Benioff Slams Facebook Again
At Code Conference in Los Angeles, Salesforce CEO Marc Benioff once again advocated for government regulation of Facebook.
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Endeavor to Buy Sports Betting Software Company OpenBet for $1.2 Billion
The acquisition reflects a surge of interest in sports betting caused by its legalization in numerous states.
Chinese Car Maker Geely Launches Smartphone Business
Geely, which owns Volvo and Lotus brands, will be competing in the mature smartphone market already crowded with many Chinese and foreign brands.
TikTok Surpasses 1 Billion Monthly Active Users
The popular short-video app's robust growth highlights the threat it poses to Facebook and Google.
SoftBank Vision Fund Executive Deep Nishar to Leave
Nishar, one of the Vision Fund's most senior executives, has worked on dozens of deals including Slack and Guardant Health.
Ozy Media Faces FBI Probe After Investor Call
A co-founder of Ozy allegedly impersonated a top YouTube executive on a conference call with Goldman Sachs in February.
Facebook Sets Up $50 MIllion Metaverse Research Fund
The fund’s announcement comes as Facebook weathers a new wave of criticism and scrutiny concerning Instagram and the core Facebook app.
YouTube TV to Drop Price As a Result of NBCU Dispute
Google's response is a clever way of highlighting the cost of NBCU's channels and is a tactic not deployed by cable or satellite TV operators in similar disputes before.
EV Company Polestar to Merge with Gores Guggenheim SPAC in $20 Billion Deal
Polestar joins several other electric vehicle companies which have decided to go public via SPAC mergers, including Tesla, Nikola and Lucid Group.
Spotify Kicks off Ad Campaign Targeting Advertisers
The new campaign is designed to lure small and mid-sized businesses.
Instagram Hits Pause on Plans for Kids App
The company says it does not have a timeline for when work on the project could resume.
Didi Global’s Chinese Ride-Hailing Rival Eyes New Funding Round
Cao Cao Mobility is in talks with investors about its next funding round as its bigger rival Didi Global grapples with a tough government crackdown.
Alibaba CEO Pledges Support for Xi Jinping’s Common Prosperity Push
China's biggest internet companies are stressing their commitment to the Communist Party's policy goals as they grapple with Beijing's regulatory crackdown.
Facebook Rebukes WSJ Reporting Ahead of Thursday Hearing
Instagram is under mounting pressure over its impact on young users
Internal Robinhood Discussions Revealed in Court Filing
The filings also show how company executives were worried about the implications of halting trading on certain stocks.
Huawei Finance Chief to be Freed After Deal with U.S. Prosecutors
The three year confinement in Canada of Meng Wanzhou symbolized tensions between the U.S. and China over Huawei.
China Bans All Cryptocurrency Transactions
The announcement is the boldest move yet by the Chinese government to crack down on cryptocurrencies given its inability to regulate and trace them.
Alibaba to Sell Stake in Chinese Broadcaster
Alibaba will sell its 5% stake in Mango Excellent Media, a station based in central China, amid a broader antitrust crackdown in China.
Google Hopes to Settle EU Antitrust Probe Over Online Ad Business
Convincing European regulators to settle the investigation is likely an uphill battle for Google.
CNN Announces Programming Team for Streaming Service
The new team includes executives from NowThis, NBC and Newsy.
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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