New York Regulator Investigating Crypto Exchange Gemini
Gemini Earn customers have had hundreds of millions of dollars stuck in limbo since mid-November, when lending partner Genesis halted withdrawals.
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The Information AM
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Recent Editions
Chinese Online Retail Giant JD.com Retreats in Southeast Asia
The Chinese rival to Alibaba said it was closing down its e-commerce operations in Thailand and Indonesia.
China’s Baidu to Launch ChatGPT-like Service
Baidu will launch the natural language bot as a standalone app and then bring it into its search engine.
Amazon Fresh Hikes Grocery Delivery Fees
The move comes after Amazon last week laid off employees in its retail division last week.
Shopify CTO Departs Following Layoffs of Technical Leaders
Allan Leinwand is departing the company, adding to a string of executive exits at the e-commerce software giant.
Bankrupt Online Wine Seller Winc Finds Buyer For Assets
The online retailer is the latest direct-to-consumer company to be hurt by the rising cost of digital advertising.
Salesforce Shakes Up Board
The makeup of Salesforce's board has come under scrutiny since Elliott, along with two other activists, appeared earlier this week amid complaints about Salesforce's performance.
Japan and Netherlands To Join U.S. Restrictions on Chip Machinery Exports to China
The two countries were set to implement restrictions on the sale of high-tech manufacturing equipment from ASML and Nikon to China.
Intel Shares Plummet After Weak Earnings, Sales Forecast
Intel is continuing to be hit hard by the sluggish PC market and tech spending slowdown, with revenue declines across its key business units.
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
German software giant SAP becomes the latest enterprise tech company to cut staff in a push to improve profitability.
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Peacock added five million paying subscribers to finish the year with more than 20 million but the costs were high.
Venture Firm NEA Raises $6.2 Billion
Limited partners are more willing to back established firms like NEA during the downturn in funding.
Elon Musk Tells Tesla Investors Twitter Acquisition is Good for Automaker
The Cybertruck won’t reach meaningful production levels until 2024, Musk said.
Meta to Reinstate Donald Trump’s Accounts on Facebook and Instagram
The announcement comes two years after Trump was banned from the platforms over comments related to the Jan. 6 riot at the U.S. Capitol.
The RealReal Taps Former Neiman Marcus Exec As New CEO
The appointment of John Koryl ends the company’s more than six-month search for a new chief executive.
Shopify Stock Jumps 12% Following Subscription Price Increase
A rare price increase for the e-commerce platform’s subscriptions comes as Shopify looks to further boost its revenue.
DCG Subsidiary Luno Lays Off 35% of Staff
The layoffs are the latest setback for Barry Silbert’s Digital Currency Group.
The Washington Post Lays Off 20 Journalists
Other media companies including NBCUniversal, Vox Media and AdWeek have also cut staff in January as they grapple with falling advertising revenue.
Rupert Murdoch Calls Off Fox-News Corp Merger
Murdoch's decision to abandon plans to combine the companies follows opposition from large shareholders who claimed a potential deal would undervalue News Corp.
Microsoft Reports Slight Revenue Growth, Buoyed Mainly by Azure
Microsoft’s revenue was hardest hit in the units that are exposed to the consumer market, including the business that sells Windows software to computer makers.
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