Blackstone Plans to Back Tech Startups in $2 Billion–Plus Lending PushRead More

Briefing
Crypto

Coinbase Stock Drops as Crypto Prices Tumble

By Hannah Miller
· · Source: The Information

Coinbase’s stock fell 6% Tuesday to $262 as the prices of major cryptocurrencies tumbled. Bitcoin, the world’s most widely held cryptocurrency, is currently down 8% at $48,800 after surging to almost $52,000 on Monday. Ether dropped 7% to $3,800, while other cryptocurrencies, including Solana’s SOL token, Ripple’s XRP and dogecoin dipped sharply as well. Cryptocurrencies fared worse than...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Creator Economy
TikTok’s Ad Stumbles; an NFT Artist on Crypto Twitter, Philanthropy and Diversity
By Mahira Dayal · Aug. 11, 2022 2:51 PM PDT
Emily Yang, @pplpleaser. Credit: Emily Yang
TikTok aims to rival the ad revenue of digital titans such as Meta Platforms, but a new report from my colleague Sylvia shows that turbulence within the short-form video app’s ad sales department threatens to throw it off course.That turbulence includes a high-pressure culture that has resulted in heavy turnover. Since top-down instruction still comes from Beijing, employees are confused about...
Latest Briefs
 
Cloud Management Firm Nutanix Lays Off 4% of Staff
By Kevin McLaughlin · Aug. 11, 2022
Activist Investor Builds 7% Stake in New York Times, Urges Subscription Bundle Push
By Stephen Council · Aug. 11, 2022
BlackRock Launches Bitcoin Trust for Big Clients
By Aidan Ryan · Aug. 11, 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.
Illustration by Jesus Escudero.
Exclusive Venture Capital Startups
Debt Is Back for Startups Shut Out of IPO Market
By Maria Heeter
Tech startups that had been eager to go public this year have been forced to put those plans on ice amid the market meltdown.
Art by Clark Miller
The Big Read
‘He’s Making Up a World He Wants to Attack’: How Vivek Ramaswamy Became a Right-Wing Culture Warrior
By Michelle Celarier
Riley Moore had never met the man seated next to him. The state treasurer of West Virginia, Moore had come to a conservative retreat in the state’s storied Greenbrier resort in May 2021 to talk about a letter he and 14 other Republican state treasurers had just written to the Biden administration’s climate envoy, John Kerry.
Art by Clark Miller.
Venture Capital Startups
Venture Capital’s Limited Partners Warn of Fundraising Slowdown
By Kate Clark
The era of easy money could be over for venture capital firms. Although VC fundraising has so far matched last year’s brisk pace, limited partners—the people and institutions that invest in VC funds—say a slowdown is afoot.
Photo by Alaska Air Group.
Facebook
For Meta’s Next CFO Susan Li, Metaverse Dreams Mean Real-World Challenges
By Sylvia Varnham O'Regan
When Meta Platforms reported its first-ever quarterly revenue decline last month, the Facebook parent company also made a key promotion with little fanfare: 36-year-old finance executive Susan Li would become chief financial officer in the fall, replacing longtime CFO Dave Wehner, who held the role for eight years and would transition to a strategy role.
Enterprise Power List Venture Capital Enterprise
Introducing The Information’s Enterprise Tech Power List
By Kevin McLaughlin, Aaron Holmes and Amir Efrati
The biggest battle in tech is happening where most consumers can’t see it: the cloud. And a new cast of executives and investors are increasingly calling the shots—making decisions about the future of the battle with trillions of dollars at stake.
From left, DataRobot executives Tom Levey, former CEO Dan Wright and CFO Damon Fletcher. Fletcher and Levey are departing. Art by Mike Sullivan
Exclusive
DataRobot’s CFO, Three Other Senior Execs Depart Amid Fallout Over Share Sales
By Kevin McLaughlin
The chief financial officer and several other senior executives at artificial intelligence startup DataRobot have resigned as the company prepares a second round of layoffs this year, according to two people with knowledge of the situation.