Elon Musk and Tesla Probed in Federal Criminal Investigation
Federal prosecutors are looking back as far as 2017.
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Warner Bros. Discovery’s Max Service to Add Live Sports Tier
The new Bleacher Report-branded streaming tier will be free for Max subscribers until early next year, when it will cost $10 extra per month.
Leaked Microsoft Documents Detail New Xbox Console, Possible Acquisitions
Microsoft has subsidized its Xbox unit to make the console competitive with Sony’s Playstation on price.
FTX Sues Sam Bankman-Fried’s Parents to Claw Back Funds
The lawsuit alleged that Joseph Bankman and Barbara Fried “exploited their access and influence within the FTX enterprise to enrich themselves.”
‘Less is More’ in Next Stage of VC Investing in China
Chinese venture capitalists' discussions at a major investment conference in Singapore highlight the challenges facing the VC sector.
CrowdStrike Finalizes Deal For Bionic For About $350 Million
Backed by Insight Partners and Battery Ventures, Bionic develops software that helps companies protect applications from security threats
Square CEO to Depart in October
Alyssa Henry has been Square’s top executive since February.
Instacart Prices IPO at $9.9 Billion Valuation
Instacart is taking a big valuation cut from its 2021 fundraising in its long-awaited IPO.
Stitch Fix Plans to Shutter U.K. Operations Amid Cost Cutting
Walmart alum Matt Baer has been tasked with turning around the former e-commerce darling.
Musk Says X, Formerly Twitter, Will Charge All Users to Use Platform
It’s unclear whether Musk’s remarks on Monday reflect an active effort at the company.
Microsoft Product Chief Panay Resigns, Said to Take Job at Amazon
Panay oversaw the development of Microsoft’s Surface tablet and, more recently, ran the Windows business.
Klaviyo Boosts IPO Valuation Target to Around $9 Billion
The increase follows Arm’s strong debut last week.
SoftBank Seeks Deals to Invest in OpenAI or Other AI Firms
The successful initial public offering of SoftBank-owned chip designer Arm is enabling the Japanese investment firm to become more aggressive.
Y Combinator Leaders Feud With Fellow Accelerator Chief
Over the weekend, leaders from two startup accelerator programs argued online.
ByteDance, CFIUS Reportedly Resume Negotiations
The new talks center on the progress the company has made to implement Project Texas, The Washington Post reported.
Instacart Raises Valuation Target to Nearly $10 Billion
An updated IPO filing shows that the company plans to price its shares between $28 and $30, translating to a fully-diluted equity value of $9.3 billion to $9.9 billion.
Flexport Revenue Drop Showed Extent of Freight Slowdown
The venture-backed startup also burned through cash.
Adobe Forecasts 10% Sales Growth, Releases Firefly More Widely
The company has been integrating generative AI into several of its flagship products, such as Photoshop.
Microsoft to Host Some Oracle Servers to Speed Customers’ AI Development
The agreement is exclusive, making Microsoft the only other cloud provider to host Oracle Database.
Arm Stock Price Pops By Nearly One-Quarter After First Trading Day
The share price Arm Holdings ended Thursday at $63.59, up nearly 25% above the initial public offering price, a strong early sign for the tech listing market overall.
Weekday mornings
The Information AM by The Information Staff
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