Missing China Tech Dealmaker Said to be Cooperating with Authorities on an Investigation
Bao Fan, the founder and CEO of investment bank China Renaissance, is one of the most iconic figures in China’s tech sector.
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Twitter Cuts Senior Leaders in Sweeping Weekend Layoffs
The extent of the cuts suggest that Musk has failed to reverse the steep decline in revenue that has occurred since his takeover.
ChatGPT Off Limits to Wall Street
Some of the biggest banks on Wall Street are reminding staff that third-party software like ChatGPT can’t be used at work.
Vice CEO Nancy Dubuc Exits
Dubuc made progress overhauling Vice but the company still faces major challenges.
Justice Department Accuses Google of Deleting Sensitive Chats
The move is the latest in the federal government’s efforts to turn up the heat on the search giant.
European Commission Bans Use of TikTok on Staff Devices
In the U.S., the federal government and many states have already banned the use of TikTok on government-owned devices.
DOJ Preps Antitrust Suit to Block Adobe’s $20 Billion Figma Deal
Adobe's stock dropped 3.6% following the report
Block’s Cash App Grows to 51 Million Users
The payment company’s consumer unit has also seen more users use other products beyond Cash App’s peer-to-peer payments offering.
DoorDash Challenges Instacart With Aldi Partnership
The partnership marks DoorDash's biggest push yet beyond restaurant deliveries and onto the turf of grocery delivery giant Instacart.
Ozy Media CEO Carlos Watson Arrested on Fraud Charges
Watson became notorious when it was revealed in 2021 that his company, Ozy Media, misled investors about its financial performance and audience size.
Sam Bankman-Fried Hit With New Fraud Charges
The new charges, disclosed in a superseding indictment filed in court Thursday, add to existing fraud and money laundering charges against the former FTX CEO.
Alibaba “Optimistic” About Recovery After 2% Growth in December Quarter
Alibaba is struggling to recover from a tough 2022 when China's Covid lockdowns and fierce competition from fast-growing rivals dealt a blow to its business.
Nvidia Shares Surge Despite Steep Revenue Decline
Despite strong results from Nvidia's data center chip unit, the company couldn't escape the slowdown in technology spending, but investors remain optimistic.
Supreme Court Hears Arguments for Twitter Liability Case
Twitter v. Taamneh was the second case argued before the Court this week about changing major internet regulation rules.
Tesla Opens Global Engineering HQ in California
Tesla CEO Elon Musk and California governor Gavin Newsom announced the new HQ on Wednesday
Amazon Closes $3.5 Billion One Medical Takeover
The Federal Trade Commission chose not to challenge the deal.
Department of Defense Leaves Cloud Server Unsecured for Two Weeks
The DoD says the server misconfiguration has been fixed, but the incident raises questions about its cybersecurity practices as it moves data to the cloud.
FTC Won’t Challenge Amazon’s OneMedical Deal
While the FTC will let the $3.5 billion acquisition close later this week, it is still forging ahead with a broader antitrust probe into Amazon.
Coinbase Revenue Falls 75% as Trading Slumps
Regulators have targeted staking services and stablecoins in recent weeks, posing a potential threat to parts of Coinbase’s business.
Walmart Issues Cautious Guidance For Year Ahead
While the retailer gained traction with wealthier shoppers last quarter, sales shifted more towards lower-margin essential items like groceries.
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.
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