U.K. Lawyer Brings $3.2 Billion Class Action Lawsuit Against Facebook
This is yet another challenge for Meta in the U.K., where the company was recently ordered by the antitrust regulator to unwind its acquisition of Giphy.
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Recent Editions
Alibaba’s Grocery Unit Mulls Fundraising at $10 Billion Valuation
The Hema grocery store chain's fundraising raises questions about whether Alibaba could eventually spin off the unit and list it separately.
Alphabet Lets Subsidiaries Control Employee Compensation
Alphabet has given non-Google subsidiaries the freedom to set their own compensation and job structures.
Twitter Credits Remote-Work Policy For Diversity Improvement
The social-media platform saw a significant uptick in the percentage of its employees who are Black or Latinx in 2021.
Microsoft’s Board Authorizes Sexual Harassment Policy Review
Decision to study the company's sexual harassment and gender discrimination policies and practices comes in response to shareholder vote.
Jan. 6 Committee Subpoenas Meta, Alphabet, Twitter and Reddit
The committee criticized the companies for failing to provide adequate information about their respective actions ahead of the attack on the U.S. Capitol.
Meta Ends Development of Sparked, an Experimental Dating App
Sparked’s end is the latest in a line of canceled projects from Meta’s New Product Experimentation group.
TSMC to Boost Capex Spending to as Much as $44 Billion to Meet Strong Demand
The Taiwanese chip maker said quarterly profit rose 16.4% as revenue rose to 24% to nearly $16 billion.
Chinese Report Says TikTok Aiming For $12 Billion Revenue in 2022
Chinese media outlet LatePost's report on TikTok's revenue target comes as ByteDance tries to boost its
Microsoft Hires Senior Server Chip Designer From Apple
Chip veteran Mike Filippo, who has previously worked at ARM Holdings, could help accelerate Microsoft's custom chip development plans.
Miami Startups Raised Record $4.6 Billion in 2021
Miami was the destination of choice for techies, particularly crypto enthusiasts, who fled Silicon Valley in 2020 and 2021.
StockX Taps Banks for IPO
The Detroit-based sneaker resale giant, which has enjoyed the pandemic-driven e-commerce boom, said it planned to go public last year, but those plans could materialize as soon as the first half of this year.
Justworks Delays IPO Amid Market Volatility
Justworks has delayed a public debut initially planned for this week due to market conditions, the human resources and work management software company said in an emailed statement on Wednesday.
DAZN Nears Deal to Buy U.K.‘s BT Sport for $800 Million
The deal would give DAZN, which reportedly fell short of its goal of hitting 13 million subscribers by the end of 2021, access to the English Premier League.
Checkout.com Nabs $40 Billion Valuation
The London-based online payment processor has more than doubled its valuation with new Series D fundraise as the company eyes US expansion and deeper investment in enabling crypto transactions.
DirecTV, Dish Revisit Merger Talks
TPG, which now owns a stake in DirecTV, is pushing for the combination.
Didi Global Starts Informal Hong Kong Listing Talks
Didi, which plans to delist from the U.S., could face many hurdles in the process for its Hong Kong listing.
Investor in The Athletic Criticizes Sale to NYT
Powerhouse Capital, an investor in The Athletic, thinks the company left money on the table by selling to The New York Times.
Work-From-Home Googlers Get Fancy Covid-19 Tests. In-Office Contractors Don’t
The difference in Covid-19 tests offered are the latest example of the gap in benefits offered to full-time Google staff versus contractors
Meta Appoints DoorDash CEO Tony Xu to Board of Directors
The appointment brings Meta’s board to 10 members.
Weekday mornings
The Information AM by The Information Staff
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