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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

FTX, Binance CEOs Square Off Over FTX’s Native Token

Nov 7, 2022 · 8:52am PST
Binance’s move to dump FTT comes after CoinDesk reported that the tokens make up the largest asset on the balance sheet of Alameda Research, the crypto trading firm co-founded by Bankman-Fried.
Briefing

Apple Warns “Significantly Reduced Capacity” at iPhone Factory in China Under Covid Controls

Nov 6, 2022 · 10:37pm PST
The production at the plant in Zhengzhou, which makes the iPhone 14 Pro and iPhone 14 Pro Max, has been curtailed as the city imposes strict Covid controls.
Briefing

Meta Platforms to Lay Off Thousands This Week

Nov 6, 2022 · 1:56pm PST
Word of Meta's upcoming layoffs come just days after Twitter cut about half its workforce, or 3,700 people, and other companies such as Stripe and Lyft also instituted mass layoffs.
Briefing

Twitter Asks Some Fired Employees to Return

Nov 6, 2022 · 1:49pm PST · 2 comments
Twitter is asking some fired employees to return and delaying the rollout of verification changes until after the midterm elections.
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Apple Pauses Hiring Outside R&D

Nov 4, 2022 · 11:26am PDT
The hiring pullback comes as Apple expects revenue growth to slow during the holiday season.
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Elon Musk Says Twitter Is Seeing Revenue Drop

Nov 4, 2022 · 9:41am PDT
Advertisers pause Twitter spending amid downturn in ad market
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Twitter Employees File Lawsuit Alleging Federal Labor Violation

Nov 4, 2022 · 9:16am PDT · 1 comment
Twitter has discussed laying off about half of its workforce and has started to implement cuts Friday
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Twitter Will Shut Down Newsletter Product Revue By Year End

Nov 4, 2022 · 8:06am PDT
Twitter plans to discontinue its newsletter product Revue by the end of this year.
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Apple Adds Second iPhone 14 Supplier in India as China Struggles with Covid Controls

Nov 4, 2022 · 3:26am PDT
Apple added Taiwanese manufacturer Pegatron as the second firm to produce the phone in India.
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Twitter Employees to Learn of Layoffs Friday Morning

Nov 3, 2022 · 5:38pm PDT
Twitter sent an email Thursday alerting employees to the impending layoffs, the first communication since the Musk takeover.
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Block Shares Jump On Cash App Growth

Nov 3, 2022 · 4:16pm PDT
Block shares rose around 11% after hours, as the company reported strong gross profit and user growth for Cash App.
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E-Commerce Layoff Tally Mounts With Faire, Affirm Cuts

Nov 3, 2022 · 3:47pm PDT
Faire, Affirm are among e-commerce and payments firms that have cut jobs as online shopping growth slows.
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DoorDash Reports Higher Revenue for Q3

Nov 3, 2022 · 3:26pm PDT
DoorDash's business grew in part because of its recent acquisition of European delivery business Wolt.
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Coinbase Revenue Drop Cushioned By Interest Income

Nov 3, 2022 · 3:24pm PDT
Coinbase’s crypto trading volume plunged versus last year. One bright spot was a jump in interest income from its UDSC stablecoin partnership.
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OpenAI Launches DALL-E 2 Service for Software Developers

Nov 3, 2022 · 3:17pm PDT
Startup OpenAI is now selling access to an API that could kindle more interest in the technology from developers that work with generative AI.
Briefing

Warner Bros. Discovery Reports Lower Revenue and Profits

Nov 3, 2022 · 1:33pm PDT
The company, formed from the merger of WarnerMedia and Discovery, was hit by the weaker ad market and the stronger dollar.
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Amazon Freezes Corporate Hiring

Nov 3, 2022 · 11:25am PDT
Amazon has implemented a hiring freeze for its corporate workforce, the company announced Thursday, citing the "unusual macro-economic environment."
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Lyft Lays off 13%

Nov 3, 2022 · 11:07am PDT
It’s the second round of cuts the company has made in four months.
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Fidelity Launches Waitlist for Retail Crypto Trading Platform

Nov 3, 2022 · 9:35am PDT
Fidelity will take a small portion of each trade by factoring a spread of 1% on each transaction.
Briefing

Stripe Cuts 14% of Staff, Was ‘Much Too Optimistic’ About E-Commerce Boom

Nov 3, 2022 · 8:17am PDT
Stripe co-founders said they over hired and grew operating costs at the payments giant too quickly.