Shein, Temu Sales Fell After Trump Shut China Trade ‘Loophole’
The White House’s abrupt move sent direct-from-China sellers scrambling.
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Recent Editions
Olipop Boosts Valuation to $1.85 Billion in New Funding Round
The trendy soda brand will use the funding for product development and expanding distribution.
Alibaba Shares Jump 8.5% in Hong Kong on Apple Partnership
Apple needs a local partner in order to launch AI features for iPhone users in China.
Nvidia Challenger Raises $11 Million From Valor Equity, Atreides, Others
Valor and Atreides have invested in companies started by Elon Musk and this week joined his bid for the assets of OpenAI’s nonprofit.
Lyft Shares Sink on Tepid First Quarter Forecast
The ride-hailing company blamed winter weather and lower pricing.
DoorDash Reports 25% Higher Revenue in Q4
The food delivery platform grew sales by 25% in the fourth quarter and reported positive net income for the period, an improvement from a year ago.
Meta Considers Acquisition of Korean AI Chip Startup
A deal could be finalized this month, according to Forbes.
Shopify Projects Shrinking Margins
The e-commerce company said it wanted to keep investing in growth.
Meta Curbs Privacy Teams’ Sway Over Product Releases
Company executives said privacy reviews, which were imposed after high-profile scandals, have slowed product launches.
Lyft to Start Offering Autonomous Vehicle Rides With Mobileye
The rideshare company previously offered AV rides in Las Vegas
Plaid Enlists Goldman for $400 Million Secondary Sale
Fintech startup Plaid has hired Goldman Sachs to arrange a sale of shares held by employees and early investors.
France to Announce More Than $100 Billion in AI Investments
That kind of investment could help ensure AI companies in the country remain competitive by expanding the number and capacity of data centers to train and run AI software.
OpenAI Board Will Reject Musk’s $97 Billion Takeover Bid, CEO Says
Musk's bid follows months of legal battles between himself and OpenAI.
TikTok CEO Met With White House About Deal
TikTok CEO Shou Chew reportedly met with senior White House officials last week about a proposed deal for the app's U.S. operations.
Musk Says He’s Not Interested in Buying TikTok U.S.
The billionaire Tesla CEO and Trump confidant says he prefers to build companies.
FBI Nominee Patel Owns Shares in the Company That Controls Shein
Patel told the Senate he does not plan to divest the shares.
Founders Fund to Invest $1 Billion into Anduril at $28 Billion Valuation
Public investor Sands Capital is also considering investing
General Catalyst, MGX to Invest in Anthropic’s $2 Billion Fundraise
General Catalyst is considering investing in Anthropic as part of a $2 billion round led by Lightspeed Venture Partners.
Amazon Cuts ‘Inclusion and Diversity’ From Annual Report
The words “diversity” and “inclusion” no longer appear in the "Human Capital" section of Amazon's annual report.
Meta Platforms Readies Staff for Layoff Announcement Monday
The company is due to cut 5% of its employees, or about 3,600 people, on February 10.
Weekday mornings
The Information AM by The Information Staff
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