Libra Hires Former U.S. Treasury Official as General Counsel
The Libra Association’s new top lawyer has a strong background in financial regulation.
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The Information AM
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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Recent Editions
Apple Looks to Buy Older Shows, Movies for Streaming Service
The move marks a shift in strategy for the streaming service, which has focused on a small number of originals to date.
New Nasdaq Rules Could Make It Harder for Chinese IPOs
U.S. regulators have long complained about the lack of transparency among Chinese listed companies.
TSMC Stops New Orders to Huawei After U.S. Issues Tougher Restrictions
The ban won't affect pre-existing orders but poses a major challenge to the future of the world's second largest smartphone maker.
U.S. Attorney General Scolds Apple for Refusal to Help in Terror Investigation
U.S. officials criticized Apple for failing to help investigators in a case involving a mass shooting in December at the Naval Air Station in Pensacola.
Baidu Revenue Falls 7%, Sees Post-Covid Rebound
The Beijing-based search engine company says user growth jumped in March after new Covid-19 cases peaked.
Disney’s Streaming Chief Leaves for TikTok CEO Role
Kevin Mayer had been passed over for Disney CEO role earlier this year.
Facebook Sees Oculus VR Content Sales Top $100 Million
It’s an impressive stat for a still-nascent platform and a rare peek into how the VR industry is maturing.
Klobuchar Calls for Antitrust Scrutiny of Tech Deals
Sen. Klobuchar expanded her call for antitrust scrutiny of a possible Uber-Grubhub merger. She also called out Facebook’s acquisition of Giphy.
Microsoft, FedEx Teaming Up to Compete With Amazon
In the latest phase of Microsoft and FedEx's business relationship, they'll jointly develop new logistics services that run on the Azure cloud.
Uber Cuts 3,000 More Jobs, Bringing Total Workforce Reduction to 27%
Uber is reducing its fixed costs as Covid-19 fallout devastates its core business.
Grubhub Rejects Uber’s Latest Offer
Uber and Grubhub merger negotiations continued through the weekend without reaching a deal.
General Atlantic Invests $870 Million Into Reliance’s Jio Platforms
The latest investment bring to more than $8 billion the amount of outside investment India conglomerate Reliance has brought into its digital unit.
Jack Ma to Leave SoftBank Board Amid Record Losses and a Stock Buyback
SoftBank’s bottom line has been badly hit by the weak performance of its Vision Fund, while its shares are rising thanks to huge stock buyback program.
Apple, Cisco, Qualcomm Face China Backlash After U.S. Chip Ban Tightened on Huawei
Chinese state media threatened retaliation against U.S. tech companies after the Trump Administration moved Friday to further restrict Huawei's access to microchips.
Justice Department Likely to Bring Antitrust Suit Against Google
After month of investigating Google, the Justice Department is now leaning toward bringing suit against the search giant for violating antitrust laws.
Gamemaker Machine Zone Sells for Steep Discount
AppLovin acquired Machine Zone for $500 million, a steep discount from the videogame maker’s prior valuation
Audio Social App Clubhouse Valued at $100 Million in Andreessen Horowitz Deal
The deal reflects investor appetite for new social platforms, though Clubhouse has yet to gain popularity beyond the current group of techies who use the app.
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