Elon Musk has become Twitter’s largest individual shareholder after the Tesla and SpaceX CEO took a 9.2% stake in the social media company. The stake disclosed in filings released on Monday morning was worth $3 billion. The disclosure then sent Twitter’s share price surging more than 20%. What Musk intends to do with the position remains a mystery, but the entrepreneur has spent recent...
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Big Tech's Big Lie
Is big tech killing itself? Recent mass layoffs at tech companies—which continued this week with cuts at DoorDash—have destroyed the image of big tech firms as lean and efficient machines. On the contrary: As investors such as Altimeter Capital and TCI have pointed out, firms like Google and Meta Platforms (not to mention Amazon) are overstaffed and bureaucratic. But a bigger issue may be signs...
TPG Backs $465 Million Fund for Logistics Startups Behind China’s Export E-Commerce
Opendoor Replaces Eric Wu as CEO
Coinbase Says Apple Restricted NFT Features in Coinbase Wallet
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The Information’s Top Tech-Adjacent Gifts for 2022
After the roller-coaster ride of the past month, everyone needs a little retail therapy. So, in honor of Black Friday and the upcoming holiday season, we’ve put together our annual gift guide, asking The Information’s staffers to share their favorite tech and tech-adjacent purchases of the last year.