Summit Partners Halts Credit Investments
The investment firm has put credit investments on pause
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Recent Editions
Digital Media Firm Puck Appoints CEO
Puck has hired former Twitter, Meta and Refinery29 executive Sarah Personette as its CEO. It reportedly generated more than $10 million in revenue last year.
Coatue Management to Shutter London Office
Cannon, a partner at Index for four years before joining Coatue as a general partner in early 2022, is leaving the firm.
Global Venture Investments Fall to Six-Year Low
For the fourth quarter, investments in retail and fintech picked up.
Amazon Hires Disney Veteran to Lead Prime Video Ads
At Disney, Helfand oversawt ad sales across all the company’s interactive businesses, including Hulu, Disney+ and ESPN.
Design Startup InVision, Once Valued at $2B, Is Shutting Down
InVision raised $350 million from investors including Spark Capital and Goldman Sachs
Sequoia Capital’s Split From China Affiliate is Officially Complete
The split comes amid a growing geopolitical conflict between the U.S. and China.
OpenAI To Launch Chatbot Store Next Week
OpenAI first announced its upcoming GPT Store during its developer day last November.
SpaceX Accused of Unlawful Firings By Federal Agency
A hearing is scheduled with the National Labor Relations Board for March.
Peloton and TikTok Strike Content Partnership
The deal will house live classes and content from Peloton instructors in a hub on the TikTok app.
Microsoft Adds Copilot Key to Windows Keyboards for Summoning AI Assistant
Microsoft will debut the new key at the CES tech conference next week.
Electric Carmaker Fisker Drops Direct To Consumer Sales Model
Fisker has struggled to deliver its cars to customers, which are built in a factory in Austria and shipped to the U.S.
Mobileye Stock Plunges on Lower 2024 Revenue Projection
Mobileye said customers held "excess inventory" which would result in revenues falling this year by as much as 12%.
Facebook Introduces Link History Setting on Mobile App
The feature offers an opt-out, but the data is used for targeted ads.
T-Mobile Will Offer Hulu for Free to Some Customers
T-Mobile and its rival Verizon are aggressively cutting deals with streamers as the owners of those services are seeking distribution and revenue support.
Intel Spins Out Generative AI Software Group
The new company will work with customers that use artificial intelligence chips from competitors, including Nvidia and Advanced Micro Devices.
SpaceX Launches New Starlink Satellites
Six of the new satellites will offer direct to cell service, allowing launch of SpaceX's deal with T-Mobile.
The Board of the News Startup The Messenger Mulls Shutting It Down
The Messenger raised $50 million last year but is reportedly facing "dwindling" cash reserves and announced layoffs this week.
MicroStrategy’s Saylor Will Sell Over $200 Million of Stock
MicroStrategy's stock price has soared more than 300% in the past 12 months as bitcoin has rallied.
Disney Strikes Deal With ValueAct While Another Ally Seeks Board Seats
ValueAct expressed support for Disney CEO Bob Iger while Blackwells, which has also expressed support, nominated three people for election to the board.
Weekday mornings
The Information AM by The Information Staff
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