Meta Is Working on a Virtual Currency for Metaverse Payments
The project has taken on the internal nickname “Zuck Bucks” and is unlikely to be structured as a cryptocurrency.
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Sky Mavis Raises $150 Million to Pay for Ronin Bridge Hack
The hack was one of the largest crypto heists ever.
Meta Pausing F8 Developer Conference For 2022
The company says it is focusing instead on building the metaverse.
Binance.US Raises $200 Million Seed Round at $4.5 Billion Valuation
The round is the first outside capital raised by Binance.US since it launched in 2019.
WarnerMedia’s Exec Team Departing
Nearly all of the executives who report directly to WarnerMedia CEO Jason Kilar are leaving the company, WarnerMedia announced.
Amazon Secures Deals to Launch 83 Satellites Into Orbit
Amazon’s Project Kuiper said it sealed deals with Arianespace, the United Launch Alliance and Jeff Bezos’s Blue Origin as part of plans to eventually send 3,236 satellites into space.
Indian Social Media Startup Raises $805 Million
VerSe Innovation launched its app Josh shortly after TikTok was banned from India.
FTX US Invests in ‘Flash Boys’ IEX Exchange
As part of the deal, FTX US and IEX will work to create a market structure for buying, selling and trading digital asset securities.
WarnerMedia to Lose Both Sarnoff and Kilar As Discovery Deal Looms
In less than two years, Kilar shifted the company's focus to streaming and consumers first.
Elon Musk Joins Twitter Board, Refiles Investment Disclosure
The timing of the announcement, and Musk's Tweets, are likely to spark questions about Musk's decision to file as a passive shareholder on Monday and inflame tensions between Musk and the SEC.
Google Offers Employees Electric Scooter Subscription
The search giant is reimbursing a monthly e-scooter subscription as it requires many of it U.S. workers to return to the office for most of the week
Roelof Botha to Become New Leader of Sequoia Capital
Botha will replace the firm's longtime leader Doug Leone on July 5.
Microsoft’s Cloud Taps Ampere for Arm Chips
Following rivals Amazon Web Services and Oracle, Microsoft now offers a new breed of chip that threatens the dominance of Intel and AMD in data centers.
AMD Buys Pensando for $1.9 Billion
The deal gets AMD into the infrastructure chip game against rivals Intel and Nvidia.
Elon Musk Becomes Twitter’s Biggest Shareholder
Musk took a 9.2% stake in Twitter worth around $3 billion. The disclosure sent shares in the social media company soaring.
Fast Fashion Online Retailer Shein In Talks to Raise $1 Billion at $100 Billion Valuation
If successful, that would make the privately held company more valuable than H&M and Zara combined.
Huawei Promotes Founder’s Daughter to Top Leadership Position
Meng, Huawei founder Ren Zhengfei's daughter, is now one of the company's three rotating chairs who take turns as its top leader.
SoftBank’s Ron Fisher to Step Down as Head of U.S. Investment
Fisher, 74, who stepped down as SoftBank Group's board director last year, will transition to a senior advisory role.
Microsoft’s Cloud Business Facing Preliminary EU Antitrust Probe
The EU is also investigating whether Microsoft illegal bundles its Teams messaging service with its Office software.
Justin Kan’s Fractal Raises $35 Million Round Led by Paradigm and Multicoin Capital
Blockchain gaming is a booming sub-sector within crypto, with nearly $600 million already invested in such companies since the start of the year.
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