Coinbase Says SEC Has No Power to Regulate Crypto
Lawyers for the crypto exchange argued that none of its assets nor its staking services are securities, as the SEC has alleged.
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BlockFi Creditors Push for Liquidation of Company
The committee’s lawyers argued that efforts to sell BlockFi have failed and that there is “no balance sheet complexity” as in other crypto bankruptcies.
Overstock.com to Take on Bed Bath & Beyond Website Name
The retailer’s chief executive said the company is weighing changing its name entirely.
Microsoft Wants to Offer Games That Work on Every Device
Nadella acknowledged that Phil Spencer, CEO of Microsoft Gaming, would make calls on content exclusivity if the deal goes through.
Visa Buys Brazilian Fintech Pismo for $1 Billion
The company, backed by Amazon and Accel, runs an issuing platform for some of the biggest banks in Latin America.
Banks Pass Stress Tests, Paving Way for Buybacks and Dividends
Biggest banks get a clean bill of health, with Fed saying they could withstand turbulence in real estate and housing markets.
Activision Blizzard CEO Bobby Kotick Says He’s No Fan of Subscription Services
Microsoft intends to incorporate Activision’s games in its GamePass service, a point that the judge hearing the case made to Kotick today.
Doordash Introduces Hourly Wages for Dashers
The meal-delivery service will calculate pay only the time they accept an order to the time they’ve completed the delivery.
TikTok Plans Revamp of U.S. Store to Feature Its Own Products
TikTok Shop has been off to a slow start with U.S. sellers, The Information previously reported.
Warner Bros. Discovery to Stream Live News from CNN (Outside of the U.S.)
Warner Bros. Discovery is also considering putting live news from CNN on Max in the U.S., but that's complicated by existing deals with cable TV distributors.
U.S. Mulls New Restrictions on AI Chip Exports to China
Such a move would reflect Washington’s growing concerns about American technology benefiting China in the two nations’ race for supremacy.
TikTok Policy Communications Spokesperson Departs
The exit followed a reorganization in TikTok's senior management.
TikTok Is Funding Its Users’ Suit Against Montana Ban
TikTok is reprising a playbook from 2020.
Google Misled Advertisers About Video Ads, Study Says
Research published by Adalytics said Google for years violated its own standards when placing video ads on other websites.
Google Kills Augmented Reality Glasses Project
Google is shifting its focus to developing software that runs on devices made by other companies like Samsung.
Microsoft Could “Spend Sony Out of Business,” Executive Said
The email could undercut Microsoft’s arguments that it is not buying Activision to hurt Sony or other competitors in gaming.
Amazon Fulfillment Chief Leaves for Delivery Startup
The hire makes ShipBob, which fulfills orders for small and medium-sized businesses, the latest e-commerce upstart to tap former Amazon executives.
TikTok Kills Its BeReal Clone
TikTok’s feature allowed users to simultaneously take photos and videos from their front and back phone cameras.
Snowflake Gets Closer to Nvidia, Microsoft in Generative AI Push
Snowflake has risen to prominence with a cloud database that companies use to get business insights, and now it's setting its sights on generative AI.
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 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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