Twitter’s Daily Revenue Down 40%, 500 Top Advertisers Have Left
New details on the exodus of Twitter advertisers underscores the challenges facing Elon Musk, who has slashed costs aggressively to offset falling revenue.
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China Approves 88 Video Games as Beijing’s Crackdown Eases
The new approvals of online games come as the Chinese government's regulatory crackdown on the broader internet sector continues to ease.
Apple Is Working on a Cheaper Version of Its Mixed Reality Headset
The more affordable headset would cost about one-third of the roughly $3,000 that Apple is likely to charge for its top-of-the-line headset.
Microsoft Preps Thousands of Job Cuts
It follows similar moves by fellow mega-cap tech stocks Amazon, Meta Platforms and Oracle.
Goldman, Morgan Stanley Post Starkly Divergent Earnings Reports
Morgan Stanley is looking to build on its wins, while Goldman is licking its wounds.
Google Cloud Taps Former VMware Exec to Lead Key Business
Google Cloud has brought in Mark Lohmeyer, who for years was a key figure in VMware's cloud business, to lead compute services.
Barry Silbert’s DCG Suspends Quarterly Dividends
DCG told investors that it is focused on “reducing operating expenses and preserving liquidity.”
Disney Rebuffs Peltz’s Criticisms
Disney's presentation showed that Peltz has been lobbying Disney executives and board members for a board seat since last July.
Payments Company Lightspeed Cuts 10% of Staff
Lightspeed Commerce announced it would cut 10% of its staff after making a string of acquisitions in recent years.
Peloton Names Leslie Berland As New CMO
Berland, a Twitter veteran, joins the fitness company as it tries to revive sales of popular exercise equipment.
Big Binance Customers Move 60% of Assets off Exchange to ‘Cold Storage’
Binance announced a new cold storage feature called “Binance Mirror.”
Activist Investor Ryan Cohen Builds Stake in Alibaba
Cohen, the meme-stock king behind the GameStop rally, is pushing Alibaba to beef up its share buyback program.
Microsoft Will Sell Access to OpenAI’s ChatGPT ‘Soon’
The hottest romance in tech is getting even hotter.
TikTok Proposes Transparency on Algorithms to Appease U.S. Regulators
TikTok is offering to reveal more details about how its technology works in a bid to convince U.S. officials of its independence.
Didi Says it Will Restart New User Registration
The Chinese ride hailing company said on social media that new user registration would begin immediately, marking the end of a government cybersecurity investigation.
U.S. Trustee Says FTX Lawyers ‘Too Conflicted’ to Work on Bankruptcy
The trustee wrote that FTX did not fully disclose ties between Sullivan & Cromwell and FTX US’s general counsel, who previously worked at the firm.
Two Co-Founders of Adept, an OpenAI Rival, Suddenly Left to Start Another Company
Niki Parmar and Ashish Vaswani, two prominent artificial intelligence researchers who left Google in 2021 to launch Adept, an AI startup, have departed.
Sequoia Lowers Management Fees on Crypto, Ecosystem Funds
The change by one of Silicon Valley’s most prominent venture firms could spur a ripple effect among similar investment firms.
Tesla Drops Prices As Much as 20% in US and Europe
The move follows price drops in China last week
JPMorgan Says It Expects ‘Mild Recession’ This Year
The four biggest U.S. banks' earnings still topped analysts' forecasts on Friday.
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