Laura Mandaro
Managing Editor, News and Talent at The Information
Managing editor, news and talent, @theinformation. Previously @forbes, @usatoday, @marketwatch. We are hiring! [email protected]. Profile pic: Erin Beach
Articles
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1 week ago |
theinformation.com | Laura Mandaro
Source: The InformationInstacart said Thursday that revenue rose 9% to $897 million in the first quarter, boosted by higher orders and an acceleration in ad sales. The delivery company said gross transaction value for the first three months of the year rose 10% to $9.1 billion, slightly higher than the median of its own forecast, as customers placed more orders but spent less per order. The number of orders rose 14%, the fastest growth in 10 quarters.
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2 weeks ago |
theinformation.com | Laura Mandaro
Source: BloombergElon Musk’s XAI Holdings, formed from merging his xAI startup with social media company X, is in talks to raise $20 billion, Bloomberg News reported. The new investment could value the combined company at $120 billion, the report said. The giant round could be used to pay down some of the debt that X, then called Twitter, took on when Musk took it private in a leveraged buyout three years ago.
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1 month ago |
theinformation.com | Laura Mandaro
Source: ABC President Donald Trump on Sunday indicated more tariff hikes were coming for semiconductors and other electronics items following an announcement late Friday that many would be exempt from recently announced tariff increases. “There was no Tariff “exception” announced on Friday,” Trump wrote on the social network Truth Social.
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1 month ago |
theinformation.com | Laura Mandaro
Source: The InformationThe Trump Administration late Friday said it would exempt smartphones and certain electronics components from its “reciprocal” tariff increases that increased levies on some items from China to as much as 145%.
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1 month ago |
theinformation.com | Laura Mandaro
Source: Fox Business News Treasury Secretary Scott Bessent said delisting Chinese stocks from U.S. exchanges was a possibility. “Everything is on the table,” he said in an interview with Fox Business Network’s Maria Bartiromo Wednesday morning about the Trump Administration’s moves to impose steep tariffs on Chinese goods. There are 286 Chinese companies listed on U.S. exchanges, according to the U.S.-China Economic and Security Review Commission, a Congressional panel.
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RT @steph_palazzolo: Fidji Simo, Instacart's CEO, will inherit a lot when she joins OpenAI as its new CEO of Applications—specifically, an…
There's a long history of founders getting supervoting shares, but the startup founded by OpenAI's ex-CTO has an unusual structure even by those standards. Via @steph_palazzolo @nmasc_ https://t.co/GLhtmGkru0
RT @aaronpholmes: At @theinformation's Financing the AI Revolution event, investors @Fidelity and @Atreidesmgmt say they wouldn't invest in…
