Twitch to Cut 35% of Headcount, Around 500 Jobs
The cuts, which Bloomberg reported citing unnamed sources, would be the second major round of layoffs at Twitch in less than a year.
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Recent Editions
SEC Account on X Hacked, Sparking False Report on Bitcoin ETF Approval
The SEC is expected to decide on Wednesday whether to approve Bitcoin ETFs, which could spark mainstream investment in Bitcoin.
X Head of Global Agencies Departs, Just Months After Joining
Carrie Stimmel was one of a group of high-profile advertising executives who joined after Linda Yaccarino became CEO last summer.
Amazon Adds Apple AirPlay-Like Video Streaming Feature
The feature will make it easier for iPhone and Android users to beam video content from their phones onto their televisions through Amazon devices like the Fire TV.
Conde Nast CEO to Testify Against AI Companies Using ‘Stolen Goods'
Condé Nast CEO Roger Lynch will appear in front of a Senate Judiciary subcommittee hearing arguing that AI developers need to pay media firms.
Fox Launches Blockchain Tool to Verify Online Content
Fox launches new AI tool aimed at tracking the use of content by AI services.
Meta Announces Teen Content Restrictions as Political Pressure Mounts
A lawsuit filed last year by a group of state attorneys general alleges Meta designed its products to hook young users with features it knew could be harmful.
EU Regulator Probes Microsoft-OpenAI Relationship
The announcement comes a month after regulators in the UK said they were opening a similar probe into the companies' relationship.
Rent the Runway Cuts 10% of Staff, COO to Depart
The clothing rental company has tried to cut costs as subscriber growth stays flat
Carta Ends Secondary Trading Services After Founder Outcry
The decision ends founder Henry Ward's dreams of creating a stock exchange for privately held shares.
JD.com’s Unit Says It May Have Overstated Revenue
Dada Nexus, a subsidiary of e-commerce giant JD.com, is a major competitor in China's online grocery and delivery sectors.
OpenAI Says Times Lawsuit ‘Without Merit’
The New York Times Co filed a copyright infringement lawsuit against OpenAI in late December.
Shein Hires U.S. Government Relations Chief
The company is looking to soothe lawmaker concerns over labor, data privacy
Apple’s Vision Pro Headset Goes on Sale Feb. 2
The device will cost $3,499, with pre-orders starting on Jan. 19.
Elon Musk Issues Non-Denial to Report on Drug Use
If drugs “actually helped improve” his productivity, he would take them, Musk said.
Twilio CEO Jeff Lawson Steps Down As CEO
Lawson will be succeeded by company president Khozema Shipchandler, Twilio said in a statement.
Carta CEO Acknowledges Protocol Breach in Linear Investor Sale Approach
Linear, which uses Carta to manage its cap table, complained that Carta had reached out to angel investors about selling their shares, without authorization.
Thrive in Talks to Raise $3 Billion
Thrive was active on a number of fronts last year, including on deals involving OpenAI and Stripe.
Microsoft Exec Deanna Templeton Fills OpenAI Board Observer Role: Report
Templeton has been responsible for coordinating aspects of Microsoft’s partnership with OpenAI over the past year.
Synopsys in Talks to Buy Ansys for $35 Billion
The deal could value Ansys at around $400 per share.
Weekday mornings
The Information AM by The Information Staff
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