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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.

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Recent Editions

Briefing

Senior Chinese Official Indicates Two-Year Tech Crackdown May Be Ending

Jan 9, 2023 · 6:43am PST
The official, chairman of China’s top financial regulator, said that the government had finished its campaign to “rectify the financial businesses of 14 platform companies.”
Briefing

Ex-Twitter Employees Greet Delayed Severance Agreement with Skepticism

Jan 8, 2023 · 9:59pm PST
The laid-off employees are being offered one month of base pay.
Briefing

U.S. Trustee Files Objection to FTX’s Plans to Sell Off LedgerX, Other Assets

Jan 7, 2023 · 8:26am PST
The filing argued that the plan for the stake sales lacked certain financial and stock information, and that an independent investigation of FTX is needed before selling businesses.
Briefing

Federal Prosecutors Investigating Transfers Between DCG, Subsidiary Genesis

Jan 7, 2023 · 7:57am PST
The authorities have been requesting interviews and documents and are also investigating what investors were told about the transfers.
Briefing

Jack Ma Gives Up Control of Ant Group

Jan 7, 2023 · 3:40am PST
Ant, which was forced by Beijing to cancel its initial public offering in late 2020, has gone through a major restructuring over the past two years.
Briefing

Twitter Lays Off Additional Data Scientists, Engineers Working on Advertising

Jan 6, 2023 · 7:47pm PST
Cuts to Twitter’s advertising staff, along with an exodus in large advertisers spooked by Elon Musk’s behavior, cast doubt on his public revenue projections.
Briefing

SEC Asks FTX’s VC Investors for Details on Due Diligence

Jan 6, 2023 · 10:58am PST
The agency is focusing on details about what policies and procedures venture firms had in place when they chose to invest in FTX.
Briefing

Tesla Stock Hits New Low Following Price Cuts in China

Jan 6, 2023 · 10:56am PST
The basic Model Y now costs 42% less in China than in the US
Briefing

Gemini Headcount Shrank at Least 40% Over 2022

Jan 6, 2023 · 9:00am PST
Gemini has been ensnared in the fallout of the FTX collapse through Gemini Earn, its retail lending product that offered high-yield to customers who deposited crypto assets.
Briefing

Dell Aims to Stop Using China-Made Chips by 2024

Jan 5, 2023 · 11:16pm PST
The U.S. computer giant's attempt to move away from China-made chips comes amid growing geopolitical tensions between Washington and Beijing.
Briefing

OpenAI Reportedly in Talks to Sell Shares at $29 Billion Valuation

Jan 5, 2023 · 3:22pm PST · 2 comments
If completed, OpenAI’s tender offer would make it among the most highly valued U.S. startups.
Briefing

Genesis Lays off 30% of Employees

Jan 5, 2023 · 12:39pm PST
The company’s trading arm has roughly $175 million stuck on FTX, and its lending arm that has still suspended redemptions has loans of at least $1.8 billion outstanding.
Briefing

Netskope Raises $401 Million in Convertible Debt

Jan 5, 2023 · 9:18am PST
The deal was led by Morgan Stanley’s Tactical Value group
Briefing

Stitch Fix CEO Stepping Down as Retailer Slashes More Jobs

Jan 5, 2023 · 7:57am PST
The online apparel seller has struggled with onboarding more new users and fighting rising costs since mid-2021.
Briefing

Celsius Assets Belong to Company, Not Customers, Judge Rules

Jan 5, 2023 · 7:27am PST
The ruling could have implications on whether or not customers at other bankrupt crypto lenders and exchanges own their assets.
Briefing

Annual Global Venture Funding Fell 35% in 2022

Jan 5, 2023 · 7:22am PST
There were only 22 new 'unicorns' in the fourth quarter.
Briefing

Crypto-Friendly Bank Silvergate Dumps Assets, Lays Off 40% of Staff

Jan 5, 2023 · 6:19am PST
The company is also laying off 40% of its staff, about 200 employees.
Briefing

Federal Authorities Seizing FTX Assets, Including Robinhood Shares

Jan 4, 2023 · 8:19pm PST
FTX, BlockFi, and Sam Bankman-Fried were previously fighting over who owns the Robinhood shares
Briefing

Twitter Hack Reportedly Leaks Over 200 Million Email Addresses

Jan 4, 2023 · 5:33pm PST
The hack could allow anonymous Twitter accounts to be linked to real-world identities.
Briefing

Amazon Plans to Lay Off More Than 18,000 Workers, Mostly in Retail and HR

Jan 4, 2023 · 4:13pm PST
Amazon's job cuts, which started late last year, were originally expected to total 10,000.