Facebook U.K. Staff Earned Average of £234,000
Facebook’s U.K.-based employees earned an average of £234,000 each in compensation during 2019, up nearly 7% from the prior year.
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Recent Editions
Dating App Bumble Confidentially Files for February IPO
Bumble could seek a public market valuation of $6 billion to $8 billion.
Rupert Murdoch Gets Covid Vaccine in U.K. Countryside
Murdoch is one of a number of prominent people in Britain to get the vaccine.
Sony Pulls ‘Cyberpunk 2077’ From Digital PlayStation Store
The move is a major black eye for the game's developer, CD Projekt Red, and could also hurt sales of Sony's current and next-generation consoles.
Investor Group Led by Tencent Raises Stake in Universal Music
The investment will likely help get Tencent Music more favorable licensing agreements as Universal is one of the world’s biggest record companies.
U.S. Blacklists Top Chinese Chip Manufacturer
The decision comes as President Trump ratchets up pressure against key Chinese industries on his way out of office.
Discord Valuation Jumps to $7 Billion in New Funding Round
The chat-based social network for gamers has raised $100 million in a new funding round led by Greenoaks Capital.
Microsoft Reportedly Breached in Cyberattack on Government Agencies
Software giant denies that its products were breached by hackers to carry out additional attacks.
Software Firm UiPath Files Confidentially for IPO
The fifteen-year-old company, which laid off more than 10% of its staff last November, develops software for automating business tasks.
Poshmark Files to Go Public
Poshmark, an online marketplace for secondhand apparel, filed to go public on Thursday.
Alphabet’s Verily Raises $700 Million to Battle Covid-19
New funding underscores Verily's status as one of the tech companies leading the battle against Covid-19.
Coinbase Confidentially Files to Go Public
The big cryptocurrency trading platform would be one of the most closely watched companies to hit the public market in early 2021.
State Prosecutors Target Google’s Search Business
A bipartisan group of state prosecutors allege that Google undermines rivals such as Bing and is seeking to expand its search dominance in new technologies.
Amazon Illegally Fired Protesting Warehouse Worker, NLRB Says
Amazon illegally retaliated against a New York City warehouse worker who led a protest with his coworkers to improve working conditions, a National Labor Relations Board investigation found.
Vice Joins OnlyFans With Its Food Channel
The company says it's the first publisher to join the platform known for adult entertainers.
Robinhood to Pay $65 Million in SEC Settlement
The settlement resolves Robinhood’s failure until 2018 to disclose how it makes money from its dealings with high-speed trading firms.
Europe Approves Google’s Fitbit Acquisition
Google promised not to place new restrictions on other wearables, while the company also committed not to use data from Fitbit devices in its advertising business.
Didi’s Logistics Unit Seeks as Much as $400 Million in Fundraising
The unit, known as Didi Freight, is an Uber for trucks and comes as the coronavirus pandemic has accelerated Chinese consumers’ shift to e-commerce.
Alibaba Website Talked About Software’s Ability to Detect Uighurs
The Trump administration has stepped up its scrutiny of Chinese tech companies' potential roles in Beijing's repression of Uighurs.
Amazon to Provide Healthcare Services to Other Companies
A secretive Amazon initiative intends to provide virtual and in-person primary care services to employees at other large companies.
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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