SeatGeek Raises $238 Million After Canceled SPAC Deal
The ticketing platform’s new funding gives it a lower valuation than what it sought in failed SPAC deal
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
Snap Lays Off 20% of Staff, Cuts Projects
Snap announced a restructuring that includes cutting a fifth of its workforce and discontinuing several projects, including Snap Originals shows, games and its new flying camera drone.
U.S. Regulators to Inspect Alibaba’s Audits After Washington’s Deal With Beijing
The move comes after Washington and Beijing last week reached an agreement to allow U.S. accounting regulators to inspect China-based audits.
Apple’s Chief Privacy Officer to Leave For Law Firm
The departure comes amid Apple’s efforts to promote privacy as a defining feature of its products.
Baidu’s Revenue Drops as China’s Economic Slowdown Hurts Tech Giants
Baidu's revenue decline, which comes after similar results from Alibaba and Tencent, reflects the tough business climate for China's tech sector.
Snap Planning 20% Layoff
The social media firm plans to begin laying off around 20% of its employees on Wednesday as its shares have plummeted more than 75% this year.
CrowdStrike Revenue Rises 58% as Security Giants Largely Escape Broader Slowdown
CrowdStrike and its rival Palo Alto Networks continue to be big cash machines.
DataRobot Shakeup Continues as Four Board Members Depart
The board members are departing a month after CEO Dan Wright stepped down amid controversy over stock sales last year.
Shopping App Nate Making Fresh Round of Job Cuts
The startup is also slashing its marketing spend and reducing contracts with outside engineering talent.
Amazon Backer Madrona Adds Managing Director, Plans Palo Alto Office
Madrona Venture Group has hired Karan Mehandru from New York-based hedge fund Steadfast Capital Management.
Gopuff Seeks $300 Million Credit Line
Delivery startup is seeking fresh cash as initial public offering plans remain on ice.
Elon Musk Cites Fraud in Second Termination Notice to Twitter
Twitter whistleblower allegations are a breach of contract according to Musk’s lawyers.
China Losing its Appeal to Western Companies Despite Profits
More than half of the U.S. firms responding to a survey cited China’s strict Covid policy as a reason to halt or delay investments.
Rubio Criticizes U.S. Approval of Chip Deal by Firm With Ties to China
The U.S. government recently approved the acquisition of a U.S.-based chip intellectual property developer by a firm that has ties to China.
YouTube’s Chief Business Officer Kyncl Steps Down
Mary Ellen Coe, a longtime Google ads executive, will take his place.
Microsoft Eases Licensing Rules in Europe, Keeps Other Restrictions
Microsoft, in an apparent bid to avoid legal challenges in Europe, is loosening its software licensing rules for some partners and customers but not for others.
Garry Tan Named Y Combinator President and CEO
Tan replaces Geoff Ralston, who's led the Silicon Valley accelerator since 2019.
Chinese Discount Shopping App Pinduoduo’s Revenue Beats Estimates
Strong demand for Pinduoduo suggests that China's consumers are becoming even more price conscious amid a looming economic crisis.
China Shuts World’s Largest Wholesale Electronics Market to Stem Covid
Authorities have closed Huaqiangbei, a sprawling market selling everything from microchips to components for headphones, until Sept. 2, heralding more trouble for global supply chains.
Chinese Chip Maker SMIC to Spend $7.5 Billion on New Factory
The move comes as the U.S. and China are both ramping up their efforts to beef up their domestic semiconductor industries.
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