Revolut Investor Cuts Firm’s Valuation by 40%
Molten Ventures is the third Revolut investor to mark down its stake in the UK based fintech this year.
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Recent Editions
Longtime NEA General Partner to Depart
Pete Sonsini, a general partner at NEA for almost 20 years, is leaving the firm.
U.S. Regulators Examine Goldman’s Role in Leadup to SVB Collapse
SEC, Fed, Justice Department are looking into Goldman's involvement in SVB's final days.
Disney CFO Christine McCarthy Steps Down
McCarthy will be replaced by Disney veteran Keith Lansberry on an interim basis as the company searches for a full-time successor.
Amazon to Let More Prime Sellers Fulfill Orders Themselves
The move could help convince larger and direct-to-consumer brands with their own fulfillment infrastructure to start selling on Amazon.
EU Seeks Breakup of Google’s Adtech Business
The European Commission alleges that Google illegally abused its dominance in digital advertising.
Music Publishers Sue Twitter for Copyright Infringement
Unlike other social media companies, Twitter has no agreement in place to license copyrighted songs.
Databricks Sales Topped $1 Billion Last Year
Ali Ghodsi, Databricks' CEO, said the company wasn't in a hurry to go public as it invests in new products that it can sell to companies working on AI.
Walmart+ Leader Departs as Competition With Amazon Prime Heats Up
Chris Cracchiolo, an American Express veteran, led the program for two years.
Silicon Valley Law Firm Orrick Lays Off 90, Delays Start Dates
Move is the latest in a wave of cuts and delays for Silicon Valley-based law firms.
Stitch Fix Taps Macy’s and Walmart Vet As New CEO
Matt Baer will be tasked with turning around the struggling online styling service.
Cloudera’s CEO Says He Will Leave
In a town hall meeting, Rob Bearden didn't say who will replace him as CEO of the data management software maker.
AI Startup Mistral Raises Over €105 Million in Seed Round
The funding round for the startup, which hasn’t launched a product, highlights the intense investor interest in generative AI.
AWS Outage Appeared to Affect Delta, McDonald’s and Others
Companies from Shutterfly to Webflow say they are experiencing problems from the outage.
Shopify’s Deliverr U-Turn Started Six Months After Acquisition
The e-commerce giant’s quest to compete more closely with rival Amazon was marked by costly investments and tech that failed to deliver.
Microsoft CFO Says OpenAI and Other AI Products Will Add $10 Billion in Revenue
But she didn’t say how much they would cost.
Reddit CEO Tells Employees To Ignore Blowback
Reddit CEO Steve Huffman addressed the criticism of the company’s increased API pricing in a memo to staff
EToro to Delist Four Tokens for U.S. Customers After SEC Sues Exchanges
The SEC’s lawsuits against Coinbase and Binance contained allegations that the tokens are securities.
Ex-Samsung Employee Accused of Stealing Chip-Making Secrets for China
The indictment ratchets up the confrontation between the U.S. allies and Beijing over semiconductors, which have become a national security issue.
TCV Misses $5.5 Billion Fundraising Goal, Filings Show
TCV joined Insight and Tiger in raising less money than expected for its new fund.
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