Biden Aims to Restrict Chinese Companies’ Access to U.S. Cloud Computing Services
The new rule being proposed by the administration could limit U.S. cloud providers' ability to provide their services to Chinese customers.
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Court Blocks Biden Administration From Pressuring Social Media Firms Over Covid ‘Disinformation'
The ruling will weaken the administration's efforts to fight what it calls disinformation around Covid and other contentious subjects.
Instagram’s Twitter-Like App Nears Launch
Threads is targeting an audience who wants to chat about current events and trending topics, areas where Twitter has had an edge.
TweetDeck to Become Verified-Only Feature
Making TweetDeck available only to verified users is likely a play to drive more subscriptions for Twitter Blue.
The RealReal Says It Will Start Enforcing Fees For Returned Consignments
The secondhand online seller has long waived the fee for sellers requesting their items back.
China Restricts Exports of Two Metals Used in High-Performance Chips
The move appears to be a reaction against U.S. restrictions on tech exports to China.
Tesla Deliveries Spike 83% in Second Quarter
Sales are growing amid frequent price cuts and government subsidies
Twitter Banks May Soon Consider Selling Debt, Report Says
Sale of the debt would allow investors to buy into Twitter's debt, which could be strategically valuable over time.
Reddit’s AMA Volunteers to Scale Back Work
The battle highlights the challenge facing companies trying to make money off content mostly generated from users.
Musk Limits Twitter Usage
Since taking control of Twitter last October, Musk has moved aggressively to control how Twitter’s data can be used.
Nvidia Acquired AI Startup That Shrinks Machine-Learning Models
Former employees of the startup now work at Nvidia.
Goldman Reportedly Trying to Get Out of Apple Partnership
Wall Street bank in talks with Amex to take over Apple business, WSJ reports
Microsoft Says Bing Will Keep Serving News Links in Canada
The move could give Bing an opportunity to try to swipe some Canadian users away from Google.
Citigroup Reviews Relationship with Crypto Custodian Metaco
Crypto payments firm Ripple, which has been in a long-running battle with the SEC, acquired Metaco last month.
ESPN Lays Off About 20 On-Air Personalities
ESPN is cutting on-air staff as the Disney-owned company looks to rein in costs. Disney, more broadly, has laid off 7,000 employees this year.
Apple Becomes $3 Trillion Company
Apple is one of five tech companies with a market capitalization above $1 trillion, including Microsoft, Alphabet, Amazon and Nvidia.
Fidelity Marks Down Stakes in Discord, Reddit
Twitter, on the other hand, got better news. Fidelity marked up its stake by about 5% in May compared to April.
Nvidia, Salesforce Ventures Back AI Video Startup Runway
The financing adds to Runway’s $50 million Series C round announced in December.
Jobs Startup Bitwise Files for Chapter 7 Bankruptcy
The company was valued at hundreds of millions before abruptly shutting down in early June.
Insider Intelligence to Lay Off 20, Outsource to Philippines
Axel Springer's Insider Intelligence is laying off 20 US-based employees and outsourcing their roles to the Philippines.
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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