Rupert Murdoch Steps Down as Chair of Fox and News Corp.
Murdoch, 92, will assume a chairman emeritus role at his two media companies, Fox Corp. and News Corp.
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Instacart Shares Lose Nearly All IPO Gains
The decline deflates some hopes for the IPO market.
Klaviyo Shares Rise 9% in Public Debut
The marketing software company is the third tech firm to go public in the past week.
Apple, Goldman Scuttled Stock-Trading App
Apple and Goldman Sachs were working on a stock-trading app for iPhones until markets soured last year.
U.S. Commerce Chief: There Is No Evidence That China Can Make Advanced Chips at Scale
Commerce Secretary Gina Raimondo's comments come amid questions about whether Washington's efforts to limit China's access to advanced chips are working.
Instacart Shares Gain 12% in IPO Debut
The long awaited offering is stirring the dormant IPO market.
YouTube Cuts Off Russell Brand’s Account From Making Money
YouTube blocked actor Russell Brand's account from earning money after accusations from multiple women of rape, sexual assault and emotional abuse.
Klaviyo Prices IPO Above Range for $9.2 Billion Valuation
The marketing software reportedly priced its IPO at $30 per share.
Google Boosts Bard Chatbot with Gmail, Docs Features
The latest updates to Bard show how Google hopes to compete with ChatGPT and Microsoft.
Elon Musk and Tesla Probed in Federal Criminal Investigation
Federal prosecutors are looking back as far as 2017.
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.
Weekday mornings
The Information AM by The Information Staff
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