Startups Microsoft
Slack Deal Could Fulfill Salesforce Chief’s Decade-Old Vision
Salesforce co-founder and CEO Marc Benioff has long had a vision of replacing email with new forms of collaboration software, though his attempts to build that future have mostly fizzled.
Salesforce Goes After Slack: The Information’s Tech Briefing
The Briefing
Salesforce Goes After Slack: The Information’s Tech Briefing
Just in time for the holidays, we have a possible big enterprise software merger. Salesforce’s interest in buying Slack, first reported by the Wall Street Journal , shouldn’t come as a surprise to anyone.
Insider’s Parent Axel Springer Wants to Help Drive US Media Mergers
Q&A
Insider’s Parent Axel Springer Wants to Help Drive US Media Mergers
Axel Springer, the German owner of Business Insider, is ready to take part in a second wave of consolidation in the U.S.
The Information’s Guide to 10 Must-Stream TV Shows
Media/Telecom Entertainment
The Information’s Guide to 10 Must-Stream TV Shows
The holiday season is a great time to curl up on the couch and immerse yourself in a streaming television show—and that is triply true when a pandemic has fouled up travel and most other opportunities for entertainment.
Facebook Researchers Found Its ‘Political Whitelist’ Influenced Misinformation Spread
Exclusive Policy Facebook
Facebook Researchers Found Its ‘Political Whitelist’ Influenced Misinformation Spread
During a September 2019 speech in Washington, D.C., Facebook’s global policy and communications chief Nick Clegg gave an ardent defense of the company’s policy to not fact-check politicians, saying that it wasn’t the social network’s role to “intervene when politicians speak.” Behind the scenes that summer, some of Facebook’s employees had argued just the opposite, warning that exempting politicians from fact-checking “is protecting content that is especially likely to deceive,” according to an internal presentation reviewed by The Information and two people familiar with the matter.
Facebook Has a Recipe For Better Social Media. Why Isn’t The Company Using It?
Opinion Facebook
Facebook Has a Recipe For Better Social Media. Why Isn’t The Company Using It?
A New York Times article this week about the struggles within Facebook to get a handle on disinformation after the election illuminates a fascinating idea: surveying users to generate training data for artificial intelligence algorithms.