Smile DirectClub To Liquidate After Rescue Deal Fails
A potential deal to rescue the once-buzzy tooth straightening startup Smile Direct Club has failed and the company is shutting down, the company said Friday.
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Amazon Asks Court to Dismiss FTC Antitrust Suit
Amazon said the the FTC misrepresented its practices and failed to identify anticompetitive behavior.
Republicans Demand Answers On OCC Boss With Fake Resume
Republican lawmakers called on the banking regulator to answer questions about its fintech chief with “falsified credentials and a questionable background."
David Ellison’s Skydance and RedBird Capital Exploring Paramount Deal
Film producer David Ellison and investor Gerry Cardinale are reportedly exploring either acquiring or investing in Paramount Global or its parent company.
UK Regulator and U.S. FTC Examine Microsoft-OpenAI Deal
The agency will gauge whether Microsoft’s OpenAI investment constitutes a “merger situation” under UK law.
Spotify CFO to Exit
Spotify CEO Daniel Ek said "Spotify is entering a new phase and needs a CFO with a different mix of experiences."
Amazon Pilots Grocery Delivery Subscription Fee
The company is offering unlimited deliveries on orders over $35 from Whole Foods and Amazon Fresh to Prime members who pay an extra $9.99 per month.
Meta Launches End-To-End Encryption as Default on Messenger
The National Center for Missing & Exploited Children said in a blog post that Meta's decision was a “devastating blow to child protection."
Tesla Autopilot Hardware and Dojo Head Leaves Company
Ganesh Venkataramanan left Tesla last month.
Amazon Dropping Venmo as a Payment Method
The decision is a blow to Venmo owner PayPal’s efforts to broaden the app’s usage beyond payments between friends.
Data Center Startup Omniva Emerges From Stealth
Omniva wants to lower the cost of developing artificial intelligence software by designing more efficient data centers for servers that contain AI chips.
SpaceX Valuation Could Surge 17% in New Tender Offer
The size of the offer and other terms haven't been finalized.
AMD Holds Launch Event for AI Chips that Challenge Nvidia
Some of the biggest customers for AMD's new graphics processing units also buy Nvidia’s chips.
OCC Warns Banks of Risks Associated with BNPL Loans
Federal regulators have stepped up their scrutiny of the relationships between banks and fintech firms.
Index Partner Mark Goldberg Leaves to Start Fund
Goldberg, who started at Index in 2015, co-led the firm’s investment in Plaid’s 2018 Series C round.
Bank CEOs Rail Against Capital Rules Before Congress
U.S. banking executives laid out their arguments to a Senate committee on Wednesday on why proposed rules to force them hold more capital would backfire.
New Mexico Lawsuit Accuses Meta of Creating ‘Marketplace for Predators'
The suit, filed Tuesday, comes after a similar action was filed by a group of state attorneys general earlier this year.
ByteDance Offers to Buy Back $5 Billion Worth of Shares From Investors
The offer values ByteDance at $268 billion, down nearly 10% from the $300 billion valuation in a similar buyback program for investors last year.
Boston-based Venture Firm Abruptly Stops New Investments, Cuts Staff
The firm is one of the most vivid examples of the strains on the venture capital industry.
Another Activist Investor Calls for Disney to Add Nelson Peltz to Board
Ancora, a Cleveland-based firm, said Disney should add Nelzon Peltz to its board after the activist investor said he plans to mount a proxy battle.
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