BuzzFeed Sees Ad-Sales Growth, Slowdown in Commerce Ahead of IPO
BuzzFeed, which plans to go public in December, said it has surpassed $251.8 million in revenue through the first nine months of 2021.
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Cybersecurity Startup Lacework Raises $1.3 Billion
Lacework, a six-year-old provider of cloud-based cybersecurity software, has raised more than $1.8 billion in two funding rounds this year.
Microsoft’s Xbox Evaluating Activision Relationship
Pressure from Activision's two most critical business partners will make it very difficult for Activision CEO Bobby Kotick to keep his job.
State AGs Launch Investigation Into Instagram’s Effects on Children
The investigation was in part prompted by comments made by Instagram head Adam Mosseri in a May interview with the Information.
Grammarly Raises $200 Million at $13 Billion Valuation
The round is only the third VC fundraise for Grammarly, which says its business is profitable and cash flow positive.
Apple Sets Feb. 1 for Return to Office
Apple will let employees work for up to four weeks remotely each year, twice what was previously allowed.
CVS to Close 900 Stores Over Three Years, Push Online Business
The pharmacy retailer joins a list of traditional retailers like Macy's and Saks Fifth Avenue who have made more aggressive efforts to beef up their e-commerce presence.
Alibaba Slashes Revenue Guidance as China’s Economic Growth Slows
The Chinese e-commerce giant is grappling with economic headwinds as well as Beijing's crackdown on the internet sector.
India’s Paytm Drops 26% in First Day of Trading
The online payments platform's IPO was the largest ever in the county but share prices fell amid questions about its profitability and business model.
Staples Center to be Renamed Crypto.com Arena
Cryptocurrency exchange Crypto.com signed a 20-year deal with the Los Angeles sports venue.
Sony PlayStation Exec Blasts Activision Over Harassment Allegations
PlayStation head Jim Ryan criticized the game publisher’s response to numerous harassment and assault allegations.
FTC Nominee Bedoya Faces Partisan Pushback at Confirmation Hearing
FTC Chair Khan needs Bedoya to break 2-2 commission deadlock.
Apple Unveils Self Service Repair Plans for iPhone and Mac Products
The company will begin selling “Apple genuine” components for repairs to customers.
Amazon Will Stop Accepting Visa Credit Cards In UK Over Fee Charges
Amazon will no longer accept Visa credit cards as payment from U.K. shoppers starting in January.
Alphabet CEO Says Search Is At Center of Future Growth
“I still feel search is our biggest moonshot as a company,” Alphabet CEO Sundar Pichai said this week
Alibaba-Led Consortium Nears Takeover Deal for Chinese Chip Giant
The $7.8 billion deal comes as China's government is pushing hard to make the country more self-sufficient in the supply of semiconductors.
Google Filing Seeks to Undercut Sonos Patent Claim
The filing is the latest in a high-profile patent skirmish between the companies that worked together on audio projects for years
Senate Confirms Jonathan Kanter to Head DOJ’s Antitrust Division
Kanter will inherit high profile investigations and lawsuits involving Google and Apple.
Qualcomm CEO Gives 10 Million Unit Sales Estimate for Meta’s Quest 2 VR Headset
Meta has yet to disclose definitive sales figures for its headset.
Faire Raises $400 Million at $12.4 Billion Valuation
Faire has raised over $600 million this year in a VC market with an insatiable appetite for fast growing e-commerce startups.
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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