Lyft Planning New Round of Layoffs
The ride-hailing firm may shed 30% or more of its employees.
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Recent Editions
Twitter to Require Advertisers to Pay for Verification
Twitter says advertisers need to be verified in order to advertise on the platform. This does not apply to businesses already paying more than $1,000 per month.
Alphabet Revises 2022 Financials, Cutting Google Cloud’s Reported Losses 35%
Reporting lower losses could improve perceptions of Google Cloud's performance on Wall Street and within the company.
Biden Aims to Sign Order to Limit Tech Investments in China in Coming Weeks
American investments in China, especially in areas like chips and artificial intelligence, are coming under increased scrutiny from Washington.
Mark Zuckerberg Tells Employees He Could Not Rule Out Future Layoffs
The CEO said the company would slow hiring to a rate of 1% to 2% year over.
Blackstone Profit Drops, but Assets Approach $1 Trillion Goal
Private equity firm nears big asset goal, though profit is hurt by real estate slowdown
Alphabet Merges Its Two AI Groups, DeepMind and Google Brain
The move signals Google's urgency to catch up to OpenAI and Microsoft
Twitter Purges Legacy Blue Checkmarks
Only users who pay $8 a month for Twitter Blue will keep their checkmarks.
Cloud Startup CoreWeave Raises $221 Million
Nvidia, the maker of these specialized chips, participated the round.
Insider to Lay Off 10% of Staff
Insider is laying off 10% of its staff, company president Barbara Peng said in an email to employees Thursday morning.
BuzzFeed Closes BuzzFeed News As Part of Broader Cost-Cutting
BuzzFeed is grappling with a weak digital ad market and diminishing cash reserves.
SpaceX’s 400-Foot Starship Rocket Exploded During Its Inaugural Launch
Despite exploding, SpaceX still considers the launch a success.
Police Arrested a Leader at Elon Musk’s OpenAI Rival For Domestic Violence
News of the arrest could complicate recruiting efforts for the new company.
Snap CEO Says He Would ‘Love’ a TikTok Ban
Spiegel said he thinks there are “legitimate national concerns” about the app.
Tesla’s Margins Fall Amid Price Drops
The electric vehicle company reported 19.3% gross margins for the first quarter.
Stability AI Unveils Language Model to Compete With OpenAI
Stability AI is best known for open source software that can create original images from simple text descriptions, and now it's getting into conversational AI.
Microsoft Drops Twitter from Social Media Management Tool
Microsoft's advertising business is dropping access to Twitter from its social-media management tool, which lets marketers create, draft and schedule posts.
SeatGeek Files Confidentially to Go Public
Event ticketing company SeatGeek filed confidentially with regulators this month for an initial public offering, The Information exclusively reported.
Morgan Stanley Profit Drops 20% on Dealmaking Slowdown
Under CEO James Gorman, Morgan Stanley has invested heavily in wealth management, which is a more stable income stream than trading or investment banking.
Meta Begins Next Round of Layoffs
The cuts are part of the company's second round of layoffs since November.
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