FDIC Issues Cease and Desist Letter to FTX US, Four Other Firms
The FDIC said that the statements falsely implied that FTX US is insured by the agency
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U.K. Government Blocks Chip Deal by Chinese Firm
The report highlights the U.K. government's growing concerns about China's continued efforts to gain access to chip technology abroad.
China’s Cyber Regulator Wants “Affectionate” Ties With Tech Companies
The Cyberspace Administration of China, which led part of a wide ranging crackdown on tech, said it wanted to build a “healthy, get-to-the-top, can-do entrepreneurial atmosphere.”
Apple Warns Mac, iPhone, iPad Users of Critical Security Flaws
Apple has released software fixes for two critical operating system vulnerabilities and warned that hackers may already be taking advantage of them.
Snap Halts Development on Its Selfie Drone Pixy
The Snapchat parent’s decision comes after revenue growth slumped to 13% last quarter, its smallest gain since going public.
China Lashes Out Against New U.S. Chips Act
China’s commerce ministry said it opposed the new chips act and would take strong measures to safeguard its rights.
Amazon is Testing TikTok-Like Short Videos Featuring Products
The test is currently only visible to some employees of the giant e-commerce company and users can post, share and purchase products.
Cisco Systems Reports Another Quarter of Flat Revenue Growth
The company pointed to its order backlog as the reason for stalled growth, which it said would persist through the coming year.
Oracle Now Monitoring TikTok for Signs of Chinese Government Meddling
Amid national security concerns from U.S. lawmakers, Oracle has begun vetting TikTok's algorithms and content moderation models.
Elon Musk is Not Buying Manchester United
The Tesla CEO called his tweet about acquiring the soccer team “a long-running joke”
Tencent’s Revenue Falls as China’s Economic Slowdown Takes Toll
Tencent's first-ever quarterly revenue decline as a publicly listed company highlights the challenges facing China's biggest tech giants.
U.S. Department of Commerce Approves Nearly All Tech Exports to China
Only a tiny fraction of U.S. tech exports require a license and only a small sliver of that are denied.
Apple Plans to Expand Production of Apple Watch, MacBook to Vietnam
The move comes as Apple tries to diversify its manufacturing as a hedge against political and trade risk.
Amazon, Microsoft Called Out Over Cloud Oil and Gas Projects
Amazon and Microsoft have both announced aggressive plans for cutting their carbon emissions, but their work with oil and gas companies is drawing attention.
Amazon to FTC: Stop Pestering Our Executives
The internet retailer is upset about the FTC's tactics in an investigation related to Amazon's Prime membership program.
Apple Tells Employees to Work in Office Three Days a Week by September
Like many tech firms, Apple has changed its office attendance requirement multiple times in the past year.
Tencent Plans to Sell Shares in Food Delivery Giant Meituan
Tencent, which has a vast portfolio of investments in Chinese and international tech and gaming companies, has already sold some its shareholdings.
Zoom Issues Emergency Fix for Critical macOS Security Vulnerability
Zoom issues a software patch for a flaw that could have enabled attackers to gain complete control over a targeted computer.
ThredUp Slashes Revenue Guidance, Promises Break Even by 2023
The used goods seller said it hopes to reach break-even on an adjusted earnings before interests, taxes, depreciation and amortization basis by the end of 2023.
Andreessen Horowitz Invests in Adam Neumann’s New Apartment Startup
The $350 million investment values the pre-launch company at over $1 billion.
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