Gamemaker Akili Interactive Goes Public with SPAC Backed by Chamath Palihapitiya
As investors look to pull their money from SPACs, more than 99% redeemed their shares as part of the deal
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Julian Robertson, Founder of Tiger Management, Dies at 90
Robertson founded the hedge fund Tiger Management in 1980 with $8.8 million.
DataRobot Lays Off 26% of Staff in Cost-Cutting Move
This is DataRobot's second round of job cuts this year and comes a month after former CEO Dan Wright resigned amid internal turmoil over his and other executives' stock sales.
Former Twitter Exec Alleges Reckless Security Policies
An explosive whistleblower complaint from a former Twitter executive over alleged major security issues comes amid the social network's legal battle with Elon Musk.
Apple to Manufacture iPhone 14 in India as Gap Closes with China
The newest iPhones will start production in India about two months after they start in China as the gap between the manufacturing capability of the two countries narrows.
Former Apple Car Employee Pleads Guilty to Trade Secret Theft
The guilty plea comes amid heightened concerns over intellectual property theft by Chinese companies.
Zoom Misses Revenue Guidance and Lowers Forecast
The company’s year over year revenue growth has nearly flattened compared to the latter half of 2020 when it exceeded 350%.
China’s Discount E-Commerce Firm Pinduoduo Will Launch in the U.S.
Pinduoduo, the discount online marketplace that quickly grew to rival Alibaba but now faces tough times as China’s economy has soured, is planning to expand to North America.
TikTok’s In-App Browser Has Ability to Monitor Users’ Keystrokes
A researcher earlier said that Facebook and Instagram’s code also injected software to track users in a similar manner.
Twitter Tells Employees Bonuses Could Be Halved
The warning comes amid concerns over a looming recession.
Amazon Among Suitors for Signify Health
An Amazon deal to acquire Signify, which could top $8 billion, would represent a much bolder move into the healthcare category for the internet retailer.
FDIC Issues Cease and Desist Letter to FTX US, Four Other Firms
The FDIC said that the statements falsely implied that FTX US is insured by the agency
U.K. Government Blocks Chip Deal by Chinese Firm
The report highlights the U.K. government's growing concerns about China's continued efforts to gain access to chip technology abroad.
China’s Cyber Regulator Wants “Affectionate” Ties With Tech Companies
The Cyberspace Administration of China, which led part of a wide ranging crackdown on tech, said it wanted to build a “healthy, get-to-the-top, can-do entrepreneurial atmosphere.”
Apple Warns Mac, iPhone, iPad Users of Critical Security Flaws
Apple has released software fixes for two critical operating system vulnerabilities and warned that hackers may already be taking advantage of them.
Snap Halts Development on Its Selfie Drone Pixy
The Snapchat parent’s decision comes after revenue growth slumped to 13% last quarter, its smallest gain since going public.
China Lashes Out Against New U.S. Chips Act
China’s commerce ministry said it opposed the new chips act and would take strong measures to safeguard its rights.
Amazon is Testing TikTok-Like Short Videos Featuring Products
The test is currently only visible to some employees of the giant e-commerce company and users can post, share and purchase products.
Cisco Systems Reports Another Quarter of Flat Revenue Growth
The company pointed to its order backlog as the reason for stalled growth, which it said would persist through the coming year.
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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