Reddit Targets $15 billion IPO As Soon As March
Reddit, which helped fuel the meme stock craze that kicked off last year, was privately valued at $10 million in an August funding round.
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Andreessen Horowitz Raises $9 Billion for Three New Funds
The fundraise reflects the VC firm’s long-term confidence in the growth of the private tech market.
Katie Haun Looking to Raise $900 Million For Crypto Funds
The fundraise would represent one of the biggest debuts for a new VC firm.
GameStop Enters NFT Frenzy With New Marketplace
The video game retailer is reportedly building its own NFT marketplace as part of a turnaround strategy in a move that should play well with meme-stock investors.
Roku’s Head of Platform Business Departs
Scott Rosenberg is leaving the company at a time when Roku is facing increased competition from the likes of Google and Amazon.
China Ramps Up Pressure on Walmart with Cybersecurity Warning
U.S. companies operating in China are finding themselves in the crossfire as they try to navigate growing political tensions between Washington and Beijing.
NYT To Buy The Athletic for $550 Million
Shares in The New York Times rose nearly 5% after a report by The Information, which the newspaper later confirmed.
Samsung Expects 52% Rise in Quarterly Operating Profit
Samsung's strong results reflect solid demand for semiconductors amid a continuing global chip supply shortage.
Google Barred From Importing Devices Violating Sonos Audio Patents
After two years of public battles, Sonos can rightfully call Google a copycat.
BuzzFeed Puts Complex Leaders in Charge of Revenue
Complex Networks' Christian Baesler is the new COO of BuzzFeed, among several other notable role changes at the company.
Gaming Trade Show E3 Cancels In Person Plans For Third Year
The Entertainment Software Association will again host an online event this summer
Banking App Dave Shares Rise 9% in Public Listing After SPAC Merger
The consumer finance startup is testing the public markets ahead of expected listings from other challenger banks such Chime and Revolut.
U.S. VC Investments Reach $330 Billion in 2021, Doubling Previous Record
Some investors warn of a coming market slowdown in 2022 as startup valuations reach record highs.
WarnerMedia, ViacomCBS Eye Sale of CW Network
The companies are in talks with Nexstar to buy the network.
France Fines Meta and Google $240 Million For Too Many Cookie Clicks
France fined Google and Meta over how many clicks are required for users to refuse data-tracking cookies when visiting the company platforms.
Vietnamese EV Maker VinFast Plans U.S. Battery Plant
The company, part of the Vingroup conglomerate, is launching sales of its electric SUV in the U.S. later this year.
OpenSea Valued at $13.3 Billion in Round Led by Paradigm, Coatue
OpenSea’s $300 million infusion gives it a valuation of 13.3 billion, eight times higher than the valuation it received at its last funding round in July.
Collaboration Startup Miro Valued at $17.5 Billion After New Funding
Miro, an 11-year-old company that sells cloud-based work collaboration software, has seen its business expand dramatically during the pandemic.
Tokyo Game Developer Buys Stake in ‘Avengers: Endgame’ Directors’ Entertainment Firm
The deal values AGBO, which was co-founded by Joe and Anthony Russo, at $1.1 billion—the latest in a string of pricey investments in Hollywood content firms.
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