Meet the New Guard of Finance—and Save $100 On Your First YearUnlock the List

Briefing
crypto facebook policy

U.S. House Wants Zuckerberg to Testify by January

By
Christopher Stern
· · Source: The Information

A key House committee has invited Facebook Chief Operating Officer Sheryl Sandberg to testify on Oct. 29   about the company’s plan to roll out a global cryptocurrency, but only on the condition that CEO Mark Zuckerberg agree to appear before the committee before January. The proposed terms haven’t been reported previously. In addition to questioning Sandberg about Libra, Facebook’s proposed...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
DEALS enterprise
Private Equity Firms’ Secret Weapon for Big Software Buyouts
By Rachel Graf · March 30, 2023 10:00 AM PDT
Orlando Bravo, co-founder of Thoma Bravo LLC. Photo by Bloomberg.
When Thoma Bravo was drawing up the financing of its $8 billion acquisition of Coupa Software last year, the private equity giant didn’t turn to a bank, and it didn’t get a traditional loan. Instead, it tapped a group of non-bank lenders including Sixth Street for a relatively obscure type of financing—one that has been making its way into more and more multibillion dollar...
Latest Briefs
 
Roku Lays Off 6% of Workforce
By Sahil Patel · March 30, 2023
Meta to Allow European Users to Opt Out of Personalized Ads
By Sylvia Varnham O'Regan · March 30, 2023
Alphabet’s DeepMind and Google Brain Set Aside Rivalry, Target OpenAI
By Amir Efrati · March 29, 2023
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.
From left, Alphabet CEO Sundar Pichai, DeepMind CEO Demis Hassabis and Google Brain chief Jeff Dean. Photos by Getty, Bloomberg
Exclusive google ai
Alphabet’s Google and DeepMind Pause Grudges, Join Forces to Chase OpenAI
By Jon Victor and Amir Efrati
OpenAI’s success in overtaking Google with an artificial intelligence–powered chatbot has achieved what seemed impossible in the past: It has forced the two AI research teams within Google’s parent, Alphabet, to overcome years of intense rivalry to work together.
Art by Clark Miller.
Opinion startups
Don’t Build the Wrong Kind of AI Business
By Ben Parr
At a catch-up coffee a few weeks ago, a founder friend asked me, “What AI thing should we build?” It was the third time that week a founder had asked me the same question.
Bill Gurley in 2019. Photo by Bloomberg
Exclusive
Good Eggs Cuts Its Valuation 94% in Lifeline Financing as More Startups Get Desperate
By Amir Efrati
As more startups struggle to raise money from venture capitalists and approach bankruptcy, they are going to extreme lengths to stay afloat.
Block chairman and co founder Jack Dorsey. Photo by Getty
markets
Fintech’s Big Wakeup Call
By Ann Gehan
Fintechs were supposed to transform banking by making it dead simple for users to open savings accounts or pay their bills.
Art by Clark Miller.
Market Research e-commerce culture
The Skin-Tech Devices Helping Execs Beautify in a Hurry
By Aja Mangum
I’m always 29 at heart,” said Liyia Wu, CEO of ShopShops, a livestream shopping app for fashion, beauty and lifestyle products.
Art by Clark Miller
Surreal Estate real estate
Silicon Valley’s Realtors, Like Its Bankers, Are Having a Tough Month
By Zara Stone
In early March, Ken DeLeon, founder of DeLeon Realty, a Silicon Valley–based brokerage that sold more than $1 billion in homes in 2021, called one of his venture capitalist clients to discuss the purchase of a $20 million–plus megamansion.