Meta’s Stock Plunges More than 26%
The sharp fall wiped more than $250 billion off the company’s market value.
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Recent Editions
Pinterest Revenue Jump Sends Stock Soaring; U.S. Users Drop Again
Pinterest’s fourth-quarter revenue rose 20% year-over-year, but U.S. monthly users declined for a third straight quarter.
Biden Administration Considers Rule Change to Address Potential TikTok Risks
The proposed rule would expand government oversight of foreign-owned apps
Meta-backed Diem Association Confirms Asset Sale
The sale marks the end of Meta's beleaguered cryptocurrency project.
The New York Times Is Buying Hit Viral Game Wordle
The company paid creator Josh Wardle a price in the “low seven figures.”
Legendary Entertainment Sells Stake to Apollo for $760 Million
The deal comes as Hollywood studios try to cash in on the growing demand for producers of streaming content.
Coinbase Adds Shopify CEO to Board
Shopify CEO Tobias Lütke will advise Coinbase executives as the cryptocurrency exchange platform expands internationally and develops new products.
Bolt CEO Replaced Following Controversial Tweets
CEO Ryan Breslow called Stripe and Y Combinator "the Mob Bosses of Silicon Valley" in a series of Tweets last week.
FTX Valued at $32 Billion in New Funding Round
The fundraising comes less than four months after the company raised money at a $25 billion valuation in October.
Vista and Elliott to Buy Citrix for $16.5 Billion
Citrix is one of a number of older enterprise software firms that is trying to shift towards cloud-based subscription software but whose revenue is growing very slowly.
Spotify to Add Content Advisory to Podcasts Discussing Covid
The move comes after musician Neil Young last week pulled his music off Spotify saying the app helped spread misinformation about Covid vaccines.
Climate Startups Raised $40 Billion Last Year
Funding battery and electric vehicle startups made up 40% of total investments.
Meta Pauses New Users From Accessing CrowdTangle Tool
CrowdTangle founder Brandon Silverman left Meta Platforms last October.
Airbnb Exec Chris Lehane Joins Katie Haun’s Crypto Fund
Lehane is the latest exec to make the jump from mainstream tech to crypto.
F1 Champ Lewis Hamilton Backs Ultrafast Delivery Startup
London-based ultrafast delivery startup Zapp has secured another $200 million of funding to continue expansion in Europe.
SoftBank COO Marcelo Claure Steps Down After Clash Over Pay
Claure's departure comes after disagreements with CEO Masayoshi Son over compensation and investments in Latin America.
Meta’s Kustomer Acquisition Wins EU Approval
The $1 billion deal remains under investigation by the Federal Trade Commission in the U.S.
Weekday Mornings
The Information AM by Myk Klemme
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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