Crypto Traders Pull Over $5 Billion From Binance-Branded Stablecoin
Rival stablecoins Tether and USDC have become more popular since BUSD issuer Paxos said it would stop new issuances at the request of New York regulators
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Recent Editions
Meta Plans Four New AR/VR Devices in Next Four Years
The report is the most complete picture yet of Meta’s technical roadmap for AR/VR devices.
Top U.S. House Democrat Opposes Law Granting Biden Power to Ban TikTok
The opposition to the proposed bill by a leading Democrat shows there may not be widespread bipartisan support for Republican-led efforts to ban TikTok, the popular video app owned by Chinese internet giant ByteDance.
The RealReal Says New Inventory Strategy Boosting Margins
The luxury reseller has changed how it sources inventory and focused on bigger-ticket items as it chases profitability.
HP’s Profit Falls By Half on 19% Revenue Drop
HP's quarterly slump reflects a downturn in the personal computer market.
Instacart Grew Revenue 39% Last Year
Instacart told investors that sales stood at about $2.5 billion last year.
Bain Capital Ventures Raises $1.9 Billion in New Funds
The Docker and DocuSign backer is an offshoot of the Boston-based private equity firm Bain Capital.
SoftBank-backed Reef Technology Hires Restructuring Advisors
Reef hired Akin Gump Strauss Hauer & Feld LLP and Alvarez Marsal as restructuring advisors within the last month
Goldman Sachs Updates On Consumer Lending Retreat
Goldman CEO David Solomon has come under fire from employees and investors in recent months over the failures of the consumer lending push.
Warby Parker Warns Revenue Growth Will Slow
The direct-to-consumer eyewear company has invested in expanding its retail footprint and additional offerings like eye exams.
Instacart Launches Business-Focused Delivery Offering
The launch puts Instacart in closer competition with Amazon and Walmart, which both have similar services for small businesses.
Canada Removes TikTok From Government-Issued Devices
Canada's decision follows similar moves earlier by the U.S. government and the European Union's executive branch.
Robinhood Subpoenaed by SEC Over Crypto Business
It’s yet another sign of regulators closing in on crypto companies since FTX’s bankruptcy.
Vice Media Names New Co-CEOs
Vice has named two longtime executives to replace CEO Nancy Dubuc, who departed last week, as the struggling company pursues a sale.
Coinbase to Suspend Trading of Binance USD
The decision comes after New York regulators told BUSD issuer Paxos to stop issuing new such stablecoins.
Twitter Employees to Receive Stock Awards Next Month, Musk Says
The brief message came after a weekend of sweeping layoffs that further slashed into Twitter’s already hollowed-out staff.
Tesla Activist Gerber Drops Bid for Board Seat
Investor Ross Gerber said that “shareholders have been heard,” ending the necessity of his bid.
Missing China Tech Dealmaker Said to be Cooperating with Authorities on an Investigation
Bao Fan, the founder and CEO of investment bank China Renaissance, is one of the most iconic figures in China’s tech sector.
Twitter Cuts Senior Leaders in Sweeping Weekend Layoffs
The extent of the cuts suggest that Musk has failed to reverse the steep decline in revenue that has occurred since his takeover.
Weekday mornings
The Information AM by The Information Staff
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