SpaceX to Raise Funding at $150 Billion Valuation
Elon Musk’s rocket company has already raised $2 billion this year.
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Ant Group’s Consumer Finance Arm Scales Back Fundraising Target
The Chinese fintech giant controlled by Alibaba founder Jack Ma continues to face challenges after Beijing cancelled its 2020 initial public offering.
News Corp to Replace WSJ Editor With British Editor
Rupert Murdoch is reportedly bringing in an editor from his UK newspaper the Sunday Times to run the Wall Street Journal.
Google Pays Record $391 Million Fine for Secretly Tracking User Location
The company admitted to years of violations after initially claiming innocence
BlockFi Taps Advisors, To ‘Explore All Options’ in Fallout of FTX Blowup
BlockFi also announced that customer withdrawals remain frozen.
Twitter Reportedly Lays Off Content Moderation and Infrastructure Contractors
Musk claims he's working day and night at Twitter's staff shrinks
Amazon Plans to Lay Off About 10,000 Employees
The cuts are expected to be concentrated in Amazon’s devices, retail and human resources divisions.
Alibaba Doesn’t Disclose Singles Day Sale for the First Time
Alibaba Group didn't disclose the total volume of transactions for this year's Nov. 11 Singles Day shopping festival, its biggest annual sales event.
Twitter Pauses Twitter Blue as Trolls Overtake Platform
Elon Musk’s subscription update allowed anyone with a credit card to sign up for a verified account.
FTX Ventures Head Amy Wu Resigns
Wu joined FTX in January to help Sam Bankman-Fried launch a $2 billion venture fund.
FTX Files for Bankruptcy, Sam Bankman-Fried Resigns
130 affiliated companies, including FTX US, are also filing for bankruptcy. John J. Ray III will take over as CEO.
Bahamas Security Commission Freezes FTX Assets
The move to freeze FTX’s assets comes after a stunning collapse of what was once the world’s second largest crypto exchange.
Crypto Lender BlockFi Freezes Withdrawals, Cites ‘Lack of Clarity’ on FTX
In a statement, BlockFi also told customers to halt deposits to their wallets and interest accounts
SoftBank Posts Profit As Alibaba Share Sale Offsets Vision Fund’s Loss
SoftBank's Vision Fund continues to suffer from the weakness of tech stocks in its vast portfolio.
ServiceTitan Held Talks to Raise Money at 20% Valuation Cut
The 10-year-old startup had backed away from raising $900 million in expensive, debt-like financing.
Twitter Loses More Top Managers in Mass Exodus
Executives leading security, privacy and trust and safety have all stepped down.
Amazon Eyes Unprofitable Alexa Unit for Cost Cutting
Amazon’s devices unit has posted an operating loss of more than $5 billion annually in recent years
Miami-Dade County Will Explore ‘All Legal Remedies’ if FTX Can’t Pay Arena Deal
FTX agreed to a 19-year, $135 million deal for the naming rights in March of last year.
Sequoia Capital Marks Down FTX Stake to Zero
The collapse of FTX, which has raised nearly $2 billion, has ramifications for investors as well as the broader crypto world.
Roblox Sales Rebound, While Loss Widens on Hiring Costs
The gaming and metaverse platform said bookings, which reflect spending on Roblox’s digital currency, rebounded after falling for two straight quarters.
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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