SoftBank Reports Yearly Profit of $47 Billion
The earnings are a dramatic reversal from the previous year’s loss. But the growth could be difficult to sustain given the recent slide in tech stocks.
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Court Overturns Amazon’s $300 Million European Tax Bill
The ruling reverses a 2017 decision from the European Commission to charge Amazon with hundreds of millions in unpaid taxes.
Chinese Social Network Soul Files for Nasdaq IPO
The company is seeking to raise $100 million in the listing, according to reports.
Xiaomi Removed From U.S. Blacklist
The Chinese smartphone maker was taken off the blacklist after it sued the U.S. government.
U.S. Lawmaker Presses Apple Over Suppliers’ Use of Forced Muslim Labor
The letter comes after The Information reported this week that seven suppliers were involved in alleged forced labor programs involving workers from Xinjiang.
Mortgage Startup Better Announces SPAC Merger, SoftBank Investment
Better, which mostly sells mortgages and other home equity products, has benefitted from a booming home-buying market.
Facebook Ordered To Stop Processing WhatsApp Data In Germany
A regulator in Germany has ordered Facebook to stop processing WhatsApp data in the country for use with its main social media platform.
Cloud Startup CircleCI Raises $100 Million at $1.7 Billion Valuation
The round illustrates investors' growing interest in tools that help teams of developers manage code changes for cloud apps.
Motion to Dismiss Ruling Expected in June for FTC, State AG Antitrust Cases Against Facebook, Judge Says
US District Judge James Boasberg says Facebook raises ‘serious challenges’ to the lawsuits.
RealReal to Expand Store Opening Plans
The online luxury used goods retailer is taking advantage of favorable commercial lease terms by expanding its selection of smaller, neighborhood stores.
Palantir Reports 49% Revenue Growth for Q1
Palantir’s strong topline growth is a continuation of last year, when revenue rose 47% for the full year. A weaker performance in 2019 had raised questions about Palantir’s prospects ahead of its public listing last fall.
Coinbase Shortens Equity Vesting Period
Coinbase is joining the list of tech companies awarding equity grants that vest in one year.
Meituan, Pinduoduo Face Consumer Group Criticism Amid China’s Crackdown
The latest challenge comes as Meituan grapples with Beijing's antitrust probe and a recent controversy over its CEO's social media post.
Autonmous Truck Developer Plus Says Will Merge With a SPAC
The company said the deal is expected to close in the third quarter and marks the second autonomous truck developer to go public.
IPhone Production in India Slides Due to Covid
Apple has ramped up production for some phones to sell in India, but Covid is devastating its workforce.
China’s Population Growth Slowed
China’s population grew at the slowest rate since the 1950s, a development with implications for business growth.
Pentagon Considers Killing JEDI Cloud Computing Project
The $10 billion contract was awarded to Microsoft in 2019 and stalled by lawsuits from rival Amazon.
Scooter Startup Bird Preps SPAC Merger
Long gone are the days when scooter startups were the darling of the venture capital world. Now, SPACs have emerged.
Attorneys General to Facebook: Abandon Plans for Instagram for Kids
State attorneys general argue a new version of the platform would be harmful to children.
China Fines Two Online Education Apps for Misleading Consumers
The fines against Tencent-backed Yuanfudao and Alibaba-backed Zuoyebang comes as regulators take sweeping action against online enterprises.
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