Indian Chat App Hike Shuts Down After Failing to Challenge WhatsApp
Hike's decision to give up on messaging is the latest indication of how dominant Facebook's WhatsApp has become in India.
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Facebook to Integrate Reliance’s JioMart Into Whatsapp in India
The move could be a game changer for Reliance and Facebook, which are competing against Walmart and Amazon for the attention of online shoppers in India.
Samsung Heir Sent Back to Prison in Bribery Case
Shares in the Korean electronics conglomerate dropped on news of Jay Lee's 30-month sentence.
Southeast Asia’s Grab Considers U.S. IPO This Year
A Grab IPO could be significant for its investors SoftBank, Didi Chuxing and Uber.
SoftBank Vision Fund’s Jeffrey Housenbold to Depart
Housenbold was responsible for the fund's investments in Wag, DoorDash and Opendoor.
Facebook Blocks New Events in D.C. Ahead of Inauguration
Facebook said the move was intended to prevent “attempts to use our services for violence.”
Andreessen: Content Blocking Could Come From Browser, Email and Internet Providers
Venture capitalist Marc Andreessen believes a new wave of content blocking could come from internet service providers, browser makers and email operators.
Microsoft Azure VP Julia White Departs for SAP
White, a 20-year Microsoft veteran, is the second longtime executive to leave this week.
WhatsApp Delays Data Sharing With Facebook After User Backlash, as Rival App Signal Goes Offline
The change to WhatsApp’s privacy policy would allow it to share data with Facebook and others regarding messages between people and businesses.
Bumble Files to Go Public
The dating app said in a securities filing that it’s been profitable for several years.
Walmart’s Marc Lore Is Stepping Down
Walmart’s Marc Lore announced his retirement Friday, and said he would devote his time to building a “city of the future.”
ByteDance Rival Kuaishou Gets Approval to Raise as Much as $6 Billion in Hong Kong IPO
The listing offers a preview of investor appetite for the eventually listing of its larger rival, ByteDance, owner of TikTok.
Chinese Smartphone Xiaomi Unexpectedly Added to U.S. Blacklist
U.S. investors must divest from Xiaomi, which has overtaken Apple in global smartphone sales, by November.
Playtika Prices IPO at $27
The mobile games publisher raised about $1.9 billion in its offering.
Cisco Strikes New $4.5 Billion Deal With Networking Firm Acacia
After Cisco's earlier $2.6 billion acquisition bid fell apart last week, the networking giant upped its offer significantly.
Samsung Unveils New 5G Smartphones at CES
The company’s new generation of Galaxy smartphones are designed to compete with Apple’s iPhone 12.
Poshmark Stock Climbs 142% Above IPO Price
Poshmark finished its first day of trading at $101.50, implying a market capitalization of $7.4 billion.
Google Says It Has Completed FitBit Acquisition
The deal had been held up in antitrust reviews for over a year.
PayPal Becomes First Foreign Company to Wholly Own Payments Platform in China
Beijing's loosening restrictions on foreign ownership comes too late given the dominance of China’s two largest payment platforms, Alipay and WeChat Pay.
U.S. Regulators Ask Tesla to Recall 10% of Its Cars Over Safety Concerns
The National Highway Traffic Safety Administration asked for the voluntary recall of 158,000 vehicles—around 10% of the total number of vehicles Tesla has ever produced.
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