Instagram head Adam Mosseri will temporarily relocate to London to recruit more staffers as competition with TikTok heats up, the Financial Times reported . News of the move comes after Mosseri said last week that Instagram would scale back the number of recommended posts in users’ feeds and pause its test of full-screen photos and videos, which made the app feel more like TikTok. The feed...
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Blackstone Plans to Back Tech Startups in $2 Billion–Plus Lending Push
Private equity giant Blackstone is gearing up to make its first major push into lending to startups and technology companies—joining a corner of the debt market that’s quickly heating up. The firm expects to invest at least $2 billion in technology debt deals over the next few years, including venture debt, deals with pre–initial public offering startups and deals with...
Warby Parker Slashes Revenue Guidance, Moves Forward With Brick-and-Mortar Expansion
China Investigates Executives at Big Semiconductor Investment Fund
SoftBank Expects $34 Billion Gain From Sale of Alibaba Shares
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