Oct 28, 2021: The Information’s Creator Economy Summit

Asia

Banks to Reduce Consumer Loan Cooperation With Ant Group

Ant Group and at least a dozen banks are scaling back their cooperation in consumer loans as Chinese regulators continue to tighten their control of online lending, Bloomberg reported. Some banks are planning to reduce their joint consumer loans with Ant, while at least one bank has already stopped working with Ant altogether, according to Bloomberg. Credit and loan services, which accounted...

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Exclusive Media/Telecom Facebook
New Facebook Storm Nears as CNN, Fox Business and Other Outlets Team Up on Whistleblower Docs
Art by Mike Sullivan
It’s not often that major news organizations coordinate to sift through a large trove of leaked company documents and agree not to publish stories about them until a certain date. But in the world of news related to Facebook, these are extraordinary times. Something similar happened in 2016 when the International Consortium of Investigative Journalists published financial leaks in an...
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Google Employee: Ad Business is Like Goldman Sachs Owning New York Stock Exchange
Shoppers Can Now Buy Bitcoin at Walmart
Chinese Firms CATL, BYD Balk at Building Battery Plant in U.S. For Apple Car
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Art by Mike Sullivan
Exclusive Startups Facebook
Facebook’s Ad-Tracking Loss Is Startups’ Gain
Apple’s clampdown on ad tracking has prompted some small online merchants to cut back their ad spending on social media sites like Facebook, which they see as a less effective outlet than in the past.
Data Point Venture Capital
Andreessen Horowitz Investment Staff Grew 170% in Four Years
One of the running jokes among Silicon Valley venture capitalists is that, eventually, all of them will become partners at VC firm Andreessen Horowitz.
Kyle Samani, Multicoin Capital co-founder and managing partner. Screenshot via YouTube. Art by Mike Sullivan.
Exclusive Crypto Venture Capital
Multicoin Capital Targets $250 Million for Third Crypto VC Fund
Multicoin Capital, which operates a hedge fund focused on crypto tokens, is planning to raise $250 million for its third venture fund to back crypto startups, according to fundraising materials viewed by The Information.
Clockwise from upper left: Brian Brooks, Catherine Coley,  Venkata “Murthy” Renduchintala, Brian Boland, Kirthiga Reddy and Janice Min
Free Agents
On the Market: Executives From Facebook, SoftBank, Intel and Binance.US
The wave of job changes dubbed the Great Resignation includes top tech and media leaders. Executives who have left roles at Intel, SoftBank, Facebook and crypto exchange Binance.US in the last year are among those on the move.
Ripple Labs CEO Brad Garlinghouse.  Photo: Ripple Labs
Q&A Crypto Startups
Ripple CEO: It’s ‘a Joke’ That Some Execs Believe SEC Isn’t Harming Crypto
Ripple Labs, the $10 billion valuation startup behind the digital currency XRP, has ridden a wave of interest in crypto: Transactions on its payment network gained 33% in the third quarter, bolstering its bank balance to more than $500 million.
Art by Mike Sullivan
Exclusive Media/Telecom Amazon
The Battle of the Streaming Gatekeepers Heats Up
In 2019, David Limp, head of Amazon’s devices business, saw an opening. For years, Roku—Amazon’s chief rival in the market for devices that let you stream video onto television sets—had supplied software to TCL, one of the world’s leading TV makers, to power the Chinese company’s internet-connected TV sets.