Vox Media Lays Off 7% of Staff
The company cites worsening economic conditions amid a slowdown in the ad market as a reason for the cuts, which span all departments including editorial and revenue.
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Recent Editions
Tesla and Twitter Engineer Sheen Austin Has Left Both Firms
Austin announced his departure in an email to Tesla staffers on Thursday
Wayfair Slashes 18% of Corporate Workforce
The cuts are Wayfair’s second round of layoffs in six months as the company confronts slowing sales.
Top Genesis Creditors Include Marcelo Claure and Decentraland CFO
Genesis owes its 50 top creditors $3.4 billion. The list also includes customers of the Gemini Earn program, venture and asset management firm Mirana, crypto lender Babel Finance and crypto hedge fund Coincident Capital.
Genesis Files for Bankruptcy
The bankruptcy is the latest fallout from the collapse of the crypto market.
Google Cuts 12,000 Jobs
Google's cuts were expected, following cuts at other Alphabet units, and also followed big cuts made in recent days by Microsoft and Amazon.
EU Official Tells TikTok to Comply With New Digital Rules or Face Ban
The growing pressure from EU officials come as TikTok, owned by China's ByteDance, is grappling with a threat of a ban in the U.S.
Nexo Agrees to $45 Million Settlement with SEC, States Over Lending Product
The SEC sued Gemini and Genesis last week over a similar lending product it offered to Gemini customers.
Twitter Officially Bans Third-Party Clients
The ban, buried in an update to Twitter’s developer agreement on Thursday, came a week after the apps stopped working.
Wayfair Plans Second Round of Job Cuts in Six Months
The online furniture retailer’s sales had spiked during the pandemic but have slumped this year.
Netflix’s Hastings Gives Up Co-CEO Title as Company Reports Anemic Revenue Growth
The streaming service's fourth quarter earnings showed stronger than projected subscriber growth, a sign that the introduction of a low-priced ad tier brought in more users.
Instagram Introduces New Screen Time Management Tool
Users looking for a break from constant notifications can now switch on “quiet mode,” Instagram’s in-app “do not disturb” feature.
Walmart Hires Former Amazon, Apple Networking Guru
Walmart, which uses Microsoft Azure and Google Cloud in addition to its own private data centers, brings in a networking veteran with a track record of disruption.
Amazon Prime Video Adds DAZN Sports Service to Lineup
The feature makes it easy for Prime Video subscribers to subscribe to the channels, while Amazon takes a cut of the subscription price.
FTT Token Jumps 24% After FTX CEO Says Crypto Exchange Could Restart
Ray said in the interview that he created a task force to explore reopening the exchange.
Amazon Ends AmazonSmile Charity Donations
The feature let customers donate 0.5% of eligible items’ purchase prices to charity.
Spotify, Others Beg European Regulators to Act Faster Against Apple
Eight tech companies and industry associations asked the European Commission to curb Apple's behavior more swiftly.
Musk Goes to Trial Over ‘Funding Secured’ Tweet
Lawyers sparred over whether Elon Musk's 2018 tweet about taking Tesla private was securities fraud.
TikTok Tests Out Podcasts Feature
The new tool allows users to hear a video’s audio after switching the app to the background.
Shein In Talks For Funding That Would Slash Valuation by 35%
The Chinese fast-fashion retailer is in talks to raise between $1.5 billion and $3 billion from its existing investors and is reportedly exploring a push into payments.
Weekday mornings
The Information AM by The Information Staff
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