Sequoia Had $1 Billion in SVB Deposits When Bank Was Seized
Sequoia Capital had $1 billion deposited in Silicon Valley Bank when it imploded this spring.
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Recent Editions
Cloud Networking Startup Aviatrix Switches CEOs
The move comes as Aviatrix is looking to raise its profile in the cybersecurity market and compete with companies like Palo Alto Networks.
Biden Officials Concerned About Chinese Cloud Providers’ Data Access
The government is worried that leaders in Beijing could use Chinese data centers to access sensitive information.
Amazon’s iRobot Acquisition Likely to Face Full-Scale EU Probe
iRobot shares closed more than 25% below Amazon's proposed acquisition price, indicating skepticism from investors that the deal will go through.
Robinhood Acquiring Credit Card Startup X1
The acquisition is part of Robinhood’s effort to expand its product line beyond trading.
Fortress to Acquire Digital Media Brand Vice out of Bankruptcy
Fortress was Vice's biggest creditor and other firms failed to top its offer of $225 million.
TikTok Responds to Senators’ Questions Over Creators’ Data
TikTok’s letter addressed a news report that the company had stored creator data in China.
Twitter Resumes Paying Google Cloud Bill
Twitter is now negotiating a broader partnership with Google involving advertising and access to Twitter’s API.
Anchorage Digital Disables Trading for Filecoin
Anchorage, which offers trading for big crypto investors, told customers earlier this month they could no longer trade filecoin as of June 6.
Google Accuses Microsoft of Anticompetitive Cloud Practices in Submission to FTC
Google previously complained about Microsoft’s cloud licensing practices to European regulators.
FTC Sues Amazon For ‘Manipulative’ Prime Signup Process
Amazon made the Prime cancellation process so difficult and slow that it was internally called “the Iliad,” the FTC’s complaint alleges.
TikTok Begins Selling Its Own Products in the U.K.
Parent company ByteDance would be able to use data from popular videos to manufacture viral products, a FT report said.
Warner Bros. Discovery in Talks for Program Deal With Netflix
The potential deal reflects an effort by WBD’s management to boost revenue, even at the expense of hurting its Max streaming service’s competitiveness.
Ex-Y Combinator Partner, Ex-GitHub CEO Raised AI Venture Fund Worth $1 Billion
To win deals, the hotshot duo is offering access to Nvidia's latest chips.
Google and OpenAI Talk to Publishers About Licensing Content For AI
Some of the world’s largest media publishers want AI companies to pay them to use their content to develop AI.
Big Name Producer Ryan Murphy to Leave Netflix for Disney
Murphy was responsible for one of Netflix's most watched original series in its history.
Carlyle’s New CEO Taps Insider as Next Finance Chief
John Redett, a 16-year veteran of the firm, is Harvey Schwartz’s first major hire.
Amazon to Sell DPReview, a Photography Site It Planned to Shut Down
DPReview, a niche destination for photographers, is being sold to Gear Patrol; Amazon owned it for 16 years.
KKR to Buy Up to €40 Billion of PayPal’s European Buy Now, Pay Later Loans
PayPal plans to boost its stock-buyback plan by $1 billion after deal closes.
Alibaba Group Replaces CEO and Chair Daniel Zhang
The leadership change comes at a time when the Chinese e-commerce giant is going through the biggest overhaul in its 24-year history.
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