The RealReal’s Revenue Jumps 82% but Losses Mount
Sales for the San Francisco-based luxury used goods site soared in the second quarter, but its store expansion sunk profits even further into the red.
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AWS Veteran Exec Charlie Bell to Depart
Charlie Bell, a 23-year Amazon veteran who oversees several different product teams at AWS, is leaving the company.
TikTok Owner ByteDance Denies Report of IPO Plan
ByteDance's IPO plans remain uncertain as Chinese internet giants grapple with Beijing’s regulatory crackdown and new data security requirements.
Beijing Court Sues Tencent Over Improper Youth Mode
The move comes amid a broad regulatory crackdown on Tencent and other Chinese tech giants.
Alibaba Fires Manager Accused of Sexual Assault Amid Public Outrage
Alibaba faces growing criticism that executives mishandled the case when a female employee reported that she had been sexually assaulted by her manager.
Alibaba Employee Accuses Manager of Sexual Assault
Alibaba said it has suspended the relevant parties suspected of violating its policies and is cooperating with the police investigation.
China’s Antitrust Regulator Plans to Fine Meituan $1 Billion
The penalty for the food delivery giant comes as China's government is stepping up its regulatory crackdown on internet companies.
Alibaba Warns of Higher Taxes Next Quarter
The move comes as the Chinese government stops designating some of its businesses as Key Software Enterprises amid a tightening regulatory environment.
Chinese State Media Say Online Platforms Need to Curb Celebrity Culture to Protect Children
The call comes after a critique of online gaming sent Tencent share prices falling earlier this week.
FTC Tells Facebook Its Justification for Cutting Off Researchers is ‘Inaccurate'
The move escalates an already tense relationship between Facebook and the FTC.
Amazon Delays Return to Office Until 2022
The company had planned to have office workers return in September, but the recent surge in Covid cases has scuttled those plans.
Robinhood Investors File to Sell Nearly 100 Million Shares
The secondary sale relates to Robinhood's emergency capital raising in February.
ByteDance to Shut Down Tutoring Apps, Lay Off Staff
TikTok owner ByteDance has focused on education as part of its effort to find new sources of revenue growth in addition to its lucrative online ads.
Walmart’s Flipkart May Face $1.35 Billion Fine
Reuters cited sourcing as saying the company could be fined for violating India’s strict rules over foreign investment in online marketplaces.
Tencent’s WeChat Resumes User Registrations After Nine Days
The resumption comes as the company has been battered by state media and other new regulations criticizing online gaming and its harm to China’s youth.
Uber Posts $1.2 Billion Operating Loss, Discloses DoorDash Comparison
Finally, it's possible to start comparing Uber's U.S. and Canada food delivery business to that of market leader DoorDash.
Alphabet Approves 85% of Employee Requests for Relocation, Remote Work
The Google parent’s return to the office has been complicated by the Delta variant and changing worker preferences for how and where they do their jobs
Robinhood Labeled a ‘Meme Stock’ Amid Trading Halt
This morning, shares of Robinhood briefly rose more than 100% from the stock-trading app's IPO price.
Former Facebook Exec Carolyn Everson Joining Instacart as President
The appointment means three key leaders at Instacart are women who came over from Facebook.
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