Fidelity Marks Down Twitter Stake Another 7.9%
Fidelity's valuation appears to be too high, judging by where Twitter's publicly-traded rivals are trading in the stock market.
Weekday mornings
The Information AM
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
Recent Editions
Coinbase Hires Former Shopify Executive as Country Director
The hire comes as Canada has tightened crypto regulations for crypto companies that offer trading.
Circle’s USDC Outflows Exceed $10 Billion Since Crypto Bank Crisis
The stablecoin’s circulation has dropped roughly 24% since the day before Silicon Valley Bank was closed.
Virgin Orbit Lays Off 85% of Staff, Ceases Operations
The layoffs follow failed investor talks
ByteDance’s Founder Met With Walmart CEO Last Week
Walmart agreed to buy a stake in TikTok in 2020, so the latest meeting raises speculation about whether ByteDance is again considering a sale.
Block Responds to Short Seller’s Allegations of Fraud
The Jack Dorsey-founded fintech said that most of its accounts were linked to users with verified identities.
Apple Delays Headset Production to Third Quarter
The latest delay stems from Apple's uncertainty about how the headset will be received in the current economic climate, according to a prominent analyst.
FTC Chair Refused Musk Request for a Meeting
Musk ended up meeting with the FTC's single Republican commissioner.
Roku Lays Off 6% of Workforce
Roku plans to lay off 200 employees. The company said it's aiming to better manage operating expenses amid the ongoing slowdown in the digital ad market.
Meta to Allow European Users to Opt Out of Personalized Ads
Users who want to opt out of personalized ads will be able to submit their request using an online form.
Alphabet’s DeepMind and Google Brain Set Aside Rivalry, Target OpenAI
Also, a prominent Google AI researcher resigned after raising red flags to CEO Sundar Pichai about Bard, the company's ChatGPT clone.
Startup Wiz Finds Critical Azure Flaw Tied to Bing Search
Wiz, a cybersecurity startup co-founded by former Microsoft engineers, adds another flaw to the list of critical Azure flaws its researchers have found.
ByteDance Promoting Lemon8, New Community App in U.S.
ByteDance's introduction of Lemon8 comes as its hugely popular TikTok app is under a threat of a U.S. ban.
Binance.US Expects to Fix ACH Transfers in 24 Hours
Exchanges have been having problems with a key payment method for customers following the collapse of crypto-friendly banks Signature and Silvergate.
Celebrities Complain Ahead of Planned Twitter Verification Changes
Twitter will remove legacy blue checks on April 1 and only recommend accounts subscribed to Twitter Blue on the “For You” tab starting April 15.
Disney Fires Marvel Entertainment Chief Ike Perlmutter
Disney has dismissed Isaac Perlmutter, the chairman of Marvel Entertainment, who was involved in a recent proxy battle with investor Nelson Peltz.
China’s Last-Mile-Delivery Giant Files for Hong Kong IPO
Investors and bankers are hoping that a successful listing could pave the way for others to follow, after the global IPO market came to a near halt last year.
Judge Sides Against Google on Claims It Deleted Records
A federal judge in California ordered Google to pay attorney fees and other costs for plaintiffs suing the company on antitrust grounds.
Google Strikes Deal With Replit in Challenge to Microsoft
Google Cloud will sell customers access to software from Replit, while Replit users will have access to Google's AI models and other cloud services.
Oscar Health Names Insurance Veteran as New CEO
Co-founded by Thrive Capital's Josh Kushner, Oscar's stock has collapsed since its 2021 IPO as its losses have increased.
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