SEC Fires Back at Coinbase’s Request For New Crypto Rules
Since Chair Gary Gensler joined the agency in 2021, the SEC has been ramping up its enforcement actions against crypto firms.
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Recent Editions
Twitter Agrees to Buy HR Tech Startup Laskie
Twitter, which has laid off around 80% of its 7,500 employees since Elon Musk took over the company in October, hired seven of the company’s employees, including both founders.
OpenAI Readies New Open-Source AI Model
The move comes as open-source alternatives to ChatGPT multiply.
SpaceX Hires Former NASA Official Kathy Lueders on Starship
Lueders retired from NASA after 31 years at the agency
TPG to Buy Credit and Real-Estate Investment Firm Angelo Gordon for $2.7 Billion
The cash-and-stock deal helps TPG push back into private credit.
Tiger Global Looks to Offload Startup Stakes
The firm also tried to sell stakes in venture capital funds it backed in 2022, The Information reported last month.
EU Approves Microsoft’s $69 Billion Acquisition of Activision
The decision comes as the deal is facing other regulatory setbacks in the UK and the US.
Vice’s Creditors Include Wide Range of Software and Media Firms
A bankruptcy filing listed Salesforce, Asana, Oracle, AWS, CNN and HBO as unsecured creditors.
Vice Media Files For Bankruptcy Protection
The filing comes after a year in which Vice tried to find a buyer, discovering little interest in its assets.
Klaviyo Files Confidentially for IPO
The marketing tech company has been shaping itself up for an anticipated public debut over the past year.
Ex-ByteDance Engineer Claims Communist Interference in TikTok Owner
The suit could provide material to lawmakers calling for a ban of TikTok over concerns that its Chinese parent constitutes a national security risk.
Luminar Technologies CEO Buys Forbes Magazine
Luminar CEO Austin Russell becomes the latest tech founder to buy a print media product.
Binance Exits Canadian Market Due to New Regulations
Canadian securities regulators announced in February that crypto companies that offer trading needed to agree to updated regulations as they await registration.
Paradigm-Backed NFT Startup Tessera Shuts Down
The company’s co-founder said in a tweet that reaching profitability would be challenging.
Tesla Recalls 1.1 Million Chinese Cars Over Braking
The issue will be addressed with an over-the-air software update
Elon Musk Confirms Linda Yaccarino as New Twitter CEO
Musk's announcement came shortly after NBCUniversal said Yaccarino, its global advertising chief, was leaving the company effective immediately.
Binance.US Exploring Lowering Founder Changpeng Zhao’s Majority Stake
Binance.US executives have discussed whether reducing Zhao’s stake might help its standing in the eyes of U.S. regulators.
Meta Unveils Generative AI Tool for Advertisers
The company currently is testing the tool, known as the "AI Sandbox," with a small group of advertisers.
Startup Valuations Are in Free Fall
Startup valuations fell 75% in the first quarter compared to 2021.
Weekday mornings
The Information AM by The Information Staff
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