WeWork Reports 7.8% Increase in Revenue for Q4
WeWork burned through $2.2 billion in cash in 2021 but it projects a much better year in 2022, which should reduce its cash burn.
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Recent Editions
Europe and U.K. Open Investigations into Google-Meta Ad Deal
The lawsuit alleges that as part of a program dubbed “Jedi Blue” that Google and Facebook's parent Meta Platforms worked together to fix ad prices.
China Tech Companies Named by SEC as Facing Risk of Delisting Over Audit
The SEC said that Yum China, biotech firms BeiGene, Zai Lab and HutchMed, as well as technology company ACM Research could be delisted if they failed to comply with audit requirements.
Didi Stops Preparation for Hong Kong Listing After Cybersecurity Plan Doesn’t Satisfy Beijing
Bankers have stopped work on a Didi Global listing in Hong Kong after the ride-hailing firm failed to get Beijing’s approval for its data security plan.
Rivian Warns Supply Chain Woes Will Hit Production
Rivian CEO RJ Scaringe declined to state the number of electric delivery vans that the company has delivered to Amazon thus far.
Stripe Begins Integrating Applications with Crypto Businesses
The payments giant is also partnering with FTX and FTX.US to give the crypto exchanges access to identity verification and fraud detection tools.
China Censors Online Posts Critical of Russian Invasion of Ukraine
The actions aren’t surprising given Beijing’s alliance with Moscow.
TikTok, Oracle Rekindle Talks Over Storing U.S. User Data
After extended talks in the fall of 2020, Oracle and TikTok are once again in talks about a deal to host data for users of the popular video-sharing site.
Sezzle to Lay Off 20% of its North American Workers
Sezzle, which was recently acquired by its buy now, pay later rival Zip, is downsizing its staff to get the company closer to profitability.
Chinese E-Commerce Firm JD.com’s Revenue Growth Slows
China's internet giants are grappling with the impact from the country's economic slowdown and weakening consumption.
Chinese EV Maker Nio’s Stock Starts Trading in Hong Kong
The Hong Kong secondary listing allows New York-listed Nio to hedge against delisting risks in the U.S.
Amazon Announces $10 Billion Share Buyback, 20-for-1 Stock Split
The buyback program is notable.
Ukraine Again Asks Apple and Google to Block App Stores in Russia
The request came after both companies took some steps to punish the Russian online economy.
Two Board Members Resign From Huawei UK Over Ukraine Invasion
The resignations highlight how Chinese companies are being put in a tricky position regarding the war given Moscow's alliance with Beijing.
Meta Executive Leading ‘IG Kids’ Team To Leave Company
The announcement follows a period of intense scrutiny on Instagram over its impact on young people.
Biden Signs Executive Order on Crypto, Requesting Recommendations
The order did not include any drastic regulations, which the crypto sector feared, pushing bitcoin up 8%.
Grubhub’s Instant-Delivery Partnership on Ice as Russia-Backed Buyk Struggles
New York-based Buyk is facing funding and stuffing struggles as current sanctions put a strain on its financial ties to Russia. Now, Grubhub has put the breaks on its partnership with ultrafast delivery startup.
Amazon’s MGM Deal to Get Green Light in Europe
The European Commission is set to give its blessing, but the $8.5 billion deal still faces a major hurdle in the United States.
Lawmakers Accuse Amazon of Lying to Congress, Ask DOJ to Investigate
The referral comes as Amazon faces antitrust scrutiny around the world.
U.S. Could “Shut Down” Chinese Tech Companies that Try to Skirt Russia Sanctions
The U.S. Commerce Secretary warned that Chinese companies that try to defy U.S. sanctions to sell technology to China would face severe consequences.
Weekday mornings
The Information AM by The Information Staff
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