Affirm’s Loss Widens as Revenue Growth Accelerates
Affirm’s revenue growth in the June quarter accelerated from the March quarter, helping lift the stock.
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Mastercard, Binance End Crypto Card Partnership
Binance also paused applications for its Visa crypto card, which it offered to users in Europe.
Mortgage Firm Better’s Shares Plunge After SPAC Deal
Still, Better winds up with a significant capital infusion from SoftBank
DOJ Sues SpaceX Over Hiring Discrimination
SpaceX falsely claimed export laws restricted hiring, according to the DOJ.
OnlyFans Users Spent $5.6 Billion on Adult Content Site Last Year
OnlyFans' business is booming as users spent more than $5 billion on the adult content site last year.
Shein and Forever 21 Strike Partnership
The e-commerce giant will acquire roughly a third of Forever 21’s parent company.
SpaceX Works With Cloudflare to Speed Up Starlink Service
Elon Musk's satellite service has historically struggled to provide the same speed of service to dense urban areas where there are more people competing for bandwidth.
TikTok Mulls Banning Links to Outside Commerce Sites
Barring external ecommerce links is a page out of the playbook of TikTok’s Chinese sibling app Douyin.
Nvidia Projects 170% Revenue Growth in October Quarter
The news keeps getting better for Nvidia shareholders.
Live Shopping Startup CommentSold Acquires Popshop Live’s Assets
Live shopping company CommentSold acquired the assets of rival Popshop Live.
HIG Capital to Buy Ascent Logistics From Elliott Management
Ascent, which focuses on fast freight delivery, saw an uptick in demand during Covid
Tiger Global to Sell Stake in AI Startup Cohere
The deal with value the startup at around $3 billion, a 40% markup from the startup's last round
Salesforce Leads Investment in Hugging Face, Doubling Startup’s Valuation
The new round more than doubles the New York-based startup’s valuation from its last fundraising in May 2022.
Former Meta VP Launches AI Startup Sizzle
Jerome Pesenti left Meta last year after four years at the company.
Meta Adds Chronological Stories and Reels for European Users
Meta Platforms said it will soon offer disappearing Stories and short-form Reels in chronological order due to new European Union regulation.
Justice Department Won’t Challenge Thoma Bravo’s ForgeRock Purchase
DOJ had considered bringing a case to block deal on antitrust concerns
IBM Sells Weather Channel App and Weather.com to Francisco Partners
Francisco also bought Watson Health assets from IBM last year
Microsoft to Sell Streaming Rights for Activision-Blizzard Games
The UK regulator will review the new terms of the proposed deal and make a decision by October 18.
Draft TikTok Security Deal Would Have Given Government Unprecedented Control
Among the provisions, the U.S. government would have been able to veto the hiring of any U.S.D.S. executive or ByteDance contracts with vendors.
Zoom’s Shares Rise on Strong Earnings, Big Customer Growth
While Zoom's sales growth has slowed amid the return to working in offices, there are signs that investors' confidence in its future is on the rise.
Weekday mornings
The Information AM by The Information Staff
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