Erin Woo

SpaceX set the price of its employee tender offer at $97 per share, or a valuation on the company of around $180 billion, according to people familiar with the offering. That’s an increase from a price tag of $95 per share discussed last week, according to Bloomberg , which was the first to report the news. SpaceX’s valuation has sky-rocketed in biannual tender offers which allow employees

OpenAI has overhauled how it handles the task of rooting out disinformation and offensive content from ChatGPT and its other products, as worries about the spread of disinformation intensify ahead of next year’s elections. In the weeks since Sam Altman’s reinstatement as CEO, the company appears ...

As a home-schooled teenager in Agoura Hills, Calif., Jordyn Gilbert’s social life revolves around Snapchat. The app—known for the disappearing photos and videos called Snaps that its users share with others—is the default mode of communication for Gilbert and her friends. She estimates she has ...

Today I want to start with the words of Jordyn Gilbert, an 18-year-old in Agoura Hills, Calif.: “For teenage girls, it is one of the most helpful things—but also, honestly, like, really toxic.”Gilbert was talking about Snapchat+, Snap’s subscription product, which recently crossed 7 million ...

Universal Music Group, one of the largest record labels, said on Tuesday that it would stop licensing music to TikTok after the video app’s contract expires on Jan. 31. That would mean that TikTok would contractually have to remove UMG’s music from its catalog of available songs on the app at the end of the day tomorrow, according to a UMG spokesperson. The announcement follows more than a

Snap cut several senior executives in its layoffs announced on Monday, aiming in part to reduce the amount of stock based compensation it pays out to senior people, CEO Evan Spiegel told staff on Monday. The company said it would cut its workforce by 10%, or around 550 employees. Included in the ...

Snap, the parent company of Snapchat, is having a rough week.Snap’s stock plunged 30% in after-hours trading on Tuesday, after the company reported revenue that fell within its own guidance but below stock pickers’ expectations. That followed Snap’s decision to lay off 10% of staff, a move that ...

TikTok has hit a snag in its efforts to bring employees back to its New York City office: bed bugs. The discovery of a bed bug in the office last December, where hundreds of employees are based, has sparked a frenzy among workers fretting about the risks of transmitting bed bugs to roommates and ...

TikTok has shaken up its senior ranks, replacing several senior executives including the person running its trust & safety unit, which handles content moderation, and appointing a protege of CEO Shou Zi Chew to oversee that part of the business, according to people at the company and a memo ...

TikTok’s standoff with Universal Music Group is the latest example of how the app has changed from its roots as a lip-syncing platform toward one more focused on shopping.To recap: Late last month, TikTok and Universal Music Group, one of the biggest record labels in the world, failed to reach ...