Benchmark’s Newest General Partner is Former Gaming CEO Victor Lazarte
Victor Lazarte joins Benchmark as its sixth general partner.
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Recent Editions
Lyft Looks for Buyers, Investors in Bikes Division
The bikes business likely won't fetch nearly the $250 million that Lyft paid in 2018.
Stripe Plans to Hire Fewer Than 1,000 Workers Through 2024
Stripe has told investors John Collison must approve any significant hiring plans.
Musk Says Twitter Will Change Logo to ‘X’
Twitter changed its company name to X Corp. earlier this year, and Musk has said that he wants to turn Twitter into “X, the everything app."
AI Companies Adopt Safeguards After White House Pressure
The companies committed to sharing more information about their models and taking measures to reduce their potential harm.
Spotify to Raise its Subscription Price by $1
Word of the increase comes a day after a report that YouTube Music was raising its price, while Apple and Amazon have already raised their prices to the same level.
Amazon Asks Some Employees to Move to Centralized Offices
It’s unclear how many Amazon employees will be affected by the policy, which comes several months after the company ordered corporate employees back to the office three days per week.
ESPN Reportedly Held Talks With the NFL, NBA and MLB for Minority Stakes
Last week, Disney CEO Bob Iger said he's open to finding a strategic partner for ESPN, which is struggling with declining TV revenue and rising sports costs.
FTX Sues Bankman-Fried Alleging Misappropriation of Hundreds of Millions of Dollars
The DOJ also accused Bankman-Fried of sending Caroline Ellison’s documents to the press.
Amazon to Spend $120 Million on Florida Satellite Facility
It's the next step in Amazon's plan to build a satellite-based internet service to compete with SpaceX’s Starlink.
Top Robinhood Engineering Executive to Depart
Senior vice president of engineering Surabhi Gupta joins a number of high-level departures at Robinhood over the past year.
CoinDesk Finalizing Sale for $125 Million
The price tag is lower than what CoinDesk was reportedly fetching earlier this year.
Chime Hires First Chief Product Officer
Madhu Muthukumar was previously a product executive and manager at Notion, Robinhood and Twitter.
Blackstone Passes $1 Trillion in Assets
Private equity firm swung to a profit in the second quarter.
Walmart Offers Half-Off Membership Plans to Shoppers on Government Assistance
Many competing membership and streaming subscriptions have raised prices recently.
TSMC Delays Arizona Facility Start Date Due to Labor Shortage
TSMC is finding it harder to find experienced workers in the U.S., and is sending technicians from Taiwan to train local employees.
Apple Threatens to Pull iMessage From UK
The threat is the latest sign of how tech companies are pushing back at European regulatory changes by limiting the services they offer.
Google Tests AI Tool That Produces News Articles
Google's latest move comes as executives in many industries are trying to figure out the potential impact of generative AI on how businesses operate.
Shake-Up at Sequoia as Five Partners Exit
Departures include former Sequoia Chair Michael Moritz.
Weekday mornings
The Information AM by The Information Staff
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