Google to Shut Down Stadia Cloud Gaming Service
Stadia, Google's three-year-old foray into cloud game streaming, will be shut down in January due to a lack of adoption.
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Recent Editions
Peloton to Sell Through Dick’s Sporting Goods
Peloton shares fell 15% to a new low of below $7 in response to the news.
Facebook Parent Meta Announces Hiring Freeze
Facebook parent company Meta Platforms told employees it was freezing hiring and restructuring some teams.
Chinese Video App Bilibili to Change Hong Kong Listing Status
The move, which makes it easier for investors in mainland China to buy Bilibili's Hong Kong-listed shares, comes as the stock has fallen 66% this year.
Apple Removes Russia’s Largest Social Media App
Apple said its removal was due to recent U.K. sanctions against Russian parties amid the country’s war with Ukraine.
TripActions Said to File Confidentially for IPO
The filing suggests some tech startups and their investors are hopeful the IPO market will reopen next year.
Stripe Revenue Rises 66% to $2.255 Billion for Dublin-based Unit
Pre-tax losses fell to $22.12 million from $135.5 million.
Amazon Boosts Average Warehouse Worker Pay By $1 an Hour
Amazon is boosting its average starting pay for hourly employees by about a dollar.
Tesla Adds Airbnb Cofounder to Board of Directors
Joseph Gebbia replaces Oracle Chairman Larry Ellison.
TikTok Owner ByteDance Expands Number of Maximum Board Seats
The move raises questions about whether ByteDance could add new independent board members as part of its negotiations with the U.S. government.
Apple Cuts iPhone 14 Orders For Rest of the Year
Apple's demand forecasts are critical to suppliers as they bear the costs for excess components.
Lyft Freezes All U.S. Hiring Until End of Year
Lyft is one of the first companies to detail plans for the fourth quarter.
FTX US Wins Bankruptcy Auction for Voyager Assets
Voyager’s bankruptcy claims against Three Arrows Capital, the beleaguered crypto hedge fund, will stay with the bankruptcy estate and go to creditors.
FTX US President Brett Harrison Resigns
Harrison’s exit is the latest in a series of high-profile resignations sweeping the cryptocurrency industry
CEO of Bankrupt Crypto Firm Celsius Steps Down
Alex Mashinsky’s resignation comes weeks after the New York Times reported that he was planning a comeback for Celsius.
Southeast Asia’s Grab Aims to Break Even in 2024
The ride-haling and food delivery app is trying to show investors a path to profitability as its New York-listed stock has fallen more than 60% this year.
Interpol Issues Red Notice for Terra Founder Do Kwon, South Korea Says
The notice comes nearly two weeks after South Korean prosecutors issued an arrest warrant for Kwon.
Amid Slowing Sales, Amazon to Hold Second Prime Day in October
The new event comes at a time when Amazon is experiencing softer consumer demand amid rising inflation and a shaky economy.
TikTok Reportedly Moving Toward U.S. Security Deal
TikTok and the Biden administration are moving toward a preliminary deal to resolve national security concerns, The New York Times reported.
Peloton Marketing Executive to Join Autodesk
The departure of Treseder follows a string of other executive exits from the troubled exercise equipment firm in recent weeks.
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