Bolt Is Buying Crypto Startup Wyre For $1.5 Billion
The deal is the second acquisition the one click checkout startup has made in the last five months.
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New Google Search Tool Marries Images and Text
The search giant is trying to expand the scope of searches it can accommodate to keep its tool relevant to users and improve its shopping experience
Samsung Quarterly Profit Tops Estimates
Preliminary first quarter earnings increased 50% to about $11.6 billion on strong demand for its smartphone and server memory chips.
JD.com Founder Steps Away From Role as CEO
Richard Liu will retain his title of chairman while company president Xu Lei takes over as CEO and get a seat on the board.
Warren Buffett’s Berkshire Hathaway Takes 11% Stake in HP
Share in the computer company soared 10% after news of the stake came out.
Google Removed Apps That Secretly Collected Data
Google removed some consumer apps that contained code written by a company with links to a defense contractor that works with national security agencies
Better.com Offers Voluntary Separations to Cut Staff Further
The online mortgage lender is sending paid severance agreements to some employees while reportedly losing around $50 million per month.
Meta Is Working on a Virtual Currency for Metaverse Payments
The project has taken on the internal nickname “Zuck Bucks” and is unlikely to be structured as a cryptocurrency.
Sky Mavis Raises $150 Million to Pay for Ronin Bridge Hack
The hack was one of the largest crypto heists ever.
Meta Pausing F8 Developer Conference For 2022
The company says it is focusing instead on building the metaverse.
Binance.US Raises $200 Million Seed Round at $4.5 Billion Valuation
The round is the first outside capital raised by Binance.US since it launched in 2019.
WarnerMedia’s Exec Team Departing
Nearly all of the executives who report directly to WarnerMedia CEO Jason Kilar are leaving the company, WarnerMedia announced.
Amazon Secures Deals to Launch 83 Satellites Into Orbit
Amazon’s Project Kuiper said it sealed deals with Arianespace, the United Launch Alliance and Jeff Bezos’s Blue Origin as part of plans to eventually send 3,236 satellites into space.
Indian Social Media Startup Raises $805 Million
VerSe Innovation launched its app Josh shortly after TikTok was banned from India.
FTX US Invests in ‘Flash Boys’ IEX Exchange
As part of the deal, FTX US and IEX will work to create a market structure for buying, selling and trading digital asset securities.
WarnerMedia to Lose Both Sarnoff and Kilar As Discovery Deal Looms
In less than two years, Kilar shifted the company's focus to streaming and consumers first.
Elon Musk Joins Twitter Board, Refiles Investment Disclosure
The timing of the announcement, and Musk's Tweets, are likely to spark questions about Musk's decision to file as a passive shareholder on Monday and inflame tensions between Musk and the SEC.
Google Offers Employees Electric Scooter Subscription
The search giant is reimbursing a monthly e-scooter subscription as it requires many of it U.S. workers to return to the office for most of the week
Roelof Botha to Become New Leader of Sequoia Capital
Botha will replace the firm's longtime leader Doug Leone on July 5.
Microsoft’s Cloud Taps Ampere for Arm Chips
Following rivals Amazon Web Services and Oracle, Microsoft now offers a new breed of chip that threatens the dominance of Intel and AMD in data centers.
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