Seed Firm NFX Raises $450 Million
The news comes just two weeks after Greylock Partners raised $500 million in a heated, ongoing battle for seed deals.
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Recent Editions
Instagram Launches New Video-Focused App Instagram TV
Instagram is redoubling its focus on video by combining two of its video features and launching a new video-focused app.
Facebook Whistleblower Calls for Government Oversight of Facebook
Frances Haugen, a former project manager at Facebook, testified before a Senate hearing Tuesday.
Tesla Ordered to Pay $137 Million Over Racial Taunts
A federal grand jury found Tesla failed to stop racism targeting a Black elevator operator in its Fremont, California auto plant.
Facebook Apologizes for Outage, Blames Faulty Network Configuration
The massive outage had a cascading effect, impacting businesses that relied on Facebook’s apps to conduct business.
Rent the Runway Files to Go Public
The fashion rental platform's public filing shows revenue shrinkage, deep net losses and mountains of debt.
Facebook Again Seeks Dismissal of FTC’s Antitrust Case
Getting the case thrown out would give Facebook a much needed win.
Hulu President Departs, Eyes Peacock Job
The company has yet to announce a permanent replacement for Kelly Campbell, who is leaving effective immediately.
Global Outage Takes Down Facebook, Instagram and WhatsApp
For the second time in seven months, Facebook is dealing with a major service outage that has rendered several services inaccessible for users around the world.
Ozy CEO Says Company Isn’t Shutting Down After All
Carlos Watson's announcement on NBCUniversal's "Today Show," is the latest in a bizarre turn of events around the digital media company.
Southeast Asia’s Grab Raises Stake in Payment Firm Ovo
The move will intensify the battle in Indonesia's digital payment market between Grab and its major rival GoTo.
Jeff Bezos Invests in Indonesian E-commerce Startup Ula
The deal marks the Amazon founder's first personal investment in Southeast Asia's fast-growing e-commerce sector.
Covid in Vietnam Delays iPhone 13 Delivery
The delays show how widespread has been the disruption to global supply chains caused by the epidemic.
Facebook Whistleblower Reveals Her Identity
Former product manager previously worked on Facebook's Civic Integrity team.
Coinbase, Compound Reveal Glitches With Customer Accounts
This is one of many recent crypto-mishaps.
Electric Vehicle Maker Rivian Files for IPO
The maker of electric pickup trucks and SUVs, which has a deal to deliver 100,000 vans to Amazon by 2025, lost $994 million in the first half of this year.
Ozy Shuts Down
Less than a week after a New York Times exposé catapulted it into the mainstream, the digital media company Ozy is shutting down.
Instacart CRO Seth Dallaire Leaves for Walmart
Walmart deals a blow to Instacart as the companies increasingly go head to head in selling advertising based on commerce data.
Biden Admin Wants to Regulate Stablecoin Companies as Banks
This kind of regulation would focus on stablecoin issuers like Circle, Tether and Paxos.
Google Scraps Plans for Checking Accounts
Google had planned to work with larger banks like Citigroup and digital banks like BM Technologies (previously BankMobile) and Green Dot.
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