U.S. Charges Sam Bankman-Fried Charged with Fraud
Bankman-Fried’s arrest and the criminal charges came only a month after FTX filed for bankruptcy.
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Checkout.com Cuts Internal Valuation by 70%
The online payments processor has been affected by both a slowdown in e-commerce growth and turmoil in the crypto industry.
SEC Alleges Bankman-Fried Orchestrated Scheme to Defraud Equity Investors
Bankman-Fried "built a house of cards on a foundation of deception," said SEC chair Gary Gensler in a statement.
Twitter Disbands Trust and Safety Council
The group of outside advisors were told of the company’s decision to end it in a note Monday shortly before they were scheduled to hold a meeting.
Japan, Netherlands to Join U.S. Efforts to Limit Chip Tech Exports to China
The moves, which follow the Biden administration's sweeping export restrictions, would further limit China's ability to develop its own advanced chips.
Sam Bankman-Fried Arrested by Royal Bahamas Police Force
The arrest comes after the U.S. notified the Bahamian government that it has filed criminal charges against Bankman-Fried and is likely to request extradition, according to the statement.
Microsoft Buys 4% Stake in London Stock Exchange in 10-Year Cloud Deal
Microsoft said it expects the partnership to generate $5 billion in revenue in the coming decade.
Thoma Bravo to Acquire Coupa Software for $8 Billion
The private equity firm just finished raising $32.4 billion for a new buyout fund last week.
Fast-Fashion Online Retailer Shein Mulls Becoming a Marketplace
The company told investors it was exploring selling merchandise from third-party retailers in a move that would put it in direct competition with Amazon and Alibaba’s overseas operations.
Microsoft to Take 4% Stake in London Stock Exchange
The stake comes as part of a 10 year deal to host the exchanges data on Microsoft servers.
Twitter to Relaunch Twitter Blue with Higher Prices for Apple Users
The social media platform will charge $11 for users who sign up through Apple iPhones compared to $8 for others, the company said.
SEC Easing Rules Around Raising Money in Direct Listings
New price flexibility may encourage more companies to do direct listings that raise additional capital
Sam Bankman-Fried Secretly Funded The Block Through Loans to CEO
Former CEO Michael McCaffrey resigned Friday, with former Chief Revenue Officer Bobby Moran taking his place.
Bankman-Fried Open to Testifying at House Hearing, Mum on Senate
The former FTX CEO did not comment on a Senate Committee’s request seeking his testimony for a later hearing.
Getir Buys Gorillas in $1.2 Billion Grocery App Deal
Investors have soured on rapid delivery, and the combined companies’ valuation is well below Getir’s $11.8 billion valuation in March.
Letter From Foxconn Helped Spur China’s Reopening
The founder of Apple supplier Foxconn wrote to Chinese President Xi Jinping warning that Covid lockdowns threatened China’s place in the global supply chain.
Instant Delivery Startup Gorillas in Talks to be Acquired by Rival Getir at $1.7 Billion Valuation
The nearly 50% valuation cut is a sign of the pressure instant delivery companies have been under as venture funding for money-losing startups has dried up.
Airtable Lays Off 20%, Replaces Product and Sales Chiefs
Airtable, which benefited from investors' interest in remote work companies during the pandemic, is cutting staff and refocusing on large customers.
Ex-Twitter Employees File Class Action Lawsuit Alleging Sex Discrimination
A San Francisco judge will hear arguments Thursday over Twitter’s forced arbitration agreements
Meta Faces FTC In Court Over VR Acquisition
Meta CEO Mark Zuckerberg and CTO Andrew Bosworth are both listed as potential witnesses in the case.
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
