DigitalOcean Raises $775 Million in IPO, But Shares Drop 10%
Investors are apparently unsure if DigitalOcean's approach of offering simple products and pricing will pan out.
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Recent Editions
Proton Founder Says Apple Hindering Human Rights by Blocking Security Updates for VPN App
Proton’s Andy Yen is a frequent critic of Apple’s market power
Facebook CEO Zuckerberg Renews Call for Section 230 Changes
Thursday’s hearing likely presages new legislation including Section 230 reform
WarnerMedia Shakes Up Ad Sales Team
The company's long time sales executive Joe Hogan is being replaced by Katrina Cukaj, the former head of ad sales at CNN.
TikTok Owner ByteDance Hires CFO as IPO Expectations Rise
ByteDance’s hiring of Xiaomi senior executive Shou Zi Chew comes as investors and bankers expect the TikTok parent to go public as soon as this year.
Tencent Founder Met China’s Anti-Monopoly Regulator
While China's regulators already have targeted Alibaba, Beijing's heightened scrutiny of major internet platforms could also affect WeChat owner Tencent.
Delivery Startup GoPuff Raises $1.2 Billion
The SoftBank-backed delivery startup that delivers convenience store items said its value after the new cash injection had more than doubled to $8.9 billion.
CFIUS Opens Review of TuSimple Shareholder Ahead of IPO
The biggest autonomous trucking company said in its prospectus that the Committee on Foreign Investment in the United States started the review March 1.
Medium Offers Buyouts to All Editorial Staffers
The change comes about a month after a failed unionization effort by Medium’s editorial department.
Intel Spending $20B to Build Two New Chip Plants
Intel CEO Pat Gelsinger, who took the helm last month, outlines his vision for the chipmaker's future.
Robinhood Files Confidentially for Public Listing
The company plans to list its shares on the Nasdaq.
WarnerMedia Switches Back to Theatrical Exclusives
WarnerMedia was intensely criticized by some in Hollywood for deciding to release films both on its HBO Max streaming service and in theaters.
Telegram Raises Over $1 Billion in Debt Ahead of Public Listing
To secure the financing, Telegram sold corporate bonds to “some of the largest and most knowledgeable investors from all over the world."
Amazon Looks to Sell $140 Million in Deliveroo Shares in IPO
Amazon will sell shares worth about $140 million in Deliveroo when the food and grocery delivery company goes public next week.
Compass IPO Pricing Shows Win for SoftBank
The pricing would imply a win for SoftBank, which has poured about $1 billion into Compass over the last few years. Its stake is now worth more than $3 billion.
Hopin Acquires Two More Video Streaming Firms
Hopin has used money raised in funding rounds to snap up several video firms.
SoftBank-Backed Chinese Education Startup Hires CFO Ahead of Expected IPO
Zuoyebang, backed by SoftBank and Alibaba, is one of many highly valued Chinese tech startups that are preparing to go public this year.
Researchers Say TikTok Isn’t a Security Threat
Research by the University of Toronto's Citizen Lab into the underlying code on the popular Chinese owned app didn't find any evidence of malicious snooping.
Discord in Talks to Sell to Microsoft
The group messaging app has reportedly been fielding offers, including interest from Microsoft, that could value it at more than $10 billion.
WeWork Lost $3.2 Billion in 2020
Its occupancy rate fell to 47% at the end of 2020, from 72% at the start of the year.
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