More Than a Dozen States Sue TikTok Over Allegedly Harming Kids
Attorneys general from 13 states and DC sued TikTok on Tuesday, alleging that the company deliberately designed the app to be addictive to children
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Shortseller Hindenburg Accuses Roblox of Inflated Metrics
The research firm has taken a short position in shares of Roblox and says the company is over-exaggerating its daily active users by possibly as much as 42%.
Amazon’s Top Just Walk Out Executive Leaves for Lime
Amazon has been pulling back from using Just Walk Out in its own stores, including by removing it from dozens of its U.S. Amazon Fresh grocery stores this year.
Former Tesla Executive Joins Waymo
Daniel Ho managed the launch of the Models 3, Y and Cybertruck
FTX Approved to Repay Customers Fully by Bankruptcy Judge
Most FTX creditors will receive about 119% of the amount of their claims under the approved plan.
U.S. Judge Punishes Google’s Lucrative App Store in Antitrust Ruling
The ruling could hurt one of Google's biggest cash cows.
Amazon Acquires Indian Streamer MX Player
Amazon has been trying to build its global streaming advertising business, including by starting to put ads on Prime Video earlier this year.
Shein Hosts Informal Investor Roadshows in London, New York
The China-founded online fashion retailer has gathered positive feedback for its planned IPO.
Google Threatens to Stop Linking to News in New Zealand
It's the latest tussle between internet companies, governments and news media.
Ben Horowitz to Support Kamala Harris’ Presidential Run
Horowitz' prior support for Trump had prompted a backlash from certain influential Silicon Valley Democrats, such as ex Sequoia Capital leader Mike Moritz.
Prediction Market Kalshi Goes Live With U.S. Election Bets
U.S. users can, for now, legally bet on whether Kamala Harris or Donald Trump will win the 2024 presidential election.
Meta Unveils AI Video and Audio Generation Tools
The tools, called Movie Gen, are not yet publicly available, but Meta plans to integrate them in its social media apps next year.
Waymo to Incorporate Hyundai Cars in Robotaxi Fleet
The deal comes as Waymo's robotaxi business is expanding, from San Francisco, Phoenix and LA to Austin and Atlanta in a deal with Uber.
Amazon Closes Three More Go Convenience Stores
It’s the latest example of Amazon trimming its retail footprint as the company continues to search for a winning formula in physical stores.
Banking Startup Revolut and Meta Clash Over Payments Fraud
UK banking startup Revolut has urged Meta to shoulder the costs of reimbursing victims of bank fraud.
OpenAI Takes Out $4 Billion Revolving Credit Line
The company now has access to over $10 billion in liquidity.
Google Starts Selling Ads in AI-Powered Search Results
The new ad format shows the tightrope Google must walk as it attempts to incorporate generative AI responses into search without cannibalizing its business.
Amazon to Hire 250,000 Workers for Holiday Season, Same as 2023
The unchanged hiring figure for 2024 indicates Amazon expects moderately higher sales compared to last year.
Judge Blocks California Deepfake Law
The law is intended to stem AI-powered misinformation as elections near.
Weekday mornings
The Information AM by The Information Staff
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