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TikTok Shop’s ‘Buy Local’ Strategy Thwarts Chinese Merchants

Over the past six years, a Chinese startup called Tymo built a respectable online business in the U.S. selling hair dryers, curlers and straighteners, mainly on Amazon. Last year, though, it began selling its goods on the U.S. version of TikTok Shop, the viral video app’s new e-commerce platform, after TikTok recruited Tymo’s business. The difference...

Fri Apr 19, 2024 16:09
Why Google’s Android-Pixel Reorg Is a Big Deal

Google CEO Sundar Pichai has been criticized for avoiding tough decisions, but on Thursday he may have resolved one of the biggest questions hanging over the company: what to do about Android, the main rival to Apple as a smartphone operating system. Android has long played second fiddle to the iPhone in the U.S. while dominating globally. But lately,...

Fri Apr 19, 2024 03:09
Lacework’s Fire Sale Tarnishes Sutter Hill’s Incubation Strategy

Cybersecurity company Lacework is in talks to sell to its competitor, Wiz, for between $150 million and $200 million, a fragment of its 2021 valuation of $8.3 billion, Cory and Aaron report. It’s a painful ending for the investors that poured nearly $2 billion into the 9-year-old startup, as well as the employees, who were hoping for a much better outcome.Lacework...

Fri Apr 19, 2024 01:50
MrBeast and Other YouTubers Are Rapidly Inking FAST Deals

It’s very likely that you have heard the term “FAST channel” bandied about recently, considering how often it gets brought up within the streaming industry. These “free ad-supported television” channels have proliferated on internet services like Pluto TV, Tubi and The Roku Channel that carry a continuous feed of video. This 24-hour programming cycle...

Fri Apr 19, 2024 00:35
Musk’s Tighter Grip at Tesla Comes With More Direct Reports

There’s a new order at Tesla: The company said Monday it would eliminate 10% of its workforce, and two key executives who reported directly to CEO Elon Musk have departed. At least 35 people now report directly to Musk, according to Tesla’s internal org chart, which The Information viewed. (See our updated Tesla Org Chart here.) The new additions...

Thu Apr 18, 2024 21:44
Security Startup Wiz in Talks to Acquire Lacework for $200 Million

Cybersecurity startup Wiz is in advanced talks to acquire Lacework, one of its largest private competitors, according to two people with direct knowledge of the talks. The deal values Lacework at between $150 million and $200 million, according to one of the people, a sharp decline from the company’s 2021 valuation of $8.3 billion. The talks come...

Thu Apr 18, 2024 20:00

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