ByteDance Tells Employees 2020 Revenue More Than Doubled
This is the first time that closely held ByteDance has shared detailed financial results with its employees.
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China Launches Antitrust Probe Into Didi Chuxing Ahead of IPO
A big question is whether such an investigation could result in any changes to Didi's IPO, which bankers say could value the company at $70 billion.
OnlyFans Seeks Billion-Dollar Valuation
The subscription-based social media service has hired an advisor to help identify interested investors.
Amazon Blames Social Media Groups for Fake Reviews
Amazon posted a lengthy blog on Wednesday about a problem that has plagued the internet retailer for ages: fraudulent reviews.
Oracle Shares Dip 5% Amid Data Center Buildout Plans
Oracle's cloud business hasn't yet been big enough to require major capital expenditure on data centers, but that is changing.
DuckDuckGo Investor Roster Includes Big Tech Critics
The privacy-focused search engine raised $100 million late last year, including funds from tech leaders critical of ad-driven business models.
Confluent Aims for $8 Billion-Plus Valuation in IPO
The startup, which is building a business around the open-source data processing software Apache Kafka, revealed slowing sales growth last month.
Waymo Raises $2.5 Billion Amid AV Industry Consolidation
Waymo has raised another round of investments, led by parent Alphabet.
Alibaba’s Tsai: Jack Ma ‘Lying Low’ Focusing on Hobbies, Philanthropy
Ma has largely disappeared from public view since Alibaba and Ant Group came under intense scrutiny from China's regulators late last year.
Alibaba Falls Victim to Data-Scraping Leak
The leak comes as China's government is taking steps to tighten its control over the data collected by internet companies.
South Korean Videogame Maker Behind PUBG Seeks $5 Billion in IPO
The IPO would be a boon to investors such as Chinese internet giant Tencent, which owns a roughly 16% stake in the company.
Sonos Brings Criticism of Google and Amazon to Senate
Lawmakers accused the companies of using their scale as an unfair advantage when it comes to in-home technology.
Zuckerberg Shows Off Facebook Audio Rooms
Tech companies are rushing into social audio, which grew in popularity during the pandemic shutdowns.
Amazon’s Cashierless Tech Comes to a Full-Size Grocery Store
Amazon on Tuesday announced that its cashierless Just Walk Out technology will soon be deployed in a full-size grocery store for the first time.
Tech Critic Lina Khan Named FTC Chair
Khan arrives at the five-member regulatory commission during an extraordinary time for antitrust enforcement in the U.S.
Social App IRL Raises From SoftBank at $1.2 Billion Valuation
The teenage messaging app is one of Softbank’s first major social media investments since ByteDance.
U.K. Regulators to Examine if Google and Apple Run Smartphone Duopoly
Antitrust authorities will examine whether the two companies are effectively a duopoly in mobile phones with Android and iOS, the two dominant operating systems.
E.U. Court Says Facebook Can Be Pursued by National Data Agencies
The E.U. Court of Justice ruled that Belgium could pursue an investigation into Facebook despite the social media giant being headquartered in Ireland.
SoftBank Leads $360 Million Funding Round for Singapore’s Carro
Carro's new round is the latest indication of how Southeast Asia's e-commerce sector is attracting more money from global investors.
India to Accelerate Amazon and Flipkart Antitrust Investigations
The investigations have resumed after a court rejected efforts by Amazon and Walmart’s Flipkart to block them.
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