Galaxy Wins Bid to Buy Bankrupt Crypto Lender Celsius’ GK8 Unit
The acquisition will add 40 new employees to Galaxy, and GK8 co-founders will stay on to lead the custodial technologies business at Galaxy.
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Recent Editions
Lawyer for Laid Off Twitter Employees Accuses Musk of Ignoring Severance Obligations
The lawyer threatened to start an arbitration campaign if Musk doesn't commit to paying severance by next Wednesday.
TPG Backs $465 Million Fund for Logistics Startups Behind China’s Export E-Commerce
Even as China's domestic deals are slowing down, some investors are betting on opportunities related to Chinese startups' overseas expansion.
Opendoor Replaces Eric Wu as CEO
Wu is at least the fifth founder-CEO of a formerly buzzy tech firm to step back this year after their companies struggled on the public markets.
Coinbase Says Apple Restricted NFT Features in Coinbase Wallet
Coinbase said Apple wants to subject gas fees to in-app purchases, of which Apple takes a 30% cut.
Andreessen Horowitz Shutters Its Online Publication Future
The venture firm launched Future in June 2021 in an attempt to directly shape the narrative around tech.
Online Wine Retailer Winc Files Bankruptcy, Meta is Top Creditor
Winc is the latest online DTC company to struggle after going public.
Elon Musk claims Neuralink Human Trial Is Six Months Away
The company is working on technology to enable humans to communicate with computers using their minds.
TSMC to Make More Advanced Chips in U.S. Plant
Taiwan Semiconductor Manufacturing Co. is upgrading the chips it plans to make in its Arizona plant after requests for better chips from U.S. clients including Apple.
Sam Bankman-Fried Denies Knowingly Dipping Into Customer Assets
The former FTX CEO said he thinks FTX US is fully solvent.
Musk Retracts Claims that Apple Considered Removing Twitter from App Store
Musk struck a conciliatory tone, days after complaining about Apple’s in-app purchase fees and accusing Apple of slowing its ad spending on Twitter.
TikTok’s CEO Pushes Back at Concerns About Data Security
The CEO also insisted he was responsible for all strategic decisions at TikTok.
Salesforce Co-CEO Bret Taylor to Step Down in January
Bret Taylor, who joined Salesforce in its 2016 acquisition of Quip, the workplace collaboration startup he co-founded, is leaving.
Zuckerberg Says Social Media Remains His Focus
The Meta Platforms CEO disputed the perception that he is focused entirely on the metaverse.
Former Engineer Accuses SpaceX of Age Discrimination
This comes just two weeks after eight fired workers filed a complaint with the National Labor Relations Board
Amazon CEO Andy Jassy Defends Overbuilding During Pandemic
“We knew when we were making it that we might be overbuilding, but we knew we would grow into it," Jassy said. “I would’ve done it again."
Kraken Lays Off 30% of Staff
The job cuts mean Kraken will have a similar headcount to a year ago.
CrowdStrike Stock Falls 20% After Reporting a Drop in Recurring Revenue
The results suggest that cybersecurity software isn’t as insulated from a possible recession as investors once predicted.
Apple Manufacturer Wistron in Talks to Sell India Facility to Tata
Tata, one of India's biggest conglomerates, may buy the facility at a time when Apple is expanding its local manufacturing capabilities in India.
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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