Meta Beginning Effort to Trim Managerial Ranks
Some managers at Meta Platforms will soon receive an ultimatum: Accept a demotion or leave.
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Zoom Lays Off 15% of Staff, CEO and Execs to Take Pay Cut
Zoom becomes the latest business software provider to cut staff in response to slowing demand for its products.
Microsoft Shows Off AI-Powered Bing Search Engine, Web Browser
Microsoft said the new version of Bing, which will use software from OpenAI, represented a major advancement in the experience of using search.
Ex-Coinbase Product Manager Pleads Guilty in Crypto Insider Trading Case
The defendants saw gains of about $1.5 million after they purchased tokens, which jumped in price once Coinbase announced it was listing them, according to filings.
DCG Selling Grayscale Fund Shares at Steep Discount Amid Genesis Bankruptcy
Genesis and parent company DCG struck a deal with creditors of Genesis’ lending unit yesterday.
SoftBank’s Vision Fund Posts Loss for Fourth Straight Qurter
SoftBank's losses, most of which are due to its large investment portfolio, underscore the global weakness in tech stocks.
Google Announces Plans to Use Chatbot in Search
The new AI feature will be able to provide more detailed answers to Google searches.
Pinterest’s Profit Plunges as Expenses Soar
The company also said its CFO was leaving and announced a $500 million stock buyback plan.
Vox Media Raises $100 Million from Penske
Penske becomes Vox Media's largest shareholder, owning a 20% stake, at an implied valuation of $500 million.
Binance to Suspend U.S. Dollar Bank Transfers
Binance previously said one of its banking partners, Signature Bank, would no longer support crypto exchange customers who buy or sell less than $100,000 worth of crypto.
Dell to Lay Off 5% of Staff
The job cuts come after the personal computer market has cratered over the past year.
FTX Sets Deadline for Politicians, Others to Return Donations
FTX and its executives made $93 million in donations between March 2020 and November 2022, according to a court filing in January.
Apple Retailers in China Cut iPhone Prices
The price cuts raise questions about demand even as Apple's production in China is recovering from the country's Covid lockdowns.
Carlyle Picks Former Goldman Sachs Executive as Next CEO
Move will end a monthslong wait for a new CEO after Carlyle's previous chief departed abruptly last year.
Microsoft Preps ChatGPT-Powered Bing Search
Unlike ChatGPT, which was trained on internet data from 2021, Bing will answer questions with real-time information and cite sources for its answers.
Google Invests $300M in OpenAI Rival Anthropic
As part of the deal, Anthropic will have to use the money to purchase computing resources from Google Cloud.
Bankman-Fried Company That Bought Robinhood Stake Files for Bankruptcy
The US government seized the company’s Robinhood shares last month.
Musk Found Not Liable in ‘Funding Secured’ Tesla Trial
The San Francisco jury came to a swift verdict on Friday afternoon.
Twitter Considers Charging Brands $1000 Per Month to Stay Verified
If adopted, the pricing structure would add another chapter to the Twitter Blue saga, which alienated advertisers after the initial rollout led to impersonations.
Twitter Will Share Ad Revenue With Creators. But There’s A Catch
Twitter will start sharing ad revenue with creators from ads that appear in replies to their tweets.
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.
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