SoftBank Invests $250 Million in Fintech Startup Zeta
The latest investment by SoftBank's Vision Fund 2 values the banking technology startup at $1.45 billion.
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Airbnb Launch Lesson: App Tweaks, not Splashy New Product
The travel site on Monday unveiled a change to its app that aims to give customers more suggestions about destinations they might like to explore.
ByteDance Rival Kuaishou’s Revenue Grows 37% As Ad Sales Surge
Rapid growth of Kuaishou's ad business shows how the Chinese online video company is stepping up its battle against ByteDance.
Bitcoin Falls After Crypto Miners Say Will Halt China Operations
The drop comes after China’s top government body for the first time targeted crypto mining in the country, which accounts for 70% of global bitcoin supply.
Indonesia’s GoTo Group Plans New Fundraising After $18 Billion Merger
GoTo's pre-IPO fundraising plans come as the company is looking to go public by the end of this year.
China Crackdown Renews Bitcoin Slide
The Chinese government’s latest call for bitcoin restrictions capped off a rough week for cryptocurrencies.
Judge to Tim Cook: You Don’t ‘Feel Pressure or Competition’ to Address Developer Concerns
Tim Cook was on the witness stand today as the trial in Epic Games’ antitrust case against Apple nears an end.
Google Closes Door to DeepMind Independence
The AI unit had been negotiating with its parent company for more autonomy.
Amazon to Shut Down ‘Prime Now’ Ultrafast Delivery App
Amazon is sunsetting its Prime Now app and website, and will be merging the ultrafast delivery service into the core Amazon site.
Snap to Acquire AR Display Maker WaveOptics for More Than $500 Million
The purchase is a major move by Snap to secure its future in augmented reality.
SoftBank Vice Chairman Ron Fisher to Step Down From Board
The 73-year-old Fisher has been SoftBank founder Masayoshi Son's longtime lieutenant in global acquisitions of Sprint and other companies.
China Says ByteDance, Kuaishou and Microsoft’s LinkedIn Illegally Collected Personal Data
China's internet regulator said they were among 105 apps found to be violating privacy laws and had 15 days to fix the problems.
Mobile Game Maker Jam City to Go Public Through SPAC Merger
The mobile games maker Jam City will go public through a merger with DPCM Capital, a special purpose acquisition company.
Crypto Prices Stabilize After Slide
The price of bitcoin stabilized Thursday following a sharp move lower the previous day. The cryptocurrency’s value has fallen some 30% in the past month.
German Brokerage App Trade Republic Gets $5.3 Billion Valuation
A German-made alternative to Robinhood, Trade Republic, was valued at $5.3 billion in a Series C funding round led by Sequoia.
Google to Open First Brick-and-Mortar Store
The move makes Google a curator of its products in a way that it has previously left to wireless carriers and electronics stores.
Malone May Sell Control of QVC and HSN to Maffei
The deal is motivated by potential changes to tax laws but also appears to be the latest step in the unwinding of Malone's vast business empire, coming days after Malone agreed to give up his supervoting shares in Discovery.
Tencent Reports Solid Earnings Amid Concerns Over Beijing’s Crackdown
The biggest concern for investors right now is the Chinese government's continued regulatory crackdown on the tech sector and how it will affect Tencent.
U.S. Companies Lobby for Early Release of Jailed Samsung Boss to Ease Chip Shortage
The American Chamber of Commerce urged South Korea to pardon Samsung chair Lee Jae-yong and release him from prison.
ByteDance Founder to Step Down From CEO Role
Zhang Yiming said he would step back from day-to-day management to focus on the company’s longer term initiatives and social responsibility.
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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