Instacart Boosts Its Valuation 18%, Mirroring Stock Market Bounce
Other private tech companies could similarly boost their common stock prices.
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Recent Editions
Tesla First Quarter Car Deliveries Rise 36%
Elon Musk's electric vehicle maker showed a significantly lower growth rate than it did a year earlier as the weak economy hurt sales.
Twitter Releases Part of Its Ranking Source Code
The code, though incomplete, provides some insight into how Twitter’s “For You” page works, including how it has changed under Elon Musk.
Meta Tells Managers to Temporarily Stop Hiring Remote Workers
The company’s directive coincides with a growing desire among tech executives to boost office attendance.
Fidelity Marks Down Twitter Stake Another 7.9%
Fidelity's valuation appears to be too high, judging by where Twitter's publicly-traded rivals are trading in the stock market.
Coinbase Hires Former Shopify Executive as Country Director
The hire comes as Canada has tightened crypto regulations for crypto companies that offer trading.
Circle’s USDC Outflows Exceed $10 Billion Since Crypto Bank Crisis
The stablecoin’s circulation has dropped roughly 24% since the day before Silicon Valley Bank was closed.
Virgin Orbit Lays Off 85% of Staff, Ceases Operations
The layoffs follow failed investor talks
ByteDance’s Founder Met With Walmart CEO Last Week
Walmart agreed to buy a stake in TikTok in 2020, so the latest meeting raises speculation about whether ByteDance is again considering a sale.
Block Responds to Short Seller’s Allegations of Fraud
The Jack Dorsey-founded fintech said that most of its accounts were linked to users with verified identities.
Apple Delays Headset Production to Third Quarter
The latest delay stems from Apple's uncertainty about how the headset will be received in the current economic climate, according to a prominent analyst.
FTC Chair Refused Musk Request for a Meeting
Musk ended up meeting with the FTC's single Republican commissioner.
Roku Lays Off 6% of Workforce
Roku plans to lay off 200 employees. The company said it's aiming to better manage operating expenses amid the ongoing slowdown in the digital ad market.
Meta to Allow European Users to Opt Out of Personalized Ads
Users who want to opt out of personalized ads will be able to submit their request using an online form.
Alphabet’s DeepMind and Google Brain Set Aside Rivalry, Target OpenAI
Also, a prominent Google AI researcher resigned after raising red flags to CEO Sundar Pichai about Bard, the company's ChatGPT clone.
Startup Wiz Finds Critical Azure Flaw Tied to Bing Search
Wiz, a cybersecurity startup co-founded by former Microsoft engineers, adds another flaw to the list of critical Azure flaws its researchers have found.
ByteDance Promoting Lemon8, New Community App in U.S.
ByteDance's introduction of Lemon8 comes as its hugely popular TikTok app is under a threat of a U.S. ban.
Binance.US Expects to Fix ACH Transfers in 24 Hours
Exchanges have been having problems with a key payment method for customers following the collapse of crypto-friendly banks Signature and Silvergate.
Celebrities Complain Ahead of Planned Twitter Verification Changes
Twitter will remove legacy blue checks on April 1 and only recommend accounts subscribed to Twitter Blue on the “For You” tab starting April 15.
Weekday mornings
The Information AM by The Information Staff
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