Substack Financial Statements Show Massive Losses
Substack recently raised money from individual writers at its 2021 boomtime valuation and the financial statements raise questions about the health of the business.
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Recent Editions
Google CEO Says Chatbot Feature is Coming to Search
A chatbot integration would be a major shift in how Google delivers search results—a process that has changed minimally over more than 20 years.
Tesla Nominates Co-Founder JB Straubel to Board of Directors
Straubel left the electric vehicle maker in 2019.
SpaceX Eyes Late April For First Starship Launch Test
The launch test could be the first time SpaceX's 400-foot-tall rocket leaves Earth's surface.
Binance’s VIP Trading Clients Included Jane Street, Tower Research
The case has sent shivers across the quant trading industry
Australian Regulator Cancels Binance’s Derivatives License
The Australian regulator has been reviewing Binance’s business in Australia, including how it classifies retail and wholesale investors.
Amazon’s iRobot Takeover Investigated by U.K. Antitrust Regulator
iRobot shares have been trading around 30% below Amazon’s proposed takeover price, indicating widespread skepticism among investors that the deal will close.
Amazon Plans to Cut Employee Equity Awards in 2025
The company is also considering giving employees a higher percentage of their compensation in cash.
Disney Puts Hulu President in Charge of Disney+
Disney has promoted Hulu president Joe Earley to oversee Disney+ and Hulu. He succeeds Michael Paull, who held that role under former CEO Bob Chapek.
Saudi PIF to Buy Mobile Gaming Company Scopely for Nearly $5 Billion
Savvy Games Group, a gaming investment company owned by the $620 billion Saudi sovereign wealth fund, has agreed to buy the maker of games such as "Scrabble Go."
Bob Lee, MobileCoin Exec and Cash App Founder, Killed in San Francisco
Lee was 43 years old.
Startup Funding Fell 53% in First Quarter
Global startups raised $76 billion in the first quarter, a 53% decline from the same period last year, according to Crunchbase data.
Amazon and Microsoft’s Cloud Units Face U.K. Scrutiny
The communications watchdog said practices that make it difficult for companies to use multiple cloud providers could be reducing competition in the space
Founder of Frank, Which Was Bought by JPMorgan, Charged With Fraud
SEC files lawsuit alleging 31-year-old Frank founder Charlie Javice deceived JPMorgan.
JPMorgan’s Dimon Criticizes Regulatory Response to SVB Collapse
CEO says that even if a globally important bank failed, JPMorgan "would be okay.”
Blockchain Startup LayerZero’s Valuation Triples to $3 Billion in New Funding
The company landed a $1 billion valuation in its last funding round roughly one year ago.
Virgin Orbit Files For Chapter 11 Bankruptcy
The small satellite rocket launcher is still looking for a buyer.
Klaviyo Hires Bankers, Targeting IPO This Year
The marketing software company could be one of the first major debuts to help revive the IPO market.
Saudi Arabia Says It Funded Andreessen, Coatue, Iconiq, Insight and 35 Other VCs
A Saudi investment firm disclosed it is a limited partner in 39 tech investors.
Dogecoin Jumps Over 30% After Twitter Replaces Bird Logo With Doge Meme
Musk is facing a $258 billion suit from dogecoin investors that have accused him of running a pyramid scheme to promote the token.
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