NBCU’s Peacock Lost $700 Million in 2020
The company's theme park and theatrical business continued to get hit by closures resulting from COVID-19, but broadband business grew.
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Robinhood, Other Brokerages Restrict Trading in GameStop, AMC
The trading halt comes after wild swings in the prices of shares bid up by retail investors.
Samsung Posts Higher Operating Profit in Fourth Quarter
While Samsung's profit in the most recent quarter was up when compared with the year-ago period, it forecasted weaker sales in the first quarter of 2021.
Ant Group Plans Major Revamp Amid Beijing’s Pressure
Ant, which suspended its $37 billion IPO last year, now plans to turn itself into a holding company supervised by China's central bank.
Didi Raises $300 Million for Autonomous Driving Unit
The announcement comes soon after the Chinese ride-hailing giant said it had raised $1.4 billion for its new freight business.
Apple Sees Revenue Boom From iPhone, China Sales
Booming sales of iPhones and services, along with a giant surge in business in China, helped Apple deliver a record holiday quarter.
Facebook Grows Revenue 33%, Warns of ‘Significant Uncertainty’
Facebook grew its total revenue in the fourth quarter by 33% to $28 billion, beating estimates. But changes by Apple could hurt its business in the future.
Amazon Plots Further European Expansion With Polish Store
Amazon said it will open a dedicated online store for Poland, continuing a European expansion in the face of antitrust charges from the continent’s regulators.
AT&T Books $15.5 Billion Charge on DirecTV
The telecommunications giant was hoping to have announced a sale of the business by end of last year, sources said.
ByteDance Lays Off Staff in India After Government Extends Ban
TikTok's owner, which had kept some 2,000 employees in India hoping that a ban in one of its biggest market by users would be lifted, told employees it's not hopeful of a change.
China Central Bank Chief: Ant IPO Could Resume Once Problems Solved
While Ant could be allowed to go public in the future, it is unclear how long it will take for the company to resolve all the issues with regulators.
Microsoft Shares Jump on Pandemic-Related Gaming, Cloud Sales
As the pandemic drags on, Microsoft customers are adopting more of its software and cloud services, CEO Satya Nadella said on an earnings call.
Elon Musk Feuds With Amazon Over Satellites
SpaceX and Amazon are fighting in front of federal regulators and on Twitter over their competing satellite internet efforts.
Twitter Buys Newsletter Service Revue
Demand for newsletters and other businesses that enable writers, artists and other creators to connect directly with fans has surged during the pandemic
Amazon to Hire 3,000 New Corporate Employees in Boston
Amazon on Tuesday announced plans to hire more than 3,000 new employees in Boston over the next several years.
Stripe-Backed Payments Startup Raises $102 Million
The San Francisco-based startup develops technology to enable quick checkouts online.
Google Won’t Make Donations to Lawmakers Opposing Election Results
Google's stance puts pressure on other tech companies to withdraw their financial support from Republicans who opposed certifying President Biden's election.
China’s Didi Chuxing Raises $1.5 Billion for New Freight Business
Didi had aimed to raise only $400 million but was able to raise far more from investors.
SoftBank-Backed Travel Startup Klook Raises $200 Million
Hong Kong-based Klook's fundraising comes as the pandemic has dealt a severe blow to the industry.
Twitter’s Birdwatch Program Asks Users to Debunk Tweets
The program has the potential to drastically change the social network’s approach to combating misinformation and other harmful content.
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