Reddit Plans IPO for March 21
The company is initially seeking a valuation between $5.5 billion and $6.5 billion, or between $31 and $34 a share, the people said.
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The Information AM
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Recent Editions
Trump Cautions Against Banning TikTok
Trump says he doesn't want to help Facebook by getting rid of TikTok.
Microsoft Says Russian Hackers Stole Source Code, Accessed Internal Systems
Russian hackers stole some customers’ secrets that were contained in emails to Microsoft leaders that the hackers accessed, Microsoft said.
OpenAI Execs Discussed Concerns With Board About Altman Before Firing
The executives, Mira Murati and Ilya Sutskever, say they didn't approach the board to get Altman fired.
House Majority Leader Calls for Vote on TikTok Ban Bill Next Week
The bipartisan bill, which was introduced on Tuesday, represents the most serious threat to TikTok’s existence in the United States in years.
Temu Spent $2 Billion on Meta Ads in 2023
The shopping app’s marketing blitz is fueling explosive user growth.
Andreessen Horowitz to Raise Nearly $7 Billion in New Funds
The new funds contain those focused on AI and growth.
Final Bids Due Soon for Bankrupt FTX’s Stake in Anthropic
Perella Weinberg has asked bidders to submit offers at $30 a share or higher
Former Google Engineer Stole AI Chip Secrets For Chinese Firms, U.S. Alleges
The Department of Justice said the former engineer stole trade secrets related to the company’s artificial intelligence chips and data centers.
Apple Shuts Epic’s Developer Account Ahead of Alternate App Stores
Apple’s decision might open itself up to criticism that it isn’t fully complying with the spirit of the law.
Complaints About Facebook and Instagram Account Takeovers Have Dramatically Increased, State Attorneys General Say
The complaints have drained law enforcement resources, a group of state attorneys general representing 40 states and Washington D.C. said in a letter to Meta's top attorney.
Lawmakers: Bill to Remove Chinese Owner Shows “Path Forward” for TikTok’s Survival
The bipartisan bill introduced this week creates renewed pressure for TikTok and highlights the uncertainty the app continues to face in Washington.
AWS Stops Some Cloud Fees, Following Google
A new EU law likely influenced the cloud providers' decision.
OpenAI Says Musk Wanted Full Control of For-Profit
Five of OpenAI’s senior leaders issued a joint statement Tuesday evening rebutting Elon Musk’s claims that the AI startup abandoned its founding mission.
Deel Buys Africa-Based PaySpace as its Revenue Crosses $500M ARR
The payroll provider also said it's been generating cash for the last 18 months.
CrowdStrike Shares Soar on Strong Results, First Annual Profit
Company also said it had agreed to acquire Flow Security.
Bipartisan Bill Would Force ByteDance to Divest TikTok
If ByteDance didn’t divest TikTok within 165 days of the bill passing, it would become illegal for app stores to offer TikTok or for web platforms to host it.
Facebook and Instagram Users Report Outages
Hundreds of thousands of users reported outages across Meta's apps, according to Downdetector.
KKR Taps BlackRock Veteran as Chief Information Officer
The private equity firm has hired Ruchir Swarup as its new technology head
Stitch Fix Forecasts Revenue Drop, Shares Tumble 16%
New CEO Matt Baer has tried to cut costs and restart growth.
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