Tech Stocks Drop Across the Board
The sell-off was triggered by concerns about a Chinese property developer.
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Recent Editions
WeWork Sets Oct. 21 As Date of Public Listing
The public listing of WeWork will occur two years after the company abandoned its originally planned IPO. Much has changed since then.
Twitter to Pay $809 Million to Settle Shareholder Lawsuit on Growth
Twitter had told investors in 2014 that it expected to increase its monthly active user count to 550 million but it stopped reporting the MAU number in 2019, far short of that projection
Didi Global’s Co-Founder and President to Leave
The report is the latest sign of turmoil at Didi, which was plunged into uncertainty after its June IPO triggered a cybersecurity investigation by the Chinese government.
Amazon Says Has “Zero Tolerance” for Wrongdoing After Media Report Alleges Graft
The report by a local Indian news outlet said that Amazon had launched an internal investigation into allegations its lawyers bribed Indian officials.
ByteDance Puts Limits on Screen Time for Youths in China
TikTok’s owner set a limit of 40 minutes a day for people under 14 years of age who use its Chinese app.
China Seeks to Reassure Wall Street on Tech Crackdown
After Chinese stocks lost $1 trillion in value, top Chinese regulators told American investors that the government didn’t mean to stifle technology companies or the harm private sector.
GitLab’s Annualized Sales Top $215 Million in IPO Filing
GitLab, the main competitor to Microsoft's GitHub, revealed strong sales growth and a narrowing net loss in its IPO filing.
Instagram Head Criticized Over Comparison Between Social Media and Cars
The comments came after a Wall Street Journal article revealed that Facebook was aware Instagram negatively impacted teenagers' mental health.
ISS Recommends Against Zoom Video’s Five9 Offer
ISS' recommendation could jeopardize Zoom's hopes of completing the acquisition, whcih was aimed at diversifying Zoom's business
JPMorgan’s UK Entry Could Spark More Fintech Dealmaking
JPMorgan’s arrival could also kick-off more deal-making in the crowded fintech sector based in London
WarnerMedia Offers 50% Discount on HBO Max
The pricing promotion comes fresh off HBO Max coming off of Amazon Channels.
Google and Apple Remove Russian Opposition-Linked App Ahead Of Elections
The tech firms were pressured by Russia but now are being assailed by Russian opposition activists.
SoftBank Sells $1.69 Billion of Coupang Shares
SoftBank's latest asset sale comes after Coupang's New York-listed stock has declined sharply over the past few months.
Murdoch Revives Plans for Fox News-Like UK Channel
Murdoch had put the project on ice a few months ago when a rival effort backed by Discovery launched.
Chinese Smartphone Giant Oppo Cuts Jobs After Merger With OnePlus
Oppo, which competes with Apple and Samsung, is trying to streamline its operations after expanding its workforce rapidly in recent years.
China Slows Videogame Approvals After Imposing New Limits on Minors
The policy change is likely to slow down game approvals in the world’s largest videogame market and impact Chinese videogame giants such as Tencent and Netease.
Didi Sees Steep Decline in Users
Aurora Mobile data showed that the number of daily users fell to about 11 million from nearly 16 million in June as competitors sought to take advantage of a government probe into Didi.
FTC Continues Maneuvering For Merger Crackdown
The agency rescinded 2020 guidelines for reviewing deals between companies that don’t directly compete.
Former AWS Exec Tapped to Lead New Microsoft Engineering Unit
Charlie Bell, the AWS veteran who jumped to Microsoft last month, will lead a newly formed engineering group focused on cybersecurity and other challenges.
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