Chinese-Owned U.S. Shopping App Airs Super Bowl Ad
Temu, owned by Nasdaq-listed Chinese e-commerce giant PDD, is trying to replicate the global success of other Chinese-owned apps like TikTok and Shein.
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The Information AM
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Recent Editions
PayPal Tables Stablecoin Project Amid Regulatory Crackdown
The pause comes a day after a report that crypto payments firm Paxos is under investigation by the New York State Department of Financial Services.
Remaining Top Exec Departs Goldman’s Consumer Unit
Former Uber VP Peeyush Nahar was tasked with turning around the firm’s struggling consumer business.
Amazon in Talks to Buy Indian Streaming Service MX Player
MX Player is majority owned by Indian media conglomerate The Times Group and is one of the country’s largest internet video sites.
PayPal CEO To Retire
The company didn’t immediately name a successor for Schulman, who has led the payments giant since 2015.
Apple Hiring First Chief People Officer
Carol Surface will join the iPhone maker from Medtronic.
Lyft Posts 21% Growth Driven by Higher Prices
Lyft's results, including a higher cash burn, comes amid rising questions about Lyft's ability to survive as a standalone company.
SpaceX Conducts Key Engine Test Ahead of March Launch Attempt
SpaceX fired off 31 of the 33 rocket engines during the Starship booster test
Kraken to Shut Down Staking as Part of SEC Settlement
Staking, a process that pays rewards for locking up tokens on certain blockchains, is a source of revenue for many crypto exchanges.
Yahoo to Cut Workforce by 20%
Yahoo, which was bought by Apollo for $5 billion in 2021, is shutting down a big part of its ad tech business that helps publishers sell automated ads.
GitHub to Lay Off 300 Employees, Go Fully Remote
The layoffs come as Microsoft cuts jobs across the company in an effort to reign in spending amid slowing sales.
DCG Posted Around $800 Million in Revenue in 2022
Barry Silbert’s crypto company generated more than $1 billion in revenue in 2021.
Activist Peltz Calls Off Disney Proxy Fight
Peltz's move followed a big jump in Disney's stock price since he launched the contest.
Shopify Revamps Shopping App, Heightens Competition With Amazon
The changes come as Shopify aims to expand its offerings as fewer new merchants sign up for its services.
Twitter Introduces Longer Tweets, For Blue Subscribers Only
The announcement could help jumpstart sluggish sales for Twitter Blue, Elon Musk’s signature initiative since taking over in October.
SpaceX to Conduct Key Engine Test on Mars Rocket on Thursday
SpaceX's planned "static fire" test of the engines on its Starship rocket is a key milestone for the project.
Alphabet’s Verily Appoints Biotech Executive As CFO
Utpal Koppikar will be joining the life-sciences unit from Atara Biotherapeutics.
Francisco Partners Nears $1.7 Billion Deal for Sumo Logic
Takeover would value the software company around $12 to $13 per share
Iger Announces Layoffs as Disney Grapples With Streaming Losses
The December quarter showed the impact of rising streaming losses and declining TV profits. Iger outlined a multi-faceted plan to cut costs and rethink the streaming strategy.
Affirm Cuts 19% of Staff, Pulls the Plug on Crypto Service
The installment lender said it would refocus on core projects as rising rates continue to squeeze its business.
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