Indian Food Delivery App Swiggy Hires Banks for $1 Billion IPO
SoftBank-backed Swiggy, valued at $10.7 billion as of January, is gearing up for an IPO in a challenging stock market environment.
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Recent Editions
Investment Service AngelList Valued at $4.1 Billion by Tiger Global
The funding is a rare venture capital raise for AngelList, whose business helping venture capitals raise new funds took off during the pandemic.
AWS Stops Taking New Customers in Russia and Belarus
Amazon Web Services already doesn't do business with the Russian government, and now it is stopping signups of new customers in the country.
Stitch Fix Slashes Sales Forecasts as User Growth Slumps
The online subscription-based retailer is not seeing as many new users after it slowed down its marketing spend in the fall.
Alphabet Highlights Financial Risks of Russia-Ukraine War
The Google parent said the conflict would cause a negative foreign exchange impact and hit revenue because it stopped selling ads in Russia
Netflix CFO Says ‘Never Say Never’ on Ads
The company seems to be taking a less vehement stance on whether it will ever launch a cheaper ad-supported tier.
Better.com Laying Off More Than 3,000 People
Three months after cutting 9% of its staff, Better.com is letting go of more than a third of its 9,000-person workforce.
Amazon Launches Live Radio App Amp
Amazon announced its answer to the rise of social audio features: Amp, a live radio app that turns users into DJs.
Google to Buy Mandiant for $5.4 Billion
The acquisition is designed to beef up Google Cloud's security offerings so it can better compete with Microsoft Azure and AWS.
Autonomous Driving Startup Pony.ai’s Valuation Rises to $8.5 Billion
Pony.ai's announcement of its new valuation is part of its attempt to reassure investors after it shelved its plans to go public in the U.S. last year.
ThredUp Reports Strong Growth But Forecasts Slowdown
The online used goods firm said its new distribution centers in Texas and Tennessee will contribute to widened losses in 2022, and it also expects sales growth to lag.
Index Ventures Says it Won’t Invest in Russia
The European venture capital firm said it will no longer make investments in Russia or co-invest alongside people or companies linked to the Russian regime.
Coinbase Blocks 25,000 Russian Accounts Linked to Illegal Activity
The company’s chief legal officer made the disclosure in a blog post on Monday outlining Coinbase’s recent efforts to comply with sanctions linked to the invasion of Ukraine.
Uber Says Ride Hailing Business is Bouncing Back Faster Than Expected
Uber projected stronger earnings, excluding a wide range of expenses, than it had previously.
TikTok Limits Service in Russia Amid “Fake News” Law
The move comes after Russia passed a new law aimed at silencing dissent and controlling information on its war on Ukraine.
Apple Sets April Return to Office Date
Apple employees will have to spend three days a week in the office by the end of May.
Russia Blocks Access to Facebook
The country’s communications regulator accused the social media company of “discrimination against Russian news media.”
Google Suspends Advertising in Russia
Russia’s communications regulator accused the company of showing ads in the country that it said misinformed people about the war
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