FTC Chair Khan Appoints New Adviser
The new FTC Chair Lina Khan is unsurprisingly staffing her office with big tech critics.
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Robinhood Sets IPO Pricing Range at $33 Billion Valuation
The valuation is below where private market investors had hoped Robinhood would go public, but is in line with a conversion price on notes issued by the company in February.
Bill Ackman Drops SPAC Deal for Part of Universal Music
Bill Ackman’s bid to acquire a portion of Universal Music through a SPAC deal has fizzled out after an intervention from regulators and a negative reaction from investors.
Tencent to Acquire U.K. Game Studio at Valuation of $1.26 Billion
The move comes as the Chinese game publisher aims to expand its overseas business by making hit games that will appeal to western audiences.
Report Alleges Israeli Spyware Was Used to Hack Journalists and Human Rights Groups
An investigation found the hacks were done using spyware from NSO Group, which sells its products to governments to track terrorists and criminals. The company denied the allegations.
Zoom to Acquire Call Center Firm Five9 for $14.7 Billion
Zoom is looking to parlay its success in videoconferencing to a new area, acquiring a call center company led by a former Cisco and Symantec executive.
FTC Commissioner Chopra Appoints New Advisor
Chopra is set to run the CFPB pending Senate confirmation.
Biden Says Facebook Is ‘Killing People’ With Covid Misinformation
The government has made several recommendations to Facebook and other platforms in an effort to tackle the spread of misinformation about Covid-19.
The Athletic Raises Annual Price by 20%
The move comes weeks after deal talks with The New York Times ended
Indian Payment Startup Paytm Files for $2.2 Billion IPO
A successful listing will be crucial for Paytm's major shareholders, which include Alibaba and its affiliate Ant Group as well as SoftBank.
E-Commerce App Xiaohongshu Halts U.S. IPO Plans Amid China’s Crackdown
Some bankers and investors expect the path for China tech IPOs in the U.S. to stay closed for at least the rest of this year.
Chinese Tech Companies Listing in Hong Kong Will Be Exempt From New Cybersecurity Review
China’s new cybersecurity review will only apply to companies seeking to sell shares overseas such as in New York, London or Singapore.
Xiaomi Overtakes Apple to Become No. 2 Smartphone Brand in Q2
Xiaomi’s low-cost phones gained popularity in regions such as Latin America and Africa, places where the iPhone's price is out of reach of most consumers.
Inspection Team Starts Onsite Investigation of Didi Global
A team composed of members of the national security, taxation, market supervision and natural resources authorities have started an onsite review of the Chinese ride hailing giant.
Google Parts Ways With Cloud VP in Aftermath of ‘Anti-Semitic Confession’ Post
Google’s personnel drama is the song that never ends.
Game Maker Nexon Hires Former Disney Executive to Lead Film Efforts
Game maker Nexon said it hired a former Disney executive, Nick van Dyk, to lead a new expansion into film and television.
Self-Driving Truck Firm Aurora Plans to Burn $4.3 Billion, Confirms SPAC
Another reminder of how expensive self-driving vehicle development can be.
U.S. Consumer Safety Agency Sues Amazon Over Hazardous Products
The U.S. Consumer Product Safety Commission seeks to hold Amazon legally responsible for harms caused by products sold on its third-party marketplace.
U.K. Fintech Revolut Valued at $33 Billion After Softbank and Tiger Backing
London-based Revolut raised $800 million in a new funding round led by SoftBank and Tiger Global.
SoftBank Invests $1.7 Billion in South Korean Travel Firm Yanolja
The latest deal comes after SoftBank enjoyed big gains from its previous investment in South Korean e-commerce giant Coupang.
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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