Zoom Shares Drop 5% As Sales Slowdown Continues
Zoom has had a rough year with shares down 56% so far, but one ray of hope is the growth of its sales to large corporate customers.
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Musk Appoints New Head of Ads After Firing Former Sales Lead
The company has lost a string of high-profile executives in recent weeks.
Bob Iger Returns as Disney CEO, Chapek Out
Disney's reshuffling of its leadership comes as the company has shown steep losses from its streaming business.
FTX Owes Top 50 Creditors More Than $3.1 Billion
The 10 largest creditors of the bankrupt crypto exchange each have more than $100 million in unsecured claims.
Elon Musk Reinstates Donald Trump’s Twitter Account
Twitter suspended Trump’s account in January 2021, after judging that Trump's tweets after the January 6 insurrection violated Twitter’s ban on inciting violence.
Theranos Founder Elizabeth Holmes Sentenced to 11 Years in Prison
Her months-long trial that came to symbolize the limits of Silicon Valley hubris.
Yoel Roth, Former Trust & Safety Chief at Twitter, Says App Stores Will Check Musk
Roth had appeared to be favored by Musk so his sudden exit caught people by surprise. In the op ed, he explains his reasons for leaving.
Elon Musk Announces New Content Moderation Framework
Musk said he had not made a decision on whether former president Donald Trump would be allowed to return to the platform.
Elon Musk Schedules Engineer Interviews To Learn About Twitter’s Tech Stack
“If possible, I would appreciate it if you could fly to SF to be present in person,” Musk wrote.
Twitter Temporarily Closes Offices as Hundreds Depart Company
The email came less than two hours after the deadline for employees to decide whether or not to stay at the company.
Lacework Switches CFOs, Hires First-Ever Marketing Chief
Lacework, a cloud security startup backed by Sutter Hill Ventures, is shaking up its executive ranks as it continues to search for a new global sales chief.
Twitter Finds a New Head of Trust and Safety
Ella Irwin was a VP of product before Elon Musk acquired Twitter
Alameda Research Loaned Sam Bankman-Fried $3.3 Billion
Paper Bird, which received a $2.3 billion loan, also controlled FTX Ventures, which Bankman-Fried has said had $2 billion of his personal capital for venture investments.
SpaceX Faces Charges Over Firing Workers Who Criticized Elon Musk
Eight former SpaceX worked fired charges with the National Labor Relations Board Wednesday
FTX US Loaned BlockFi $250 Million in FTT
The filing in FTX’s bankruptcy case comes days after BlockFi announced that it had paused customer withdrawals and hired financial advisors to “explore all options.”
Alibaba Upsizes Share Buyback as Revenue Misses Expectations
The e-commerce giant is cutting costs as it scrambles to adapt to a tougher economic environment in China.
FTX’s Ray Calls FTX Empire “Unprecedented” for Lack of Corporate Controls
Ray also says "a substantial portion" of FTX and Alameda's assets may be "missing or stolen."
E-Commerce Tech Firm Rokt Hires New CFO, Eyes 2023 IPO
E-commerce marketing tech company Rokt has hired a new chief financial officer and added a veteran retail exec to its board as it continues to prepare for an IPO in late 2023.
U.K. Government Blocks Chinese Takeover of Chip Manufacturer
The U.K., like the U.S., has been stepping up its efforts to block China's attempts to acquire overseas semiconductor assets.
Warcraft and Overwatch to End in China After NetEase And Blizzard Fail to Renew Contract
The Chinese games publisher and developer had a 14-year relationship with Blizzard, part of Activision Blizzard, the games giant that Microsoft wants to buy.
Weekday mornings
The Information AM by The Information Staff
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