JD Vance’s former coworkers say the vice presidential candidate wasn’t very good at being a venture capitalist. One person said he was too consumed with his book tour around Hillbilly Elegy to show up to work.
Rivian’s founder on the R2 / R3 roadmap and the company’s $5 billion VW deal.
As CEO David Zaslav looks for ways to improve WBD’s financial situation, sources tell the Financial Times that he’s considering separating WBD’s streaming and movie business from its ailing legacy TV networks — a move that would sequester the new company from a mountain of debt.
[Financial Times]
Patrick Orlando, who once led Digital World Acquisition Corp, lied to the public when he said his SPAC didn’t have a target in its S-1 form. It definitely did: Trump Media, parent company of Donald Trump’s Truth Social. The SEC complaint is chock-full of his texts and emails. DWAC, incidentally, already settled a similar suit.
That’s according to the Financial Times, reporting that Meta is looking to further its partnership with EssilorLuxottica, the owner of Ray-Ban and so many other eyewear brands.
The Ray-Ban Meta smart glasses released last year now support multimodal AI to identify what wearers are seeing. They also sold more in a few months than the previous pair did in two years, according to EssilorLuxottica’s CEO.
[Financial Times]
That’s less than the $20 billion Adobe offered for the design platform company nearly two years ago, but investors buying in the secondary share sale included Coatue Management, General Catalyst Partners, Andreessen Horowitz, and Eddy Cue.
Figma left the Adobe deal with a $1 billion breakup fee, which, along with a big redesign, is part of why CEO Dylan Field remains optimistic.
