SoftBank-Backed Fintech Startup Klarna Discusses Much Lower Valuation
A down round for Klarna would be the latest example of how the global stock market rout and economic headwinds are dealing a blow to highly valued startups.
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DataRobot CEO Apologizes for Optics of Executives’ Stock Sales
Dan Wright, CEO of AI startup DataRobot, told employees in an all-hands meeting that he didn't realize how executives' share sales last fall would be perceived.
Elon Musk Softens Anti-Remote Work Stance in Twitter All-Hands
Employees who make “exceptional” contributions would be allowed to work from home at a Musk-owned Twitter.
YouTube Shorts Amass 1.5 Billion Monthly Users in Challenge to TikTok
The growth of YouTube Shorts intensifies the short-video battle among tech giants and could pose a challenge to TikTok.
Meta Plans Changes to Feed in Push to Compete with TikTok
The company is also going to re-join the Facebook and Messenger apps.
Three Arrows Capital Founder Tweets Vague Message Amid Liquidation Rumors
Founded in 2012, the hedge fund is reported to have $10 billion under management, according to Bloomberg.
Qualcomm Wins Case Against $1 Billion European Antitrust Fine
It’s the latest setback for Europe’s antitrust regulator, which continues to have massive fines against large U.S. companies fall apart on appeal in the courts.
Short-Video Platform Triller Scraps SeaChange Merger Plans, Plans Listing
The two companies said it wouldn't be possible to complete the merger before the June 30 deadline
Apple Signs Deal to Stream Major League Soccer matches
The move is the latest by the tech giant as it pushes further into live sports.
Coinbase to Lay Off 18% of Employees
Coinbase joins several crypto companies that have announced layoffs in recent weeks including crypto lending startup BlockFi and crypto exchanges Gemini and Crypto.com.
U.S. Lawmakers Eye Law to Limit U.S. Investment in China Tech
The bipartisan bill would grant new powers to the government to screen U.S. companies’ investments into Chinese tech as part of efforts to boost America's competitiveness.
Southeast Asia E-commerce and Gaming Giant Sea Ltd to Cut Jobs
The Singapore-based company will layoff staff in its shopping and food businesses as the tech slowdown spreads across Asia.
Oracle Shares Jump 14% on Cloud Sales Growth
Fresh off the closing of its $28 billion acquisition of healthcare tech giant Cerner, Oracle gives investors a promising view of its cloud business.
Disney Loses Popular Streaming Indian Cricket Rights
The loss raises questions about the future growth of Disney+ globally.
EV Startup Electric Last Mile Solutions to Liquidate
The Michigan-based startup went public via SPAC in June 2021
BlockFi Laying Off 20% of Staff
BlockFi is far from the only company that has been forced to slash staff amid a dramatic crypto market rout.
Amazon, Google Offer Concessions to Resolve European Antitrust Probes
If Amazon and Google can strike deals with the regulator, they would avoid paying fines that could total as much as 10% of annual global revenue.
Google Agrees to Pay $118 Million in Settlement of Gender Discrimination Lawsuit
The company didn't admit to any wrongdoing as part of the settlement in the class action lawsuit started by three women in 2017.
Google Suspends Engineer Who Says Chatbot Is Sentient
The engineer who claims to have found a sentient AI chatbot in Google’s servers said he was suspended for sharing confidential company information with third parties.
Bitcoin Falls After Cryptocurrency Lending Firm Celsius Network Pauses Withdrawals
The firm cited “extreme market conditions” in halting withdrawals and transfers between accounts.
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