Nubank Valued at $30 Billion
Berkshire Hathaway has invested $500 million in the Brazilian fintech startup.
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The Information AM
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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Recent Editions
Tesla’s China Car Deliveries Jump in May After Factory Goes Back Online
Tesla's May deliveries, which are based on orders over the previous months, don't reflect a decline in May orders that The Information has reported.
Congressional Commission Calls on Apple to Take Steps to End Forced Labor Use by Suppliers
The commission cited a report last month in The Information, among other media outlets, for its statement.
Tesla Veteran and Head of Trucking Departs
Jerome Guillen, who is credited with helping steer Tesla past a rough patch in 2017, has left just three months after being appointed to head its heavy trucking unit.
Apple’s New Encrypted Web Browsing Feature Won’t Be Available in China
The move is likely due to China’s cybersecurity laws, which require authorities to be able to trace user internet activity and forbids it from being encrypted.
Alibaba Cloud to Set Aside $1 Billion for Asia’s Startups, Developers
The move is part of Alibaba Cloud's effort to expand its operations outside China, especially in Southeast Asia.
Chinese Lidar Maker Hesai Raises $300 Million From Hillhouse, Xiaomi
The fundraising comes as China's autonomous driving technology companies have been expanding their robotaxi pilot programs in the country.
Stitch Fix Revenue Surges 44% as Pandemic Lull Subsides
Online retailer Stitch Fix said its revenue jumped 44% as the company emerged from a pandemic lull in apparel shopping.
Samsung, NBCU Reach Deal on Peacock
The deal comes after months of negotiations over terms for Samsung to carry NBCU's Peacock streaming service.
Bezos to Fly on Space Flight July 20
The Amazon chief will travel with his brother on Blue Origin's first flight with passengers.
Google Agrees to $270 million Fine in French Antitrust Settlement
Google has made several commitments in order to settle the case, one of many antitrust challenges it faces globally.
Walmart’s India Unit Flipkart Seeks $40 Billion Valuation in $3 Billion Fundraising
Flipkart's previous plans to go public as soon as this year have been delayed by India's struggles to contain Covid-19.
Chinese Startup Under Investigation After Post on Tiananmen Anniversary
The social media account of Xiaohongshu was shut down after a post June 4 said ““Tell me loudly, what is the date today?”
Katerra Files for Chapter 11 Bankruptcy
It was the first time Katerra publicly acknowledged its potential shutdown, which The Information first reported last Monday.
Reid Hoffman’s SPAC Nears Deal with Aurora, a Self-Driving Truck Developer
Aurora needs more money after absorbing Uber's self-driving car unit.
Bill Ackman Proposes One-of-a-Kind SPAC Deal With Universal Music Group
The deal, which gives UMG an enterprise value of $43 billion, is structured as a stock purchase rather than a traditional blank-check merger.
Cisco Systems Shuffles Networking Leaders
As Cisco's business begins to show signs of recovering from the pandemic, a senior networking executive is taking a leave of absence.
Trump Ban to Stay in Place At Least Two Years: Facebook
Decision comes after Oversight Board criticized indefinite ban as “indeterminate and standardless."
Facebook Will Face UK and European Antitrust Probes Into Data Use
The probes are the latest in a series of antitrust actions against major tech companies in Europe and the U.S.
Meituan Founder Donates $2.3 Billion Amid Beijing’s Antitrust Probe
China's tech billionaires are coming under more scrutiny as Beijing tightens its control over the country's most powerful internet 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.
By providing your email, you agree to The Information’s Privacy Policy