Elon Musk is Not Buying Manchester United
The Tesla CEO called his tweet about acquiring the soccer team “a long-running joke”
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The Information AM
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Recent Editions
Tencent’s Revenue Falls as China’s Economic Slowdown Takes Toll
Tencent's first-ever quarterly revenue decline as a publicly listed company highlights the challenges facing China's biggest tech giants.
U.S. Department of Commerce Approves Nearly All Tech Exports to China
Only a tiny fraction of U.S. tech exports require a license and only a small sliver of that are denied.
Apple Plans to Expand Production of Apple Watch, MacBook to Vietnam
The move comes as Apple tries to diversify its manufacturing as a hedge against political and trade risk.
Amazon, Microsoft Called Out Over Cloud Oil and Gas Projects
Amazon and Microsoft have both announced aggressive plans for cutting their carbon emissions, but their work with oil and gas companies is drawing attention.
Amazon to FTC: Stop Pestering Our Executives
The internet retailer is upset about the FTC's tactics in an investigation related to Amazon's Prime membership program.
Apple Tells Employees to Work in Office Three Days a Week by September
Like many tech firms, Apple has changed its office attendance requirement multiple times in the past year.
Tencent Plans to Sell Shares in Food Delivery Giant Meituan
Tencent, which has a vast portfolio of investments in Chinese and international tech and gaming companies, has already sold some its shareholdings.
Zoom Issues Emergency Fix for Critical macOS Security Vulnerability
Zoom issues a software patch for a flaw that could have enabled attackers to gain complete control over a targeted computer.
ThredUp Slashes Revenue Guidance, Promises Break Even by 2023
The used goods seller said it hopes to reach break-even on an adjusted earnings before interests, taxes, depreciation and amortization basis by the end of 2023.
Andreessen Horowitz Invests in Adam Neumann’s New Apartment Startup
The $350 million investment values the pre-launch company at over $1 billion.
China’s Economy Slows Amid Soaring Youth Unemployment
Slowing consumer spending and rising youth unemployment were among the raft of economic indicators that could spell trouble for consumer tech companies.
China’s Tech Giants Alibaba and ByteDance Share Algorithms With Government
The unprecedented moves are part of new requirements for Chinese tech companies to disclose code to government regulators as part of efforts to police data privacy.
Peloton Announces Job Cuts, Store Closures and Price Hikes
The online fitness equipment sellers' downsizing follows a decline in business from heights during pandemic shutdowns.
South Korea’s Mirae Asset Management Led $250 million SpaceX Investment
International investors join June funding
Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
Leon Li is looking to sell his stake in a deal that would value the exchange at $3 billion.
Samsung Heir Gets Presidential Pardon for Bribery Charges
The conglomerate’s leader Lee Jae-yong who was twice jailed for bribing the president, will be pardoned next week, a move that’s widely popular in South Korea.
Cloud Management Firm Nutanix Lays Off 4% of Staff
Nutanix, which competes with VMware in the market for data center and cloud management software, becomes the latest enterprise software firm to cut jobs.
Activist Investor Builds 7% Stake in New York Times, Urges Subscription Bundle Push
ValueAct Capital Management told investors in a Thursday letter that the outlet will flourish if it more aggressively rolls out its subscription bundle.
BlackRock Launches Bitcoin Trust for Big Clients
The launch comes a week after BlackRock partnered with Coinbase to offer clients using its Aladdin software access to Coinbase Prime
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