Bakkt Completes Deal for Apex Crypto
The deal will cost Bakkt $55 million in cash, plus stock over the next three years based on the financial performance of Apex Crypto.
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Recent Editions
Endeavor To Buy WWE and Merge It With UFC to Form New Company
Endeavor has acquired a controlling stake in WWE and plans to combine it with the UFC, which it already owns, to form a new public company.
China Launches Cybersecurity Probe into U.S. Chip Maker Micron Technology
The chip sector has become a critical battleground for Washington and Beijing in the two nations’ broader race for technological supremacy.
Instacart Boosts Its Valuation 18%, Mirroring Stock Market Bounce
Other private tech companies could similarly boost their common stock prices.
Tesla First Quarter Car Deliveries Rise 36%
Elon Musk's electric vehicle maker showed a significantly lower growth rate than it did a year earlier as the weak economy hurt sales.
Twitter Releases Part of Its Ranking Source Code
The code, though incomplete, provides some insight into how Twitter’s “For You” page works, including how it has changed under Elon Musk.
Meta Tells Managers to Temporarily Stop Hiring Remote Workers
The company’s directive coincides with a growing desire among tech executives to boost office attendance.
Fidelity Marks Down Twitter Stake Another 7.9%
Fidelity's valuation appears to be too high, judging by where Twitter's publicly-traded rivals are trading in the stock market.
Coinbase Hires Former Shopify Executive as Country Director
The hire comes as Canada has tightened crypto regulations for crypto companies that offer trading.
Circle’s USDC Outflows Exceed $10 Billion Since Crypto Bank Crisis
The stablecoin’s circulation has dropped roughly 24% since the day before Silicon Valley Bank was closed.
Virgin Orbit Lays Off 85% of Staff, Ceases Operations
The layoffs follow failed investor talks
ByteDance’s Founder Met With Walmart CEO Last Week
Walmart agreed to buy a stake in TikTok in 2020, so the latest meeting raises speculation about whether ByteDance is again considering a sale.
Block Responds to Short Seller’s Allegations of Fraud
The Jack Dorsey-founded fintech said that most of its accounts were linked to users with verified identities.
Apple Delays Headset Production to Third Quarter
The latest delay stems from Apple's uncertainty about how the headset will be received in the current economic climate, according to a prominent analyst.
FTC Chair Refused Musk Request for a Meeting
Musk ended up meeting with the FTC's single Republican commissioner.
Roku Lays Off 6% of Workforce
Roku plans to lay off 200 employees. The company said it's aiming to better manage operating expenses amid the ongoing slowdown in the digital ad market.
Meta to Allow European Users to Opt Out of Personalized Ads
Users who want to opt out of personalized ads will be able to submit their request using an online form.
Alphabet’s DeepMind and Google Brain Set Aside Rivalry, Target OpenAI
Also, a prominent Google AI researcher resigned after raising red flags to CEO Sundar Pichai about Bard, the company's ChatGPT clone.
Startup Wiz Finds Critical Azure Flaw Tied to Bing Search
Wiz, a cybersecurity startup co-founded by former Microsoft engineers, adds another flaw to the list of critical Azure flaws its researchers have found.
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