The head of the European Commission called on incoming U.S. president Joe Biden to work with European lawmakers in reining in the power of America’s largest tech companies. In a speech on the floor of the European parliament on Wednesday, Commission President Ursula von der Leyen sought to reset the continent’s transatlantic relationship after a tumultuous four years with the Trump...
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Creator Economy Startups
An Insider’s Guide to Our Upcoming Creator Economy Summit
The Information’s second Creator Economy Summit is happening this Wednesday. For the past two months, I’ve been preparing for our interviews with creators, startup leaders and executives at major tech companies including Instagram, YouTube and Pinterest. (You can still register here.) This prep work has come at a pivotal time for the industry. When we held our first summit in late October,...
Klarna to Cut 10% of Global Workforce
Mark Zuckerberg Sued by D.C. Attorney General Over Cambridge Analytica Scandal
Snap Warns That Q2 Performance Will be Worst Than Expected
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The crypto party was as raucous as ever—and then someone turned on the lights. After a year of record-high token prices and newfound support from legacy financial institutions like Fidelity and BlackRock, reality bit hard the second week of May when the algorithmic stablecoin terraUSD (known as UST) crashed, taking down some $400 billion in crypto market cap with it.
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Cryptocurrency trading firm Coinbase, whose revenue has shrunk amid a downturn in the sector, is pausing new business projects, freezing hiring for two weeks and aiming to slash its cloud spending on Amazon Web Services, among other cost-cutting measures, according to a pair of internal emails sent to employees this week and viewed by The Information.