Crypto lender Genesis is suspending withdrawals and new loans within its lending unit following the bankruptcy of of crypto exchange FTX, the company announced on Wednesday. “FTX has created unprecedented market turmoil, resulting in abnormal withdrawal requests which have exceeded our current liquidity,” Genesis tweeted on Wednesday. “We have hired the best advisors in the industry to explore...
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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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U.S. Bans Sale of Telecom Equipment from Huawei, ZTE
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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.