Insider to Lay Off 10% of Staff
Insider is laying off 10% of its staff, company president Barbara Peng said in an email to employees Thursday morning.
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BuzzFeed Closes BuzzFeed News As Part of Broader Cost-Cutting
BuzzFeed is grappling with a weak digital ad market and diminishing cash reserves.
SpaceX’s 400-Foot Starship Rocket Exploded During Its Inaugural Launch
Despite exploding, SpaceX still considers the launch a success.
Police Arrested a Leader at Elon Musk’s OpenAI Rival For Domestic Violence
News of the arrest could complicate recruiting efforts for the new company.
Snap CEO Says He Would ‘Love’ a TikTok Ban
Spiegel said he thinks there are “legitimate national concerns” about the app.
Tesla’s Margins Fall Amid Price Drops
The electric vehicle company reported 19.3% gross margins for the first quarter.
Stability AI Unveils Language Model to Compete With OpenAI
Stability AI is best known for open source software that can create original images from simple text descriptions, and now it's getting into conversational AI.
Microsoft Drops Twitter from Social Media Management Tool
Microsoft's advertising business is dropping access to Twitter from its social-media management tool, which lets marketers create, draft and schedule posts.
SeatGeek Files Confidentially to Go Public
Event ticketing company SeatGeek filed confidentially with regulators this month for an initial public offering, The Information exclusively reported.
Morgan Stanley Profit Drops 20% on Dealmaking Slowdown
Under CEO James Gorman, Morgan Stanley has invested heavily in wealth management, which is a more stable income stream than trading or investment banking.
Meta Begins Next Round of Layoffs
The cuts are part of the company's second round of layoffs since November.
Roku Makes New Bid for TV Ad Dollars
Roku is promising advertisers that its platform can reach more U.S. households during primetime hours than the average show on a top-five cable network.
Chipmaker’s Stock Rose 4% on False Speculation It Was Behind Microsoft’s AI Chip
The speculation may have arisen because Google uses Marvell's design for a server chip for AI.
Meta Opens Horizon Worlds VR App to Teens
Meta said the roll out will come with a “robust set of age-appropriate protections and safety defaults.”
Fox News and Dominion Settle Lawsuit
Fox acknowledged the court's rulings that certain claims about Dominion were false.
Netflix Reports Weak Revenue and Subscriber Growth in Q1
The results suggest Netflix's introduction of advertising isn't having a big impact on revenue yet.
Goldman Profit Falls on Weaker Revenue, Higher Costs and Marcus Loss
The Wall Street bank is bearing the costs of its revamp.
SEC Sues Crypto Exchange Bittrex and Its Former CEO
The lawsuit comes more than a week after Bittrex announced it was winding down operations in the U.S., citing economic conditions and the U.S. regulatory environment.
Netflix Stock Drops After ‘Love is Blind’ Glitch
The technical glitch marred Netflix's reputation for technical excellence.
Apple Launches High-Interest Savings Accounts With Goldman
Accounts, available to Apple Card users, will pay 4.15% APY.
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