Robinhood Valued at $11.7 Billion
Robinhood has announced another $460 million in venture capital funding, bringing its Series G to a grand total of $660 million.
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Recent Editions
GoodRx Stock Climbs 39% in IPO Debut
GoodRx is one of the few profitable companies to go public in this year’s crop of IPOs.
Four Former eBay Employees to Admit to Cyberstalking Conspiracy
Six former eBay employees were charged in June over a harassment campaign that involved sending a bloody pig mask and live cockroaches to a couple who published an online newsletter critical of eBay.
Instacart Poised to Win ‘Content Scraping’ Lawsuit Against Uber Subsidiary
The grocery delivery wars have gotten off to a rough start for new entrant Uber.
Variety and Hollywood Reporter Join Forces
The joint venture shows how the decline of print advertising is forcing former competitors to make peace to try and cut costs.
Trump Administration Challenges Internet Companies’ Legal Protections
The Justice Department urged Congress to curb online platforms’ protection from lawsuits over user-posted content.
Tesla Shares Fall as Musk’s Battery Updates Disappoint
At Tesla's Battery Day event, CEO Elon Musk didn't provide updates on the company's development of its "million-mile battery."
Amazon Gives its Own Hardware an Advertising Edge
Rival makers of smart speakers, doorbells and other devices face restrictions in how they advertise on Amazon's e-commerce marketplace.
More State-Backed Chinese Media Condemn TikTok’s Deal With Oracle
While the newspaper editorials don't necessarily mean Beijing has decided to kill the deal, they reflect the views of at least some within the government.
Palantir Projects Third Quarter Revenue to Grow 46%-47%
Palantir’s projections show the pace of revenue growth at the data analytics firm, which is going public at the end of this month, is accelerating.
DOJ Antitrust Case Against Google Reportedly Set to Focus on Search
A case centered on how Google uses its market share in search to harm rival companies and consumers was “furthest along in legal theory,” the NYT reports.
Asana Projects Third Quarter Revenue to Grow 40%-43%
Asana’s projections show the pace of revenue growth at the project management software firm, which is going public at the end of this month, is slowing.
Microsoft Gets Exclusive License to OpenAI Language Program
Just over a year after announcing a partnership with OpenAI, Microsoft is now touting its exclusive access to one of the startup's top inventions.
China’s Communist Party-Run Paper Criticizes TikTok Deal
A newspaper run by China's Communist Party criticized ByteDance's agreement with Oracle and Walmart, saying it hurts China's national interests.
DOJ Could Bring Antitrust Case Against Google Next Week, Report Says
The DOJ is expected to brief state attorneys general this week on its plan to bring an antitrust lawsuit against Google signaling the case’s imminence.
Tim Cook Hopes Apple Can ‘Unpeel’ From Antitrust Investigations
The CEO made the comment in a wide-ranging interview on Monday with The Atlantic’s editor-in-chief Jeffrey Goldberg.
Palantir’s Filings Cast Spotlight on Unusual Supervoting Stock
In the most extreme scenario presented in the filing, Palantir’s founders could control over 68% of voting power while owning only 0.5% of the company’s shares.
Activist Nelson Peltz Takes Stake in Comcast
The move comes as cordcutting continues to pose a challenging for the cable giant.
Trump Warns Oracle Needs to Have ‘Total Control’ of TikTok
Statements from Trump suggest the deal could still fall through.
Facebook Says New EU Data Regulation Threatens Ability to Operate
The order would prohibit Facebook from storing data about its 410 million users in the EU on servers located in the U.S.
Weekday mornings
The Information AM by The Information Staff
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