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Art by Clark Miller.

10 Charts That Explain 2025

By Shane Burke and The Information Staff · Dec 29, 2025 6:00am PST · 6 comments
Love it or hate it, artificial intelligence dominated another year in tech. As AI firms like OpenAI and Anthropic raced to release smarter models, the largest tech firms mapped out massive data centers that would guzzle up more energy than tens of millions of American households to power them. “Agent” became the industry’s favorite buzzword for... Love it or hate it, artificial intelligence dominated another year in tech. As AI firms like...
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Poor Tech IPO Performance Clouds Outlook for New Listings

By Cory Weinberg and Valida Pau · Dec 23, 2025 6:00am PST · 1 comment
More than two-thirds of this year’s tech initial public offerings are trading below their listing prices, a poor reception that is casting doubt on the prospects for companies hoping to hit the market next year. The exceptions are the eagerly awaited deals from giants such as SpaceX and Anthropic. Among this year’s stumbles were venture-backed... More than two-thirds of this year’s tech initial public offerings are trading below their listing...
Art by Mike Sullivan
Exclusive

Banks Pitching Mega IPOs Like SpaceX Seek to Limit Mass Selling

By Cory Weinberg and Valida Pau · Dec 17, 2025 6:00am PST · 1 comment
Wall Street is gearing up for three potentially record-setting initial public offerings over the next 18 months. The talk among bankers is not about what SpaceX, Anthropic and OpenAI will do on their big days but about what happens after that, when the companies’ existing shareholders try to unload their multibillion-dollar stakes. Each of the... Wall Street is gearing up for three potentially record-setting initial public offerings over the...
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Dealmaker

Figma's Drunk Elephant in the Room

By Cory Weinberg · Aug 5, 2025 3:48pm PDT · 1 comment
Figma CEO Dylan Field knows people are going to stare at his stock price. “You can’t tell people, ‘Don‘t look at the elephant in the room.’ There’s an elephant in the room — it’s dancing, it’s drunk,” he said in a TV interview the day the company went public last week.But the 33-year-old will have to defy some history if he’s going to get Figma... Figma CEO Dylan Field knows people are going to stare at his stock price. “You can’t tell people,...
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The Briefing

Figma’s Bubble and Apple’s Surprise

By Martin Peers · Jul 31, 2025 5:00pm PDT
What a day! Apple surprised with a much better quarter than it had projected, lifting revenue in the June quarter 10%, thanks to 13% higher iPhone revenue, the best iPhone quarter in four years. Amazon, meanwhile, reported the best growth for its online stores in three years. (See below for more on the quarterly results.) The biggest news today,... What a day! Apple surprised with a much better quarter than it had projected, lifting revenue in...