Credit Karma Looks to Sell Tax Preparation Business to Square
The DOJ would have to approve the sale, which would consolidate the tax preparation software market.
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Recent Editions
Disney Promotes Broadcast Executive as Head of Networks
Disney has promoted Debra O'Connell to head of the networks business, putting her in charge of all P&Ls for its linear networks.
Facebook Blocks Some Political Ads by Mistake
The error is likely to stoke anger from both sides of the U.S. political spectrum that have accused Facebook of political bias.
ByteDance Pulls Most Traffic From Fastly’s Network
TikTok parent ByteDance has pulled a majority of its web traffic from Fastly's "content delivery network," in what looks like a step to prepare for a U.S. ban.
Apple Offsets Lower iPhone Revenues With Growth in iPads, Macs
The delayed release of new iPhones had been expected to dent Apple's revenue but other hardware categories more than offset the iPhone declines.
SoftBank-Backed GetYourGuide Raises $133M of Convertible Debt
In convertible deals, investors can buy shares in the company’s next financing or initial public offering, typically at a 10% to 25% discount.
Facebook Ad Growth Spikes as User Growth Declines
Facebook expects its revenue growth rate to be even higher than 22% in the fourth quarter, suggesting advertiser demand is quickly rebounding.
Twitter Post Strong Revenue, User Growth a Big Question
It continued the streak of advertising sales for social media companies rebounding during the quarter.
Amazon Earnings Surpass Expectations
And the holiday shopping season hasn't even started yet.
Google Results Rebound on Strong Advertising Sales
Overall revenue rose 14% for Alphabet in the third quarter, recovering from a pandemic pullback in advertising in the second quarter.
Netflix Raises Prices
The latest price hike, which follows one early last year, suggests Netflix hopes to raise prices high enough that it can make its video streaming business self-sustaining.
Juul Cuts Valuation to $10 Billion
The e-cigarette maker’s valuation is down about 50% from January.
NBCU Profits Drop Sharply
Almost 22 million people have signed up for NBCU's free ad-supported streaming service.
Spotify Subscribers Grow 27%
The music-streaming service's September quarter saw strong growth in users and paid subscribers, lifting revenue.
Google Plans to Target French Commission in Lobbying Campaign
To lobby against upcoming European rules regulating tech, Google reportedly plans to target French commissioner Thierry Breton, an arch critic of Big Tech.
U.S. Government Allows Chips to Be Sold to Huawei if Not Used for 5G
Such a move by Washington wouldn't help the Chinese company much, because most of its new products are designed for 5G networks.
Spotify Beats Expectations
The number of premium subscribers rose 27% from a year earlier, it said, while total monthly active users grew 29% to 320 million.
Samsung Warns of Decline in 4Q Profit
Samsung’s warnings indicate that demand for consumer electronics hit its peak last quarter.
Google Staffer Revealed as Anonymous Trump Administration ‘Resistance’ Author
Miles Taylor’s work for Homeland Security—which reportedly involved efforts related to the Trump administration’s child separation policy—sparked concern within Google.
Pinterest Posts Strong Growth in Users and Revenue
The attributed part of its revenue growth to ad money from big brands that were boycotting social 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.
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