San Francisco-based Pinterest narrowed its first quarter net loss to $5.3 million and reported revenue that grew 18% to $575 million. The results were in line with the company’s prior growth forecasts and came despite Russia’s invasion of Ukraine, which hurt its advertising business, especially in Europe. Pinterest also reported that its monthly active users rose slightly to 433 million for...
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KKR Has Considered Buying Venture Lender to Expand Startup Debt
Private equity giant Kohlberg Kravis Roberts & Co. is looking to expand its lending to venture-backed startups and has considered buying a venture-focused lender or recruiting a team of professionals focused on such deals, people familiar with the talks told The Information. Some KKR rivals, including Blackstone, have been making a similar push into venture debt, anticipating that tech...
FDIC Issues Cease and Desist Letter to FTX US, Four Other Firms
U.K. Government Blocks Chip Deal by Chinese Firm
China’s Cyber Regulator Wants “Affectionate” Ties With Tech Companies
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