Musk Tweets Twitter Deal on Hold
The declaration has caused Twitter's stock to drop 20% in premarket trading.
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Recent Editions
Elon Musk Says Twitter Deal Temporarily on Hold
Musk said in a tweet Friday that the $44 billion deal is on hold pending more details on Twitter's spam and fake accounts.
China’s Government Plans Forum With Top Business Executives Next Week
It is unclear whether the coming event could lead to changes to Beijing's ongoing regulatory crackdown on the internet sector.
Affirm Raises Full Year Revenue Guidance
The installment lender anticipates higher revenue growth in 2022 following a better than expected third quarter.
Sam Bankman-Fried Buys 7.6% Stake in Robinhood
Shares of the online investment platform were up 25% in after-hours trading.
Former Meta Crypto Executive David Marcus Launches Startup
Lightspark is Marcus’s first venture since working at Facebook, now known as Meta Platforms, where he first oversaw Facebook messenger and later headed its crypto efforts.
Twitter Imposes Hiring Freeze
Twitter becomes the latest in a spate of companies to signal its intention to be more careful with its spending.
Warner Bros Discovery Signs Deal With BT Sport for UK Football Rights
The newly created Warner Bros. Discovery will pay $115 million to telecoms provider BT as part of the 50:50 joint-venture.
SoftBank’s Vision Fund Posts $26.2 Billion Quarterly Loss on Stock Collapse
SoftBank CEO Masayoshi Son said the Vision Fund is becoming more selective with new investments as the firm focuses on "defense."
Instacart Has Confidentially Filed for IPO
The online grocery confirmed reports it had filed to go public as early as this year, though that could change.
Elon Musk’s Initial Disclosure of Twitter Stake Under SEC Scrutiny
The FTC is also investigating how Musk first disclosed his investment.
HR Startup Rippling Valued at $11 Billion After New Funding
The new round more than doubles the startup's previous valuation of $6.5 billion after its last funding in October.
Fifth FTC Commissioner Confirmed, Breaking 2-2 Partisan Divide
With Georgetown law professor Alvaro Bedoya at the FTC, Lina Khan can finally unleash progressive agenda.
Stripe Head of Security Provos to Depart
The ex-Google engineer and blacksmith is taking time off work.
Disney Reports Streaming Subscriber Growth
Disney gave up $1 billion in revenue by terminating early a film licensing agreement with another company so it could use the content on its own services.
Apple TV+ Film Marketing Head Departs
The departure comes as the streaming service has started to have some notable success.
Google Reveals Maps, Privacy, AI Improvements at IO Conference
More immersive Google Maps, AI-powered studio quality lighting and better privacy tools were among the announcements at Google's I/O developer conference.
Shopify Executives Say They’re Personally Buying The Company’s Beaten Down Stock
Shopify founder and CEO Tobi Lutke says he's recently placed an order to buy $10 million of stock.
AI Startup DataRobot Lays Off 7% in Cost-Cutting Move
DataRobot has struggled with revenue growth and internal turmoil, and now it is laying off staff after aggressively hiring last year.
Musk Says Would Reverse Twitter Ban on Trump
The billionaire said it was “morally wrong” to have banned the former president.
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
