Instacart Aims for About $9 Billion IPO Valuation
Instacart is likely giving into what IPO investors demand: a discount.
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Alibaba’s Former CEO Daniel Zhang Steps Down as Head of Cloud Unit
Alibaba, China's biggest e-commerce giant, is going through the biggest overhaul in its 24-year history.
Roblox Announces AI Chatbot
Roblox announced an AI-powered assistant for creators to make better virtual worlds.
Founders Fund Says Flexport’s Petersen Will Stay On as Venture Partner
Petersen will remain on the Founders Fund team as a venture partner, a title typically reserved for investors who work part time at a VC firm.
Square and Cash App Outages Leaves Customers Unable to Make or Receive Payments
Both services were down for parts of Thursday and Friday, though Block, which owns Square and Cash App, said on Friday that it had mostly fixed the issues.
Rent the Runway Cuts Revenue Forecast, Shares Drop 30%
The clothing rental service has tried to turn around its business following the pandemic.
Dave Clark Says Ouster From Flexport Was a Surprise to Him
The former Flexport CEO said an interview that he only got hints that the company's founder was dissatisfied with his performance before his ouster.
Huawei’s New Smartphone Scrutinized Over Advanced Technologies
Huawei's phone reveals that Chinese firms have made significant progress developing its own chips in an effort to wean themselves off of foreign technology.
Former FTX Executive Ryan Salame Pleads Guilty to Criminal Charges
Salame also agreed to forfeit $1.5 billion as part of his plea deal and was released on $1 million bond.
Charter CEO Outlines Possible Post-Disney Future for Cable
Charter's CEO said that without Disney channels, Charter could offer a smaller package of general-entertainment networks that would cost viewers less.
Flexport’s Ryan Petersen Ousts Dave Clark’s Key Lieutenants
The founder moved swiftly to oust former CEO Clark’s top hires after Clark resigned Wednesday.
Second X Brand Safety Head Departs in Months
Elyana Thierry's departure, which has not been previously reported, comes as the company continues to struggle with an advertiser exodus, and as X owner Elon Musk publicly feuds with the Anti-Defamation League.
China’s Tencent Debuts AI Model for ChatGPT-Like Apps
China's biggest internet companies and dozens of young local startups are developing their own AI models as they aspire to become the OpenAI of China.
Google Settles U.S. States’ Antitrust Case Over App Store Fees
The proposed settlement would also resolve litigation brought by a group of consumers.
Dave Clark Resigns as Flexport CEO
The longtime Amazon executive joined the company just over a year ago.
Rippling Ends Relationship With Two Prop Trading Firms
The sites, which multiplied in the last two years, charge users to compete in virtual trading challenges. Regulators have alleged one of the biggest fleeced users.
WeWork to Renegotiate Most of its Leases
The company aims to bring down operating costs by shedding and renegotiating certain contracts.
Thoma Bravo Strikes Deal to Take NextGen Healthcare Private
Deal values NextGen at $1.6 billion.
Data Analytics Software Company Alteryx Explores Sale
Shares of the company jumped, but still lagged far behind where it traded earlier this year.
Clubhouse App Shifts to Audio Messaging With Friends
The pivot follows the startup's layoffs of more than half its staff.
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