• Whatnot is in talks to raise a new funding round at a $20 billion valuation

    Whatnot is in talks to raise a new funding round at a $20 billion valuation
    Grant LaFontaine, CEO of WhatnotEugene Gologursky/Getty Images for Fast CompanyLive shopping startup Whatnot is raising a new round of funding, per multiple sources.The latest investment values the startup at roughly $20 billion.The company notched $8 billion in live sales last year.Whatnot is proving there's still room for consumer startups in the AI era.Live shopping startup Whatnot is in talks to raise financing at about a $20 billion valuation, according to people familiar with the matter.Th
  • Your screentime on Instagram is growing, thanks to Meta's AI push

    Your screentime on Instagram is growing, thanks to Meta's AI push
    CEO Mark Zuckerberg said that global time spent on Instagram grew by double digits year over year this quarter.Beata Zawrzel/NurPhoto via Getty ImagesMeta said that time spent on Instagram grew by double digits year over year this quarter.Zuckerberg said that Instagram recommendations are "becoming more personalized" because of AI.Zuckerberg called feeding public content to AI "a key building block" toward personalization.If you can't seem to get off your Instagram scroll, it is not an accident.
  • Zohran Mamdani hints he will continue taking on delivery apps like Uber Eats and DoorDash

    Zohran Mamdani hints he will continue taking on delivery apps like Uber Eats and DoorDash
    Mayor Zohran Mamdani touted the city's efforts to protect delivery workers using apps like DoorDash and Uber Eats.Adam Gray/Bloomberg/Getty ImagesZohran Mamdani said his efforts to protect delivery workers on Uber Eats and DoorDash were working.He said tips for delivery workers increased by $104 million after the city's crackdown.Mamdani said the win was "only the beginning."New York City Mayor Zohran Mamdani isn't done going after delivery apps.Mamdani on Wednesday touted a new city report that
  • Best Madewell coupon codes we've tested in July 2026

    Best Madewell coupon codes we've tested in July 2026
    When you buy through our links, Business Insider may earn an affiliate commission. Learn moreMadewellMadewell has built a loyal following with its collection of elevated everyday clothing, from its best-selling denim and classic tees to dresses, sweaters, handbags, and versatile wardrobe essentials. The brand's timeless aesthetic and focus on quality make it a favorite among shoppers who invest in pieces they'll wear for years. If you're planning to place an order, a Madewell promo code is an ea
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  • Meta is 'throwing spaghetti at the wall' with its AI strategy, one analyst warns

    Meta is 'throwing spaghetti at the wall' with its AI strategy, one analyst warns
    Meta CEO Mark Zuckerberg.Bloomberg/Getty ImagesMeta's stock is tumbling as its AI bets wipe out most of its free cash flow.One analyst said its latest AI rollouts feel like "throwing spaghetti on the wall."Meta says its AI investments are accelerating its core business, and there's much more to come.Meta's AI strategy is, once again, worrying investors.The social media giant's stock tumbled 10% on Wednesday after it disclosed that its capital expenditure growth far outpaced revenue growth.Meta h
  • Meta’s AI bets are swallowing almost all its free cash flow

    Meta’s AI bets are swallowing almost all its free cash flow
    Meta CEO Mark Zuckerberg.Andrew Harnik/APMeta's free cash flow plunged 91% from the previous year as its AI infrastructure spending surged.Its advertising revenue still jumped 27% year-over-year, showing that some AI bets are paying off.Meta expects to spend as much as $145 billion on capital expenditures this year.The infrastructure behind Meta's AI-powered advertising machine is swallowing almost every dollar of cash the company produces.Meta said on its Wednesday earnings call that its free c
  • Best Chewy promo codes in July 2026: New customers get a $25 gift card

    Best Chewy promo codes in July 2026: New customers get a $25 gift card
    When you buy through our links, Business Insider may earn an affiliate commission. Learn moreChewyChewy is one of the largest online pet retailers, making it easy to shop for food, treats, toys, medications, and other essentials for dogs, cats, birds, fish, reptiles, and small pets. With thousands of products from leading pet brands in one place, it's a convenient option whether you're restocking everyday necessities or trying something new. Before you check out, a Chewy promo code can help you
  • Mark Zuckerberg's 'AI is great, really' PR campaign is in full swing. Here's a better idea.

    Mark Zuckerberg's 'AI is great, really' PR campaign is in full swing. Here's a better idea.
    Meta CEO Mark Zuckerberg wants people to think about AI's upside, and ignore the haters.Bloomberg/Getty ImagesMark Zuckerberg is doing a big AI PR push.That includes a new ad, op-eds and interviews for old media outlets, and a Wall Street pep talk.It's unclear if any of that will move the needle. Why not try cold, hard cash?Many Americans are very concerned about AI. Can Mark Zuckerberg change their minds?That is what the Meta CEO is trying to do, via a persuasion campaign: Last week, the compan
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  • Microsoft keeps capex forecast unchanged, becoming one of the first data center giants to hold the line on AI spending

    Microsoft keeps capex forecast unchanged, becoming one of the first data center giants to hold the line on AI spending
    Microsoft CEO Satya Nadella.Sven Hoppe/picture alliance via Getty ImagesMicrosoft held its AI capex forecast steady, sending its shares surging. Last week, Google raised its capex projection again.Microsoft is one of the first tech giants to step away from the ever-rising AI capex spending spree.Microsoft kept its capex forecast unchanged on Wednesday, becoming one of the first data center giants to hold the line on the industry's runaway AI spending spree.The stock surged about 8% on the news.

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