Jack Ma to Relinquish Control of Ant Group
The outspoken Chinese billionaire would give up some of his voting rights in the digital financial powerhouse whose $35 billion IPO was stopped by authorities.
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The Information AM
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
Roku Stock Plummets on Weak TV Ad Demand
The streaming company forecast just 3% revenue growth in the third quarter, blaming a slowdown in TV advertising.
Apple Shares Rise Despite Weak Revenue Growth, Profit Decline
Apple posted weak quarterly results compared to its unusually strong performance in 2021, when it saw a surge in consumer spending.
Intel Shares Drop 10% As Quarterly Sales Growth Plummets
Intel, which has already been grappling with the effects of the global chip shortage, is now trying to address internal missteps in product design and other areas.
Variant Raises $450 Million For Two New Crypto Venture Funds
The funds mark the latest in a string of crypto venture capital firms raising money despite a collapse in crypto asset prices.
Instagram Walks Back Feed Changes After User Uproar
Instagram scales back its test featuring more recommended posts after user backlash.
Meta Cuts Funding for News Publications
The company will stop paying news publications for content to populate its Facebook News tab.
Google Delays a Phase-Out of Chrome Ad Trackers to 2024 as Antitrust Trials Loom
Antitrust concerns could be a key reason Google is taking its sweet time to kill cookies on Chrome.
Meta Platforms Reports First-Ever Revenue Drop and Projects More of the Same in Q3
The ad downturn is hurting Facebook's parent company a lot more than Google.
FTC Sues to Block Meta Platforms’ VR App Acquisition
The move comes seven months after The Information reported the agency had opened an in-depth review of the $400 million deal.
Microsoft Recruits Alphabet, Oracle for Government Cloud Lobbying
Microsoft is rallying competitors to convince the federal government to adopt a multi-cloud approach to awarding government tech contracts.
Spotify Stock Jumps on Strong Subscriber Growth, Forecasts
The streaming music service's shares jumped on strong user and revenue growth, along with a bullish outlook for the future.
Two SoftBank Vision Fund Executives to Join Rajeev Misra’s New Fund
Rajeev Misra, who recently stepped back from his main roles at SoftBank, is starting a new fund by raising money from Abu Dhabi.
Microsoft Revenue Growth Slowed to 12% as Cloud and Ads Dragged Down Results
Microsoft reported slowing cloud and advertising revenue growth but also blamed exchange rates and China lockdowns for the weak results.
U.S. Treasury Investigating Kraken for Violating Sanctions
Kraken has been under investigation from the Treasury Department’s Office of Foreign Assets Control since 2019
Amazon Hikes Prime Fees in Europe as Inflation Rises
The announcement comes as the e-commerce giant grapples with slowing online sales and rising costs due to inflation.
Google’s 18-Month Run of Blistering Growth Comes to An End
Alphabet, Google’s parent company, reported its slowest quarterly revenue growth since the start of the pandemic.
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
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.
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