China Wants Ant Group to Create New Separate App for Loans
China's government has been taking steps to tighten its control over Ant's financial services as well as the vast troves of data its Alipay app collects.
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Google Underpaid Some Temp Workers for Years
A New York Times story says Google feared bad optics when it discovered the pay error and decided not to correct it for all of its temporary staff
Stripe Exploring Going Public via Direct Listing in 2022
A Stripe public listing would be a major event whenever it occurs, given that Stripe's current valuation is around $160 billion
Apple Loses Key Point in Epic Ruling, But Avoids Worst Case Outcome
A judge's ruling in the Epic lawsuit will force Apple to let developers link to alternative payment systems on the web.
Nickelodeon Chief to Take Over Paramount Studio
The move comes as the movie industry is under major upheaval as more companies release movies onto their streaming services
Apollo Taps Former Tinder CEO To Run Yahoo
The hire of Jim Lanzone, a longtime head of digital at CBS, signals that Apollo understand the importance of media expertise to run Yahoo.
China’s Podcast App Ximalaya Drops U.S. IPO and Plans to List in Hong Kong
The audio and podcast and audio app company dropped plans to list in the U.S. under pressure from Chinese regulators.
Apple Fires Employee Who Complained About Working Conditions
The firing comes as Apple employees are increasingly airing their grievances in public through social media and the press.
SoftBank to Borrow $3.85 Billion Against T-Mobile Stake
The move could provide the tech investment company and its founder Masayoshi Son additional capital for more deals.
Apple Refuses to Let Epic Back into South Korean App Store
South Korea’s new law is so far the biggest threat to Apple and Google’s app stores
JPMorgan Chase Buys Foodie Site the Infatuation
The media company, best known for its restaurant recommendations and city food guides, had been seeking a sale in recent months.
Microsoft Indefinitely Delays Office Reopening Plans
As the Delta variant of Covid-19 surges, Microsoft has decided it's not worth trying to set a new timeframe for reopening its offices in the U.S.
Amazon Offers Free College Opportunities For Warehouse Workforce
Amazon is making the tuition offer to make its warehouse jobs more appealing.
BuzzFeed Posts Q2 Profit On Surge in Ad Revenue
While BuzzFeed has sought to diversify away from the ad business, advertising remains by far its biggest source of revenue.
Southeast Asia’s Online Gaming and E-Commerce Giant Sea Seeks $6.3 Billion
The mix of debt and equity would be Southeast Asia’s biggest ever capital raise.
Indian Education Startup Byju Raising up to $600 Million Ahead of IPO
The news comes as Beijing cracks down on Chinese education startups, which could open a window for Byju to gain traction globally without as much competition.
Cybersecurity Startup Snyk Valued at $8.5 Billion in New Funding
The latest funding round reflects venture capitalists’ interest in cybersecurity startups, heightened by the success of public listings by CrowdStrike and SentinelOne in the past couple of years.
China Summons Tencent, NetEase Over New Gaming Rules
China's government on Wednesday summoned Tencent, NetEase and other Chinese videogame companies for a meeting to make sure that they will implement Beijing's new rules for the sector.
Facebook Controls Over 90% of the Social Networking Market, FTC Says
The FTC is looking to show that Facebook is overwhelmingly dominant and should be broken up.
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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