SBF Directed Alameda to “Borrow as Much Money” as Possible
Alameda also used FTX customer funds for the firm’s own trading purposes and investments, including funding FTX Ventures, the former $2 billion venture arm of FTX.
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Recent Editions
EU Commissioner Asks Musk for Information on “Illegal Content and Disinformation” Spreading on X
If X is found to be in violation of Europe's Digital Services Act, it could face fines of up to 6% of its annual global revenue.
Agnes Chu Departing Conde Nast
Chu, a former executive at Disney, had focused on translating magazine articles into content for film, TV, digital video and podcasts.
Washington Post Seeks to Reduce Headcount by 240, Offers Buyouts
The cuts would represent nearly 10% of the paper’s current total headcount of 2,500.
X Stopped Using Software Tool That Identified Misleading Images
X shut down the internal product, which ran on Google Cloud, as it shifted away from that cloud computing service to reduce costs.
Lambda Labs Nears $300 Million Financing
Investors are valuing Lambda Labs at five times this year’s revenue/
Square’s Chief Marketing Officer Departs for QuickBooks
Lauren Weinberg spent six years at Square, and was previously a marketing executive at Yahoo.
Israeli Tech Companies Brace for War
The conflict is expected to disrupt operations at large tech companies with sizable presences in Israel, including Google, Microsoft, and Nvidia.
Unity Ousts CEO, Installing Silver Lake Advisor as Temporary CEO
Riccitiello's ouster follows reports that a pricing model change he made had outraged developers.
Blue Origin Lays Off Around 40 People
It’s the latest round of cuts at Jeff Bezos’ aerospace firm, which recently announced plans to replace its current CEO with an Amazon executive.
Peltz Plans New Activist Campaign Against Disney
Disney stock has fallen 27% since Peltz called off his last campaign, in February.
Aparna Chennapragada Joins Microsoft in Senior AI Role
At Google, Chennapragada worked closely with CEO Sundar Pichai as a key technical adviser.
SBF Floated Shutting Down Alameda Before FTX Collapse
Former FTX executive Gary Wang also testified that Alameda had access to a $65 billion line of credit.
DTC Startup Parade Sells For Fraction of $200M Valuation
The sale triggered a process similar to a bankruptcy liquidation.
Microsoft to Debut AI Chip Next Month
Microsoft’s cloud rivals, Amazon and Google, already use their own AI server chips internally, in addition to selling them to customers.
OpenAI Discusses Building Its Own AI Chip
Such a move could put OpenAI in an awkward situation with its cloud provider, Microsoft.
Instagram May Bring Back Cash Bonuses for U.S. Creators
Instagram head Adam Mosseri hopes to bring back cash bonuses for U.S. creators.
Microsoft Plans to Close Activision Deal Next Week
Microsoft initially planned to close the deal in July but was forced to postpone the acquisition while it negotiated with UK regulators.
X CEO Tells Bankers Company is Cash Flow Positive, Except for Debt
Lenders are concerned about the state of the business because they have been unable to sell the Twitter debt since the takeover a year ago.
Mayer’s Candle Media Falls Short of Earnings Projections
Candle is suffering from a pullback in programming by video streaming services.
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