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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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Recent Editions

Briefing

Poshmark’s Revenue Growth Slowed to 16% in Q3

Nov 9, 2021 · 2:48pm PST
The social shopping app for secondhand goods saw a decrease in its revenue growth rate and an increase in marketing costs as Apple's privacy clampdown makes it harder to acquire new customers online.
Briefing

DoorDash Stock Rises 20% After Deal to Buy Food Delivery Firm Wolt

Nov 9, 2021 · 2:16pm PST
The deal will help DoorDash expand globally and develop its grocery delivery business.
Briefing

FTC’s Wilson, Senator Lee Blast FTC Chair Khan

Nov 9, 2021 · 12:36pm PST · 1 comment
Commissioner Christine Wilson and Senator Mike criticize Khan over low staff morale, ill-conceived policies.
Briefing

Netflix Introduces Kids Clips

Nov 9, 2021 · 8:07am PST
The new feature appears to be an attempt by the streaming giant to compete more directly with YouTube.
Briefing

Indonesian VC Firm Alpha JWC Raises $433 Million Fund for Southeast Asian Startups

Nov 8, 2021 · 10:31pm PST
The largest-ever VC fund in the region for early stage companies counts the World Bank’s International Finance Corporation and Morgan Stanley Alternative Investment Partners among its backers.
Briefing

Robinhood Hit By Data Breach

Nov 8, 2021 · 4:54pm PST
A data security breach at Robinhood exposed the personal information of 7 million customers.
Briefing

ThredUp’s Revenue Rose 35% in Third Quarter

Nov 8, 2021 · 2:53pm PST
The secondhand goods seller's sales grew at a slower clip in the previous quarter as consumers spend less time shopping on mobile and web.
Briefing

Nextdoor Stock Climbs Nearly 30% in Public Debut

Nov 8, 2021 · 12:06pm PST
The neighborhood social network company went public after completing a merger with Khosla Ventures Acquisition Co. II, a special purpose acquisition company, on Friday.
Briefing

Bitcoin Price Rises After Infrastructure Bill

Nov 8, 2021 · 11:55am PST · 1 comment
The price of bitcoin rose on Monday, despite the Senate’s approval of the controversial infrastructure bill.
Briefing

Ex-SoftBank Partner Deep Nishar Joins General Catalyst

Nov 8, 2021 · 11:51am PST
Nishar was one of several high profile partners that left SoftBank in the last year.
Briefing

Disney+ to Cost $2 For One Month For New and Returning Subscribers

Nov 8, 2021 · 6:11am PST
The company is offering a range of perks to celebrate the two-year anniversary of the service.
Briefing

Sequoia China’s Neil Shen Sells Shares in Meituan and Pinduoduo

Nov 8, 2021 · 3:04am PST
The Financial Times said the billionaire venture capitalist sold as much as $215 million worth of shares in Pinduoduo, Meituan and Dada Nexus.
Briefing

SoftBank Announces $8.8 Billion Share Buyback After Losses on Didi and Coupang

Nov 8, 2021 · 12:42am PST
SoftBank's buyback announcement came after its Vision Fund suffered a quarterly loss on the decline of China's Didi Global and other stocks.
Briefing

Chinese State Firm Mulls Bid to Buy Alibaba-Owned Hong Kong Newspaper

Nov 7, 2021 · 7:51pm PST
The possible move comes as Beijing has been stepping up its effort to tighten its control over all kinds of domestic media platforms.
Briefing

Peloton Stock Falls After Weak Earnings Report

Nov 5, 2021 · 2:30pm PDT
Friday’s closing price is 67% down from the stock’s all-time high of $171 in January.
Briefing

Kroger Targeted by Fake Crypto Press Release

Nov 5, 2021 · 12:25pm PDT
Kroger became the latest retailer to fall victim to fake crypto news.
Briefing

Stripe Adds Crypto Investor Matt Huang to Board

Nov 5, 2021 · 12:00pm PDT
Stripe is widely expected to complete an IPO next year.
Briefing

Meta Planning Physical Stores for AR/VR Products: Report

Nov 5, 2021 · 8:11am PDT · 1 comment
The plans, which may not move forward, have been in the works for months.
Briefing

Lions Gate Explores Spin-Off or Sale of Starz

Nov 5, 2021 · 4:49am PDT
The company is looking to sell the premium cable channel as content studios are trading at huge multiples.
Briefing

Reuters: Jack Ma Wrote Letter To China’s President Offering to Devote His Life to Rural Education

Nov 4, 2021 · 11:07pm PDT
It's unclear when the billionaire Alibaba founder wrote the letter or what President Xi Jinping’s reaction to it was, according to Reuters.