Shopify Forecasts Revenue Slowdown in First Quarter
The e-commerce giant blamed higher inflation that’s weighing on consumer spending for the slowdown in predicted growth.
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Roku Posts Flat Q4 Year-Over-Year Revenue
The streaming device maker added 10 million active users last year after heavily investing in original content.
Roblox Bookings Reach New High
The online gaming company’s growth is surpassing the levels reached after the pandemic shutdowns sparked a surge in activity.
SEC Proposes Expanding Custody Rule to Include Crypto
Chair Gary Gensler took a shot at crypto companies that custody assets on behalf of customers, saying that crypto trading and lending platforms are not qualified custodians.
EU Prepares Formal Probe of Amazon-iRobot Deal
The bloc’s investigators have privacy concerns about how the Roomba operates, including the vacuum robot’s ability to take pictures inside users’ homes.
Musk Pushes Twitter CEO Appointment to Late 2023
Elon Musk said he won’t find his replacement at Twitter until the company stabilizes
Vice Media Borrows $30 Million in New Debt
Vice Media is actively seeking a buyer. Fortress, which just lent it another $30 million, is one of the first firms that will get paid if Vice gets sold.
Republican FTC Commissioner Resigns, Criticizing Agency Leadership
Wilson argued that Khan should have recused herself from the FTC's lawsuit against Meta.
Walmart To Close Three Tech Hubs
The retailer will also require tech staffers to return to the office at least two days per week.
Prosecutors Flag Bankman-Fried’s VPN Use, Lawyers Say He Was Watching Football
The former FTX CEO and federal prosecutors have asked the judge overseeing Bankman-Fried’s criminal case for more time to consider changes to his bail conditions.
Former Gemini COO Noah Perlman Joins Binance
U.S. regulators have been circling Binance—with New York regulators this week shutting down new issuance of its Paxos-issued stablecoin.
Tesla Autopilot Workers Launch Unionization Effort
The New York based workers announced their intent to unionize on Tuesday
ValueAct Reveals Stake in Spotify
The firm disclosed its investment weeks after Spotify announced layoffs and an organizational restructuring.
Bakkt to Shutter Consumer-Facing App, Focus on B2B Crypto Services
The app will officially shut down on March 16 and existing users will be able to access crypto and cash holdings on a new website.
Meta Chief Business Officer Marne Levine To Leave Company
Meta's Chief Business Officer Marne Levine will leave the company after 13 years.
Twilio to Lay Off 17% of Staff
CEO Jeff Lawson said the company has “gotten too big” and needs to be streamlined.
Regulators Tell Paxos to Stop Issuing Binance Stablecoin
Paxos announced Monday that it would end its relationship with Binance for BUSD after the New York State Department of Financial Services ordered Paxos to stop issuing the stablecoin.
Uber Shifts Computing Work to Oracle and Google Cloud
The shift to the public cloud is a strategic about face for Uber, which since its earliest days has avoided public cloud providers.
Chinese-Owned U.S. Shopping App Airs Super Bowl Ad
Temu, owned by Nasdaq-listed Chinese e-commerce giant PDD, is trying to replicate the global success of other Chinese-owned apps like TikTok and Shein.
PayPal Tables Stablecoin Project Amid Regulatory Crackdown
The pause comes a day after a report that crypto payments firm Paxos is under investigation by the New York State Department of Financial Services.
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