U.S. Won’t Impose Investment Ban on Alibaba, Tencent and Baidu
In the final week of his presidential term, President Trump backs off a proposal to ban U.S. investment in some of China's most highly valued companies.
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Sequoia’s Doug Leone Says He No Longer Supports Trump
The longtime managing partner at Sequoia Capital has publicly condemned the attack on the U.S. Capitol.
Alphabet Backs Webflow at $2.1 Billion Valuation
Website-design software maker Webflow has raised a $140 million Series B.
Affirm Stock Opens 86% Above IPO Price
Affirm opened at $90.90, adding fuel to the debate over IPO underpricing.
Icon Health and Fitness Hires CFO
The company’s appointment of Steven Barr is a sign the company is looking to go public this year.
Dropbox Lays Off 11% of Global Staff, COO Departs
Despite upgrading its core file-sharing service and branching out into new areas of remote work such as digital signatures, Dropbox is still struggling.
Airbnb Pulls D.C. Reservations for Inauguration Week
The move goes farther than Airbnb's previous efforts to assure lawmakers and the media that the homes on its site wouldn't harbor right-wing extremists.
Qualcomm to Acquire Chipmaker Startup for $1.4 Billion
The acquisition of Nuvia is aimed at giving Qualcomm an edge in 5G networking technology.
Intel Ousts CEO Bob Swan
The chief executive, in the top job for only two years, will be replaced by current VMWare CEO Pat Gelsinger.
Chinese Facial Recognition Software Company Seeks Domestic IPO After U.S. Sanctions
Megvii, owner of Face++ had initially sought a listing in Hong Kong before it was put on a U.S. blacklist.
AWS Said It Repeatedly Warned Parler About Posts Urging Murder
No matter what happens with Parler, sooner or later the U.S. Supreme Court will be asked to consider a lawsuit filed by a "de-platformed" conservative-leaning figure or app as a test case of Big Tech’s influence over content.
YouTube Blocks New Trump Videos for at Least a Week
It's the latest effort by an online content platform to limit the president's reach as he continues to lie about the election results following last week's deadly attack on the U.S. Capitol.
Affirm Is Said to Price IPO at $49
That’s above Affirm’s initial pricing range of $41 to $44, which had already been raised once.
Several Hot Tech Stocks Reach All-Time Highs
DoorDash, Asana, Uber, Pinterest and Snap all closed at their highest prices ever.
Stripe Hires LinkedIn’s Ex-CMO to Lead Communications
At LinkedIn and OpenTable, Shannon Brayton managed communications during the startups’ IPOs.
Three Cloud Firms Issue Convertible Notes and Bonds
DocuSign, Crowdstrike and Box all decided to cushion their balance sheets this week.
Visa Calls Off Purchase of Plaid Following Antitrust Scrutiny
The news comes one year after Visa first announced the $5.3 billion acquisition.
Netflix Announces Beefed Up 2021 Film Slate
The company says it will be debuting a new movie a week for the year.
GitHub Fires Jewish Employee Who Described Capitol Rioters as ‘Nazis’
GitHub, which is no stranger to controversy, is facing a backlash from employees stemming from last week's riots in Washington, D.C.
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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