EV Startup Electric Last Mile Solutions to Liquidate
The Michigan-based startup went public via SPAC in June 2021
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Recent Editions
BlockFi Laying Off 20% of Staff
BlockFi is far from the only company that has been forced to slash staff amid a dramatic crypto market rout.
Amazon, Google Offer Concessions to Resolve European Antitrust Probes
If Amazon and Google can strike deals with the regulator, they would avoid paying fines that could total as much as 10% of annual global revenue.
Google Agrees to Pay $118 Million in Settlement of Gender Discrimination Lawsuit
The company didn't admit to any wrongdoing as part of the settlement in the class action lawsuit started by three women in 2017.
Google Suspends Engineer Who Says Chatbot Is Sentient
The engineer who claims to have found a sentient AI chatbot in Google’s servers said he was suspended for sharing confidential company information with third parties.
Bitcoin Falls After Cryptocurrency Lending Firm Celsius Network Pauses Withdrawals
The firm cited “extreme market conditions” in halting withdrawals and transfers between accounts.
Amazon Bows Out of Race for Marquee Indian Cricket Rights
Amazon is said to back off a bidding war for costly sports streaming rights.
U.K. Regulator Accuses Apple and Google of Running Duopoly in Mobile
The move shows that the U.K.'s antitrust regulator intends to use its power to investigate U.S. tech giants and take further action.
Beijing Gives Tentative Green Light for Ant IPO, Reuters Says
China's securities regulator, however, said it has not concluded its review of Ant, whose IPO in late 2020 was cancelled by Beijing.
Stitch Fix Is Cutting 15% of Salaried Staff
Most of the cuts will involve corporate roles and people who manage the company’s stylists.
Disney Fires TV Chief Peter Rice
Some insiders had complained Rice's group wasn't producing programming for Disney's streaming services fast enough.
Twitter to Give Musk Data to Analyze Bots
The decision would give Musk access to the "firehose" of daily tweets.
Scooter Company Bird to Slash 23% of Staff
The micromobility company is cutting nearly a quarter of its 600 employees.
Amazon’s Dave Clark to Lead Flexport as CEO
Less than a week after announcing his departure from Amazon’s number two job, logistics czar Dave Clark has a new gig.
TikTok Executive Who Spoke Against Maternity Leave to Take Time Off
Joshua Ma, TikTok’s head of e-commerce in Europe, had told staff during that as a "capitalist” he was against maternity leave.
Microsoft HoloLens Leader Alex Kipman Resigns in Wake of Misconduct Allegations
A reorganization will see Microsoft’s mixed reality hardware and collaboration teams shifted inside the company.
Culture Clash Among TikTok U.K. Employees
Employees at TikTok’s e-commerce initiative in the U.K. complained about the corporate culture amid a wave of resignations.
China’s Approval of 60 New Videogames Boosts Tencent Shares
Investors are hoping that Beijing's pressure on the domestic videogame industry will ease after a regulatory crackdown took a toll on Tencent and its rivals.
Amazon Shutters Gig Delivery Service in Germany
With Amazon’s logistics and fulfillment costs under a microscope, it may have figured it has enough delivery capacity in Germany
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