House Committee Approves Bill to Give Biden Power to Ban TikTok
This is the latest indication of Washington’s growing pressure on TikTok, the popular video app owned by Chinese internet giant ByteDance.
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Tesla’s Wants to Grow Car Sales from 1.3 million in 2022 to 20 Million
Tesla didn't say when it intends to reach this goal.
Salesforce Shares Jump 15% Despite Weak Revenue Forecast
Salesforce is facing a slowdown in tech spending and pressure from multiple activist investors, but investors are still apparently bullish on its future.
Amazon Ring Founder Steps Down as CEO
Elizabeth Hamren, who most recently was Discord’s COO, will replace founder Jamie Siminoff as Ring's CEO.
Vice’s Head of News and Entertainment Departs Company
Jesse Angelo, global president of news and entertainment at Vice Media, is leaving the struggling digital-media firm a few days after its CEO departed.
Crypto Traders Pull Over $5 Billion From Binance-Branded Stablecoin
Rival stablecoins Tether and USDC have become more popular since BUSD issuer Paxos said it would stop new issuances at the request of New York regulators
Meta Plans Four New AR/VR Devices in Next Four Years
The report is the most complete picture yet of Meta’s technical roadmap for AR/VR devices.
Top U.S. House Democrat Opposes Law Granting Biden Power to Ban TikTok
The opposition to the proposed bill by a leading Democrat shows there may not be widespread bipartisan support for Republican-led efforts to ban TikTok, the popular video app owned by Chinese internet giant ByteDance.
The RealReal Says New Inventory Strategy Boosting Margins
The luxury reseller has changed how it sources inventory and focused on bigger-ticket items as it chases profitability.
HP’s Profit Falls By Half on 19% Revenue Drop
HP's quarterly slump reflects a downturn in the personal computer market.
Instacart Grew Revenue 39% Last Year
Instacart told investors that sales stood at about $2.5 billion last year.
Bain Capital Ventures Raises $1.9 Billion in New Funds
The Docker and DocuSign backer is an offshoot of the Boston-based private equity firm Bain Capital.
SoftBank-backed Reef Technology Hires Restructuring Advisors
Reef hired Akin Gump Strauss Hauer & Feld LLP and Alvarez Marsal as restructuring advisors within the last month
Goldman Sachs Updates On Consumer Lending Retreat
Goldman CEO David Solomon has come under fire from employees and investors in recent months over the failures of the consumer lending push.
Warby Parker Warns Revenue Growth Will Slow
The direct-to-consumer eyewear company has invested in expanding its retail footprint and additional offerings like eye exams.
Instacart Launches Business-Focused Delivery Offering
The launch puts Instacart in closer competition with Amazon and Walmart, which both have similar services for small businesses.
Canada Removes TikTok From Government-Issued Devices
Canada's decision follows similar moves earlier by the U.S. government and the European Union's executive branch.
Robinhood Subpoenaed by SEC Over Crypto Business
It’s yet another sign of regulators closing in on crypto companies since FTX’s bankruptcy.
Vice Media Names New Co-CEOs
Vice has named two longtime executives to replace CEO Nancy Dubuc, who departed last week, as the struggling company pursues a sale.
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