Robinhood Acquiring Credit Card Startup X1
The acquisition is part of Robinhood’s effort to expand its product line beyond trading.
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Fortress to Acquire Digital Media Brand Vice out of Bankruptcy
Fortress was Vice's biggest creditor and other firms failed to top its offer of $225 million.
TikTok Responds to Senators’ Questions Over Creators’ Data
TikTok’s letter addressed a news report that the company had stored creator data in China.
Twitter Resumes Paying Google Cloud Bill
Twitter is now negotiating a broader partnership with Google involving advertising and access to Twitter’s API.
Anchorage Digital Disables Trading for Filecoin
Anchorage, which offers trading for big crypto investors, told customers earlier this month they could no longer trade filecoin as of June 6.
Google Accuses Microsoft of Anticompetitive Cloud Practices in Submission to FTC
Google previously complained about Microsoft’s cloud licensing practices to European regulators.
FTC Sues Amazon For ‘Manipulative’ Prime Signup Process
Amazon made the Prime cancellation process so difficult and slow that it was internally called “the Iliad,” the FTC’s complaint alleges.
TikTok Begins Selling Its Own Products in the U.K.
Parent company ByteDance would be able to use data from popular videos to manufacture viral products, a FT report said.
Warner Bros. Discovery in Talks for Program Deal With Netflix
The potential deal reflects an effort by WBD’s management to boost revenue, even at the expense of hurting its Max streaming service’s competitiveness.
Ex-Y Combinator Partner, Ex-GitHub CEO Raised AI Venture Fund Worth $1 Billion
To win deals, the hotshot duo is offering access to Nvidia's latest chips.
Google and OpenAI Talk to Publishers About Licensing Content For AI
Some of the world’s largest media publishers want AI companies to pay them to use their content to develop AI.
Big Name Producer Ryan Murphy to Leave Netflix for Disney
Murphy was responsible for one of Netflix's most watched original series in its history.
Carlyle’s New CEO Taps Insider as Next Finance Chief
John Redett, a 16-year veteran of the firm, is Harvey Schwartz’s first major hire.
Amazon to Sell DPReview, a Photography Site It Planned to Shut Down
DPReview, a niche destination for photographers, is being sold to Gear Patrol; Amazon owned it for 16 years.
KKR to Buy Up to €40 Billion of PayPal’s European Buy Now, Pay Later Loans
PayPal plans to boost its stock-buyback plan by $1 billion after deal closes.
Alibaba Group Replaces CEO and Chair Daniel Zhang
The leadership change comes at a time when the Chinese e-commerce giant is going through the biggest overhaul in its 24-year history.
Twitter Tells Investors It Will Focus on Video, Payments
Twitter's CEO, Linda Yaccarino, told investors that ad spending in some categories was up 40% year-over-year, although Twitter's overall ad revenue is reportedly down by the same amount.
Tiger Global Fundraising 55% Short of Goal
The shortfall comes as the frozen IPO market weighs on startup valuations.
SVB’s Investment Bank Has Deal to be Sold to Its CEO, Jeff Leerink
SVB Securities will go back to being Leerink Partners, the name the investment bank had before SVB bought it in 2019.
Crypto Payments Firm Wyre is Shutting Down
Wyre was left scrambling after a planned acquisition by payments company Bolt fell through.
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