Shopify’s Revenue Grows 56% in Q2
The results show how the ecommerce software firm is benefiting from the surge in online shopping.
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Airbnb Grilled By Lawmakers Over China Olympics Sponsorship
The move could spell trouble for foreign tech brands such as Samsung and Intel that are either sponsoring or advertising during the upcoming Winter Olympics.
Record Alphabet Earnings Fueled by Retail Ad Surge
The Google parent benefited from strong ad budgets and a pandemic-spurred shift to more online activity
Apple Posts 36% Growth in Revenue
The iPhone maker warned that revenue growth would be slower in the September quarter, in part due to supply constraints affecting the iPhone.
Microsoft Sales Jump 21%, but Shares Dip on Windows, Surface Concerns
Microsoft turned in a solid performance to close out its fiscal year, but shares dropped nearly 3% due to apparent concerns over the global chip shortage.
Amazon, Walmart, Take Antitrust Fight to India’s Supreme Court
The companies have futilely fought to quash a probe by Amazon’s antitrust agency.
DataRobot Raises $300 Million, Acquires AI Startup Algorithmia
DataRobot continues to make big moves following the recent departures of its co-founders, showing that investors haven't lost interest despite recent turmoil.
Tencent Temporarily Suspends New User Registration for WeChat
Even a temporary suspension of new user registrations would be unprecedented for the social messaging app, which counts more than 1.2 billion users.
Intel to Make Chips for Other Customers Such as Qualcomm, Amazon
The move will help it catch up to rivals TSMC and Samsung, which have taken the technological lead in chip making .
Tesla’s Profit Soars in Q2 on Sharply Higher Revenue
The automaker kept a lid on expenses, so its revenue translated into net income of $1.1 billion, compared to $104 million a year earlier.
Thoma Bravo Taking Medallia Private in $6.4 Billion Deal
The market for software that companies use to gather feedback from customers and employees has significant promise but has been slow to take off.
Facebook Reality Labs Announces ‘Metaverse Product Group’
The shakeup was detailed in a post Monday
China Says Food Delivery Drivers Must Be Paid Minimum Wage
Shares in China’s food delivery app Meituan fell sharply after China issued a warning that food delivery drivers must be paid minimum wage.
ThredUp Expands Into Europe With Bulgarian Acquisition
ThredUp is buying Remix, which allows customers to buy and sell previously owned merchandise and collects a fee from transactions processed on its platform.
Tencent Barred From Exclusive Music Copyright Agreements
Tencent was ordered to give up exclusive music streaming rights and pay a fine by China’s market regulators.
China’s Tutoring Ban Could Deal Death Blow to Online Education
Beijing's new rules ban tutoring firms that teach the school curriculum from raising funds or going public.
Electric Truck Maker Rivian Raises $2.5 Billion Round
Electric truck maker Rivian said it has raised $2.5 billion in a new round led by Amazon and others.
EU Gearing Up for Lengthy Probe of Facebook’s $1 Billion Kustomer Deal
Europe adds to the antirust headaches for the companies, following an in-depth FTC review in February.
AWS Accused of Gouging Customers for Networking Bandwidth
The costs of moving data out of AWS are again in the spotlight, as an industry executive calls out the cloud provider for overcharging customers for bandwidth.
Alphabet ‘Moonshot’ Robotics Startup Graduates
The startup focused on industrial robotics software joins a stable of Alphabet-backed startups that have struggled to generate revenue
Weekday mornings
The Information AM by The Information Staff
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