Sequoia Capital Marks Down FTX Stake to Zero
The collapse of FTX, which has raised nearly $2 billion, has ramifications for investors as well as the broader crypto world.
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Recent Editions
Roblox Sales Rebound, While Loss Widens on Hiring Costs
The gaming and metaverse platform said bookings, which reflect spending on Roblox’s digital currency, rebounded after falling for two straight quarters.
TSMC to Build Second, More Advanced Factory in Arizona
The move could relieve pressure on consumer electronic giants like Apple, which relies on advanced chips to power the brains of its devices.
Binance Scraps FTX Deal
The planned rescue deal had sent shockwaves through the crypto industry.
Musk Takes Twitter Spaces to Assuage Advertisers
Musk encouraged executives to mirror his own creative use of the platform.
Cameo Lays Off Staff for Second Time This Year
Cameo made its second round of job cuts this year.
Twitter Looks to Become PayPal Rival Processing Crypto and Other Payments
Processing payments could be a new source of revenue under Elon Musk
Binance CEO Says Confidence in Crypto ‘Severely Shaken’ Following FTX Deal
Zhao also shared more details about how the deal with FTX transpired, telling employees there was “no master plan” to acquire FTX.
Meta to Lay Off More Than 11,000 Employees
The company will also extend its hiring freeze into next year, CEO Mark Zuckerberg said in a note to employees.
TikTok Cuts 2022 Ad Sales Outlook to $10 Billion From $12 Billion
TikTok's slashed outlook comes as Meta Platforms and Google are also grappling with a cooling ad market amid a global economic slowdown.
Elon Musk Sells $4 Billion in Tesla Stock
Musk has sold $19 billion in Tesla stock since April when he signed deal to acquire Twitter
SEC Wins Securities Lawsuit Against Blockchain Startup LBRY
The case could have significant implications for other crypto startups that issue tokens.
Affirm Slashes Forecast on Slow Peloton Sales, Inflation Worries
The buy now, pay later provider cited shrinking Peloton sales and rising interest rates as reasons for cutting its sales volume and revenue guidance.
Google Cloud Partner Sada Lays Off 11% of Staff
Sada, a firm that helps Google Cloud customers move to the cloud, is cutting jobs after encountering a slowdown in business during the second half of the year.
Disney Warns on Economic Impact on Disney+ Profit Target
Most of the growth at Disney+ in the quarter came from overseas.
Zoom’s Platform Aspirations Take Shape With Email, Calendar Services
Zoom is best known for the video conferencing service that enabled millions to stay in touch and work remotely during the pandemic, but now it's branching out.
Meta Layoffs to Commence Early Wednesday Morning
A note acknowledging the layoffs will go out to Meta employees at 3am PST on Wednesday.
EU Opens Competition Probe of Microsoft’s $69 Billion Activision Acquisition
The commission said it was concerned Microsoft could block access to popular Activision games like Call of Duty on competitors’ consoles.
Binance to Acquire FTX in Stunning Rescue
Binance CEO said rival exchange FTX was facing a "significant liquidity crunch."
Nvidia Offers New Chip for China to Comply With U.S. Export Rules
The new chip for data centers can be used as an alternative to another Nvidia chip whose exports to China has been blocked due to new U.S. rules.
Weekday mornings
The Information AM by The Information Staff
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