ByteDance Profit Reached $3 Billion Last Year
The cash-rich startup doesn't need an IPO to raise money, at least for now, with $6 billion of cash on its books.
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Biden Supports California ‘Gig’ Worker Law Aimed at Uber
The Democratic nominee for president signals he will not be a friend to Uber, DoorDash, and others.
Amazon Reportedly in Talks to Buy Self-Driving Car Startup Zoox
Investment bankers at Qatalyst Partners have been shopping Zoox.
Facebook Execs Ignored Concerns About Exploiting User ‘Divisiveness’
Senior Facebook executives were reportedly warned that the social network’s algorithms “exploit the human brain’s attraction to divisiveness."
Slack CEO Says Zoom Is Microsoft’s Main Rival
Stewart Butterfield says Microsoft is obsessed with competing with his company when it should be focusing its competitive energies on other rivals, like Zoom.
More Google Employees to Return to Offices July 6
Google will also offer employees a $1,000 spending allowance for home office equipment and furniture.
Twitter Tags Trump Tweets With Fact-Checking Link for First Time
Twitter links Trump’s tweets to CNN and Washington Post stories undermining his claims that mail-in balloting will lead to widespread voter fraud.
Apple Set to Re-Open 100 More U.S. Locations This Week
By the end of this week, around 130 of Apple’s 271 U.S. stores will be open, though most will reopen with restrictions in-place.
Palantir CEO Says Company May Go Public in the Next Year
“The problem with being a public company is that it can be culturally corrosive on the inside,” said Palantir co-founder Alex Karp.
Quibi Advertisers Looking to Defer Payments
Low viewership has advertisers trying to defer payments
HBO Max Debuts Wednesday
It's the latest of the major streaming to debut, and comes with high expectations for its parent companies WarnerMedia and AT&T
Historic SpaceX Launch Set for Wednesday
The launch will the first in almost a decade to send people into orbit from the U.S, and the first time ever using a private spacecraft.
Bolt, an Uber Rival in Europe and Africa, Raises $110 Million
Even in a pandemic, there is still capital available for private ride-hailing companies.
Startup That Reduces Food Waste Valued at $1 Billion
Disruptions to the food supply chain from the coronavirus have increased the importance of extending shelf life for fruits and vegetables.
YouTube Says Deleting Comments Criticizing the Chinese Government Was an ‘Error’
Apparently, the flagged comments included the words “共匪” (“communist bandit”) and “五毛” (“50-cent party”), a derogatory slang term.
Facebook Rebrands Its Libra Unit to Novi
The new name—a combination of two Latin words—is meant to show more separation between Facebook and Libra.
Amazon Looks to Invest in Local Podcasts
The company is looking to make investments through its Alexa Fund venture capital arm.
South Korean Prosecutors Question Samsung Heir
Samsung has been embroiled in an investigation into how the family tried to rig succession plans in their favor.
Report Stirs Fear That China Might Make Digital Health Tracker Permanent
Online privacy issues are starting to become a mainstream concern in China, where censorship and government snooping are facts of life.
China’s Food Delivery App Meituan Dianping Posts First-Quarter Loss
Meituan Dianping faces soft demand for its new businesses in travel and ride hailing and competition from Alibaba in its core food delivery.
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
