Stripe Cuts 14% of Staff, Was ‘Much Too Optimistic’ About E-Commerce Boom
Stripe co-founders said they over hired and grew operating costs at the payments giant too quickly.
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China Venture Capital Investing Drops 44%
Funding for China startups fell to $62 billion through October compared to same period in 2021.
Twitter’s Legal Team Discusses Severance for 3,700
The cuts would amount to half of Twitter's workforce.
Robinhood Reports Steep Drop in Users
Robinhood reported 12.2 million monthly active users for September, down 35% from a year earlier.
Coinbase Chief Product Officer Surojit Chatterjee Stepping Down
As part of Chatterjee’s exit, Coinbase will reorganize the company’s product, engineering and design teams.
Recruiting Startup Gem Cuts a Third of Workforce
The startup, which is backed by Iconiq, Greylock and Accel, was last valued at $1.2 billion
Chinese Industrial Park with Large iPhone Factory Imposes Covid Lockdown
The imposition of strict Covid controls could impact production at iPhone assembler Foxconn.
Airbnb Forecasts Slowing Growth After Record Sales
The company faces tough comparisons with the year-ago quarter, when travel surged.
Galaxy Digital to Cut 20% of Staff
The layoffs are roughly in line, percentage wise, with those of other major crypto companies like Coinbase and OpenSea.
AMD Shares Rise 4% on Strong Data Center Chip Sales
AMD warned investors early last month that its PC business was seeing declining revenue, but its data center and gaming units picked up the slack.
UK Furniture Seller Made.com Appoints Administrators, Shares Delisted
Made.com said it plans to appoint administrators after failing to find a buyer, marking a dramatic downfall for the British online furniture seller.
Uber’s Ride-Hailing Business Almost Back at Pre-Covid Levels
Uber's revenue was artificially lifted by changes to its UK business and an acquisition in its freight operations.
Elon Musk Plans $8 Twitter Blue Revamp
Twitter Blue will still be required to verify users.
FCC Commissioner Calls for TikTok Ban
FCC Commissioner Brendan Carr said the U.S. government should ban TikTok.
Several More Twitter Execs Resign
Personette had been reaching out to advertisers after the Musk takeover.
Amazon Takes Aim at Spotify With Music Pricing Overhaul
Amazon announced new Amazon Music catalog and podcast offerings in a move to lure customers away from audio giants like Spotify and Apple Music.
Self-Driving Truck Firm TuSimple Fires CEO
The move comes as the Nasdaq-listed company reportedly faces a federal investigation into its controversial ties to a Chinese startup.
Dorsey Backed Musk’s Twitter Bid, Filing Shows
Dorsey rolled over his 2.4% stake in Twitter into the Musk-controlled entity that now owns the business.
Twitter Plans $20 Per Month Charge for Blue Checkmark
Elon Musk makes moves to expand Twitter Blue
Workers Flee iPhone Factory in China Amid Covid Outbreak
The unrest at the Foxconn plan is the latest example of how China's zero-Covid policy is affecting businesses in the world's second-largest economy.
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