Stitch Fix Taps Macy’s and Walmart Vet As New CEO
Matt Baer will be tasked with turning around the struggling online styling service.
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The Information AM
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Recent Editions
Cloudera’s CEO Says He Will Leave
In a town hall meeting, Rob Bearden didn't say who will replace him as CEO of the data management software maker.
AI Startup Mistral Raises Over €105 Million in Seed Round
The funding round for the startup, which hasn’t launched a product, highlights the intense investor interest in generative AI.
AWS Outage Appeared to Affect Delta, McDonald’s and Others
Companies from Shutterfly to Webflow say they are experiencing problems from the outage.
Shopify’s Deliverr U-Turn Started Six Months After Acquisition
The e-commerce giant’s quest to compete more closely with rival Amazon was marked by costly investments and tech that failed to deliver.
Microsoft CFO Says OpenAI and Other AI Products Will Add $10 Billion in Revenue
But she didn’t say how much they would cost.
Reddit CEO Tells Employees To Ignore Blowback
Reddit CEO Steve Huffman addressed the criticism of the company’s increased API pricing in a memo to staff
EToro to Delist Four Tokens for U.S. Customers After SEC Sues Exchanges
The SEC’s lawsuits against Coinbase and Binance contained allegations that the tokens are securities.
Ex-Samsung Employee Accused of Stealing Chip-Making Secrets for China
The indictment ratchets up the confrontation between the U.S. allies and Beijing over semiconductors, which have become a national security issue.
TCV Misses $5.5 Billion Fundraising Goal, Filings Show
TCV joined Insight and Tiger in raising less money than expected for its new fund.
Google Reportedly Will Face EU Antitrust Complaint Over Advertising Business
The European Union’s competition watchdog will reportedly bring a formal complaint against Google as soon as Wednesday.
Oracle Confirms Cohere Deal, Says AI Startups Will Buy $2 Billion in Cloud Services
The company confirmed The Information’s story from last week.
Salesforce Launches AI Software, Starting at $360,000 Per Year
The tools will become available between this month and October.
Twitter Sends First Comms Email Since Takeover
The email, Linda Yaccarino's first all-staff communication since taking over as chief executive last week, was forwarded to some reporters by Yaccarino's first business hire.
FTC to Sue Microsoft to Block $69 Billion Activision Deal: Report
Microsoft President Brad Smith said the company welcomes the lawsuit because it would speed up the legal process to close the deal.
Reddit Crashes After Thousands of Forums Go Dark
The company told The Information it does not plan on reversing its move to charge developers for API access.
Nasdaq Buys Software Firm Adenza From Thoma Bravo for $10.5 Billion
Thoma Bravo will get cash, a 14.9% stake in Nasdaq and a seat on the exchange operator's board.
JPMorgan Settles Lawsuit With Epstein Victims
Suit had been brought by unnamed victim who alleged she was sexually abused by Epstein for years.
Twitter Isn’t Paying its Google Cloud Bill
The Elon Musk-owned company has been seeking to renegotiate its deals with cloud providers.
Andreessen Horowitz to Open U.K. Office With Crypto Focus
A prominent VC backer of crypto startups says it’s opening a London outpost because of the U.K.’s crypto-friendly climate.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy