San Francisco Voters Approve Tax Increase on Tech Companies
The city estimated that companies in software and technology industries would have to pay 15% higher tax rate starting by 2023.
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California Commercial Property Tax Increase Trailing
The measure, supported largely by labor organizations, was funded in part by $11 million from Mark Zuckerberg.
Palantir in Talks to Help Save U.K.’s Covid Data Problems
The U.K. government has reportedly asked Palantir for help in fixing problems with its coronavirus tracking data.
With Millions of Votes Still Not Tallied, Trump Falsely Declares Victory
Both Democrats and Republicans condemned Trump, who also falsely claimed election fraud.
Alibaba Stock Plunges After Ant Group IPO Suspended
Ant's IPO would have valued Alibaba's stake in the financial technology giant at about $100 billion.
Twitter, Facebook Label Trump’s Election Night Posts
Both social networks had instituted policies to label posts that contained inaccurate information about the voting process in the run-up of what was likely to be a close race.
Uber, Lyft, DoorDash Win High-Stakes California Ballot Initiative
A huge sigh of relief for "gig economy" companies.
Comcast in Talks to Partner with Walmart on Smart TVs
Such a deal would pose serious competition for the likes of Roku, a leader in the streaming video space.
AT&T in Talks to Sell Big Stake of Pay TV Operations to Private Equity
AT&T is in talks with a number of private equity firms including Apollo Management.
Robotics Startup Kindred AI Acquired for $262 Million
British online grocery firm Ocado Group has acquired Kindred AI, which developers industrial robotic arms for use in e-commerce warehouses.
SoftBank, Mubadala Double Down on Parking Lot Bet
The financing accompanies an additional $300 million real estate fund that Reef spun up with asset management giant Oaktree Capital Management.
Fox Corp Reports Drop in Ad Revenues
TV companies have mostly reported lower ad revenues for the September quarter, a contrast to the better than expected ad growth reported by tech firms such as Alphabet, Facebook, Pinterest and Snap.
China’s Regulators Halt Ant Group’s $37 Billion IPO
China's stock market operator said Ant may not meet listing qualifications due to significant changes in regulations in the industry.
Autonomous Driving Startup Pony.ai Teams Up With Chinese State-Owned Carmaker FAW
Pony.ai said it raised money from Chinese state-owned carmaker FAW Group, which will use the software in its luxury electric cars and also in its trucks.
Chinese Online Services App Meituan Considers Second Listing in China
Meituan follows other Chinese firms looking to list back home to give local investors more access to its shares and as a hedge against the U.S.-China trade war.
Beijing Tells Ant Group Executives That It Could Face New Curbs
The warning underscores the Chinese government’s efforts to rein in its big tech firms to ensure they don’t grow too powerful.
Twitter Board Says CEO Dorsey Should Keep His Job
The board cited Twitter’s “significantly improving product” and “financial performance through the most recently reported quarter” as reasons for the decision.
VMware’s Americas Sales Chief Departs
Dominick Delfino, a six-year VMware veteran who has spent the past two years leading its sales organizations in the Americas, has left the company.
Aeva to Go Public in $2.1 Billion SPAC Merger
The deal will lift the LiDAR startup to almost five times its last private market valuation.
Apple Likely to Debut New Macs at Nov. 10 Event
Apple sent out invitations for a virtual event Nov. 10 expected to feature new Mac computers, the company's first based on Apple-designed chips.
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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