Indian Food Delivery Firm Zomato’s Stock Jumps in Market Debut
Zomato's strong market debut could pave the way for other unprofitable Indian tech unicorns that are preparing their IPOs.
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Snap’s Revenue Jumps 116%, Beating Expectations
The social media company has exceeded forecasts with major jumps in revenue and daily active users.
Twitter Reports 79% Revenue Growth in Q2
The growth rate was the fastest for Twitter since 2014 and reflects both the robust digital ad market compared with the pandemic-depressed second quarter of last year.
Index Ventures Raises $3.1 Billion Across Three New Funds
The London and San Francisco-based VC firm owns a stake in Robinhood worth approximately $3.4 billion.
Former CBS CEO, Executives Form SPAC
The new firm aims to differentiate itself among other media and tech SPACs in part by focusing on assets within existing media, telco and tech firms that could be carved out.
AT&T Sees Slowdown in Growth of People Signing Up for HBO Max
HBO Max saw only 2.3 million sign up for the service last quarter, down from 2.8 million the previous quarter.
China’s Regulators Weigh Serious Penalties for Didi
The regulators are weighing a range of potential punishments less than a month after Didi's controversial U.S. initial public offering.
Clearview AI Raises $30 Million From Investors Despite Controversy
New York-based Clearview, which sells facial recognition technology to law enforcement agencies, faces lawsuits and government investigations.
FTC Issues ‘Right to Repair’ and Merger Enforcement Policies
Both policies will lead to increased antitrust enforcement against technology companies.
Bustle Owner Buys More Websites
The deal reflects an effort by Bustle to add more scale before it tries to go public by merging with a special purpose acquisition company.
Salesforce Closes $27.7 Billion Acquisition of Slack
Nearly eight months after Salesforce announced plans to acquire Slack, the deal has finally closed, opening the door to a looming battle with Microsoft.
Apple Supplier Lens Technology Stopped Using Xinjiang Labor Last Year
The report provides fresh evidence of Lens’ involvement in labor transfers from Xinjiang and stands in contrast to Apple’s denial about the practice.
Beijing Orders Tech Giants to Remove Obscene Content Related to Minors
China's regulator has ordered Alibaba, Tencent, video app Kuaishou and others to clean up their content platforms.
Grocery Delivery App JOKR Raises $170 Million in Series A Funding
The round is one of the largest early-stage rounds ever raised and highlights investor bullishness for global grocery delivery businesses.
Netflix Loses Subscribers In North America
Netflix's second quarter results are the latest sign of how competitive the streaming market has become.
AT&T Looks to Sell Ad Unit Xandr
The deal is the latest to unwind a number of transactions made by former CEO Randall Stephenson.
Jonathan Kanter To Be Nominated to Run DOJ’s Antitrust Division
If Kanter is confirmed, there will opponents of the largest technology companies at the DOJ, FTC and White House.
YouTube Buys Simsim in Global E-Commerce Push
The deal is a sign of Google’s ongoing push to integrate e-commerce across its products worldwide.
Apple Eyes Leasing Production Space
Apple has made moves in recent weeks indicating it might be becoming more serious about the entertainment.
Comcast, ViacomCBS Discuss International Partnerships
The two companies are looking to gain scale as they seek to compete with the likes of Netflix abroad.
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