Arm’s IPO Prospectus Marks Key Step Toward Major IPO
The company generated about $675 million in revenue last quarter, down about 2.5% from the same period last year, while profits also fell by more than half.
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Coinbase Buys Minority Stake in USDC Issuer Circle
The Centre Consortium, a Circle- and Coinbase-led nonprofit that managed USDC, is also shutting down.
Bloomberg Overhauls Leadership Ranks
Former Bank of England governor Mark Carney will chair a revamped board
Meta to Launch Web Version of Threads
Introduction of the new feature comes as usage of Threads as reportedly fallen off dramatically.
European Law is About to Take Effect for Big Tech
The Digital Services Act is one piece of a series of laws and regulations that are slowly limiting what big tech firms can do in Europe.
Instacart Revenue Rose 30% Despite Weak Delivery Growth
How investors view Instacart's mixed results will determine its valuation in its upcoming IPO.
Arm’s Revenue Fell 1% Last Year
Details of Arm's financial performance are expected to become public with its IPO filing next week.
Amazon Tries to Attract Creators With Cash Offers for Videos
Creators mocked offers from Amazon to create videos for its new TikTok-like feed for being too low.
Checkout.com Terminates Contract with Binance
Binance was once the largest customer at Checkout, which also works with crypto companies such as Blockchain.com, Crypto.com and MoonPay.
Instacart Aims for September IPO
The listing would cap more than a year of will-they-or-won't-they speculation about the grocery delivery firm's listing aspirations.
Meta Preps Free Coding Software in Challenge to OpenAI
The budding AI-coding sector could be turned upside down.
Microsoft Plans New AI Service With Databricks, Hedging OpenAI Bet
Microsoft has found a second horse to ride in the AI race.
SpaceX Profit Hit $55 Million in First Quarter
Elon Musk’s rocket company reportedly lost $559 million in 2022.
Securitize Buys Crypto Investing Startup Onramp
Securitize offers blockchain-based private equity investments from firms including KKR.
NYC Bans TikTok from City-Owned Devices
The city’s directive cited Office of Management and Budget guidelines and federal legislation that have ordered the same.
Cisco Shares Rise on Strong Order Growth, Demand for AI Projects
Cisco Systems executives struck an optimistic tone on an earnings call, suggesting that customers are loosening the purse strings for AI projects.
GM Leads Investment in Iron-based Battery Maker
Money is part of Mitra Chem's $60 million Series B round.
Amazon to Impose Fee on Merchants Who Do Their Own Shipping
The retailer is imposing the new fee as the FTC is preparing to file a case against it.
Intel Drops Plan to Acquire Tower Semiconductor After China Objects
Intel hoped $5.4 billion deal would help it expand its foundry business.
DOJ Forced Resignation of Pinterest Directors from Nextdoor Board
The Justice Department said it has asked 15 directors to leave 11 boards so far as part of an antitrust sweep.
Weekday mornings
The Information AM by The Information Staff
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