Twitter Revenue Falls But Stock Stays Flat Thanks to Musk Deal
As advertising demand slows, the social media company’s revenue dropped for the first quarter since the beginning of the pandemic.
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
Instacart Founder to Step Down After Company Goes Public
Apoorva Mehta, a co-founder of Instacart, currently serves as executive chairman and member of the board after stepping down as CEO last summer.
Shakeup at Amazon as Policy Chief Jay Carney Departs for Airbnb
Though Carney does not officially depart till August, the news of his resignation has already led to changes within the company’s corporate structure.
Samsung Mulls $200 Billion Spending on Texas Chip Plants
Samsung's potential plans come as the U.S. Senate is discussing a bipartisan bill to provide funding to beef up domestic semiconductor production.
Blockchain.com Lays Off 25% of Staff
The layoffs follow cuts at exchanges including Coinbase, Gemini and NFT Marketplace OpenSea
Ex-Coinbase Exec Charged with Insider Trading
The defendants earned roughly $1.5 million after purchasing at least 25 crypto assets before they were listed on the exchange.
Snap Reports Sharp Revenue Slowdown, Shares Plunge
The social platform and augmented reality company grew revenue by just 13% year over year, its slowest quarterly rate since going public.
Musk’s Right Hand Man at Tesla is Under Investigation
Omead Afshar, a senior director in the office of the CEO, is expected to leave the company
Andreessen Horowitz Announces Miami, New York, LA Offices
The venture capital firm says it's "moving into the cloud" and will no longer require dealmakers to come into the office under new operating model.
Amazon Doubles Down on Health Care With $3.9B One Medical Deal
Amazon will acquire the concierge medicine practice One Medical in an all-cash deal valued at $3.9 billion.
China Slaps Didi With Nearly $1.2 Billion Fine as Yearlong Probe Ends
The end of the Didi probe could spur hopes among Chinese tech executives and investors that the worst may be over in Beijing's crackdown on the sector.
Tesla’s Musk Keeps Car-Growth Goal of 50% Despite Revenue Deceleration
“We have potential for a record-breaking second half of the year,” Musk said.
ByteDance Secondary Shares Trade Below $300 Billion in Private Deals
Shares in the privately held owner of TikTok traded at $275 billion even as some investors are optimistic about the prospects of an IPO.
Microsoft, Oracle Build Data Path Between Their Clouds
After announcing a cloud partnership three years ago, longtime rivals Microsoft and Oracle are now getting even closer.
Esports Heavyweight FaZe Clan Goes Public in $725 Million SPAC Deal
The gaming company was previously valued at $1 billion
Google Says It Will Pause Hiring
The internal announcement strikes a cautionary note ahead of Google's earning call, scheduled for next week.
U.S. Chip Funding Bill Wins Initial Support in First Senate Vote
The support for the $52 billion bill for domestic chip production could pave the way for discussions about additional funding for scientific research.
Netflix Loses 970,000 Subscribers in Second Quarter
The streaming giant hung on to more subscribers than it forecast, but the strong dollar cut into profits.
Google and Oracle’s London Data Centers Hit by Cooling Outages
The scorching heat plaguing much of Europe has also affected some customers of Oracle and Google's cloud services.
Shopify Brings Commerce to YouTube
The effort is the latest in a series of initiatives from Shopify that helps its merchants tap into the growing creator economy.
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