Amazon Aggregators Suma and D1 Brands Merge
Many Amazon aggregators have been under mounting pressure from their lenders to merge.
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The Information AM
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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Recent Editions
DeSantis to Announce 2024 Presidential Run in Interview with Elon Musk
The interview will be moderated by the investor David Sacks and streamed on Twitter Spaces on Wednesday afternoon.
JPMorgan Adds More Former SVB Tech Bankers
Banking giant says it has added more than 100 bankers in total this year to support its innovation economy business.
ChatGPT Is Using Microsoft’s Bing to Deliver Answers
The new integration could help Bing improve the quality of its results and boost its chance of winning search deals with Apple and Mozilla.
Comcast Unveils New Online TV Bundle, Including Peacock
Comcast plans to launch a $20 subscription TV service, which will include access to Peacock and 40 cable networks such as AMC, BBC America and Discovery.
Shutterstock Agrees to Acquire Giphy From Meta
Deal is for $53 million in net cash, after Meta bought Giphy for $400 million in 2020.
Activist Investor Calls on Yelp to Sell Itself
The agitating investor, TCS Capital, is now one of Yelp's five biggest shareholders, according to report.
Zoom Continues to Feel Pinch of Tightening Tech Budgets
Zoom's sales to large customers continue to slow as companies get more careful about their spending, but the company did raise its annual sales forecast.
JPMorgan Sees Bigger Than Expected Gain From First Republic Purchase
Executives also see signs of economic deterioration on the horizon
TikTok, Citing First Amendment, Sues Montana Over Impending Ban
The law seeks to ban TikTok within Montana’s borders and would levy fines of up to $10,000 per violation per day against TikTok and app stores.
Walmart+ Adds Free Pet Telehealth in Latest Move to Take on Amazon Prime
The membership program has helped Walmart attract wealthier shoppers as more consumers look for bargains.
Amazon Starts Using Palm Prints for Age Verification at Bars
The age verification technology is being launched at two bars at Coors Field in Denver, Colo.
China Telcos to Stop Buying Micron Products Over National Security
The move dials up the conflict between China and the U.S. over technology and comes after the U.S. blacklisted China's Yangtze Memory Technologies last year.
Meta in Talks With Magic Leap Over AR Deal
The agreement could help Meta advance its costly plan to build metaverse technologies.
Neeva Shuts Down Search Engine Ahead of Snowflake Deal
Neeva's announcement came days after The Information reported Snowflake was in talks to buy the startup.
Blackstone Closes In on Deal for Billboard Operator
Deal would value New Tradition at between $500 million and $750 million.
Instagram’s Twitter-Like App Could Be Released Next Month
The reported tagline for the app is, “Instagram for your thoughts.”
SoftBank Butts Heads with Revolut Over Plan to Secure Banking License
Revolut needs to convert its preferred shares into common shares so it can receive a banking license. SoftBank wants a better deal before it agrees to Revolut’s plan.
Australian Stock Exchange Scraps Blockchain Project
The planned ASX blockchain integration would have been a high-profile use case of the technology by a financial giant.
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