Goldman Promotes Posnett to Lead Technology and Media Investment Banking
Posnett is a rising star, having handled deals including Twitter's sale to Musk.
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Recent Editions
AMD’s Revenue Decline is Worsening But CEO Projects Second Half Growth
AMD is faring better than Intel in a weak market for PCs, and the prospects for its other chip businesses are fueling optimism for Chair and CEO Lisa Su.
Snap Begins Testing Sponsored Links in AI Chatbot Conversations
The announcement was Snap’s first concrete example of how it plans to monetize its AI chatbot feature.
TikTok’s U.S. Head of Trust and Safety to Leave the Company
TikTok’s head of U.S. trust and safety is leaving the company next week.
IBM CEO Says AI Could Replace Some Human Resources Jobs
IBM CEO Arvind Krishna isn't sugar-coating the potential impact generative AI could have on certain types of administrative jobs, like human resources.
DCG CFO Steps Down, Q1 Revenue Drops
Without the lending arm of Genesis, DCG’s main money makers are its subsidiaries Grayscale, a crypto investment firm, and Foundry, a crypto mining company.
Robinhood Criticized by AMC CEO for False Bankruptcy Alert
The brokerage app briefly told users on Monday that AMC Entertainment had filed for bankruptcy, according to AMC CEO Adam Aron.
Coinbase Launches International Exchange Offering Perpetual Futures
The exchange will not be open to U.S. investors and that the products will initially be available with up to five times leverage.
Uber Revenues Rise 29% as Ride-Hailing Business Expands
Uber's food-delivery business is growing slowly, while ride-hailing continues to expand.
Chegg Shares Plunge 38% After ChatGPT Warning
Disruptive software firms are being disrupted.
Prospects of Vice Media Bankruptcy Rises as Sale Process Drags On
A bankruptcy filing would be an ignominious end for the media company, which was once valued as high as $5.7 billion.
AI Pioneer Geoffrey Hinton Quits Google
The prominent researcher left in order to speak freely about the risks of AI.
Popular NFT Marketplace Blur Launches Lending Service
The launch comes months after various cryptocurrency lending companies collapsed through 2022 and early 2023.
Photo-Sharing App Poparazzi Is Shutting Down
The social media app encouraged users to post candid photos of their friends.
SoFi Revenue Grows 43% as Loss Narrows
The financial-services firm said it expects to become profitable in the fourth quarter.
Alibaba Founder Jack Ma Takes Up Visiting Professor Role in Japan
Ma's whereabouts and what he is doing have become a subject of controversy and speculation since he largely disappeared from public view a few years ago.
Regulators Seize First Republic Bank, Sell to JPMorgan Chase
JPMorgan's acquisition of First Republic brings to an end weeks of questions about the fate of the San Francisco bank.
Sequoia Capital Hired National Security Advisory Firm as China Deals Draw U.S. Scrutiny
U.S. politicians have been saber-rattling about American investors funding key Chinese tech startups
Apple Drops Lawsuit Against Former Chip Executive Over IP Theft
Apple's request for a dismissal might suggest it will also drop its pending case against Rivos, another chip startup accused of intellectual property theft.
Coinbase CEO’s Pay Shrinks as Stock Slides
Coinbase stock fell 86% in 2022, with shares falling from roughly $250 to start the year to $35 at the end.
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