Coupang Sets IPO Pricing Range
The Korean e-commerce firm could be valued at $49 billion in the public markets.
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The Information AM
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Biden Backs Unionizing Amazon Warehouse Workers
President Joe Biden on Sunday expressed support for Amazon workers at a facility in Alabama who are in the midst of a historic unionization vote.
Zoom Video Reports Big Increase in Revenue and Profits for Q4
The videoconference company finished January with $4.2 billion in cash, positioning it to expand into new markets.
Black AWS Manager Sues Amazon Alleging Racial Discrimination, Sexual Harassment
A senior manager at Amazon Web Services filed a federal discrimination suit against the company Monday alleging racial and sexual discrimination.
Skydio Becomes First U.S. Drone Maker to Hit Unicorn Status
Andreessen Horowitz led the $171 million investment that valued the California-based hardware company at more than $1 billion.
Another Hong Kong Tycoon Looks to Raise Money Via a U.S.-Listed SPAC
Adrian Cheng, CEO of real estate-to-infrastructure conglomerate New World Development Co., is in early talks to launch a blank check company to raise as much as $400 million.
China Insurer CEO Says Beijing’s Fintech Crackdown Not Surprising
Everyone in China's internet finance sector, including Ant Group, knew tighter rules were coming, a Ping An Insurance executive says.
China’s R&D Spending Reached Record in 2020
The record spending comes as China moves to become more self-sufficient in areas such as chip development amid a trade war with the U.S.
Roblox Pitches the Metaverse Ahead of Public Listing
“Our vision is that billions of people from around the world will come to Roblox to do stuff together,” CEO David Baszucki said.
Disney Reportedly Reaches Agreement for NFL Renewal
The new deal would be 30% more expensive than the last deal Disney signed with the league.
Ex-Amazon Studios Executive Claims He Was Fired for Upgrading Airline Ticket
Amazon's frugal policy around travel runs in the face of an industry practice of giving executives nice perks.
Facebook Ends Australia News Blackout After Striking Deal With Local News Publishers
Facebook lifted the week-old news ban a week after Australia made changes to a law that allowed the social network more time to negotiate with news outlets for content deals.
ByteDance OKs $92 Million Settlement of Lawsuit Claiming It Violated Teen Users’ Privacy
A judge has yet to sign off on the agreement, which would close the class-action lawsuit filed on behalf of minors as young as 8 years old.
Former Kuaishou Executive Arrested for Alleged Corruption
The news comes after the Chinese video app's hugely successful Hong Kong IPO earlier this month.
Startup Otter.ai Raises $50 Million, Hires Chief Marketing Officer
With work meetings now happening online, Otter.ai has emerged as a popular way for people to document important details.
VC Firm Bessemer Hires Amazon Veteran Jeff Blackburn
Blackburn first joined Amazon in 1998.
Salesforce Revenue Grows 20%, Benioff Says Online Sales Paying Off
Revenue growth this quarter was the same as last quarter, illustrating why the subscription sales model has become popular with investors.
DoorDash Reports Strong Growth But Cash Burn in Q4
The results showed that DoorDash's marketing costs continued to tick up, raising questions about how the company will fare once the pandemic ends.
U.S. Travel Helps Airbnb Beats Expectations in First Quarterly Earnings
The company's full-year results demonstrate how the year didn't turn as dire for its business as Airbnb feared during the early days of the pandemic.
AT&T Confirms Sale of 30% of DirecTV to TPG
The deal is the first step toward AT&T disentangling itself from the disastrous DirecTV purchase, made in 2015.
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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