A lawyer for FTX said that a “substantial amount of assets have either been stolen or are missing” from FTX and its related companies in a bankruptcy hearing Tuesday. “What we have here is a worldwide, international organization but which was run as a personal fiefdom of Sam Bankman-Fried,” said James Bromley, a partner at Sullivan & Cromwell who is representing FTX. Bromley also added...
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Where Google Has Grown
Alphabet has doubled the headcount in its Google Cloud unit since early 2019, according to data obtained by The Information, outstripping Alphabet’s overall hiring growth. The rapid growth helps explain why Google Cloud’s losses continue to widen even as its revenue grows rapidly. Google’s hardware unit and YouTube also each roughly doubled headcount between the first quarter...
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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.