Thrive Capital, the venture capital firm founded by Joshua Kushner, has raised $3 billion across two new funds, the firm announced on Thursday. The fundraise includes $2.5 billion for late-stage investments and $500 million for early-stage deals. The new funds bring the New York firm’s assets under management to approximately $16 billion. Founded 12 years ago, Thrive is best known for its...
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Data Point Amazon Markets
Why Amazon Is Giving Employees Record Amounts of Stock, Even as It Trims Head Count
At a moment when Amazon’s overall workforce is shrinking, the company is awarding stock to employees at a record-breaking clip to keep top talent from heading for the exits. Amazon granted 138 million restricted stock units to employees in the second quarter, as the chart above shows—an 82% increase from the number of restricted shares for employees it issued during the same period...
Microsoft Lays Off 200 People in Family-Focused App Business Amid Broader Belt-Tightening
Unity Announces China Joint Venture With Partners Including Alibaba, ByteDance
Former Twitter Employee Convicted of Spying for Saudi Arabia
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