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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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Recent Editions

Briefing

Sam Bankman-Fried Denies Stealing Customer Funds in Newly Launched Substack

Jan 12, 2023 · 9:02am PST
Bankman-Fried mostly reiterated claims he’s made in the past, including that he believes FTX US is solvent and that he has not run Alameda Research in several years.
Briefing

General Atlantic-Owned Beauty Company Files For Bankruptcy

Jan 12, 2023 · 8:10am PST
Forma Brands, the parent company of influencer-hyped beauty brands including Morphe, has agreed to be sold to a group of lenders including Jeffries and Cerberus.
Briefing

Tesla Reportedly Nearing Preliminary Deal to Build Factory in Indonesia

Jan 12, 2023 · 1:48am PST
Indonesia, a major producer of nickel, a key material for electric car batteries, is trying to play a more prominent role in the industry.
Briefing

Disney Replaces Chair and Reveals Peltz Plans Proxy Contest

Jan 11, 2023 · 2:45pm PST
Incoming chair Mark Parker is so well respected among Disney directors that they reportedly considered him as a temporary replacement for former CEO Bob Chapek.
Briefing

Apple Working on Touchscreen Macs

Jan 11, 2023 · 2:12pm PST
In a reversal, Apple is working on bringing a touchscreen MacBook to market by 2025.
Briefing

Netflix Limits Which Employees Can View Colleagues’ Salaries

Jan 11, 2023 · 1:58pm PST
Director-level employees at the streaming giant can no longer see salary data for their coworkers.
Briefing

Twitter Makes TikTok-Like Feed the Default for Apple Mobile Devices

Jan 11, 2023 · 12:19pm PST
The new Twitter update to Apple’s iOS operating system defaults to an algorithmic timeline called “For You,” the same name as TikTok’s wildly popular recommended feed of videos.
Briefing

Logistics Startup Flexport Axes 20% of Workforce

Jan 11, 2023 · 8:50am PST
Logistics startup Flexport laid off 20% of its workforce Wednesday morning.
Briefing

Amazon Starts Laying Off Employees in India

Jan 11, 2023 · 8:43am PST
The move marks the opening salvo in mass layoffs that the e-commerce and cloud giant has said will begin next week.
Briefing

TikTok CEO Meets With EU Officials Amid Security Concerns

Jan 10, 2023 · 8:22pm PST
TikTok, owned by Chinese internet giant ByteDance, is coming under growing scrutiny from governments in the U.S. and other countries.
Briefing

Apple’s App Store Payouts Flatline

Jan 10, 2023 · 2:02pm PST
Apple’s annual disclosure of selected App Store metrics also showed an increase in the number of paid subscriptions to Apple services.
Briefing

Gemini’s Winklevoss Calls on DCG Board to Remove CEO Silbert

Jan 10, 2023 · 8:17am PST
Gemini works with Genesis on its lending product, Gemini Earn, whose 340,000 users have more than $900 million stuck on Genesis.
Briefing

Amazon Expands ‘Buy With Prime’ to More U.S. Merchants, Adds Product Reviews

Jan 10, 2023 · 7:49am PST
Amazon said Buy With Prime buttons have helped merchants boost conversion by an average of 25%.
Briefing

Coinbase Lays Off 950 Employees, or at Least 20% of Staff

Jan 10, 2023 · 4:48am PST
This is the second major round of layoffs in the past year. Coinbase cut 1,100 employees in June.
Briefing

Chinese Lidar Startup Hesai Plans to File for U.S. IPO Soon

Jan 9, 2023 · 11:26pm PST
Hesai's listing would test U.S. investors' appetite after China's regulatory crackdown on the tech sector and the collapse of the global IPO market last year.
Briefing

Microsoft Reportedly Considers $10 Billion Investment in OpenAI

Jan 9, 2023 · 11:22pm PST · 1 comment
It isn't clear whether that amount includes the cloud computing credits that OpenAI needs.
Briefing

Khosla Ventures Plots $3 Billion Funding

Jan 9, 2023 · 9:01am PST
The VC firm founded by billionaire Vinod Khosla has set an ambitious fundraising target.
Briefing

Crypto Startup Wyre Curbs Customer Withdrawals, CEO Steps Down

Jan 9, 2023 · 8:13am PST
Wyre is limiting customer withdrawals to no more than 90% as it explores “strategic options to navigate the market environment.”
Briefing

Morgan Stanley COO Pruzan Leaving Bank

Jan 9, 2023 · 7:34am PST
Pruzan to retire after a recent conversation with CEO Gorman where he learned he wouldn't become the next CEO, a person familiar with the matter said.
Briefing

Senior Chinese Official Indicates Two-Year Tech Crackdown May Be Ending

Jan 9, 2023 · 6:43am PST
The official, chairman of China’s top financial regulator, said that the government had finished its campaign to “rectify the financial businesses of 14 platform companies.”