Singapore’s Sea Plans Layoff in E-Commerce Unit
Sea, whose main businesses are videogames and e-commerce, has been grappling with slowing demand after an earlier pandemic-fuelled boost.
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Shopify Overhauls Pay to Let Workers Pick Cash-Equity Split
Shopify has also removed the one-year waiting period before employees begin receiving their equity awards.
FTX Top Bidder for Assets of Bankrupt Crypto Lender Voyager
FTX and Sam Bankman-Fried have been bailing out struggling crypto companies, and are now trying to snap up assets in Voyager’s bankruptcy auction.
Online Fashion Giant Shein Plans to Beef Up U.S. Distribution Network
The move, which could reduce shipping times for American shoppers, is part of Shein's effort to boost its U.S. sales.
ByteDance to Spend $3 Billion to Buy Back Investors’ Shares
The plan would value the owner of TikTok at $300 billion amid stalled plans for an initial public offering.
Uber Investigates Hack
A hacker accessed key Uber systems after compromising a worker’s Slack account and sharing details of the hack with media and cybersecurity experts.
Rumble Set to Go Public in SPAC Merger
Deal marks a rare debut as companies delay SPAC deals
Ethereum Migrates to Proof of Stake, Completing Highly Anticipated Merge
Markets remained relatively stable on Thursday, despite many traders having prepared for significant volatility
TikTok Launches BeReal Copycat
TikTok launched a new feature called TikTok Now, similar to the popular app BeReal where users are notified once a day to post.
Adobe Buying Design Software Maker Figma for $20 Billion
The deal is a big payday for shareholders in Figma, which was valued at $10 billion when it raised money last year.
Masayoshi Son Mulls Launching a Third Vision Fund Despite Big Losses
The billionaire SoftBank founder is considering starting a third fund using its own cash.
South Korea Issues Arrest Warrant for Co-Founder of Terraform Labs
In an earlier interview with the broadcast series Coinage, co-founder Do Kwon said he also was a victim given the losses he incurred.
California Files Antitrust Complaint Against Amazon
It's nearly identical to a case filed by Washington DC's attorney general, which was dismissed earlier this year.
Twilio Lays off 11% in Push for Profitability
Twilio has grown rapidly in recent years as usage of its core voice and messaging products has surged, but now it wants to boost sales of its other offerings.
Tencent Music Plans Hong Kong Stock Market Debut as Soon as Next Week
An increasing number of U.S.-listed Chinese tech companies have completed dual listings in Hong Kong amid political tensions between the U.S. and China.
Twitter Shareholders Approve Musk’s $44 Billion Acquisition
The investors' approval of the deal further complicates Elon Musk's plans to cancel it.
Former Disney CEO Bob Iger Joins Thrive Capital
Iger will mentor startup founders and find new investments at Josh Kushner’s venture capital firm.
Citadel Securities, Fidelity and Charles Schwab to Launch New Crypto Exchange
EDX Markets will be targeted to both retail and institutional investors.
Patreon Lays Off 17% Of Staff
Patreon is the latest creator economy startup to lay off employees, including from its operations, finance and HR teams.
China Is Twitter’s Fastest Growing Overseas Ad Market Despite Being Banned
Local authorities and Communist Party officials are spending heavily on Twitter, which is blocked in China, to promote tourism or tout local economic or cultural milestones, according to a Reuters investigation.
Weekday mornings
The Information AM by The Information Staff
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