FDIC Says Dodd-Frank Rollbacks Didn’t Stoke SVB’s Failure
Regulator also urges a measured approach to adding rules that would force banks to create capital buffers for unrealized bond losses.
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Recent Editions
Vox Media Sells News Video Outlet NowThis
Vox Media has sold NowThis, a news outlet popular on Facebook and TikTok, as the digital media firm looks to improve its balance sheet.
Twitter Has 1,500 Employees Remaining, Musk Says
Musk said Twitter’s total user time is at an all-time high.
U.S. Adults Are Overwhelmingly Skeptical of Crypto, Pew Research Finds
Most Americans who have heard of crypto don’t think it’s safe, and 43% of Americans who have already used crypto feel similarly.
Arm Listing to Get Sign-Off from SoftBank CEO
The report is a sign that the tech IPO market may open up by the late summer or fall.
Amazon Seller Hit with First FTC Fine for ‘Review Hijacking’
The seller was accused of abusing Amazon's reviews systems to boost its products.
China’s Alibaba Plans to Roll Out ChatGPT-Like AI Model
Alibaba's move comes as Chinese tech giants and startups are trying to be China's homegrown equivalent of OpenAI.
Tesla Announces New Shanghai Battery Factory
The Chinese factory will expand Tesla’ Megapack production.
Uber Sells 50% Stake in Careem’s Super App to UAE Firm
The deal means Uber doesn't have to finance Careem's expansion of its food and grocery delivery and fintech Super App.
Musk Reverses Twitter’s Suppression of Substack
Elon Musk's Twitter had restricted retweets of Substack links, an echo of Twitter's actions late last year against tweets that linked to rival social media apps.
ThredUp Pays Top Executives, Who Are Also Co-Founders, Retention Bonuses
The retention bonuses, paid partly because of the competitive employment market, were paid to two executives who own big stakes in ThredUp.
Substack Financial Statements Show Massive Losses
Substack recently raised money from individual writers at its 2021 boomtime valuation and the financial statements raise questions about the health of the business.
Google CEO Says Chatbot Feature is Coming to Search
A chatbot integration would be a major shift in how Google delivers search results—a process that has changed minimally over more than 20 years.
Tesla Nominates Co-Founder JB Straubel to Board of Directors
Straubel left the electric vehicle maker in 2019.
SpaceX Eyes Late April For First Starship Launch Test
The launch test could be the first time SpaceX's 400-foot-tall rocket leaves Earth's surface.
Binance’s VIP Trading Clients Included Jane Street, Tower Research
The case has sent shivers across the quant trading industry
Australian Regulator Cancels Binance’s Derivatives License
The Australian regulator has been reviewing Binance’s business in Australia, including how it classifies retail and wholesale investors.
Amazon’s iRobot Takeover Investigated by U.K. Antitrust Regulator
iRobot shares have been trading around 30% below Amazon’s proposed takeover price, indicating widespread skepticism among investors that the deal will close.
Amazon Plans to Cut Employee Equity Awards in 2025
The company is also considering giving employees a higher percentage of their compensation in cash.
Disney Puts Hulu President in Charge of Disney+
Disney has promoted Hulu president Joe Earley to oversee Disney+ and Hulu. He succeeds Michael Paull, who held that role under former CEO Bob Chapek.
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