Olaplex CEO Steps Down Amid Slumping Share Price and Consumer Backlash
The hair care brand went public in 2021 in a $1.5 billion IPO.
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Ellison Created Seven Different Alameda Balance Sheets at SBF’s Direction
Bankman-Fried sent crypto lender Genesis a balance sheet that hid billions of customer funds taken from FTX.
DeepMind Cut 20% of Its Expenses Before Merging with Google
The former Alphabet unit also turned a $123 million operating profit.
Microsoft Contests IRS’ Claim It Owes $29 Billion in Unpaid Taxes
Microsoft and the IRS have sparred in recent years, dating back to an IRS probe beginning in 2012.
Goldman Sachs Strikes Deal to Sell Greensky, Details Earnings Hit
Move is part of the Wall Street bank’s unwinding of its consumer banking strategy .
J.P. Morgan Facilitates Its First Blockchain-Based Settlement Trade
The trade is the latest advancement by a big bank into commercial blockchain services.
EU’s Thierry Breton Warns Mark Zuckerberg Over Disinformation
Breton urged Zuckerberg to be "vigilant" amid a "surge of illegal content and disinformation" related to the Israel-Hamas war.
Microsoft’s GitHub AI Coding Assistant Exceeds $100 Million in Recurring Revenue
GitHub Copilot is a profitable business, vice president of product Mario Rodriguez said.
SBF Directed Alameda to “Borrow as Much Money” as Possible
Alameda also used FTX customer funds for the firm’s own trading purposes and investments, including funding FTX Ventures, the former $2 billion venture arm of FTX.
EU Commissioner Asks Musk for Information on “Illegal Content and Disinformation” Spreading on X
If X is found to be in violation of Europe's Digital Services Act, it could face fines of up to 6% of its annual global revenue.
Agnes Chu Departing Conde Nast
Chu, a former executive at Disney, had focused on translating magazine articles into content for film, TV, digital video and podcasts.
Washington Post Seeks to Reduce Headcount by 240, Offers Buyouts
The cuts would represent nearly 10% of the paper’s current total headcount of 2,500.
X Stopped Using Software Tool That Identified Misleading Images
X shut down the internal product, which ran on Google Cloud, as it shifted away from that cloud computing service to reduce costs.
Lambda Labs Nears $300 Million Financing
Investors are valuing Lambda Labs at five times this year’s revenue/
Square’s Chief Marketing Officer Departs for QuickBooks
Lauren Weinberg spent six years at Square, and was previously a marketing executive at Yahoo.
Israeli Tech Companies Brace for War
The conflict is expected to disrupt operations at large tech companies with sizable presences in Israel, including Google, Microsoft, and Nvidia.
Unity Ousts CEO, Installing Silver Lake Advisor as Temporary CEO
Riccitiello's ouster follows reports that a pricing model change he made had outraged developers.
Blue Origin Lays Off Around 40 People
It’s the latest round of cuts at Jeff Bezos’ aerospace firm, which recently announced plans to replace its current CEO with an Amazon executive.
Peltz Plans New Activist Campaign Against Disney
Disney stock has fallen 27% since Peltz called off his last campaign, in February.
Aparna Chennapragada Joins Microsoft in Senior AI Role
At Google, Chennapragada worked closely with CEO Sundar Pichai as a key technical adviser.
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