DCG CFO Steps Down, Q1 Revenue Drops
Without the lending arm of Genesis, DCG’s main money makers are its subsidiaries Grayscale, a crypto investment firm, and Foundry, a crypto mining company.
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Recent Editions
Robinhood Criticized by AMC CEO for False Bankruptcy Alert
The brokerage app briefly told users on Monday that AMC Entertainment had filed for bankruptcy, according to AMC CEO Adam Aron.
Coinbase Launches International Exchange Offering Perpetual Futures
The exchange will not be open to U.S. investors and that the products will initially be available with up to five times leverage.
Uber Revenues Rise 29% as Ride-Hailing Business Expands
Uber's food-delivery business is growing slowly, while ride-hailing continues to expand.
Chegg Shares Plunge 38% After ChatGPT Warning
Disruptive software firms are being disrupted.
Prospects of Vice Media Bankruptcy Rises as Sale Process Drags On
A bankruptcy filing would be an ignominious end for the media company, which was once valued as high as $5.7 billion.
AI Pioneer Geoffrey Hinton Quits Google
The prominent researcher left in order to speak freely about the risks of AI.
Popular NFT Marketplace Blur Launches Lending Service
The launch comes months after various cryptocurrency lending companies collapsed through 2022 and early 2023.
Photo-Sharing App Poparazzi Is Shutting Down
The social media app encouraged users to post candid photos of their friends.
SoFi Revenue Grows 43% as Loss Narrows
The financial-services firm said it expects to become profitable in the fourth quarter.
Alibaba Founder Jack Ma Takes Up Visiting Professor Role in Japan
Ma's whereabouts and what he is doing have become a subject of controversy and speculation since he largely disappeared from public view a few years ago.
Regulators Seize First Republic Bank, Sell to JPMorgan Chase
JPMorgan's acquisition of First Republic brings to an end weeks of questions about the fate of the San Francisco bank.
Sequoia Capital Hired National Security Advisory Firm as China Deals Draw U.S. Scrutiny
U.S. politicians have been saber-rattling about American investors funding key Chinese tech startups
Apple Drops Lawsuit Against Former Chip Executive Over IP Theft
Apple's request for a dismissal might suggest it will also drop its pending case against Rivos, another chip startup accused of intellectual property theft.
Coinbase CEO’s Pay Shrinks as Stock Slides
Coinbase stock fell 86% in 2022, with shares falling from roughly $250 to start the year to $35 at the end.
Fed’s SVB Report Signals Tighter Regulations Could Be Coming
Barr's report outlines numerous problems during downfall of SVB.
Former CEO of Startup Headspin Pleads Guilty to Wire Fraud
The former startup CEO admitted to giving investors "false and overstated revenue metrics."
Intel Reports 36% Sales Decline, Expects Second Half Rebound
Intel had another rough quarter as it continues to deal with weak demand for PCs and servers, but the chip maker is hopeful that the worst is over.
AWS Growth Slows to 16%
Overall, Amazon beat its own revenue guidance for the first quarter.
Pinterest Plans Ad Partnership with Amazon
The social media site hopes the new deal will help it grow the number of e-commerce sales it drives.
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.
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