Kraken to Shut Down Staking as Part of SEC Settlement
Staking, a process that pays rewards for locking up tokens on certain blockchains, is a source of revenue for many crypto exchanges.
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Yahoo to Cut Workforce by 20%
Yahoo, which was bought by Apollo for $5 billion in 2021, is shutting down a big part of its ad tech business that helps publishers sell automated ads.
GitHub to Lay Off 300 Employees, Go Fully Remote
The layoffs come as Microsoft cuts jobs across the company in an effort to reign in spending amid slowing sales.
DCG Posted Around $800 Million in Revenue in 2022
Barry Silbert’s crypto company generated more than $1 billion in revenue in 2021.
Activist Peltz Calls Off Disney Proxy Fight
Peltz's move followed a big jump in Disney's stock price since he launched the contest.
Shopify Revamps Shopping App, Heightens Competition With Amazon
The changes come as Shopify aims to expand its offerings as fewer new merchants sign up for its services.
Twitter Introduces Longer Tweets, For Blue Subscribers Only
The announcement could help jumpstart sluggish sales for Twitter Blue, Elon Musk’s signature initiative since taking over in October.
SpaceX to Conduct Key Engine Test on Mars Rocket on Thursday
SpaceX's planned "static fire" test of the engines on its Starship rocket is a key milestone for the project.
Alphabet’s Verily Appoints Biotech Executive As CFO
Utpal Koppikar will be joining the life-sciences unit from Atara Biotherapeutics.
Francisco Partners Nears $1.7 Billion Deal for Sumo Logic
Takeover would value the software company around $12 to $13 per share
Iger Announces Layoffs as Disney Grapples With Streaming Losses
The December quarter showed the impact of rising streaming losses and declining TV profits. Iger outlined a multi-faceted plan to cut costs and rethink the streaming strategy.
Affirm Cuts 19% of Staff, Pulls the Plug on Crypto Service
The installment lender said it would refocus on core projects as rising rates continue to squeeze its business.
Robinhood Reports 5% Jump in Revenue, Plans Share Buyback From Bankman-Fried
Robinhood co-founders Vlad Tenev and Baiju Bhatt also announced that they have canceled nearly $500 million worth of stock awards they were due to receive as compensation.
Former Salesforce Co-CEO to Launch AI Startup With Google Veteran
Bret Taylor, the former Salesforce co-CEO who left last month, is preparing to get back in the game with a new AI startup.
Treasury Warns of Cloud Computing’s Risks to Financial Industry
The department is urging regulators to more closely examine cloud providers’ work with banks.
Amazon Adds Sports Gambling Channel to Free Streaming Service
With the rise of legalized sports betting, media companies including Disney’s ESPN have been making a push into gambling-related programming.
Uber’s Ride Hailing Business Shows Strong Recovery
Uber generated real cash for the full year 2022, a big landmark for the ride hailing and food delivery company.
NYT Co’s Digital Ad Revenues Weaken in Q4
The inclusion of The Athletic helped the Times' digital ad and subscription revenues in the quarter, while The Athletic's losses moderated.
UK Regulator Warns it May Block Microsoft-Activision Deal
The agency could force Microsoft to sell off Activision’s Call of Duty franchise or block the deal entirely.
Goldman Sachs Asset Management Closes $5.2 Billion Growth Fund
The fund is managed by Goldman's growth equity business
Weekday mornings
The Information AM by The Information Staff
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