Shopify Lays Off 20% of Employees As It Embraces More Cost-Cutting
The e-commerce software company is looking to refocus on its core business after selling its logistics arm to Flexport.
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Flexport Buys Shopify’s Logistics Business
The sale marks a pivot for the e-commerce software firm, which paid $2.1 billion for Deliverr last summer.
Pay Falls for Many Tech Workers as the Downturn Hits Home
Salaries likely didn't shrink, but bonuses may have declined at companies that missed financial targets and some stock grants fell along with share prices.
Former OpenSea Exec Convicted of Fraud in NFT Insider Trading Case
Prosecutors said the case was the first of its kind involving digital assets.
FTC Seeks To Block Meta From Releasing New Products Until Privacy Concerns Resolved
A representative for the FTC said Meta had "repeatedly violated its privacy promises."
Goldman Promotes Posnett to Lead Technology and Media Investment Banking
Posnett is a rising star, having handled deals including Twitter's sale to Musk.
AMD’s Revenue Decline is Worsening But CEO Projects Second Half Growth
AMD is faring better than Intel in a weak market for PCs, and the prospects for its other chip businesses are fueling optimism for Chair and CEO Lisa Su.
Snap Begins Testing Sponsored Links in AI Chatbot Conversations
The announcement was Snap’s first concrete example of how it plans to monetize its AI chatbot feature.
TikTok’s U.S. Head of Trust and Safety to Leave the Company
TikTok’s head of U.S. trust and safety is leaving the company next week.
IBM CEO Says AI Could Replace Some Human Resources Jobs
IBM CEO Arvind Krishna isn't sugar-coating the potential impact generative AI could have on certain types of administrative jobs, like human resources.
DCG CFO Steps Down, Q1 Revenue Drops
Without the lending arm of Genesis, DCG’s main money makers are its subsidiaries Grayscale, a crypto investment firm, and Foundry, a crypto mining company.
Robinhood Criticized by AMC CEO for False Bankruptcy Alert
The brokerage app briefly told users on Monday that AMC Entertainment had filed for bankruptcy, according to AMC CEO Adam Aron.
Coinbase Launches International Exchange Offering Perpetual Futures
The exchange will not be open to U.S. investors and that the products will initially be available with up to five times leverage.
Uber Revenues Rise 29% as Ride-Hailing Business Expands
Uber's food-delivery business is growing slowly, while ride-hailing continues to expand.
Chegg Shares Plunge 38% After ChatGPT Warning
Disruptive software firms are being disrupted.
Prospects of Vice Media Bankruptcy Rises as Sale Process Drags On
A bankruptcy filing would be an ignominious end for the media company, which was once valued as high as $5.7 billion.
AI Pioneer Geoffrey Hinton Quits Google
The prominent researcher left in order to speak freely about the risks of AI.
Popular NFT Marketplace Blur Launches Lending Service
The launch comes months after various cryptocurrency lending companies collapsed through 2022 and early 2023.
Photo-Sharing App Poparazzi Is Shutting Down
The social media app encouraged users to post candid photos of their friends.
SoFi Revenue Grows 43% as Loss Narrows
The financial-services firm said it expects to become profitable in the fourth quarter.
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