SoftBank’s Earnings Continue to Recover on Investment Gains
About $10 billion in investment gains from the Vision Fund and the Vision Fund 2 boosted SoftBank's net profit in the quarter through September.
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Apple Suspends New Business for Pegatron on Labor Violations
While Apple has dealt with supplier violations in the past, it’s rare for the company to issue public statements about them.
Analysts Slash Estimates of Ant Group Valuation By Half After IPO Suspended
Such a sharp revision in Ant’s value would make it worth less than when investors such as Silver Lake Management and Warburg Pincus invested in it two years ago.
Quantum Computing Firm ColdQuanta Gets New Funding
Quantum computing is a long-term bet where companies like IBM, Microsoft, and Google are well-established, but startups are getting in on the act too.
Netflix Testing Linear Channel Feature
The channel would show a stream of Netflix shows, which is very different to the service's on-demand model.
Viacom’s Revenue Down 9%
The company expects to exceed 19 million streaming subscribers this year.
Facebook’s WhatsApp Gets Approval to Expand Payments in India
Facebook was granted permission to expand its online payments on WhatsApp to 20 million users, up from 1 million.
ByteDance Rival Kuaishou Seeks to Raise $5 Billion in Hong Kong IPO
The company said revenue rose 48% to the equivalent of $3.8 billion in the first half of the year. Net losses in 2019 were roughly $3 billion.
Facebook Tweaks System to Combat Election Misinformation
“As vote counting continues, we are seeing more reports of inaccurate claims about the election,” the company said in a statement.
Alibaba, Richemont Announce $1.1 Billion Deal with Farfetch
The three-way alliance could have a significant impact on China's luxury market, which is emerging as the most important battleground for global brands.
Anonymous Trump Administration ‘Resistance’ Author Leaves Google
Miles Taylor, the former Homeland Security chief of staff behind the New York Times op-ed critical of the president, had been on unpaid leave since August.
Dropbox Sales Up 14% But Paying User Growth Slows
Dropbox is continuing to attract more paying users, but metrics like user growth and average revenue per user slowed compared to last quarter.
Lionsgate Reports 13.7 Million Streaming Subscribers
The company expects 25% of its revenue will come from its streaming business by 2024.
Roku Revenue Soars Continuing Pandemic Boost
The company's ad revenue was up 78% during the period compared to last year
Uber Reports 18% Drop in Revenue for Q3
Uber's results showed that its ride hailing business improved a little from the second quarter, when the pandemic had devastated demand.
BuzzFeed Returns to Profitability
The company's revenue will be flat from last year, the CEO said in a memo.
Delivery Startup GoPuff Buys California Liquor Chain
The move represents another foray from a SoftBank-backed startup into brick-and-mortar real estate expansion.
ESPN to Lay Off 300 Employees
In a note ESPN's Chairman Jimmy Pitaro said the move had to be made as the pace of cord cutting accelerates
ByteDance in Talks to Raise $2 Billion at $180 Billion Valuation
The talks show that despite the TikTok drama, ByteDance's overall valuation has held up.
Weekday mornings
The Information AM by The Information Staff
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