China Will Ban Companies From Listing on Foreign Exchanges Using VIEs
The move would close a loophole used for two decades to circumvent a ban on foreign investment in internet companies.
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SoftBank Invests $150 Million in South Korean Metaverse App
SoftBank's latest deal comes as global tech giants are ramping up their investments in products and services related to the metaverse.
Allbirds’ Revenue Rose 33% in Q3
The online sneaker seller grew revenue in the third quarter but widened losses as it expanded its brick-and-mortar footprint.
Grab to Begin Trading Thursday After SPAC Shareholders Approve Merger
The merger, first announced in April, valued the Singapore-based company at nearly $40 billion and will provide Grab with $4.5 billion in cash.
Salesforce Promotes Bret Taylor to Co-CEO
Taylor, who joined Salesforce five years ago in its acquisition of his startup Quip, moves higher in Salesforce's executive ranks.
AWS and Nasdaq’s Stock-Trading Project Steals Show at Re:Invent
AWS and Nasdaq are teaming up to solve the network lag issues that have hindered high-frequency stock trading in the cloud, according to CEO Adam Selipsky.
David Marcus to Leave Facebook-Parent Meta Platforms
David Marcus, head of Meta Platforms' crypto efforts, is leaving the company.
ViacomCBS Exec Kelly Day Departs for Amazon
Global expansion is "essential" to the future growth of Amazon Prime Video, the division's head, Mike Hopkins, said in a memo to staff.
NLRB Judge Criticizes Google’s Efforts to Shield Union-Busting Documents
Google must share dozens of subpoenaed documents it claimed were privileged after an NLRB judge’s review found that they did not deserve such protection
UK Orders Meta to Sell Giphy
Meta, formerly Facebook, had completed the $315 million deal but hadn't integrated Giphy while the antitrust probe was underway.
China’s Government Proposes Rules to Protect Ride-Hailing Drivers’ Rights
The new guidelines come amid the Chinese government's harsh regulatory crackdown on ride-hailing giant Didi Global.
Hashicorp Sets Pricing Range Valuing it at $13.5 Billion
The proposed pricing range is more than double the valuation at which Hashicorp last raised money privately.
Clearlake Capital Group Acquiring Quest Software for $5.4 Billion
Quest Software was once a key part of Dell Technologies' strategy to offer both software and hardware, and now it's focusing on identity management.
Bannon Benefitted From Google Ads Loophole
Former Trump advisor Steve Bannon’s website found a way to collect ad revenue from Google despite being banned from YouTube, ProPublica found
Dorsey Steps Down as Twitter CEO
Dorsey has been CEO since 2015, presiding over an uneven performance in the company's revenue growth.
U.K. Regulator Expected to Block Meta’s Acquisition of Giphy
Meta has completed the $400 million deal but hasn't yet integrated Giphy while the investigation was underway.
Disney+ in Hong Kong Drops ‘Simpsons’ Tiananmen Square Episode
It appears to be a case of self-censorship in the wake of a stringent national security law and a film censorship law in the territory which is ruled by China.
Tech Stocks Fall as New Covid Variant Leads to Market Sell-Off
Tech stocks dropped sharply amid a market-wide sell-off on Friday triggered by news of a new Covid-19 variant discovered in South Africa.
Italy Fines Google And Apple In Latest US Tech Fines
The latest fines show that U.S. tech firms will continue to be penalized by individual European nations in addition to the European Commission.
Quarterly Results From Meituan and Pinduoduo Highlight Challenges for China Tech
Chinese tech giants are grappling with the country's slowing economic growth and Beijing's harsh regulatory crackdown on the internet sector.
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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