Galaxy Digital to Cut 20% of Staff
The layoffs are roughly in line, percentage wise, with those of other major crypto companies like Coinbase and OpenSea.
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Recent Editions
AMD Shares Rise 4% on Strong Data Center Chip Sales
AMD warned investors early last month that its PC business was seeing declining revenue, but its data center and gaming units picked up the slack.
UK Furniture Seller Made.com Appoints Administrators, Shares Delisted
Made.com said it plans to appoint administrators after failing to find a buyer, marking a dramatic downfall for the British online furniture seller.
Uber’s Ride-Hailing Business Almost Back at Pre-Covid Levels
Uber's revenue was artificially lifted by changes to its UK business and an acquisition in its freight operations.
Elon Musk Plans $8 Twitter Blue Revamp
Twitter Blue will still be required to verify users.
FCC Commissioner Calls for TikTok Ban
FCC Commissioner Brendan Carr said the U.S. government should ban TikTok.
Several More Twitter Execs Resign
Personette had been reaching out to advertisers after the Musk takeover.
Amazon Takes Aim at Spotify With Music Pricing Overhaul
Amazon announced new Amazon Music catalog and podcast offerings in a move to lure customers away from audio giants like Spotify and Apple Music.
Self-Driving Truck Firm TuSimple Fires CEO
The move comes as the Nasdaq-listed company reportedly faces a federal investigation into its controversial ties to a Chinese startup.
Dorsey Backed Musk’s Twitter Bid, Filing Shows
Dorsey rolled over his 2.4% stake in Twitter into the Musk-controlled entity that now owns the business.
Twitter Plans $20 Per Month Charge for Blue Checkmark
Elon Musk makes moves to expand Twitter Blue
Workers Flee iPhone Factory in China Amid Covid Outbreak
The unrest at the Foxconn plan is the latest example of how China's zero-Covid policy is affecting businesses in the world's second-largest economy.
FBI Investigating Self-Driving Truck Firm TuSimple’s Ties to Chinese Startup
Officials are investigating into whether TuSimple improperly financed a Chinese startup and transferred technology developed in the U.S. to China.
Musk Orders Twitter Layoffs
Musk observed on Twitter that there appeared to be 10 people 'managing' for every one person coding.
Marc Andreessen Backs Andy Rubin’s Security Startup
Andreessen has reportedly taken a seat on Simple Things' board.
Binance to Help Twitter with Crypto and Blockchain Efforts
The new team will examine how blockchain technology might be able to help Twitter such as the platform’s problems with bots.
Elon Musk Will Form New Twitter Content Council
Twitter will not reinstate banned account until council is formed, Musk says
Twitter Shares To Be Delisted Following Musk Takeover
Musk is expected to change Twitter's content moderation rules and to start laying off staff.
Twitter Discontinues Paid Live Audio Conversations
Twitter said it ‘indefinitely’ paused its test of paid live audio conversations.
Apple’s Bond Losses Deepen in September Quarter
All the big tech companies have sustained losses on their bond portfolios this year, reflecting the sharp rise in interest rates.
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