S&P Lowers Meta’s Credit Outlook Amid Soaring AI Spending
The credit rating firm cited concerns about Meta’s ability to monetize those investments.
Weekday mornings
The Information AM
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy
Recent Editions
OpenAI Lowers Fundraising Target–After Decreasing Possible Valuation
The company is now looking to raise $20 billion instead of $30 billion.
Amazon Discloses New Up To $80 Billion Supplier Financing Loan
It’s the latest borrowing as big tech firms turn to the debt market to fund the AI boom
Binance Confirms $6.3 Billion Hack, Plans to Cover Losses
Binance halted withdrawal after being hit by the largest crypto hack ever in history.
Exclusive: Cybersecurity Startup Cyera Discusses $20 Billion Valuation
The company has been in talks to nearly double its valuation from four months ago amid rising interest in cybersecurity.
Intel Shares Drop More Than 20% After Weak Sales Forecast
Intel shares were up more than 130% this year before its Q3 earnings due to soaring demand for its server chips, but slowing PC demand is becoming an issue.
Binance Investigates Potential Hack After $2 Billion-Plus in Tokens Left Exchange Wallets
Stablecoin issuers Tether and Circle quickly froze funds in response to the incident.
Coinbase Revenue Fell 35%, Partially Offset by Prediction Market
Coinbase says its prediction market has surpassed $200 million in annualized revenue.
Amazon Web Services Accelerates as Ecommerce Store Slows on Prime Day Change
Free cash flow sank to negative $42.4 billion for the twelve months ending Sept. 30
Polymarket Halts Some Trading After Users Report Hacks
In a message to users in a Discord forum, Polymarket promised to cover losses any customers suffered.
Thrive Holdings to Buy ADT Security for $15.3 Billion in Cash
Apollo Global Management is providing the debt financing for the transaction.
Kalshi Raises $1 Billion at $40 Billion Valuation
Prediction market Kalshi’s valuation jumped from $22 billion in May.
Nvidia CEO Reportedly Targeted By Suspected Chinese Informant
The New York Times reported that Huang had ties to a woman who American officials believed was passing along information to Beijing.
Microsoft Seeks to Raise $25 Billion in Bond Sale
Microsoft is the latest major cloud provider to raise debt to fund its ongoing data center buildout.
DoorDash Will Buy Instacart For $17 Billion
The united company will face competition from the likes of Amazon, Uber and Walmart.
ServiceNow Shares Drop 19% After Earnings As SaaSpocalypse Fears Persist
ServiceNow says adoption of its AI products is continuing to grow, but investors seem to remain wary of the potential threat AI could pose to its business.
Shopify Adopts Agentic Payment Tech from Visa, Mastercard
Card networks are pushing for more merchants to adopt their own agentic payment systems.
Marvell in Talks to Buy Lumentum
A deal for Lumentum would rank as one of the largest semiconductor deals.
Alphabet Sold $12.4 Billion of Shares Through ATM Program
The program is part of a broader $90 billion equity fundraising package announced in June.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy