Amazon to Lay Off Hundreds of Employees in Prime Video, Twitch
Amazon video chief Mike Hopkins said in an internal email that Amazon has “identified opportunities to reduce or discontinue investments in certain areas."
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
Starlink and T-Mobile Sent Their First Direct-to-Cell Texts
Starlink launched its first direct-to-cell satellites last week.
Amazon Won’t Offer EU Concessions on iRobot Deal
Following the news, iRobot shares tumbled 20% to $29.63, far below Amazon’s proposed acquisition price of $51.75 per share.
Coatue General Partner Michael Gilroy Exits
Gilroy worked on the firm's investments in Mercury, a credit card startup, and Melio Payments, a bill paying service.
AI “Pin” Maker Humane Lays Off 10 Employees, CTO Steps Down
Humane's $699 wearable "Ai Pin" will start shipping in March.
TA Associates Invests In Private Equity-Owned Fintech
TA is the latest private equity firm to back the company
HPE to Buy Juniper Networks for $14 Billion in Cash
Hewlett Packard Enterprise said the acquisition would double the size of its networking business.
Twitch to Cut 35% of Headcount, Around 500 Jobs
The cuts, which Bloomberg reported citing unnamed sources, would be the second major round of layoffs at Twitch in less than a year.
SEC Account on X Hacked, Sparking False Report on Bitcoin ETF Approval
The SEC is expected to decide on Wednesday whether to approve Bitcoin ETFs, which could spark mainstream investment in Bitcoin.
X Head of Global Agencies Departs, Just Months After Joining
Carrie Stimmel was one of a group of high-profile advertising executives who joined after Linda Yaccarino became CEO last summer.
Amazon Adds Apple AirPlay-Like Video Streaming Feature
The feature will make it easier for iPhone and Android users to beam video content from their phones onto their televisions through Amazon devices like the Fire TV.
Conde Nast CEO to Testify Against AI Companies Using ‘Stolen Goods'
Condé Nast CEO Roger Lynch will appear in front of a Senate Judiciary subcommittee hearing arguing that AI developers need to pay media firms.
Fox Launches Blockchain Tool to Verify Online Content
Fox launches new AI tool aimed at tracking the use of content by AI services.
Meta Announces Teen Content Restrictions as Political Pressure Mounts
A lawsuit filed last year by a group of state attorneys general alleges Meta designed its products to hook young users with features it knew could be harmful.
EU Regulator Probes Microsoft-OpenAI Relationship
The announcement comes a month after regulators in the UK said they were opening a similar probe into the companies' relationship.
Rent the Runway Cuts 10% of Staff, COO to Depart
The clothing rental company has tried to cut costs as subscriber growth stays flat
Carta Ends Secondary Trading Services After Founder Outcry
The decision ends founder Henry Ward's dreams of creating a stock exchange for privately held shares.
JD.com’s Unit Says It May Have Overstated Revenue
Dada Nexus, a subsidiary of e-commerce giant JD.com, is a major competitor in China's online grocery and delivery sectors.
OpenAI Says Times Lawsuit ‘Without Merit’
The New York Times Co filed a copyright infringement lawsuit against OpenAI in late December.
Shein Hires U.S. Government Relations Chief
The company is looking to soothe lawmaker concerns over labor, data privacy
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