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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

Fast-Fashion Online Retailer Shein Mulls Becoming a Marketplace 

Dec 12, 2022 · 2:59am PST
The company told investors it was exploring selling merchandise from third-party retailers in a move that would put it in direct competition with Amazon and Alibaba’s overseas operations.
Briefing

Microsoft to Take 4% Stake in London Stock Exchange 

Dec 12, 2022 · 2:49am PST
The stake comes as part of a 10 year deal to host the exchanges data on Microsoft servers. 
Briefing

Twitter to Relaunch Twitter Blue with Higher Prices for Apple Users

Dec 11, 2022 · 10:42pm PST
The social media platform will charge $11 for users who sign up through Apple iPhones compared to $8 for others, the company said.
Briefing

SEC Easing Rules Around Raising Money in Direct Listings

Dec 9, 2022 · 3:27pm PST
New price flexibility may encourage more companies to do direct listings that raise additional capital
Briefing

Sam Bankman-Fried Secretly Funded The Block Through Loans to CEO

Dec 9, 2022 · 1:27pm PST
Former CEO Michael McCaffrey resigned Friday, with former Chief Revenue Officer Bobby Moran taking his place.
Briefing

Bankman-Fried Open to Testifying at House Hearing, Mum on Senate

Dec 9, 2022 · 8:28am PST
The former FTX CEO did not comment on a Senate Committee’s request seeking his testimony for a later hearing.
Briefing

Getir Buys Gorillas in $1.2 Billion Grocery App Deal

Dec 9, 2022 · 6:34am PST
Investors have soured on rapid delivery, and the combined companies’ valuation is well below Getir’s $11.8 billion valuation in March.
Briefing

Letter From Foxconn Helped Spur China’s Reopening

Dec 9, 2022 · 1:11am PST
The founder of Apple supplier Foxconn wrote to Chinese President Xi Jinping warning that Covid lockdowns threatened China’s place in the global supply chain.
Briefing

Instant Delivery Startup Gorillas in Talks to be Acquired by Rival Getir at $1.7 Billion Valuation

Dec 8, 2022 · 4:44pm PST
The nearly 50% valuation cut is a sign of the pressure instant delivery companies have been under as venture funding for money-losing startups has dried up.
Briefing

Airtable Lays Off 20%, Replaces Product and Sales Chiefs

Dec 8, 2022 · 3:44pm PST
Airtable, which benefited from investors' interest in remote work companies during the pandemic, is cutting staff and refocusing on large customers.
Briefing

Ex-Twitter Employees File Class Action Lawsuit Alleging Sex Discrimination

Dec 8, 2022 · 1:29pm PST
A San Francisco judge will hear arguments Thursday over Twitter’s forced arbitration agreements
Briefing

Meta Faces FTC In Court Over VR Acquisition

Dec 8, 2022 · 1:03pm PST
Meta CEO Mark Zuckerberg and CTO Andrew Bosworth are both listed as potential witnesses in the case.
Briefing

FTC Sues to Block Microsoft’s $69 Billion Activision Acquisition

Dec 8, 2022 · 11:38am PST
The FTC is taking aggressive steps to stop the biggest companies from buying rivals, despite the risk of losing those battles in court.
Briefing

Amazon Launches TikTok-style Shopping Feed

Dec 8, 2022 · 10:57am PST
The feature will serve customers a continuous feed of photos and videos of products.
Briefing

TikTok Is Sued by Indiana

Dec 7, 2022 · 11:45pm PST
The state filed two lawsuits against the popular short video app accusing it of targeting young teens and misleading users. 
Briefing

Musk’s Bankers Consider Replacing Twitter Debt With Tesla Margin Loans

Dec 7, 2022 · 10:46pm PST
A swap would lower the costs for Twitter as it encounters advertising headwinds.
Briefing

Rent the Runway Raises Revenue Guidance, Shares Surge

Dec 7, 2022 · 3:26pm PST
Rent the Runway share prices surged over 27% as the clothing rental company posted record quarterly revenue and boosted its guidance for the remainder of its fiscal year.
Briefing

Binance.US Slashes Some Trading Fees in Land Grab for New Customers

Dec 7, 2022 · 3:07pm PST
The latest fee cut for Binance.US could help it woo former FTX customers.
Briefing

Amazon Adds Four Executives to CEO Andy Jassy’s S-Team

Dec 7, 2022 · 1:19pm PST
The new S-Team members include executives working on media and devices.
Briefing

Plaid Cuts 20% of Staff After Growth Falls Short

Dec 7, 2022 · 11:46am PST
Plaid sells software to other fintech companies, making it a bellwether for the state of fintech as a whole.