Meta Appoints New COO to AR/VR Division
Reality Labs’ outgoing COO, Rebecca Van Dyck, is leaving the company after a decade.
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Shopify Shares Plunge On Slower Revenue Growth, Acquisition News
The Canadian e-commerce giant also racked up a $1.4 billion net loss in the first quarter of the year, wiping out a $1.3 billion profit it earned during the same period last year.
Musk Raises More than $7 Billion in Investments for Twitter Deal
The outside commitments allowed Musk to halve the loans he is taking out secured against his Tesla stake.
JD.com, Pinduoduo Added to List of U.S.-Listed Chinese Firms Facing Delisting Risks
U.S.-listed Chinese companies are grappling with pressure from both Washington and Beijing.
China’s Central Bank Calls for “Normalized” Supervision on Internet Businesses
The statement comes after China's top leaders suggested that Beijing would increase its support for the domestic economy, including internet-based businesses.
Intuit Settles Probe Into TurboTax Marketing Practices
The financial software firm is also facing a lawsuit from the Federal Trade Commission for deceptively advertising its tax filing software as free.
Google Buys AR Display Startup That Drew Interest From Snap, Meta
Google valued the pre-revenue company at roughly $1 billion.
Stanford Announces Sustainability School Funded By Kleiner Perkins Chairman John Doerr
This shows Silicon Valley's rising interest in climate technology.
Meta Platforms Implements Hiring Freeze Amid Slowing Revenue Growth
Meta's CFO said the freeze "will affect hiring goals for almost every team across the company."
Musk Says Twitter Might Charge Corporate and Government Users
Musk says the service will remain free for casual users, but suggests new cost for certain types of users
Coinbase Ends Deal Talks With Parent Company of Brazilian Crypto Exchange
Acquiring the Brazilian exchange could have aided Coinbase in its push to expand its services globally.
Uber’s Revenue Jumps Sharply in Q1
Uber's ride-hailing business recovered sharply from a year ago but it still has not recovered to its pre-Covid levels.
Elon Musk Says Will Relist Twitter a Few Years After Taking it Private
Musk told potential investors including private equity firms about his plans for the firm to return to public markets in as little as three years.
Didi Global Says SEC Investigating IPO
The ride hailing firm says the Securities and Exchange Commission is investigating its 2021 stock market debut where it raised $4.4 billion.
Sequoia Capital China Sells Meituan Shares for $800 Million
Meituan and other Chinese internet giants continue to face uncertainties amid a slowdown in China's economic growth and recent Covid-19 lockdowns.
Airbnb Posts Strong Earnings Citing Pandemic Recovery
Revenue rose 70% and net loss narrowed, as bookings went up and longer trips grew more popular.
Lyft Stock Collapses After Q1 Report
Lyft's revenue was 44% above the year-earlier quarter, but still below the first quarter of 2020 before Covid devastated its business.
Cloud Startup Teleport Valued at $1.1 Billion After New Funding
Teleport, a startup co-founded by former employees from cloud computing firm Rackspace, helps companies protect sensitive data.
Coinbase Borrows Goldman Sachs’ First Bitcoin-Backed Loan
The loan, the firm’s first backed by the cryptocurrency, is a move that reflects Wall Street’s growing acceptance of digital assets.
Roku, Apollo Bid for Stake in Starz
Roku is looking to grow its content business amidst declining device sales.
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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