Three Arrows Capital Founder Tweets Vague Message Amid Liquidation Rumors
Founded in 2012, the hedge fund is reported to have $10 billion under management, according to Bloomberg.
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Qualcomm Wins Case Against $1 Billion European Antitrust Fine
It’s the latest setback for Europe’s antitrust regulator, which continues to have massive fines against large U.S. companies fall apart on appeal in the courts.
Short-Video Platform Triller Scraps SeaChange Merger Plans, Plans Listing
The two companies said it wouldn't be possible to complete the merger before the June 30 deadline
Apple Signs Deal to Stream Major League Soccer matches
The move is the latest by the tech giant as it pushes further into live sports.
Coinbase to Lay Off 18% of Employees
Coinbase joins several crypto companies that have announced layoffs in recent weeks including crypto lending startup BlockFi and crypto exchanges Gemini and Crypto.com.
U.S. Lawmakers Eye Law to Limit U.S. Investment in China Tech
The bipartisan bill would grant new powers to the government to screen U.S. companies’ investments into Chinese tech as part of efforts to boost America's competitiveness.
Southeast Asia E-commerce and Gaming Giant Sea Ltd to Cut Jobs
The Singapore-based company will layoff staff in its shopping and food businesses as the tech slowdown spreads across Asia.
Oracle Shares Jump 14% on Cloud Sales Growth
Fresh off the closing of its $28 billion acquisition of healthcare tech giant Cerner, Oracle gives investors a promising view of its cloud business.
Disney Loses Popular Streaming Indian Cricket Rights
The loss raises questions about the future growth of Disney+ globally.
EV Startup Electric Last Mile Solutions to Liquidate
The Michigan-based startup went public via SPAC in June 2021
BlockFi Laying Off 20% of Staff
BlockFi is far from the only company that has been forced to slash staff amid a dramatic crypto market rout.
Amazon, Google Offer Concessions to Resolve European Antitrust Probes
If Amazon and Google can strike deals with the regulator, they would avoid paying fines that could total as much as 10% of annual global revenue.
Google Agrees to Pay $118 Million in Settlement of Gender Discrimination Lawsuit
The company didn't admit to any wrongdoing as part of the settlement in the class action lawsuit started by three women in 2017.
Google Suspends Engineer Who Says Chatbot Is Sentient
The engineer who claims to have found a sentient AI chatbot in Google’s servers said he was suspended for sharing confidential company information with third parties.
Bitcoin Falls After Cryptocurrency Lending Firm Celsius Network Pauses Withdrawals
The firm cited “extreme market conditions” in halting withdrawals and transfers between accounts.
Amazon Bows Out of Race for Marquee Indian Cricket Rights
Amazon is said to back off a bidding war for costly sports streaming rights.
U.K. Regulator Accuses Apple and Google of Running Duopoly in Mobile
The move shows that the U.K.'s antitrust regulator intends to use its power to investigate U.S. tech giants and take further action.
Beijing Gives Tentative Green Light for Ant IPO, Reuters Says
China's securities regulator, however, said it has not concluded its review of Ant, whose IPO in late 2020 was cancelled by Beijing.
Stitch Fix Is Cutting 15% of Salaried Staff
Most of the cuts will involve corporate roles and people who manage the company’s stylists.
Weekday mornings
The Information AM by The Information Staff
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