BNPL Firm Zip Scraps Acquisition of Rival Sezzle
The terminated deal is the latest example that the once hot buy now, pay later sector is struggling amid rising interest rates and slower consumer demand.
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ByteDance Prepares to Launch New Social Media App in China
ByteDance's new Chinese app could compete with Xiaohongshu, a popular Instagram-like photo-sharing and e-commerce platform.
Virtual Events Startup Hopin Cuts 29% of Staff
This is its second round of layoffs in 2022, following a 12% cut in February.
Meta Exec To Managers: ‘Exit’ People Who Can’t Get on Track
The Workplace post comes as the company takes a more aggressive approach to employee performance and hiring.
China’s Regulator Slaps Alibaba, Tencent With Fines Related to Past Deals
While the fines are tiny, the antitrust watchdog's continued scrutiny of tech giants shows how Beijing's regulatory pressure on the sector hasn't disappeared.
Chinese VC Firm Qiming Announces Closing of $2.5 Billion Fundraising
The wide gap between the haves and the have-nots among Western-backed Chinese VC firms is getting even wider.
Twitter Preps to Sue Musk to Complete $44 Billion Takeover
Twitter hired litigators after Elon Musk said he was dropping his bid to buy the company for breaching the $44 billion merger agreement.
Google Offers to Move, But Not Sell, Ad-Tech Business
The proposed concessions came as government pressure mounts against the massive internet company.
Twitter Lays Off 30% of Recruiting Team
The cuts come two months after the social media company froze hiring.
Musical.ly Co-Founder Leaves TikTok’s owner ByteDance
Louis Yang co-founded video app Musical.ly, which merged with TikTok after being acquired by ByteDance in 2017.
Musk Can’t Confirm Twitter’s Claim About Bots
The Tesla CEO seems intent on renegotiating his $44 billion acquisition
Former Theranos COO Balwani Found Guilty on All Counts in Fraud Case
Balwani's conviction is more severe than that of Theranos founder Elizabeth Holmes.
Peloton Offering Repriced Options, Cash Bonuses and Accelerated Vesting to Employees
Peloton is making a series of moves to boost employees’ compensation as its stock price tumbles.
Key SoftBank Executive Steps Back to Start His Own Fund
Rajeev Misra—one of the key architects of SoftBank’s aggressive bets on global tech companies—will take a step back from running the firm’s Vision Fund 2.
Heads of FBI, MI5 Issue Joint Warnings Over Chinese Espionage
The intelligence agencies called on business and academic leaders to be more vigilant about China's spying, including trade-secret theft and tech transfer.
Salesforce Sees Spate of Tableau Exec Departures
Tableau's COO, CTO, CMO and another longtime corporate development executive have headed for the exits in recent weeks.
U.K. Announces Antitrust Probe into Microsoft’s Activision Purchase
The CMA surprised the tech industry recently by ordering Meta to unwind its 2020 purchase of the GIF-maker Giphy.
Amazon Could Gobble Up Stake in Grubhub with Partnership
Amazon struck a deal granting Prime members in the U.S. access to a free, one-year membership to Grubhub Plus.
Voyager Digital Files for Chapter 11 Bankruptcy
Voyager said it has $1.3 billion worth of digital assets on its platform and more than $350 million in cash in an account for customers.
Forever 21 Parent Company Settles Lawsuit with Bolt
ABG, a holding company that owns Forever 21 and Lucky Brand, previously accused Bolt of exaggerating its technology capabilities. The company will now be a Bolt shareholder.
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