Bright Spot for Asia Tech: Indonesia’s GoTo Soars 23% on Stock Market Debut
Shares of the ride- hailing and e-commerce company rose as much as 23% after it raised $1.1 billion on Indonesia’s stock market.
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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
Chinese EV Car Company Nio Halts Production as China Covid Lockdown Takes Toll
The carmaker said it would delay deliveries as many suppliers were forced to stop manufacturing from China’s strict Covid lockdowns.
Harvard Endowment Mulls Reducing China Exposure Amid Wider Doubts
The university is among institutional investors reconsidering putting money into China-focussed private equity funds.
Musk Tweets Suggestions for Twitter, Including Refinements to Twitter Blue
Musk's tweets suggest he is likely to be public about his ideas for improving Twitter, which is sure to complicate life for CEO Parag Agrawal.
Meta Executives’ Compensation Boosts Outlined in Filing
Executives including chief operating officer Sheryl Sandberg got a pay bump as the company’s advertising business struggled.
DoorDash to Discuss Compensation at All-Hands This Week
The delivery firm reportedly told employees earlier this year that recent hires would receive additional equity to make up for the declining value of their shares.
Alphabet Median Worker Pay Rises 8%
Competition for talent among big tech companies drove up median pay at Alphabet last year
Coinbase Hires BlackRock Executive to Lead Pensions Business
The hiring demonstrates how Coinbase is looking to tap into a growing appetite for crypto among pension funds.
Amazon to Appeal New York Union Victory
In a court filing, the e-commerce giant accused union organizers of intimidating employees to force them to vote in favor of the union.
Shopify Announces Base Pay Increase at Town Hall
The news comes after The Information reported that the e-commerce software firm paid employees lower base salaries than other tech companies.
Tencent to Shut One of Its Live Video-Game Streaming Services
The move comes amid a broad regulatory crackdown on Chinese internet giants.
Discovery CEO Names New Executive Team for Combined Company
Discovery's acquisition of Warner is expected to close next week.
Bolt Is Buying Crypto Startup Wyre For $1.5 Billion
The deal is the second acquisition the one click checkout startup has made in the last five months.
New Google Search Tool Marries Images and Text
The search giant is trying to expand the scope of searches it can accommodate to keep its tool relevant to users and improve its shopping experience
Samsung Quarterly Profit Tops Estimates
Preliminary first quarter earnings increased 50% to about $11.6 billion on strong demand for its smartphone and server memory chips.
JD.com Founder Steps Away From Role as CEO
Richard Liu will retain his title of chairman while company president Xu Lei takes over as CEO and get a seat on the board.
Warren Buffett’s Berkshire Hathaway Takes 11% Stake in HP
Share in the computer company soared 10% after news of the stake came out.
Google Removed Apps That Secretly Collected Data
Google removed some consumer apps that contained code written by a company with links to a defense contractor that works with national security agencies
Better.com Offers Voluntary Separations to Cut Staff Further
The online mortgage lender is sending paid severance agreements to some employees while reportedly losing around $50 million per month.
Meta Is Working on a Virtual Currency for Metaverse Payments
The project has taken on the internal nickname “Zuck Bucks” and is unlikely to be structured as a cryptocurrency.
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