Peloton Recalls Treadmill Over Safety Concerns
Peloton is recalling its treadmills over safety concerns after initially resisting pressure to do so.
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Biden Drops Trump-Era Rule on Gig Workers
The move is the latest signal that the Democratic administration is looking for ways to give workers employed by app-based services more leverage .
NYT’s Digital News Surge Peters Out
The New York Times' digital news subscriptions soared in 2020 but that growth appears to have all but disappeared so far this year.
Facebook’s Oversight Board Upholds Trump Ban, Calls for Review
The former president was banned from Facebook and Instagram in January.
iRobot Cuts Ties With Hong Kong Manufacturer Over China Tariffs
The move is a direct result of the U.S.-China trade war, which has made it more expensive for some American companies to import products from China to the U.S.
Lyft’s Revenue Shrinks 36% as Pandemic Ebbs
Lyft's business did better than executives had expected in mid-February.
Box Dismisses Call for Board Changes as Activist Battle Looms
After Starboard Value vowed to appoint more of its own directors, Box insists that its board is just fine as currently constructed.
Tiger Global Seeks $10 Billion For Next Growth Equity Fund
The firm, which closed on $6.7 billion last month, is already plotting its next raise.
Twitter Acquires Subscription News Service Scroll
The team will join Twitter to help develop its forthcoming subscription product.
Crypto Fund Multicoin Raises $100 Million
New York-based Multicoin Capital has raised $100 million for its second fund.
Alphabet Investor Asks Shareholders to Back Whistleblower Policy Report
Trillium Asset Management urged fellow shareholders to support a proposal seeking a review of Alphabet’s whistleblower policies.
TSMC to Build More Chip Factories in Arizona
The move comes after TSMC announced last year that it would build a $12 billion facility in Arizona beginning in 2021.
Fidelity Halves Valuation of Ant Group Amid Beijing’s Crackdown
The steep markdown from the U.S. shareholder comes as Ant faces a major restructuring after Beijing forced the fintech giant to scrap its IPO.
Bill and Melinda Gates to Divorce
Bill and Melinda Gates plan to divorce after 27 years of marriage.
Trial Documents Show Epic Financial Details
Documents submitted as part of the trial showed that Epic's revenue and profits have fallen sharply in the past two years.
Ex-Google Researcher Joins Apple
Samy Bengio is joining Apple weeks after he resigned from Google, where he’d worked for 14 years
Activist Investor to Push for More Board Seats at Box
Starboard Value is frustrated that Box hasn't improved revenue growth and profitability during the pandemic as other cloud software companies have done.
Taboola Under Criminal Antitrust Probe Over Hiring Practices
The disclosure comes eight months after Taboola’s merger with rival Outbrain was called off.
Verizon Sells Yahoo and AOL Businesses to Apollo
The sale crystallizes a 40% loss for Verizon on the purchase of the two companies that were early leaders in the internet but have long since faded.
Tesla Steps Up Government Relations Efforts in China
The move comes as the U.S. electric car maker grapples with Beijing's growing scrutiny and negative publicity in China's state media.
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