Meta Executive Leading ‘IG Kids’ Team To Leave Company
The announcement follows a period of intense scrutiny on Instagram over its impact on young people.
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Biden Signs Executive Order on Crypto, Requesting Recommendations
The order did not include any drastic regulations, which the crypto sector feared, pushing bitcoin up 8%.
Grubhub’s Instant-Delivery Partnership on Ice as Russia-Backed Buyk Struggles
New York-based Buyk is facing funding and stuffing struggles as current sanctions put a strain on its financial ties to Russia. Now, Grubhub has put the breaks on its partnership with ultrafast delivery startup.
Amazon’s MGM Deal to Get Green Light in Europe
The European Commission is set to give its blessing, but the $8.5 billion deal still faces a major hurdle in the United States.
Lawmakers Accuse Amazon of Lying to Congress, Ask DOJ to Investigate
The referral comes as Amazon faces antitrust scrutiny around the world.
U.S. Could “Shut Down” Chinese Tech Companies that Try to Skirt Russia Sanctions
The U.S. Commerce Secretary warned that Chinese companies that try to defy U.S. sanctions to sell technology to China would face severe consequences.
Indian Food Delivery App Swiggy Hires Banks for $1 Billion IPO
SoftBank-backed Swiggy, valued at $10.7 billion as of January, is gearing up for an IPO in a challenging stock market environment.
Investment Service AngelList Valued at $4.1 Billion by Tiger Global
The funding is a rare venture capital raise for AngelList, whose business helping venture capitals raise new funds took off during the pandemic.
AWS Stops Taking New Customers in Russia and Belarus
Amazon Web Services already doesn't do business with the Russian government, and now it is stopping signups of new customers in the country.
Stitch Fix Slashes Sales Forecasts as User Growth Slumps
The online subscription-based retailer is not seeing as many new users after it slowed down its marketing spend in the fall.
Alphabet Highlights Financial Risks of Russia-Ukraine War
The Google parent said the conflict would cause a negative foreign exchange impact and hit revenue because it stopped selling ads in Russia
Netflix CFO Says ‘Never Say Never’ on Ads
The company seems to be taking a less vehement stance on whether it will ever launch a cheaper ad-supported tier.
Better.com Laying Off More Than 3,000 People
Three months after cutting 9% of its staff, Better.com is letting go of more than a third of its 9,000-person workforce.
Amazon Launches Live Radio App Amp
Amazon announced its answer to the rise of social audio features: Amp, a live radio app that turns users into DJs.
Google to Buy Mandiant for $5.4 Billion
The acquisition is designed to beef up Google Cloud's security offerings so it can better compete with Microsoft Azure and AWS.
Autonomous Driving Startup Pony.ai’s Valuation Rises to $8.5 Billion
Pony.ai's announcement of its new valuation is part of its attempt to reassure investors after it shelved its plans to go public in the U.S. last year.
ThredUp Reports Strong Growth But Forecasts Slowdown
The online used goods firm said its new distribution centers in Texas and Tennessee will contribute to widened losses in 2022, and it also expects sales growth to lag.
Index Ventures Says it Won’t Invest in Russia
The European venture capital firm said it will no longer make investments in Russia or co-invest alongside people or companies linked to the Russian regime.
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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