ESPN Reportedly Held Talks With the NFL, NBA and MLB for Minority Stakes
Last week, Disney CEO Bob Iger said he's open to finding a strategic partner for ESPN, which is struggling with declining TV revenue and rising sports costs.
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FTX Sues Bankman-Fried Alleging Misappropriation of Hundreds of Millions of Dollars
The DOJ also accused Bankman-Fried of sending Caroline Ellison’s documents to the press.
Amazon to Spend $120 Million on Florida Satellite Facility
It's the next step in Amazon's plan to build a satellite-based internet service to compete with SpaceX’s Starlink.
Top Robinhood Engineering Executive to Depart
Senior vice president of engineering Surabhi Gupta joins a number of high-level departures at Robinhood over the past year.
CoinDesk Finalizing Sale for $125 Million
The price tag is lower than what CoinDesk was reportedly fetching earlier this year.
Chime Hires First Chief Product Officer
Madhu Muthukumar was previously a product executive and manager at Notion, Robinhood and Twitter.
Blackstone Passes $1 Trillion in Assets
Private equity firm swung to a profit in the second quarter.
Walmart Offers Half-Off Membership Plans to Shoppers on Government Assistance
Many competing membership and streaming subscriptions have raised prices recently.
TSMC Delays Arizona Facility Start Date Due to Labor Shortage
TSMC is finding it harder to find experienced workers in the U.S., and is sending technicians from Taiwan to train local employees.
Apple Threatens to Pull iMessage From UK
The threat is the latest sign of how tech companies are pushing back at European regulatory changes by limiting the services they offer.
Google Tests AI Tool That Produces News Articles
Google's latest move comes as executives in many industries are trying to figure out the potential impact of generative AI on how businesses operate.
Shake-Up at Sequoia as Five Partners Exit
Departures include former Sequoia Chair Michael Moritz.
U.S. Congress Probes Venture Capital Firms on Chinese Investments
American venture firms are under investigation for stakes in Chinese companies, amid increased geopolitical scrutiny.
Biden Administration Proposes Tougher Merger Guidelines
FTC and Justice Department unveil draft of guidelines that include digital focus.
Microsoft, Activision Blizzard Extend Deal Deadline Until October
The extension comes after U.K. regulators announced they won't be making a final decision on the merger until late August.
Oddity Tech Pops 35% in Market Debut
The debut marks another strong consumer IPO as market shows signs of life.
Apple Tests Chatbot Dubbed ‘Apple GPT’
The move is a sign that the company could eventually integrate text-based conversational AI features into its products.
Nasdaq Halts Crypto Custody Plans
The company will still support firms aiming to launch cryptocurrency ETFs.
Tesla Margins Fall Amid Sales Push
Free cash flow bounced back after a challenging first quarter
Weekday mornings
The Information AM by The Information Staff
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