Meta Platforms May Do More Layoffs
Meta laid off 13% of its workforce in November and may cut more workers if there isn't enough voluntary departures.
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Binance Considering Ending U.S.-Based Partnerships Amid Regulatory Crackdown
Binance.US, which claims to be a separate and independent exchange, operates in the U.S. and a spokesperson told The Information it “has no plans to leave the US market.”
E-Commerce’s Share of Total Retail Flatlined in 2022
The slowdown is a challenge to companies that rely on growth in online shopping, including small online sellers, big e-commerce firms like Amazon and payment processors like Stripe.
TikTok Says Has Plans For Two Additional Data Centers in Europe
The video app also said that it has 127 million monthly active users in the European Union as it complies with new disclosure and data protection rules.
Investment Bank China Renaissance Says CEO Is Unreachable
China Renaissance CEO Bao Fan, one of China's best known financiers, has worked on many of the country's biggest tech deals.
Google Cloud Lures Customers With New Purchasing Options
Google Cloud has had a tough time getting customers to steadily increase their spending over time, so it is now offering them more flexible purchasing options.
DocuSign Lays Off Another 10% of Workforce
The layoffs come just a few months after DocuSign said it would reduce its workforce by 9%.
Snapchat Hits 750 Million Monthly Active Users
Snap executives said they saw rapid growth in time spent on the app viewing Spotlights, Snapchat’s TikTok-like feature.
Tesla Recalls 363,000 Cars Over Full Self-Driving Software
Tesla’s newest autonomous driving technology increases the risk of crashes, according to a federal filing
Susan Wojcicki Steps Down as CEO of YouTube
Wojcicki first joined Google in 1999 and built out Google’s advertising and analytics products for 14 years before helming YouTube.
ServiceTitan Cuts 8% of Workforce
A one-time IPO candidate, ServiceTitan has stopped keeping its financial paperwork up to date
Tesla Fires New York Workers Following Unionization Announcement
Autopilot workers informed Elon Musk of their intent to unionize this week.
The RealReal To Cut 7% of Headcount, Close Some Stores and Offices
The cuts come as the luxury reseller looks to rein in expenses under its new CEO.
Lightspeed Hires Ex-Salesforce Ventures Partner for Enterprise Deals
Alex Kayyal, formerly a senior vice president and managing partner at Salesforce Ventures, joined Lightspeed as a partner on the enterprise software team.
Robinhood Sees Pop in Crypto Trading in January
The heightened activity coincides with crypto prices that have rallied in 2023.
Twilio’s Chief Product Officer Departs for VC Firm Norwest
Eyal Manor, a Google veteran who joined Twilio in late 2021, has left to become an entrepreneur in residence at Norwest.
Shopify Forecasts Revenue Slowdown in First Quarter
The e-commerce giant blamed higher inflation that’s weighing on consumer spending for the slowdown in predicted growth.
Roku Posts Flat Q4 Year-Over-Year Revenue
The streaming device maker added 10 million active users last year after heavily investing in original content.
Roblox Bookings Reach New High
The online gaming company’s growth is surpassing the levels reached after the pandemic shutdowns sparked a surge in activity.
SEC Proposes Expanding Custody Rule to Include Crypto
Chair Gary Gensler took a shot at crypto companies that custody assets on behalf of customers, saying that crypto trading and lending platforms are not qualified custodians.
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