DOJ Preps Antitrust Suit to Block Adobe’s $20 Billion Figma Deal
Adobe's stock dropped 3.6% following the report
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Block’s Cash App Grows to 51 Million Users
The payment company’s consumer unit has also seen more users use other products beyond Cash App’s peer-to-peer payments offering.
DoorDash Challenges Instacart With Aldi Partnership
The partnership marks DoorDash's biggest push yet beyond restaurant deliveries and onto the turf of grocery delivery giant Instacart.
Ozy Media CEO Carlos Watson Arrested on Fraud Charges
Watson became notorious when it was revealed in 2021 that his company, Ozy Media, misled investors about its financial performance and audience size.
Sam Bankman-Fried Hit With New Fraud Charges
The new charges, disclosed in a superseding indictment filed in court Thursday, add to existing fraud and money laundering charges against the former FTX CEO.
Alibaba “Optimistic” About Recovery After 2% Growth in December Quarter
Alibaba is struggling to recover from a tough 2022 when China's Covid lockdowns and fierce competition from fast-growing rivals dealt a blow to its business.
Nvidia Shares Surge Despite Steep Revenue Decline
Despite strong results from Nvidia's data center chip unit, the company couldn't escape the slowdown in technology spending, but investors remain optimistic.
Supreme Court Hears Arguments for Twitter Liability Case
Twitter v. Taamneh was the second case argued before the Court this week about changing major internet regulation rules.
Tesla Opens Global Engineering HQ in California
Tesla CEO Elon Musk and California governor Gavin Newsom announced the new HQ on Wednesday
Amazon Closes $3.5 Billion One Medical Takeover
The Federal Trade Commission chose not to challenge the deal.
Department of Defense Leaves Cloud Server Unsecured for Two Weeks
The DoD says the server misconfiguration has been fixed, but the incident raises questions about its cybersecurity practices as it moves data to the cloud.
FTC Won’t Challenge Amazon’s OneMedical Deal
While the FTC will let the $3.5 billion acquisition close later this week, it is still forging ahead with a broader antitrust probe into Amazon.
Coinbase Revenue Falls 75% as Trading Slumps
Regulators have targeted staking services and stablecoins in recent weeks, posing a potential threat to parts of Coinbase’s business.
Walmart Issues Cautious Guidance For Year Ahead
While the retailer gained traction with wealthier shoppers last quarter, sales shifted more towards lower-margin essential items like groceries.
Supreme Court Hears Arguments For Section 230 Case
The plaintiffs in Gonzalez v. Google argue social media companies should be subject to liability related to their algorithmic recommendations.
Spotify Podcast Executive To Exit Company
Max Cutler, founder of the Spotify-acquired scripted podcast studio Parcast, will depart the streamer on May 1.
Polygon Labs Lays Off 20% of Staff
The company’s native token, matic, is among the ten largest cryptocurrencies by market capitalization.
Top Democratic Big Tech Critic to Resign from House
Rep. David Cicilline’s Republican replacement as antitrust subcommittee chair, Rep. Thomas Massie, is a libertarian who is seen as unlikely to support significant antitrust legislation.
Tencent in Talks with Meta to Sell Quest 2
The move comes after Tencent shuttered its own mixed-reality division.
Hong Kong to Allow Retail Investors to Trade Crypto
The city is vying with Singapore for cryptocurrency business and appears to have Beijing’s blessing.
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.
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