SoFi Revenue Grows 43% as Loss Narrows
The financial-services firm said it expects to become profitable in the fourth quarter.
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Alibaba Founder Jack Ma Takes Up Visiting Professor Role in Japan
Ma's whereabouts and what he is doing have become a subject of controversy and speculation since he largely disappeared from public view a few years ago.
Regulators Seize First Republic Bank, Sell to JPMorgan Chase
JPMorgan's acquisition of First Republic brings to an end weeks of questions about the fate of the San Francisco bank.
Sequoia Capital Hired National Security Advisory Firm as China Deals Draw U.S. Scrutiny
U.S. politicians have been saber-rattling about American investors funding key Chinese tech startups
Apple Drops Lawsuit Against Former Chip Executive Over IP Theft
Apple's request for a dismissal might suggest it will also drop its pending case against Rivos, another chip startup accused of intellectual property theft.
Coinbase CEO’s Pay Shrinks as Stock Slides
Coinbase stock fell 86% in 2022, with shares falling from roughly $250 to start the year to $35 at the end.
Fed’s SVB Report Signals Tighter Regulations Could Be Coming
Barr's report outlines numerous problems during downfall of SVB.
Former CEO of Startup Headspin Pleads Guilty to Wire Fraud
The former startup CEO admitted to giving investors "false and overstated revenue metrics."
Intel Reports 36% Sales Decline, Expects Second Half Rebound
Intel had another rough quarter as it continues to deal with weak demand for PCs and servers, but the chip maker is hopeful that the worst is over.
AWS Growth Slows to 16%
Overall, Amazon beat its own revenue guidance for the first quarter.
Pinterest Plans Ad Partnership with Amazon
The social media site hopes the new deal will help it grow the number of e-commerce sales it drives.
Amazon Plans to Shift Spending to AWS to Power AI
Revenue growth slumped for Amazon Web Services, the company's biggest profit driver.
Snap Revenue Falls 7% as Its Results Diverge From Meta’s
The company's stock price dropped 19% after normal trading hours.
Clubhouse Cuts More Than Half Its Staff
The social audio app that saw a boom during the pandemic is hitting the reset button.
Apple Engineers Aim to Launch AI Improvements to Siri Next Year
If Apple joins the AI race, it will do so at its own, cautious pace.
Time.com to Remove Online Paywall
Marc Benioff's Time is eliminating its online paywall, which currently counts 250,000 subscribers, in a bid to reach a wider global audience.
Vice Media Cancels ‘Vice News Tonight,’ Makes Other Cuts to Vice News
Vice Media is making cuts to its Vice News division, which includes canceling its flagship TV show "Vice News Tonight," as the company restructures its business.
NBCU’s Peacock Adds 2 Million Subscribers
Comcast president Mike Cavanagh now leads NBCU, which saw its domestic ad business dip during the first quarter as Peacock added 2 million subscribers.
Roku Reports Flat Q1 Revenue, Expects Weak Ad Market to Persist
Roku, which sells streaming devices and sells ads on its TV platform, said it expects the weak ad market to continue through 2023.
YouTube Contract Workers Vote to Unionize, Setting Up Showdown With Alphabet
The move could force Google to bargain collectively with employees for the first time.
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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