FalconX Valued at $8 Billion After Raising Series D Round
FalconX is one of a handful of crypto companies that have been able to raise money amid a crypto market downturn.
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SoftBank Head of International Leaves Post After Five Months
SoftBank Group International CEO Michel Combes is stepping down and will be replaced by SBGI Managing Partner Alex Clavel.
BlockFi Receives $250 Million Bailout From FTX
BlockFi has been under financial pressures in recent weeks, laying off 20% of its employees earlier this month.
Amazon Names New Worldwide Retail Chief
Doug Herrington will replace Amazon’s outgoing logistics czar Dave Clark as head of the e-commerce giant’s sprawling retail business.
DocuSign CEO Steps Down as Company’s Covid Bump Wears Off
The company has slowed hiring and its share price has fallen 75% over the past year.
Big China Sales Day Has Low Growth on Covid Lockdowns
E-commerce giant JD.com’s mid-year e-commerce sales event had the lowest growth in at least five years.
TikTok Moves All U.S. User Data to Oracle Servers
The move comes as questions linger over data security for the Chinese-owned app.
Crypto Asset Manager Babel Finance Pauses Withdrawals
Babel’s announcement comes amid falling crypto prices and financial pressures on several crypto companies.
SoftBank-Backed Fintech Startup Klarna Discusses Much Lower Valuation
A down round for Klarna would be the latest example of how the global stock market rout and economic headwinds are dealing a blow to highly valued startups.
DataRobot CEO Apologizes for Optics of Executives’ Stock Sales
Dan Wright, CEO of AI startup DataRobot, told employees in an all-hands meeting that he didn't realize how executives' share sales last fall would be perceived.
Elon Musk Softens Anti-Remote Work Stance in Twitter All-Hands
Employees who make “exceptional” contributions would be allowed to work from home at a Musk-owned Twitter.
YouTube Shorts Amass 1.5 Billion Monthly Users in Challenge to TikTok
The growth of YouTube Shorts intensifies the short-video battle among tech giants and could pose a challenge to TikTok.
Meta Plans Changes to Feed in Push to Compete with TikTok
The company is also going to re-join the Facebook and Messenger apps.
Three Arrows Capital Founder Tweets Vague Message Amid Liquidation Rumors
Founded in 2012, the hedge fund is reported to have $10 billion under management, according to Bloomberg.
Qualcomm Wins Case Against $1 Billion European Antitrust Fine
It’s the latest setback for Europe’s antitrust regulator, which continues to have massive fines against large U.S. companies fall apart on appeal in the courts.
Short-Video Platform Triller Scraps SeaChange Merger Plans, Plans Listing
The two companies said it wouldn't be possible to complete the merger before the June 30 deadline
Apple Signs Deal to Stream Major League Soccer matches
The move is the latest by the tech giant as it pushes further into live sports.
Coinbase to Lay Off 18% of Employees
Coinbase joins several crypto companies that have announced layoffs in recent weeks including crypto lending startup BlockFi and crypto exchanges Gemini and Crypto.com.
U.S. Lawmakers Eye Law to Limit U.S. Investment in China Tech
The bipartisan bill would grant new powers to the government to screen U.S. companies’ investments into Chinese tech as part of efforts to boost America's competitiveness.
Southeast Asia E-commerce and Gaming Giant Sea Ltd to Cut Jobs
The Singapore-based company will layoff staff in its shopping and food businesses as the tech slowdown spreads across Asia.
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.
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