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.
Weekday mornings
The Information AM
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
Recent Editions
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.
Chinese City Guangzhou to Invest $29 Billion into Tech Funds
The city will allocate the money into funds-of-funds to invest in semiconductors, renewable energy and other high tech fields.
Fourth Quarter Venture Fundraising Fell to Near-Decade Low
Venture capital firms raised $20 billion in the fourth quarter, a 65% drop from the same period in 2021.
TikTok Announces New Creator Fund in U.S.
TikTok announced a new version of its creator fund in the U.S.
Meta Launches Subscription Service Called Meta Verified
Meta's move is similar in some ways to Twitter's Blue service but it offers fewer benefits.
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