Gemini Sues Barry Silbert, DCG as Genesis Restructuring Stalls
The lawsuit alleges that Silbert and DCG lied about the financial health of crypto lender subsidiary Genesis before it filed for bankruptcy.
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Bluesky Reaches 1 Million Downloads as Threads Topples 70 Million
Bluesky reached an important milestone this week as Threads, Meta's Twitter competitor, experienced explosive growth.
Apple Will Require Appointments to Test Vision Pro Headset
The company plans to set up special areas in its retail stores for appointment-only tests of the headset.
Musk Sues Wachtell, Lipton To Recover $90 Million Fee
Wachtell represented Twitter in its litigation against Musk that began when the billionaire tried to walk away from his agreement to buy Twitter.
PE Firm Buys Controlling Stake in Worldpay at $18.5 Billion Valuation
FIS bought the payment processing business for cash and stock in 2019.
Top Binance Executives Quit
The executives are resigning over Binance CEO Changpeng Zhao’s response to a long-running investigation by the U.S. Department of Justice, Fortune reported.
Threads App Reaches More Than 30 Million Signups
In a post about the numbers, Zuckerberg said it "feels like the beginning of something special."
Former Showtime Boss David Nevins Named CEO of Peter Chernin’s Studio
Nevins reportedly said he will look for acquisitions for North Road Company, which raised $150 million from the Qatar Investment Authority earlier this year.
Twitter Reportedly Threatens to Sue Meta Over Threads
A lawyer for Twitter accused Meta of "systematic, willful, and unlawful misappropriation of Twitter's trade secrets" in building the new Threads app.
Affirm Axes Returns Management Service It Bought in 2021
Affirm bought Returnly in mid-2021 in a deal valued at $300 million.
Tesla Signs Pledge to End Price War in China
The Austin, Texas-based Tesla committed to upholding "core socialist values."
IRL Founder Responds to Claims That Most Users Were Bots
IRL's founder questioned why a report estimating that 95% of the app's users were bots had not been released.
State Department Cancels Meta Meeting After Court Ruling
The department's move came after a federal judge this week blocked the Biden administration from pressuring social media firms to remove content.
Instagram’s Twitter Rival App, Threads, Goes Live
Users of the app can write posts up to 500 characters long.
Former Twitter, Giphy Executives Launch Personal Assistant AI Startup
The company, Lighty AI, will first target product and engineering managers.
Amazon CEO Andy Jassy Scrutinizes Studio’s TV Spending
At the same time, Amazon has been looking to expand its Prime Video Channels service.
Biden Aims to Restrict Chinese Companies’ Access to U.S. Cloud Computing Services
The new rule being proposed by the administration could limit U.S. cloud providers' ability to provide their services to Chinese customers.
Court Blocks Biden Administration From Pressuring Social Media Firms Over Covid ‘Disinformation'
The ruling will weaken the administration's efforts to fight what it calls disinformation around Covid and other contentious subjects.
Instagram’s Twitter-Like App Nears Launch
Threads is targeting an audience who wants to chat about current events and trending topics, areas where Twitter has had an edge.
TweetDeck to Become Verified-Only Feature
Making TweetDeck available only to verified users is likely a play to drive more subscriptions for Twitter Blue.
Weekday mornings
The Information AM by The Information Staff
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