Lordstown Motors Files for Bankruptcy
Lordstown is one of about a dozen electric vehicle startups to go public in the past three years but unlike some of the others, it has struggled.
Weekday mornings
The Information AM
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
Recent Editions
Zoom Taps Microsoft AI Veteran for CTO Role
Zoom is shaking up its technology leadership as it looks to weave generative AI features into core products and cope with a technology spending slowdown.
FTX Senior Attorney Helped Cover Up Misuse of Funds
A new report said that FTX owed $8.7 billion to customers.
Meta Launches VR Subscription Service
The company said the service, Meta Quest+, would cost $7.99 per month or $59.99 annually.
Goldman Sachs Installing Montag on Board, Cutting Managing Director Roles
Montag is viewed as an ally of CEO David Solomon, who has come under scrutiny.
Databricks to Buy Generative AI Startup MosaicML for $1.3 Billion
The deal comes as Databricks is striving to meet the rising demand for generative AI tools similar to OpenAI’s ChatGPT.
Anaplan Laying Off Hundreds of Workers
Thoma Bravo bought the software firm last year for $10.4 billion.
Amazon to Boost Total India Investment to $26 Billion by 2030
India, which is expected to become the world's most populous country soon, is one of Amazon's most important markets.
IBM to buy Apptio from Vista for $4.6 billion
The sale would amount to more than double the price Vista paid in 2019.
SpaceX Tender Lifts Value to $150 Billion, Report Says
The company is pursuing a $750 million tender offer, the report says.
Chipmaker to Raise Over $1 Billion in Debt From Apollo-Led Group
The company has said it is was seeking $1 billion in non-governmental funding for capital expenditures next year.
Sequoia Had $1 Billion in SVB Deposits When Bank Was Seized
Sequoia Capital had $1 billion deposited in Silicon Valley Bank when it imploded this spring.
Cloud Networking Startup Aviatrix Switches CEOs
The move comes as Aviatrix is looking to raise its profile in the cybersecurity market and compete with companies like Palo Alto Networks.
Biden Officials Concerned About Chinese Cloud Providers’ Data Access
The government is worried that leaders in Beijing could use Chinese data centers to access sensitive information.
Amazon’s iRobot Acquisition Likely to Face Full-Scale EU Probe
iRobot shares closed more than 25% below Amazon's proposed acquisition price, indicating skepticism from investors that the deal will go through.
Robinhood Acquiring Credit Card Startup X1
The acquisition is part of Robinhood’s effort to expand its product line beyond trading.
Fortress to Acquire Digital Media Brand Vice out of Bankruptcy
Fortress was Vice's biggest creditor and other firms failed to top its offer of $225 million.
TikTok Responds to Senators’ Questions Over Creators’ Data
TikTok’s letter addressed a news report that the company had stored creator data in China.
Twitter Resumes Paying Google Cloud Bill
Twitter is now negotiating a broader partnership with Google involving advertising and access to Twitter’s API.
Anchorage Digital Disables Trading for Filecoin
Anchorage, which offers trading for big crypto investors, told customers earlier this month they could no longer trade filecoin as of June 6.
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