Social App IRL Raises From SoftBank at $1.2 Billion Valuation
The teenage messaging app is one of Softbank’s first major social media investments since ByteDance.
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U.K. Regulators to Examine if Google and Apple Run Smartphone Duopoly
Antitrust authorities will examine whether the two companies are effectively a duopoly in mobile phones with Android and iOS, the two dominant operating systems.
E.U. Court Says Facebook Can Be Pursued by National Data Agencies
The E.U. Court of Justice ruled that Belgium could pursue an investigation into Facebook despite the social media giant being headquartered in Ireland.
SoftBank Leads $360 Million Funding Round for Singapore’s Carro
Carro's new round is the latest indication of how Southeast Asia's e-commerce sector is attracting more money from global investors.
India to Accelerate Amazon and Flipkart Antitrust Investigations
The investigations have resumed after a court rejected efforts by Amazon and Walmart’s Flipkart to block them.
Major Revisions to Apple Watch Pushed to 2022 and Beyond
The Apple Watch hasn’t achieved the same level of popularity as the iPhone and still can’t be used independently of Apple's flagship device.
Online Grocer Boxed to Go Public Via $900M SPAC Deal
The merger with special purpose acquisition company Seven Oaks Acquisition would reportedly value Boxed at just under $900 million.
YouTube Blocks Certain Ads From Masthead
YouTube will no longer allow ads at the top of its homepage featuring gambling, political content, prescription drugs or alcohol.
Supreme Court Gives LinkedIn Another Shot in Data Collection Case
The Microsoft-owned social media giant wants to make it illegal for others to gather personal data from users' public profiles.
Two Top Execs Resign From Lordstown Motors Following Misleading Disclosures
The electric truck maker’s CEO Steve Burns and CFO Julio Rodriguez stepped down after the board concluded the company disclosed inaccurate information about truck pre-orders.
Thrasio in Talks to Go Public Via SPAC Merger
FBA rollup darling Thrasio is in talks to go public by merging with a blank-check company led by Michael Klein, Bloomberg reported Friday.
Facebook Acquires Game Maker BigBox VR
Facebook's Oculus unit has acquired BigBox VR, a Seattle-based developer behind the virtual reality games Population: One.
Palo Alto Networks Switches Chief Marketing Officers
Network security company, whose software protects companies from sophisticated cyberattacks, says it made the change in April.
House Lawmakers Introduce Bipartisan Bills to Curb Big Tech
The legislative proposals take aim at Google, Facebook, Apple and Amazon.
Congress Working on Legislation to Break Up Amazon, Apple and Others
House lawmakers are working on legislation that could force the largest technology companies to sell key assets or split into separate companies.
1800Contacts Defeats FTC Antitrust Case Over Online Search Ads
The federal appeals court ruling is part of a string of defeats for the FTC.
U.K. Regulator to Oversee Google Web-Tracking Changes
Google has promised not to give itself an unfair advantage once third-party cookies are phased out in Chrome.
Didi Chuxing Stops Consolidating Loss-Making Grocery Unit Into Earnings
Without the online grocery business, Didi's operating loss could narrow, starting with the quarter through June.
Didi Chuxing’s IPO Filing Shows Fast Rides Growth, Puzzling Financial Reporting
Didi made it exceedingly difficult for investors to compare its business to Uber's and Lyft's.
Bitcoin 2021 Might Have Been a Covid Super Spreader Event
The conference, attended by more than 12,000 participants, took place in a tightly packed warehouse where mask usage was negligible. There were also complaints about long, crowded lines.
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