Russian Internet Giant Yandex Reports 45% Revenue Growth
Russia’s biggest search engine reported strong search and e-commerce growth despite difficulties caused by the war in Ukraine
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
Instagram’s Mosseri Responds to Backlash Over TikTok-Like Feed Changes
After Kylie Jenner and Kim Kardashian posted about disliking a test to Instagram's feed, Instagram head Adam Mosseri posted a video explaining the changes.
SEC Investigating Coinbase for Token Listings
A securities designation would lead to increased oversight by the SEC and potentially have widespread changes in how crypto exchanges operate.
Meta Bumps Up Retail Prices For VR Headsets
"The costs to make and ship our products have been on the rise," Meta said of the decision.
Shopify Cuts 10% of Staff, CEO Says Bet on E-Commerce Boom Was ‘Wrong’
The e-commerce software provider is one of many firms that overestimated the staying power of the pandemic-led shift to online shopping.
Shein’s $100 Billion Valuation Comes Under Pressure in Secondary Market
The Chinese fast fashion app has been grappling with the impact from the global economic slowdown, China's Covid lockdowns and the stock market rout.
Alibaba to Apply for Primary Listing in Hong Kong
The move would make it easier for investors in mainland China to buy the Chinese e-commerce giant's shares for the first time.
Facebook Will Share Music Revenue With Creators
Facebook parent company Meta Platforms is giving 20% of revenue to creators who use certain licensed music in their videos.
Google Fires Engineer Who Believed Its AI Was Sentient
The engineer said he made the determination based on his Christian beliefs.
Elon Musk’s Alleged Affair With Sergey Brin’s Wife Reportedly Damaged the Men’s Friendship
The report comes at a time when the Tesla CEO is dealing with other challenges such as his court battle with Twitter.
Twitter Revenue Falls But Stock Stays Flat Thanks to Musk Deal
As advertising demand slows, the social media company’s revenue dropped for the first quarter since the beginning of the pandemic.
Instacart Founder to Step Down After Company Goes Public
Apoorva Mehta, a co-founder of Instacart, currently serves as executive chairman and member of the board after stepping down as CEO last summer.
Shakeup at Amazon as Policy Chief Jay Carney Departs for Airbnb
Though Carney does not officially depart till August, the news of his resignation has already led to changes within the company’s corporate structure.
Samsung Mulls $200 Billion Spending on Texas Chip Plants
Samsung's potential plans come as the U.S. Senate is discussing a bipartisan bill to provide funding to beef up domestic semiconductor production.
Blockchain.com Lays Off 25% of Staff
The layoffs follow cuts at exchanges including Coinbase, Gemini and NFT Marketplace OpenSea
Ex-Coinbase Exec Charged with Insider Trading
The defendants earned roughly $1.5 million after purchasing at least 25 crypto assets before they were listed on the exchange.
Snap Reports Sharp Revenue Slowdown, Shares Plunge
The social platform and augmented reality company grew revenue by just 13% year over year, its slowest quarterly rate since going public.
Musk’s Right Hand Man at Tesla is Under Investigation
Omead Afshar, a senior director in the office of the CEO, is expected to leave the company
Andreessen Horowitz Announces Miami, New York, LA Offices
The venture capital firm says it's "moving into the cloud" and will no longer require dealmakers to come into the office under new operating model.
Amazon Doubles Down on Health Care With $3.9B One Medical Deal
Amazon will acquire the concierge medicine practice One Medical in an all-cash deal valued at $3.9 billion.
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