Twitter Imposes Hiring Freeze
Twitter becomes the latest in a spate of companies to signal its intention to be more careful with its spending.
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Recent Editions
Warner Bros Discovery Signs Deal With BT Sport for UK Football Rights
The newly created Warner Bros. Discovery will pay $115 million to telecoms provider BT as part of the 50:50 joint-venture.
SoftBank’s Vision Fund Posts $26.2 Billion Quarterly Loss on Stock Collapse
SoftBank CEO Masayoshi Son said the Vision Fund is becoming more selective with new investments as the firm focuses on "defense."
Instacart Has Confidentially Filed for IPO
The online grocery confirmed reports it had filed to go public as early as this year, though that could change.
Elon Musk’s Initial Disclosure of Twitter Stake Under SEC Scrutiny
The FTC is also investigating how Musk first disclosed his investment.
HR Startup Rippling Valued at $11 Billion After New Funding
The new round more than doubles the startup's previous valuation of $6.5 billion after its last funding in October.
Fifth FTC Commissioner Confirmed, Breaking 2-2 Partisan Divide
With Georgetown law professor Alvaro Bedoya at the FTC, Lina Khan can finally unleash progressive agenda.
Stripe Head of Security Provos to Depart
The ex-Google engineer and blacksmith is taking time off work.
Disney Reports Streaming Subscriber Growth
Disney gave up $1 billion in revenue by terminating early a film licensing agreement with another company so it could use the content on its own services.
Apple TV+ Film Marketing Head Departs
The departure comes as the streaming service has started to have some notable success.
Google Reveals Maps, Privacy, AI Improvements at IO Conference
More immersive Google Maps, AI-powered studio quality lighting and better privacy tools were among the announcements at Google's I/O developer conference.
Shopify Executives Say They’re Personally Buying The Company’s Beaten Down Stock
Shopify founder and CEO Tobi Lutke says he's recently placed an order to buy $10 million of stock.
AI Startup DataRobot Lays Off 7% in Cost-Cutting Move
DataRobot has struggled with revenue growth and internal turmoil, and now it is laying off staff after aggressively hiring last year.
Musk Says Would Reverse Twitter Ban on Trump
The billionaire said it was “morally wrong” to have banned the former president.
SoftBank Likely to Suffer Big Quarterly Loss From Stakes in Tech Firms
The global stock market turmoil has dealt a severe blow to the world's largest tech investment firm.
JPMorgan Reports on “Uninvestable” China Tech Stocks Were Published in Error
The JPMorgan analyst reports, published in March, helped fuel more selloffs of Chinese internet stocks.
Allbirds Slashes Full Year Revenue Guidance Amid Slow International Sales
The sneaker seller is moving forward with plan to open more physical stores at the same time it plans to sell its goods through outside retailers.
Coinbase Reports Drop in Revenue, Active Users
Shares of Coinbase ended down 13% ahead of its first quarter results, bringing the stock to an all-time low closing price of $73. Shares tumbled an additional 15% in after-market trading.
Roblox Shares Fall as Platform’s Covid Boost Continues to Fade
The gaming and metaverse trend-setter saw revenue rise while bookings, which capture spending on Roblox’s digital currency, fell.
DOJ Antitrust Chief Kanter Barred From Working on Google Cases
Kanter previously represented Google opponents in private practice.
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.
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