Meta Closes $1 Billion Kustomer Deal
Lengthy antitrust reviews delayed the deal nearly 15 months.
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Recent Editions
Coinbase Launches Program for Mexico Crypto Holders to Cash Out Holdings
The new service effectively means it now enables global remittances, or the transfer of money for payments that’s dominated by Western Union and MoneyGram.
‘Metamates’: Facebook Parent Company Announces New Values
The company announced changes to its values at al all-hands meeting Tuesday.
Meta To Pay $90 Million To Settle Data Privacy Lawsuit
Under the settlement, the company agreed to delete all the data in question.
U.K. Tax Authority Seizes NFTs in Fraud Case
The Revenue and Customs agency said three people were arrested over the $1.9 million suspected fraud investigation, which involved 250 alleged fake companies.
India Bans Singaporean Internet Giant Sea’s Mobile Game
The move shows how India's ban on apps of Chinese origin can affect internet companies that aren't based in China.
Elon Musk Donated $5.7 Billion Tesla Shares to Charity
Musk, who got into public spats with Bernie Sanders and Elizabeth Warren after they called on the ultra rich to pay more taxes, made the donation in November.
Didi Global Will Cut Up To 20% of Staff Ahead of Hong Kong IPO
The headcount cut comes as the ride hailing giant prepares to delist from the U.S. and move shares to Hong Kong.
Lawyer Who Helped Lead State Antitrust Cases Against Google, Facebook, Takes DOJ Job
The Justice Department’s antitrust division still has a number of senior roles to fill.
Texas Hits Meta With Lawsuit Over Past Facial Recognition Practices
Texas could seek hundreds of billions of dollars in civil penalties
Intel Near $6 billion Deal to Buy Tower Semiconductor
A deal for Israel-based Tower Semiconductor would get Intel into the business of manufacturing speciality chips at a much lower price than the previously reported interest in GlobalFoundries.
SoftBank Leads $100 Million Round for Chinese AI Startup
The deal shows how SoftBank continues to strike new deals in China, even after Beijing's regulatory crackdown last year hurt some of its portfolio companies.
Super Bowl Ads Reflect Rise of Cryptocurrency Companies
The big-ticket ads are part of the firms' efforts to reach the majority of Americans who still haven't invested in cryptocurrencies.
Amazon and Spotify Consider Bids For U.K. Podcast Firm
Amazon and Spotify are considering separate takeover efforts for London-based company company which is an intermediary between podcasts and advertisers, and makes original audio content.
BlockFi Expected to Pay $100 Million to Settle SEC, State Charges: Report
BlockFi and other companies offering crypto lending products have faced growing scrutiny from the SEC and state governments as regulators have argued these products are unregistered securities.
Cisco Said to Offer More Than $20 billion For Splunk
A deal for Splunk, whose software can analyst huge troves of machine-generated data from servers and networking gear, could complement Cisco Systems' security business and prior acquisition of AppDynamics.
OpenSea Launches Venture Capital Arm
The company joins the ranks of many other crypto companies investing in other Web3 startups.
Zendesk Receives Offers as Firms Urge Investors to Reject Momentive Deal
The firms’ calls for investors in Zendesk, which offers customer service software, to reject the deals comes amid offers from private equity firms, according to the Wall Street Journal, which Zendesk’s board rejected.
Gopuff Preparing to Move to Gig Work in U.K., Where Model Is Under Scrutiny
Unions and regulators in the U.K. and Europe have been mounting challenges to the gig economy model used by the likes of Deliveroo and Uber.
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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