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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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Recent Editions

Briefing

China Investigates Executives at Big Semiconductor Investment Fund

Aug 11, 2022 · 3:38am PDT
China’s anti-graft watchdog is investigating three former officials connected to the National Integrated Circuit Industry Investment Fund, a state-backed fund for the semiconductor industry.
Briefing

SoftBank Expects $34 Billion Gain From Sale of Alibaba Shares

Aug 11, 2022 · 1:36am PDT
The move comes as this year’s global stock market rout has dealt a severe blow to SoftBank's vast portfolio of public and private tech companies.
Briefing

Cisco Confirms its Network Was Breached by Ransomware Hackers

Aug 10, 2022 · 5:52pm PDT
Cisco says hackers used phishing techniques to break into an employee's personal Google account and gain access to its corporate network.
Briefing

Former Meta Exec Joins Dapper Labs

Aug 10, 2022 · 4:41pm PDT
Grudin joins a string of other veterans of Big Tech companies to join crypto-related startups.
Briefing

Disney+ Adds 14.4 Million Subscribers, Announces Ad-Supported Tier

Aug 10, 2022 · 3:44pm PDT
Disney’s streaming services beat analyst expectations for subscriber growth with heavy gains outside North America.
Briefing

Meta Raises $10 Billion in Bond Market Debut

Aug 10, 2022 · 2:56pm PDT
The Facebook parent’s first ever corporate bond offering will help the company fund share buybacks amid dimming financial prospects.
Briefing

Microsoft Lays Off 200 People in Family-Focused App Business Amid Broader Belt-Tightening

Aug 10, 2022 · 9:58am PDT
Microsoft is laying off 200 people in its family-focused app business as cloud and advertising revenue growth slows.
Briefing

Unity Announces China Joint Venture With Partners Including Alibaba, ByteDance

Aug 10, 2022 · 1:02am PDT
Unity hopes the local joint venture will help accelerate the U.S. gaming software maker's expansion into China.
Briefing

Former Twitter Employee Convicted of Spying for Saudi Arabia

Aug 9, 2022 · 5:26pm PDT
Prosecutors allege that Ahmad Abouammo shared the personal information of Saudi dissidents with an official affiliated with the Saudi government.
Briefing

The RealReal Slashes Revenue Guidance, Blaming Labor Shortage

Aug 9, 2022 · 3:39pm PDT
The online luxury consignor posted stagnant revenue growth but improved net losses in the second quarter of the year.
Briefing

Coinbase Revenue Slumps, Users Drop

Aug 9, 2022 · 2:29pm PDT
The U.S. crypto exchange reported a $1.1 billion net loss, its largest since going public
Briefing

AppLovin Launches Unsolicited $17.5 Billion Bid for Unity Software

Aug 9, 2022 · 11:45am PDT
The game software maker AppLovin said its bid is contingent on Unity terminating a separate offer to buy ironSource.
Briefing

Snap Is Planning to Lay Off Employees

Aug 9, 2022 · 7:05am PDT
Snapchat parent company Snap is planning layoffs after disappointing second-quarter financial results.
Briefing

Galaxy Digital Quarterly Losses Triple

Aug 8, 2022 · 7:50pm PDT
Shares of the crypto financial services firm rose after the company posted positive free cash flow and digital asset prices rose over the weekend.
Briefing

Palantir Plunges 14% After Scaling Back its Annual Forecast

Aug 8, 2022 · 7:47pm PDT · 1 comment
The company generated ample free cash flow despite a net loss, but said it expected fiscal year revenue to grow 23%, down from the 27% guidance it gave last quarter.
Briefing

Salesforce Promotes 23-Year Veteran Millham to COO Role

Aug 8, 2022 · 7:08pm PDT
Salesforce co-founder and co-CEO Marc Benioff is switching leaders for the company's global sales organization.
Briefing

Allbirds Further Slashes Full Year Guidance Amid Slower Growth & Increased Losses

Aug 8, 2022 · 3:59pm PDT
The popular wool sneaker seller saw its operational costs rise in the second quarter as it continued its aggressive physical store expansion.
Briefing

Nvidia Issues Revenue Warning for July Quarter, Shares Drop 8%

Aug 8, 2022 · 2:03pm PDT
Nvidia says weakening demand for gaming chips caused it to fall far short of its quarterly revenue targets, although its data center business was strong.
Briefing

Axios Selling Itself to Cox Enterprises for $525 Million

Aug 8, 2022 · 8:45am PDT
The digital media outlet, which had raised $55 million since 2016, will continue its push into local news as part of the telecom conglomerate.
Briefing

SoftBank Reports Record $23.4 Billion Loss on Stock Market Rout

Aug 8, 2022 · 12:23am PDT
During the quarter through June, the sharp decline of tech stocks dealt a severe blow to Vision Fund's vast portfolio.