TikTok Launches BeReal Copycat
TikTok launched a new feature called TikTok Now, similar to the popular app BeReal where users are notified once a day to post.
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Adobe Buying Design Software Maker Figma for $20 Billion
The deal is a big payday for shareholders in Figma, which was valued at $10 billion when it raised money last year.
Masayoshi Son Mulls Launching a Third Vision Fund Despite Big Losses
The billionaire SoftBank founder is considering starting a third fund using its own cash.
South Korea Issues Arrest Warrant for Co-Founder of Terraform Labs
In an earlier interview with the broadcast series Coinage, co-founder Do Kwon said he also was a victim given the losses he incurred.
California Files Antitrust Complaint Against Amazon
It's nearly identical to a case filed by Washington DC's attorney general, which was dismissed earlier this year.
Twilio Lays off 11% in Push for Profitability
Twilio has grown rapidly in recent years as usage of its core voice and messaging products has surged, but now it wants to boost sales of its other offerings.
Tencent Music Plans Hong Kong Stock Market Debut as Soon as Next Week
An increasing number of U.S.-listed Chinese tech companies have completed dual listings in Hong Kong amid political tensions between the U.S. and China.
Twitter Shareholders Approve Musk’s $44 Billion Acquisition
The investors' approval of the deal further complicates Elon Musk's plans to cancel it.
Former Disney CEO Bob Iger Joins Thrive Capital
Iger will mentor startup founders and find new investments at Josh Kushner’s venture capital firm.
Citadel Securities, Fidelity and Charles Schwab to Launch New Crypto Exchange
EDX Markets will be targeted to both retail and institutional investors.
Patreon Lays Off 17% Of Staff
Patreon is the latest creator economy startup to lay off employees, including from its operations, finance and HR teams.
China Is Twitter’s Fastest Growing Overseas Ad Market Despite Being Banned
Local authorities and Communist Party officials are spending heavily on Twitter, which is blocked in China, to promote tourism or tout local economic or cultural milestones, according to a Reuters investigation.
Peloton Founder John Foley Resigns
Chief legal officer also to depart, replaced by Uber lawyer
Oracle Slightly Misses Cloud Revenue Growth It Projected
Shares of Oracle have meaningfully outperformed the Nasdaq composite index.
AppLovin Abandons Bid for Unity
A combination of AppLovin and Unity would have created a powerhouse in the market for mobile app advertising.
Roblox Announces New Ad Revenue Stream
It will introduce advertising within games and a secondary market for sales of digital assets.
Instagram’s Bid to Rival TikTok Hampered by Reels Engagement Slowdown
“Most Reels users have no engagement whatsoever," an internal Meta report said.
Twitter and Musk Continue Fight Over $7.75 million Whistleblower Payout
Twitter’s lawyers deny Musk’s claim that six-figure severance violated $44 billion merger agreement.
White House Seeks to Widen Restrictions of U.S. Chip Exports to China
The Biden Administration will publish new rules codifying the ban of high-end chip and machinery exports from producers such as Nvidia and AMD that had already been told to stop.
Bolt Scraps $1.5 Billion Acquisition of Wyre
The e-commerce software company unveiled the planned Wyre acquisition after Bolt’s revenue growth had fallen.
Weekday mornings
The Information AM by The Information Staff
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