Brad Stone / Bloomberg:
How Tobi Lütke led Shopify to becoming an e-commerce giant, helping ~2M merchants run stores as its market cap rose from $46B in early 2020 to $174B today — Tobi Lütke transformed the Canadian upstart into an e-commerce giant by being the anti-Bezos. How long can the formula keep working?
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Thursday, December 23, 2021
How Tobi Lütke led Shopify to becoming an e-commerce giant, helping ~2M merchants run stores as its market cap rose from $46B in early 2020 to $174B today (Brad Stone/Bloomberg)
A look at attempts by TikTok's biggest stars to expand onto other platforms, including Charli D'Amelio's Hulu docuseries, often with mixed results (Jon Caramanica/New York Times)
Jon Caramanica / New York Times:
A look at attempts by TikTok's biggest stars to expand onto other platforms, including Charli D'Amelio's Hulu docuseries, often with mixed results — This year, the app's biggest stars — Charli and Dixie D'Amelio, Noah Beck, Addison Rae and others — leapt from the phone screen to other platforms …
Sources: Lina Khan is advancing an FTC investigation into AWS, started in 2019, including whether AWS discriminates against non-exclusive clients (Bloomberg)
Bloomberg:
Sources: Lina Khan is advancing an FTC investigation into AWS, started in 2019, including whether AWS discriminates against non-exclusive clients — The U.S. Federal Trade Commission is pushing forward with antitrust scrutiny of Amazon.com Inc.'s cloud computing business, according to people familiar with the matter.
Sources: Vista Equity will acquire a majority stake in SalesLoft, which offers sales engagement tools, at a $2.3B valuation; SalesLoft has $100M+ ARR (Laura Cooper/Wall Street Journal)
Laura Cooper / Wall Street Journal:
Sources: Vista Equity will acquire a majority stake in SalesLoft, which offers sales engagement tools, at a $2.3B valuation; SalesLoft has $100M+ ARR — The deal comes as technology-focused Vista is gearing up to raise its largest buyout fund yet — Vista Equity Partners is taking …
Intel apologizes following backlash after telling Chinese suppliers to avoid Xinjiang labor, saying it only did so to "ensure compliance" with US law (Bloomberg)
Bloomberg:
Intel apologizes following backlash after telling Chinese suppliers to avoid Xinjiang labor, saying it only did so to “ensure compliance” with US law — - Brand ambassador Wang Junkai cuts ties with the U.S. chipmaker — Intel asked suppliers not to use labor, products from Xinjiang
Sources: private capital giant Apollo Global has shorted loans and rapidly cut exposure to the enterprise software sector in 2025 amid concerns over AI threat (Financial Times)
Financial Times : Sources: private capital giant Apollo Global has shorted loans and rapidly cut exposure to the enterprise software sect...
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Amrith Ramkumar / Wall Street Journal : An interview with White House OSTP Director Michael Kratsios, a Peter Thiel protégé confirmed by ...
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The first project we remember working on together was drawing scenes from the picture books that our mom brought with her when she immigrate...