company
- Technology
Block drops 20%+ after Hindenburg Research discloses a short position and alleges the company overstated user counts and understated customer acquisition costs (Reuters)
Reuters: Block drops 20%+ after Hindenburg Research discloses a short position and alleges the company overstated user counts and understated…
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Crypto exchange Bitget acquires a controlling stake in crypto wallet company BitKeep with a $30M investment at a $300M valuation (Yogita Khatri/The Block)
Yogita Khatri / The Block: Crypto exchange Bitget acquires a controlling stake in crypto wallet company BitKeep with a $30M…
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Coinbase says it received an SEC notice warning the company of potential US securities law violations and recommending that the SEC take an enforcement action (CNBC)
CNBC: Coinbase says it received an SEC notice warning the company of potential US securities law violations and recommending that…
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Sources: Netflix's ad-supported tier reached about 1M MAUs in the US after its second month, and the company has hit its forecasted deliveries to advertisers (Lucas Shaw/Bloomberg)
Lucas Shaw / Bloomberg: Sources: Netflix’s ad-supported tier reached about 1M MAUs in the US after its second month, and…
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Sources: the FBI and DOJ are investigating what led TikTok's parent company ByteDance to use the app to surveil US journalists; source: ByteDance was subpoenaed (Emily Baker-White/Forbes)
Emily Baker-White / Forbes: Sources: the FBI and DOJ are investigating what led TikTok’s parent company ByteDance to use the…
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Twitch CEO Emmett Shear plans to step down after 16 years at the company, replaced by president Dan Clancy; Shear is one of the original founders of Justin.tv (Taylor Hatmaker/TechCrunch)
Taylor Hatmaker / TechCrunch: Twitch CEO Emmett Shear plans to step down after 16 years at the company, replaced by…
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A live stream of Microsoft's The Future of Work with AI event, where the company is expected to demo adding OpenAI's tech to its 365 and Office apps (Microsoft)
Microsoft: A live stream of Microsoft’s The Future of Work with AI event, where the company is expected to demo…
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Sources: the Biden administration is demanding that TikTok's Chinese owners sell their stakes in the company or face a possible US ban of the app (John D. McKinnon/Wall Street Journal)
John D. McKinnon / Wall Street Journal: Sources: the Biden administration is demanding that TikTok’s Chinese owners sell their stakes…
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Sources: Microsoft has been rationing GPU access for teams building AI tools since late 2022; the company plans to announce Office 365 GPT-4 tools on March 16 (Aaron Holmes/The Information)
Aaron Holmes / The Information: Sources: Microsoft has been rationing GPU access for teams building AI tools since late 2022;…
Read More » - New York
Ryan Reynolds’ wireless company to be sold in $1.35 billion T-Mobile deal
Major money is on the way for Ryan Reynolds. The actor’s Mint Mobile company is being acquired by T-Mobile as…
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