DOJ Forced Resignation of Pinterest Directors from Nextdoor Board
The Justice Department said it has asked 15 directors to leave 11 boards so far as part of an antitrust sweep.
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The Information AM
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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Recent Editions
Coinbase Approved to Directly Offer Crypto Futures in U.S.
Coinbase already offers futures contracts to both retail and institutional users through Coinbase Derivatives Exchange.
X Throttled Access to Facebook, New York Times and Other Sites
Throttling appears to have been reversed after several hours.
Venture Capital Firms Struggle to Raise Funds in China
Chinese funds hoping to raise U.S. dollars from overseas backers face growing challenges, in part due to rising tensions between Washington and Beijing.
Google’s Rival to OpenAI, Gemini, Will Power Chatbot, Enterprise Apps
Google is about to launch a battle of "multimodal" artificial intelligence software.
Underwear Startup Parade Sells Itself
The deal adds to a wave of sales by direct-to-consumer startups, which have struggled to turn devoted online followings into profitable growth.
Lending Startups Seek Buyers as Rate Hikes Hobble Growth
Venture-backed consumer lending startups are starting to fold their cards.
Yieldstreet Nears a Deal to Buy Real Estate Tech Startup Cadre
Deal would be the latest sign of merger and acquisition activity among troubled startups as founders accept that valuations are not likely to recover.
Amazon Devices Chief to Step Down
Amazon's devices division had wide losses in recent years and was hit hard by layoffs in late 2022.
BuzzFeed Revenue Dropped 27% in Q2, Forecasts Similar Outlook for Q3
BuzzFeed, which is actively shopping Complex Networks assets for sale, also burned through $10 million in cash in the second quarter.
PayPal Appoints Intuit Executive as Next CEO
Alex Chriss oversees Intuit’s QuickBooks and Mailchimp products.
Activist Investor Legion Partners Looks for OneSpan to Sell
OneSpan has posted lackluster revenue growth for the past two years
CoinDesk Lays off 45% of Editorial Staff As it Nears Deal
CoinDesk is close to a $125 million deal to sell a stake in the company to an investor group led by Matthew Roszak of Tally Capital, according to a report.
Alphabet CFO Ruth Porat Lobbied CEO Pichai for New Role in February
Porat will become Alphabet's president and chief investment officer, effective Sept. 1.
Better.com Set to Go Public
The mortgage lender’s SPAC merger had been repeatedly delayed over the past two years.
Sam Bankman-Fried to Be Jailed Until Trial After Judge Revokes Bail
Prosecutors asked the judge to jail Bankman-Fried after they said he shared personal writings of Caroline Ellison with the New York Times.
Cruise, Waymo Can Expand Driverless Taxi Service in San Francisco
California officials gave the companies permission to operate 24/7 in the city.
State Regulators Approve Expanded Robotaxi Service in San Francisco
A vote by state regulators gave Cruise and Waymo the green light to offer paid robotaxi rides at all hours.
Chinese Internet Giants Order $5 Billion Worth of Nvidia AI Chips
Chinese firms including TikTok owner ByteDance are rushing to buy more Nvidia chips amid concerns that the U.S. may impose additional export restrictions.
X CEO Linda Yaccarino: Twitter “Pretty Close to Breakeven” As Some Advertisers Return, But No Specifics
Many advertisers that have resumed buying ads on X this year are not spending at prior levels.
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