HP’s Profit Falls By Half on 19% Revenue Drop
HP's quarterly slump reflects a downturn in the personal computer market.
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Instacart Grew Revenue 39% Last Year
Instacart told investors that sales stood at about $2.5 billion last year.
Bain Capital Ventures Raises $1.9 Billion in New Funds
The Docker and DocuSign backer is an offshoot of the Boston-based private equity firm Bain Capital.
SoftBank-backed Reef Technology Hires Restructuring Advisors
Reef hired Akin Gump Strauss Hauer & Feld LLP and Alvarez Marsal as restructuring advisors within the last month
Goldman Sachs Updates On Consumer Lending Retreat
Goldman CEO David Solomon has come under fire from employees and investors in recent months over the failures of the consumer lending push.
Warby Parker Warns Revenue Growth Will Slow
The direct-to-consumer eyewear company has invested in expanding its retail footprint and additional offerings like eye exams.
Instacart Launches Business-Focused Delivery Offering
The launch puts Instacart in closer competition with Amazon and Walmart, which both have similar services for small businesses.
Canada Removes TikTok From Government-Issued Devices
Canada's decision follows similar moves earlier by the U.S. government and the European Union's executive branch.
Robinhood Subpoenaed by SEC Over Crypto Business
It’s yet another sign of regulators closing in on crypto companies since FTX’s bankruptcy.
Vice Media Names New Co-CEOs
Vice has named two longtime executives to replace CEO Nancy Dubuc, who departed last week, as the struggling company pursues a sale.
Coinbase to Suspend Trading of Binance USD
The decision comes after New York regulators told BUSD issuer Paxos to stop issuing new such stablecoins.
Twitter Employees to Receive Stock Awards Next Month, Musk Says
The brief message came after a weekend of sweeping layoffs that further slashed into Twitter’s already hollowed-out staff.
Tesla Activist Gerber Drops Bid for Board Seat
Investor Ross Gerber said that “shareholders have been heard,” ending the necessity of his bid.
Missing China Tech Dealmaker Said to be Cooperating with Authorities on an Investigation
Bao Fan, the founder and CEO of investment bank China Renaissance, is one of the most iconic figures in China’s tech sector.
Twitter Cuts Senior Leaders in Sweeping Weekend Layoffs
The extent of the cuts suggest that Musk has failed to reverse the steep decline in revenue that has occurred since his takeover.
ChatGPT Off Limits to Wall Street
Some of the biggest banks on Wall Street are reminding staff that third-party software like ChatGPT can’t be used at work.
Vice CEO Nancy Dubuc Exits
Dubuc made progress overhauling Vice but the company still faces major challenges.
Justice Department Accuses Google of Deleting Sensitive Chats
The move is the latest in the federal government’s efforts to turn up the heat on the search giant.
European Commission Bans Use of TikTok on Staff Devices
In the U.S., the federal government and many states have already banned the use of TikTok on government-owned devices.
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