EU Claims Meta Breached Antitrust Rules with Facebook Marketplace
The European Commission announced its preliminary view Monday.
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Binance.US to Acquire Voyager Digital Assets
The deal comes amid market fears about Binance after the crypto exchange said it processed more than $6 billion in withdrawals last week.
Salesforce CEO Benioff Questions Remote Work Lowering the Productivity of New Hires
He said in an internal company message that new hires weren’t productive “without an office culture.”
Twitter Users Favor Musk Stepping Down as CEO
Nearly 58% of 17.5 million votes were cast in favor of Musk stepping down by the poll's close early Monday morning.
Sam Bankman-Fried Reportedly Planning to Reverse Extradition Decision
Bankman-Fried was arrested in the Bahamas last week after U.S. prosecutors charged him with counts of fraud and money laundering.
Twitter to Block Free Promotion of Rival Social Media Platforms
The new rule is somewhat ambiguous and its impact is up to the discretion of Twitter's management.
Twitter Lifts Lorenz Suspension
Lorenz's suspension followed that of several other reporters in the past few days, several of which have been lifted.
Elon Musk Seeks More Money from His Twitter Investors
Musk is offering the same price he agreed to pay in April. Since then, shares of tech stocks have fallen sharply and Musk has admitted he overpaid for the deal.
Accounting Firm Mazars to Pause Crypto Work For Binance, Others
Mazars published proof of reserves reports for global crypto exchanges like Binance, Crypto.com and KuCoin.
Twitter Suspends Accounts of Several Journalists
On Wednesday, the social network suspended accounts that used publicly available information to track the location of private jets, including Musk’s.
U.S. Adds Major Chinese Chip Firms to Trade Blacklist
The move is part of Washington's broader effort to address national security risks stemming from China's development of advanced semiconductor technologies.
AWS, Microsoft and Meta Teaming Up to Develop Free Map Data
In an apparent effort to challenge Google's dominance of the online maps market, a coalition of rivals is teaming up to develop freely available map data.
Binance Stablecoin Issuer Say Customers Redeemed $3 Billion in Seven Hours
Binance too saw a rush of customer withdrawals earlier this week.
FTX Seeking to Sell LedgerX, Other Entities in Bankruptcy Proceedings
Embed Technologies, FTX Japan and FTX Europe are the other businesses FTX is seeking to sell.
BigCommerce Laying Off 13% of Staff, Focusing on Larger Customers
The e-commerce software provider will cut around 120 full-time employees as it aims to become profitable by the end of 2023.
Senate Passes Bill to Block TikTok on Government-Owned Devices
The bill is the latest example of how TikTok, owned by China's ByteDance, is coming under intense scrutiny in Washington due to national security concerns.
Elon Musk Further Cuts His Tesla Stake by $3.5 Billion
Elon Musk sold more than $3.5 billion worth of Tesla shares this month, the second time he cut his stake since buying Twitter in late October.
Binance CEO Changpeng Zhao Tries to Reassure Customers After Big Withdrawals
Zhao also wrote a memo to staff, telling them that the industry is going through a “historic moment” and that they have the resources to survive a crypto winter.
Rubio Introduces Bipartisan Bill to Ban TikTok in U.S.
The move is the latest example of how TikTok is coming under intense scrutiny in Washington due to concerns about Beijing's influence on the video app.
China Plans $143 Billion Package to Support Domestic Chip Industry
The move comes after the U.S. government launched new export restrictions that limit China's access to key technologies for advanced chips.
Weekday mornings
The Information AM by The Information Staff
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