Apple Raises Prices for Music, Streaming Video And Bundles
Apple surprised analysts by not raising the price of the iPhone 14, a sign that executives believe services are more price elastic than hardware.
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Meta Investor Calls on Mark Zuckerberg to Lower Metaverse Spending
Shareholder says Meta "needs to get its mojo back."
Snyk Cuts 14% of Staff, Slashes Spending on Real Estate, Software
CEO Peter McKay said the cuts were meant to help the startup achieve profitability.
Hong Kong Shares Tumble on Growing Worries About China’s Economy
President Xi Jinping's decision to surround himself with loyalists spurred concerns that China will stick to its zero-Covid policy that has hurt its economy.
Indian News Site The Wire Retracts Article on Meta
The non-profit news site had alleged that Meta had granted India’s ruling BJP party the power to remove Instagram posts, which Meta denied.
TSMC Halts Production for Chinese Chip Startup Amid U.S. Restrictions
The move is the latest example of how Washington's new restrictions on semiconductor technology exports to China are affecting the global chip supply chain.
San Francisco Standard Editor-In-Chief Steps Down
The website, launched last year, made a name for itself reporting on the conviction record of Chesa Boudin, the former San Francisco district attorney opposed by some tech leaders.
Google in Talks to Invest $200 Million into AI Startup Cohere
The deal comes as Google prioritizes growing its cloud division.
Apple’s Industrial Design Head Will Leave Company Next Year
Hankey didn't have a design background and initially joined the team as a project manager. She was one of the few women on the industrial design team.
TikTok Disputes Forbes Report on App’s Monitoring of U.S. Citizens
The popular video app continues to face intense scrutiny in the U.S. over its handling of American users' data.
Instacart CEO: ‘Highly Unlikely’ to Hold IPO This Year
The company will award cash bonuses to some employees, who will have to wait longer to cash out stock-based compensation.
Snap Predicts Flat Revenue After Weakest Quarter as Public Company
The Snapchat parent’s daily active users increased 19% alongside tepid revenue growth.
Musk Plans to Cut 75% of Twitter Employees
Even if Musk doesn't end up buying Twitter, the existing management plans to cut a quarter of the workforce next year anyway.
Microsoft Under Fire for New Cloud Security Glitch
Microsoft's Azure cloud has been dealing with numerous cybersecurity flaws, and now the software giant is feuding with a startup that recently found a new one.
Stripe Implements Harsher Performance Reviews
Senior leaders at the payments firm reportedly began telling managers this summer to be more stringent in evaluating their team members.
Binance.US Taps Former FBI Agent as Head of Investigations
The FBI launched a new crypto crime unit in February that works with the National Cryptocurrency Enforcement Team.
Chip Equipment Firm Lam Research Expects Revenue Hit From China Export Curbs
The Biden administration's new restrictions on semiconductor technology exports to China are affecting the global chip supply chain.
Musk Says He’s “Excited” By Twitter Even Though He’s “Overpaying”
Musk say board is weighing stock buyback
Gopuff Makes Its Third Round of Job Cuts This Year
Gopuff laid off around 250 customer service employees in its latest move to slash costs after a rapid expansion.
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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