Discord Raising New Funding At $15 Billion Valuation
Dragoneer will lead a $500 million investment in the voice and text chat app popular with videogamers and GenZ.
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Alibaba-Backed Grocery App Scales Back Operations, Lays Off Staff
Nice Tuan's decision to cease operations in some cities comes as Beijing's regulatory crackdown has affected the fast-growing online grocery sector.
Google Trial Lawyer: Fired Employees Accessed Confidential Information
At a trial before a federal administrative law judge, Google and U.S. government lawyers argued over the degree to which the law protects employees who access corporate documents.
Warby Parker Files to Go Public
Warby Parker filed to go public through a direct listing, revealing in its paperwork the severity of the pandemic's impact on its business.
Waymo Starts Testing Self-Driving Car Rides For San Francisco Public
The autonomous vehicle company’s testing program is an incremental step on the long road to offering transport services in the city.
TikTok To Offer In-App Shopping With Shopify Partnership
In partnership with Shopify, TikTok is among a growing list of social media platforms to venture into e-commerce with its new in-app shopping feature.
Pinduoduo Unveils $1.5 Billion Donation Program Amid Beijing’s Crackdown
Chinese internet giants are launching new charity and social responsibility initiatives that are in line with the Beijing's policy goals.
AMC Networks CEO to Step Down
Josh Sapan will transition to the role of executive chair of AMC Networks, raising questions if the company might be in play as an M&A target.
Connected TV Maker Vizio Sees Upfront Ad Boost
The TV manufacturer is aiming to compete with Roku and Amazon as a streaming distribution platform and ad seller.
U.S. SEC Will Require Chinese Companies to Disclose More Risks
The tougher requirements come after Chinese regulators slammed Didi Global just after it listed, sending its share price tumbling.
South Korea to Let Google, Apple Users Avoid In-App Commissions
The move comes as regulators around the world tighten scrutiny of big tech firms, which have focused on antitrust issues.
AWS Sales Exec Rosecrans Departs for Job at Stripe
Scott Rosecrans, a rising star at AWS who worked with former CEO Andy Jassy to negotiate deals with large customers, is leaving after five years.
Startup Valuations Continue Historic Rise
The average valuation for a late-stage startup in the U.S. reached $914 million in the first half of the year.
Taiwan Tells Washington Auto Chip Shortage Likely to Abate By Year-End
The move comes after U.S. senators from Michigan and Ohio—two auto manufacturing hubs—asked Taiwan to help ensure chip supplies.
Tencent-Backed Chinese Comic Reading App Raises $240 Million
Kuaikan's new funding round comes despite the Chinese government's escalating crackdown on internet platforms.
Crypto Mining Moves Out of China
As China continues to crackdown on energy-burning servers farms minting bitcoin, the miners are moving to places like North America.
Facebook Releases Report on Popular Posts After Previously Shelving It
Facebook's alleged cover-up of the report may cause more policymakers to view the company as being motivated by its own self-interest, not by notions of transparency.
California Judge Strikes Down Uber-Backed ‘Gig Worker’ Law Passed By Voters
The worker reclassification fight goes on, but Uber said it expected to win the case on appeal.
GM Doubles Chevy Bolt Recall to 140,000 Vehicles Over Battery Fire Concern
It also raises questions about the formulation used in the batteries of both the GM and Hyundai EVs—nickel-manganese-cobalt.
Amazon to Open Department Stores
Brick-and-mortar Amazon stores may soon be coming to a town near you
Weekday mornings
The Information AM by The Information Staff
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