Y Combinator’s Garry Tan Goes to the Mat
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Briefing
e-commerce
Instacart Shares Lose Nearly All IPO Gains
Sept. 20, 2023 · 10:03 PM PDT
The decline deflates some hopes for the IPO market.
Briefing
markets
e-commerce
Klaviyo Shares Rise 9% in Public Debut
Sept. 20, 2023 · 2:28 PM PDT
The marketing software company is the third tech firm to go public in the past week.
Briefing
apple
Finance
Apple, Goldman Scuttled Stock-Trading App
Sept. 20, 2023 · 1:35 PM PDT
Apple and Goldman Sachs were working on a stock-trading app for iPhones until markets soured last year.
Briefing
semiconductors
policy
U.S. Commerce Chief: There Is No Evidence That China Can Make Advanced Chips at Scale
Sept. 19, 2023 · 9:35 PM PDT
Commerce Secretary Gina Raimondo's comments come amid questions about whether Washington's efforts to limit China's access to advanced chips are working.
Briefing
Instacart Shares Gain 12% in IPO Debut
Sept. 19, 2023 · 8:45 PM PDT
The long awaited offering is stirring the dormant IPO market.
Briefing
entertainment
YouTube Cuts Off Russell Brand’s Account From Making Money
Sept. 19, 2023 · 6:55 PM PDT ·
1 comment
YouTube blocked actor Russell Brand's account from earning money after accusations from multiple women of rape, sexual assault and emotional abuse.
Briefing
markets
e-commerce
Klaviyo Prices IPO Above Range for $9.2 Billion Valuation
Sept. 19, 2023 · 6:28 PM PDT
The marketing software reportedly priced its IPO at $30 per share.
Briefing
ai
google
Google Boosts Bard Chatbot with Gmail, Docs Features
Sept. 19, 2023 · 4:59 PM PDT
The latest updates to Bard show how Google hopes to compete with ChatGPT and Microsoft.
Briefing
electric vehicles
autonomous vehicles
Elon Musk and Tesla Probed in Federal Criminal Investigation
Sept. 19, 2023 · 1:30 PM PDT
Federal prosecutors are looking back as far as 2017.
Briefing
entertainment
media/telecom
Warner Bros. Discovery’s Max Service to Add Live Sports Tier
Sept. 19, 2023 · 11:44 AM PDT
The new Bleacher Report-branded streaming tier will be free for Max subscribers until early next year, when it will cost $10 extra per month.
Briefing
microsoft
Leaked Microsoft Documents Detail New Xbox Console, Possible Acquisitions
Sept. 19, 2023 · 10:47 AM PDT
Microsoft has subsidized its Xbox unit to make the console competitive with Sony’s Playstation on price.
Briefing
crypto
FTX Sues Sam Bankman-Fried’s Parents to Claw Back Funds
Sept. 19, 2023 · 7:35 AM PDT
The lawsuit alleged that Joseph Bankman and Barbara Fried “exploited their access and influence within the FTX enterprise to enrich themselves.”
Briefing
venture capital
asia
‘Less is More’ in Next Stage of VC Investing in China
Sept. 19, 2023 · 1:56 AM PDT
Chinese venture capitalists' discussions at a major investment conference in Singapore highlight the challenges facing the VC sector.
Briefing
venture capital
startups
CrowdStrike Finalizes Deal For Bionic For About $350 Million
Sept. 18, 2023 · 4:59 PM PDT
Backed by Insight Partners and Battery Ventures, Bionic develops software that helps companies protect applications from security threats
Briefing
Square CEO to Depart in October
Sept. 18, 2023 · 4:43 PM PDT
Alyssa Henry has been Square’s top executive since February.
Briefing
Finance
Instacart Prices IPO at $9.9 Billion Valuation
Sept. 18, 2023 · 3:41 PM PDT
Instacart is taking a big valuation cut from its 2021 fundraising in its long-awaited IPO.
Briefing
markets
e-commerce
Stitch Fix Plans to Shutter U.K. Operations Amid Cost Cutting
Sept. 18, 2023 · 2:49 PM PDT
Walmart alum Matt Baer has been tasked with turning around the former e-commerce darling.
Briefing
Twitter
Musk Says X, Formerly Twitter, Will Charge All Users to Use Platform
Sept. 18, 2023 · 1:43 PM PDT
It’s unclear whether Musk’s remarks on Monday reflect an active effort at the company.
Briefing
microsoft
Microsoft Product Chief Panay Resigns, Said to Take Job at Amazon
Sept. 18, 2023 · 8:23 AM PDT ·
1 comment
Panay oversaw the development of Microsoft’s Surface tablet and, more recently, ran the Windows business.
Briefing
markets
e-commerce
Klaviyo Boosts IPO Valuation Target to Around $9 Billion
Sept. 18, 2023 · 7:12 AM PDT
The increase follows Arm’s strong debut last week.
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