How Stitch Fix Fumbled a Make-or-Break Pivot Read Now

About Us
Pricing
Briefing
Asia

Ant Group to Offer Employees Zero Interest Loans

By Shai Oster
· · Source: Bloomberg

Ant Group, the powerful Chinese online financial conglomerate whose IPO was blocked last year, is offering zero interest loans to employees to boost their morale, Bloomberg reported. The offer to borrow money off of employees’ stock options comes after regulators spiked what was going to raise a record $35 billion for billionaire Alibaba founder Jack Ma’s company. Bloomberg said the loans...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Exclusive Facebook Apple
The Inside Story of Why Apple Bet Big on a Mixed-Reality Headset
By Wayne Ma · May 17, 2022 6:00 AM PDT
Apple's Tim Cook (clockwise from top left), Bob Iger, Al Gore and Mike Rockwell. Images by Bloomberg, Shutterstock. Art by Mike Sullivan.
In 2016, Apple’s board of directors gathered inside one of its buildings in Cupertino, Calif., for a glimpse into the company’s future. Former Vice President Al Gore, then–Disney CEO Bob Iger and other Apple board members walked from room to room, trying out prototype augmented and virtual reality devices and software. One of the gadgets made a tiny digital rhinoceros appear...
Latest Briefs
 
Twitter Offered Musk Board Membership Before Stake was Disclosed
By Martin Peers · May 17, 2022
Musk Says Deal Is Off Unless Twitter Proves Spam Less Than 5%
By Shai Oster · May 17, 2022
BuzzFeed Reports Sharply Higher Losses in Q1
By Martin Peers · May 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.
IRL CEO and Co-founder Abraham Shafi. Art by Mike Sullivan
Exclusive Startups
SoftBank-Backed Messaging App IRL Says It Has 20 Million Users. Some Employees Have Doubts About That
By Mark Matousek and Amir Efrati
IRL, a four year old social app, appears to be a fast-growing alternative to Facebook and messaging app Discord.
Photo by Bloomberg. Art by Clark Miller.
The 1:1
‘I Don’t Know How Steve Jobs Would Survive Today in This Environment’: Tony Fadell Has Opinions to Share and Scores to Settle
By Adam Lashinsky
Within Silicon Valley power circles, being “on the beach” is a euphemism that covers a continuum of unemployment, from “retired rich” to “brief pause between high-powered jobs.” Tony Fadell has been metaphorically on the beach for six years, ever since leaving Google, which paid $3.2 billion for Nest Labs, the maker of smart thermostats he co-founded, in 2016.
Traders on the floor of the New York Stock Exchange. Photo by Bloomberg.
These Enterprise Software Firms Are Top Targets for Private Equity Takeovers
By Aaron Holmes
Big deals are on the way. The sharp drop in tech stocks over the past six months, making companies cheaper to buy, is likely to trigger an increase in merger activity, bankers say.
Elizabeth Spaulding, CEO of Stitch Fix. Photo by Bloomberg.
Exclusive E-commerce
How Stitch Fix Fumbled a Make-or-Break Pivot
By Malique Morris
Stitch Fix planned to revive sales growth by turning its original strategy on its head. Inside the company, there were warning signs that the effort would struggle.
Chainalysis CEO Michael Gronager on Feb. 24, 2022. Photo: Bloomberg
Exclusive Crypto Venture Capital
Chainalysis Valued at $8.6 Billion in GIC-Led Investment
By Kate Clark
Chainalysis, a startup that sells services to detect and track crypto fraud, has raised a new round at an $8.6 billion valuation, including the investment, according to a person with direct knowledge of the matter.
Twitter's San Francisco headquarters. Photo by Bloomberg.
Policy
Combative FTC Could Complicate Homestretch of Musk’s Twitter Deal
By Josh Sisco and Sarah Krouse
When Elon Musk first tried to buy Twitter, the social media app’s executives tried to rebuff him.