TiKTok-Parent ByteDance Generated Nearly $7 Billion in Cash
The company is also buying back stock from employees at a price that implies a valuation of about $223 billion.
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Recent Editions
Instacart, Facing Slowing Growth, Sees Stock Drop Sharply
Instacart's parent company saw its second-worst day since going public Sept. 19.
X Signs Live Shopping Deal with Paris Hilton
Linda Yaccarino is trying to court talent partnerships in an attempt to revive X’s fallen ad revenue.
Amazon Plans AI Chatbot for Search
The chatbot is the latest example of how Amazon is weaving generative AI into its e-commerce site.
Flexport Asked Dave Clark to Sign NDA After Ouster as CEO
Flexport and Dave Clark also engaged in bizarre legal wrangling around an alleged whistleblower.
TikTok Is Testing a $5-Per-Month, Ad-Free Version of Its App
TikTok's test is still in a very early stage and in one market outside of the U.S., said a person with direct knowledge of the matter.
Microsoft Was Willing to Lose $15 Billion Annually to Win Apple Search Deal
Google’s search deal with Apple has made it difficult for Bing to compete, Nadella said.
Tesla Deliveries Decline in Third Quarter
Tesla said factory downtime contributed to production slowdown
Big Tech Critic Luther Lowe Leaves Yelp
Lowe has been a key figure in convincing officials to pursue antitrust enforcement against tech companies.
Following Probe, SEC Won’t Recommend Enforcement Action Against Bolt
The SEC spent more than a year investigating whether federal securities laws had been violated in connection with statements made when Bolt was raising money.
Marc Lore’s Wonder to Buy Blue Apron for $103 Million
Blue Apron, which went public in 2017 at a valuation of $1.9 billion, had struggled in recent years amid mounting competition from competitors like Hello Fresh and Amazon.
X’s Daily Active Users Have Dropped Since Musk Bought Company
The decline in users could complicate Musk and X CEO Linda Yaccarino’s efforts to turn around the company.
Jasper Cuts Internal Valuation, Revenue Projections
Jasper AI CEO Dave Rogenmoser stepped down from the company on Thursday.
Sarah Guo’s VC Firm Purchases AI Chips for Startups
The few VC firms that have acquired access to the in-demand chips are taking on the risk their price will drop.
Microsoft Reportedly Tried to Sell Bing to Apple in 2020
The revelation comes as the Justice Department seeks to prove that Google violated antitrust laws by abusing its dominance over the search market.
France Searched Nvidia Office in ‘Anti-Competitive’ Probe
Nvidia has been leveraging its AI hardware dominance to launch its own cloud services.
Epic Games Sheds 830 Employees, Sells Music and Ad-Tech Businesses
Separately, both Epic and Apple asked the Supreme Court to review lower-court rulings in their antitrust battle.
Y Combinator Laid Off Admissions Team
YC cut a small team overseeing admissions to the accelerator this summer, another indicator that YC's new president is focused on bringing back the old days.
OpenAI and Jony Ive in Talks to Raise $1 Billion from SoftBank for AI Device
No deal has been agreed upon yet, and it could be several months before a venture is formally announced.
Musk’s X Cuts Half of Election Integrity Team After Promising to Expand It
The cuts come less than a month after the company said it would expand the team and as X faces renewed criticism from the European Commission over the volume of misinformation on its platform.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy