Square CEO to Depart in October
Alyssa Henry has been Square’s top executive since February.
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Recent Editions
Instacart Prices IPO at $9.9 Billion Valuation
Instacart is taking a big valuation cut from its 2021 fundraising in its long-awaited IPO.
Stitch Fix Plans to Shutter U.K. Operations Amid Cost Cutting
Walmart alum Matt Baer has been tasked with turning around the former e-commerce darling.
Musk Says X, Formerly Twitter, Will Charge All Users to Use Platform
It’s unclear whether Musk’s remarks on Monday reflect an active effort at the company.
Microsoft Product Chief Panay Resigns, Said to Take Job at Amazon
Panay oversaw the development of Microsoft’s Surface tablet and, more recently, ran the Windows business.
Klaviyo Boosts IPO Valuation Target to Around $9 Billion
The increase follows Arm’s strong debut last week.
SoftBank Seeks Deals to Invest in OpenAI or Other AI Firms
The successful initial public offering of SoftBank-owned chip designer Arm is enabling the Japanese investment firm to become more aggressive.
Y Combinator Leaders Feud With Fellow Accelerator Chief
Over the weekend, leaders from two startup accelerator programs argued online.
ByteDance, CFIUS Reportedly Resume Negotiations
The new talks center on the progress the company has made to implement Project Texas, The Washington Post reported.
Instacart Raises Valuation Target to Nearly $10 Billion
An updated IPO filing shows that the company plans to price its shares between $28 and $30, translating to a fully-diluted equity value of $9.3 billion to $9.9 billion.
Flexport Revenue Drop Showed Extent of Freight Slowdown
The venture-backed startup also burned through cash.
Adobe Forecasts 10% Sales Growth, Releases Firefly More Widely
The company has been integrating generative AI into several of its flagship products, such as Photoshop.
Microsoft to Host Some Oracle Servers to Speed Customers’ AI Development
The agreement is exclusive, making Microsoft the only other cloud provider to host Oracle Database.
Arm Stock Price Pops By Nearly One-Quarter After First Trading Day
The share price Arm Holdings ended Thursday at $63.59, up nearly 25% above the initial public offering price, a strong early sign for the tech listing market overall.
Elon Musk’s X Hires Four Former TV and Advertising Executives
The new hires are all former colleagues of X CEO Linda Yaccarino from her days at NBCUniversal and Turner.
Arm Prices IPO at $51 a Share
Arm's listing will be followed soon by Instacart and Klaviyo. If things go well, the IPO market could pick up.
Google Lays Off Hundreds of Recruiters
Google has pared down some teams since cutting 12,000 employees in January.
Amazon Adds Ex-Intuit CEO to Board
Brad D. Smith served as Intuit’s CEO from 2008 to 2019 and its executive chairman from 2019 until 2022.
SpaceX’s Starlink Generated $1.4 Billion in 2022 Revenue
Starlink revenues have surged since 2021.
European Union Launches Probe Into China’s Subsidies for Electric Cars
Europe's anti-subsidy probe comes at a time when Chinese electric car makers are stepping up their efforts to expand globally.
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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