FTT Token Jumps 24% After FTX CEO Says Crypto Exchange Could Restart
Ray said in the interview that he created a task force to explore reopening the exchange.
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The Information AM
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Amazon Ends AmazonSmile Charity Donations
The feature let customers donate 0.5% of eligible items’ purchase prices to charity.
Spotify, Others Beg European Regulators to Act Faster Against Apple
Eight tech companies and industry associations asked the European Commission to curb Apple's behavior more swiftly.
Musk Goes to Trial Over ‘Funding Secured’ Tweet
Lawyers sparred over whether Elon Musk's 2018 tweet about taking Tesla private was securities fraud.
TikTok Tests Out Podcasts Feature
The new tool allows users to hear a video’s audio after switching the app to the background.
Shein In Talks For Funding That Would Slash Valuation by 35%
The Chinese fast-fashion retailer is in talks to raise between $1.5 billion and $3 billion from its existing investors and is reportedly exploring a push into payments.
Former Instacart CTO Mark Schaaf Joins Retool As COO
Retool also hired former Slack general counsel Gabe Stern
Semafor to Buy Back Back $10 Million SBF Stake
The news company previously said it would wait for guidance from government agencies on how to handle the former FTX CEO’s investment.
Klarna Exec Joins Farfetch in Leadership Reshuffle
Luxury e-commerce platform Farfetch is shuffling its leadership ranks and bringing on a slate of new hires, including a former Klarna executive.
Microsoft Confirms Plans to Lay Off 10,000 Employees
They are the company’s biggest cuts since CEO Satya Nadella slashed tens of thousands of jobs shortly after taking charge of the company in 2014.
Twitter’s Daily Revenue Down 40%, 500 Top Advertisers Have Left
New details on the exodus of Twitter advertisers underscores the challenges facing Elon Musk, who has slashed costs aggressively to offset falling revenue.
China Approves 88 Video Games as Beijing’s Crackdown Eases
The new approvals of online games come as the Chinese government's regulatory crackdown on the broader internet sector continues to ease.
Apple Is Working on a Cheaper Version of Its Mixed Reality Headset
The more affordable headset would cost about one-third of the roughly $3,000 that Apple is likely to charge for its top-of-the-line headset.
Microsoft Preps Thousands of Job Cuts
It follows similar moves by fellow mega-cap tech stocks Amazon, Meta Platforms and Oracle.
Goldman, Morgan Stanley Post Starkly Divergent Earnings Reports
Morgan Stanley is looking to build on its wins, while Goldman is licking its wounds.
Google Cloud Taps Former VMware Exec to Lead Key Business
Google Cloud has brought in Mark Lohmeyer, who for years was a key figure in VMware's cloud business, to lead compute services.
Barry Silbert’s DCG Suspends Quarterly Dividends
DCG told investors that it is focused on “reducing operating expenses and preserving liquidity.”
Disney Rebuffs Peltz’s Criticisms
Disney's presentation showed that Peltz has been lobbying Disney executives and board members for a board seat since last July.
Payments Company Lightspeed Cuts 10% of Staff
Lightspeed Commerce announced it would cut 10% of its staff after making a string of acquisitions in recent years.
Peloton Names Leslie Berland As New CMO
Berland, a Twitter veteran, joins the fitness company as it tries to revive sales of popular exercise equipment.
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