Warner Bros. Discovery Braces Itself for “Messy” 2022-CFO
Warner Bros. Discovery is looking at a tough year as it seeks to hit its goal of $3 billion in cost savings.
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Fidelity to Offer Exposure to Bitcoin Through 401(k) Plans
Fidelity, which is the biggest U.S. retirement plan provider, works with more than 20,000 companies.
Twitter Co-Founder Dorsey Says Trusts Musk to “Extend the Light of Consciousness”
In a tweet, Jack Dorsey said he doesn’t think anyone should own Twitter, but that Elon Musk can solve the company’s problems.
TikTok Owner ByteDance Hires Senior Lawyer as CFO
ByteDance's hiring of Julie Gao comes as the world's most highly valued startup navigates a challenging regulatory environment in China and globally.
Bezos Asks if Tesla’s Big China Sales Make Musk Vulnerable to Pressure About Twitter
The Amazon founder who also owns the Washington Post later said he didn’t think it would lead to censorship of Twitter, but could pose problems for Tesla in China.
OpenSea Acquires NFT Aggregator Gem
The deal will help OpenSea better serve its more sophisticated users, OpenSea co-founder and CEO Devin Finzer said in a blog post.
Musk to Acquire Twitter, Company Confirms
The board accepted Musk's offer just 10 days after he made it, abandoning its innitial opposition once Musk detailed his financing.
Musk and Twitter Near a Deal, Reports Say
A deal would be a stunning turnaround for Twitter's board, which had appeared so opposed to Musk's offer that it instituted a poison pill to block him making a tender offer.
Musk’s Texts Show Tussle with Saudis in ‘Funding Secured’ Debacle
Texts between the Tesla CEO and a major Saudi Arabian shareholder in 2018 reflect the period after Musk's questionable tweet that he had secured funding to take the company private.
Alphabet’s Robotics Subsidiary Acquires AI Startup Vicarious
Vicarious, whose founders in 2010 talked with their counterparts at DeepMind about merging the two startups, is joining Alphabet's industrial robotics company.
India’s Ola Electric Recalls 1,441 Scooters After Fire Incident
Ola Electric, whose backers include SoftBank and Tiger Global, said it views the fire incident as an isolated case and the recall is a "pre-emptive measure."
Self-Driving Startup Pony.ai Obtains Taxi License in China
The company plans to start charging fares for robotaxi rides in the southern Chinese city of Nansha next month.
Twitter Discusses Deal to Sell to Elon Musk: WSJ
Musk met with some large shareholders to argue the advantages of his proposal.
Coinbase CEO Criticizes Apple for ‘Potential Antitrust Issues’
Apple’s App Store prohibits crypto apps from giving currency to users who complete certain tasks like encouraging others to download the app.
FTC Can’t Block Allegedly Deceptive TurboTax Ads
The FTC accused Intuit of deceptively advertising TurboTax as free.
Stripe Partners with Twitter on Crypto Payouts for Creators
The move is the latest initiative from Stripe to expand its support for crypto, four years after it abandoned support for Bitcoin payments.
China’s Senior Officials Ask for Revisions to Didi Global’s Penalties
Didi, which will hold a shareholder vote next month to approve its delisting in the U.S., continues to face many regulatory uncertainties in China.
Chinese E-Commerce App Xiaohongshu Cuts 9% of Staff
China's e-commerce sector is grappling with an economic slowdown and the country's recent Covid-19 lockdowns that have severely affected supply chains.
AWS CEO Says No Current Plans for Spinoff
Adam Selipsky, who returned to AWS as CEO last July, said Amazon isn't mulling a spinoff of the cloud unit.
Snap Warns on Second Quarter as Economic Headwinds Rise
War in Ukraine, which prompted pause in advertising, compounded challenges from Apple’s privacy changes.
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