Downloads of TikTok Slow Down From Last Year
TikTok was still the world’s most popular app with 80 million downloads in May, but growth has slowed from last year, according to Sensor Tower.
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Fitch Says Profits to Grow Slower at Chinese Tech Firms
The ratings agency said high investments this year will put pressure on margins at Alibaba, Tencent and Baidu.
Apple Employees to Come Into Work at Least Three Days a Week
The move underscores CEO Tim Cook’s insistence that employees come to work, a reflection of his belief that virtual interactions aren’t conducive to creativity.
Elliott Management Takes Big Stake in Dropbox
Activist investor, which has previously pushed for changes at companies like Dell Technologies and AT&T, has eyes on the cloud storage and collaboration market.
SEC Accuses Musk of Violating 2018 Lawsuit Settlement Over Tweets
The SEC's complaints suggest that the 2018 settlement has been difficult to enforce.
Etsy Acquires Gen Z Fashion Platform Depop for $1.6 Billion
Etsy is acquiring one of the pioneering companies of the second-hand fashion ecosystem, and one that is especially attuned to the desires of young people:
Chinese NGO Sues Tencent For Harming Minors With Hit Mobile Game
The lawsuit, which was brought by the Beijing Children’s Law Aid and Research Centre, accuses Tencent of causing addictive behaviors among minors.
TSMC Starts Construction on Arizona Chip Factory
The move comes amid a global chip shortage, which has severely affected supply of everything from automobiles to gaming consoles and computer graphics cards.
Pentagon Clears China’s DJI Drones
The audit found that two drones made by DJI, China’s largest manufacturer, which is blacklisted by the Department of Commerce, didn’t have any malicious code and could be used by the U.S. government.
Startup Confluent Reveals Slowing Sales Growth in IPO Filing
Confluent, the company in charge of commercializing the Apache Kafka data processing software, is seeing slowing sales growth and hefty net losses.
Amazon Relaxes Productivity, Marijuana Policies for Warehouse Workers
Amazon is changing a controversial method of measuring the productivity of warehouse workers and will drop marijuana from its employee drug testing.
Amazon Warehouse Workers More Prone to Serious Injuries
The news comes less than a week after Amazon turned heads with its announcement of AmaZen wellness booths
Zoom’s Sales Jump 191% as Pandemic Boom Continues
Zoom's business continues to accelerate even as some employees begin returning to offices, and now all eyes are on its second act.
Cloudera Going Private in $5.3 Billion Acquisition
Cloudera, after several years of inconsistent sales growth and strategy changes, is going private just over four years after its IPO.
Warner-Discovery Merged Company to Be Called Warner Bros. Discovery
The tagline for the company is “The Stuff That Dreams Are Made Of.”
Australian Media Company Nine Signs Google, Facebook Deals
Nine Entertainment was the last of the three main Australian media giants to strike a deal with the social network and search engine after changes to Australian law meant they had to pay for news content.
Amid Crypto Crackdown, Chinese Brokers Target Offshore Bitcoin Traders
The brokerages Tiger Brokers and Futu Securities will expand their cryptocurrency trading services, tapping demand for trading in the volatile digital currencies outside of China.
Poland Trial Begins for Ex-Huawei Executive Accused of Spying
The outcome of the case could have business repercussions for Huawei, which has been accused of spying for the Chinese government.
China Announces Three-Child Policy in Bid to Boost Falling Birth Rate
The decision highlights how sharply births have fallen, as China tries to undo the impact its decades-long one-child policy.
Intel CEO Reiterates Chip Shortage Could Last Years
The comments about the global chip shortage reiterate what Intel’s CEO, Pat Gelsinger, told The Washington Post in April.
Weekday mornings
The Information AM by The Information Staff
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