Binance to Convert USDC into its Own Stablecoin, Binance USD
The move is seemingly a way for Binance to boost use of its own stablecoin and move up in the rankings.
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TikTok Denies Claims of Data Security Breach
The data breach claim, which may have been false, came amid Washington's concerns about TikTok's ability to collect vast troves of data on Americans.
Apple’s Advertising Business Could Rise to $30 Billion in Four Years
The projection comes as Apple adds more places where advertisements are shown inside the App Store, including the Today tab and app product pages.
CEO of Key Apple Supplier Indicted in Taiwan For Illegal Investment
Luxshare entered Apple's supply chain in 2009 and assembles AirPods, the iPhone, the Apple Watch and AirTags, among other products.
Biden Plans Executive Order to Limit U.S. Investment in China Tech
U.S. investors have long fuelled the growth of China's tech sector by providing capital for China-focussed venture capital and private equity funds.
Cloudflare Drops Kiwi Farms Citing “Immediate Threat to Human Life”
The internet security services firm blocked the controversial site after transgender Twitch streamer Clara Sorrenti, who had been targeted by Kiwi Farms users, started a campaign to have them do so.
Sacks Loses Subpoena Quash Motion in Twitter-Musk Case
Sacks had tried to get out of the subpoena, claiming he didn't have non-public information about the Twitter dispute.
China’s Discount E-Commerce Giant Pinduoduo Launches U.S. Shopping Site
Pinduoduo's foray into the U.S. comes at a time when inflation fears continue to weigh on global consumer demand.
Shopify Issues Warnings to Merchants Using Amazon’s Buy with Prime
Amazon's recently launched service lets Shopify merchants offer their customers the same perks as Amazon Prime members. But the move threatens Shopify's fulfillment ambitions and core checkout business.
Shopify Makes a Fresh Round of Layoffs
The e-commerce software giant has been cutting staffers since June as it profits shrink amid the online shopping slowdown this year.
OnlyFans Revenue Rises 160% in 2021
OnlyFans said revenue soared 160%, while performers on the adult content site earned nearly $4 billion in 2021.
Microsoft Faces Questions from UK Regulator Over Activision Deal
The same regulator has previously moved to block Meta’s acquisition of Giphy.
Alibaba’s Southeast Asia Unit Lazada Eyes European Expansion
Alibaba needs to look for growth overseas as the company is facing a bleak outlook in China.
U.S. Bans Nvidia, AMD From Selling Certain AI Chips to China
The orders come amid a fight over chip supremacy between the U.S. and China and roughly a month after the U.S. passed the CHIPS and Science Act.
Rubrik Passes $400 Million in Subscription Sales, Launches Security Unit
After starting out as a startup focused on helping companies manage their data, Rubrik is now playing up its cybersecurity capabilities.
The Wing, a Controversial Co-Working Startup, Shuts Down
The Wing had raised over $100 million in venture capital for its female-focused co-working spaces.
DC Attorney General Sues Michael Saylor, Microstrategy for Tax Evasion
The lawsuit alleges that Saylor avoided paying $25 million in taxes over more than 15 years
Cybersecurity Startup Lacework’s Sales Chief Steps Down
Lacework, which laid off 20% of its staff in May, is searching for a new sales chief while its co-CEO David Hatfield holds that role on an interim basis.
SeatGeek Raises $238 Million After Canceled SPAC Deal
The ticketing platform’s new funding gives it a lower valuation than what it sought in failed SPAC deal
Snap Lays Off 20% of Staff, Cuts Projects
Snap announced a restructuring that includes cutting a fifth of its workforce and discontinuing several projects, including Snap Originals shows, games and its new flying camera drone.
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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