Rackspace Shares Drop in First Day of Trading
It's the second IPO debut for the cloud computing firm, which was Apollo Global bought in a leveraged buyout four years ago.
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Roku Reports Advertising Growth Amidst Pandemic
The company reported a 46% jump in its platform segment revenue, a sign that advertisers are still spending on streaming devices despite the pandemic.
Blackstone to Buy Ancestry.com in $4.7 Billion Deal
The genetic testing company had been expected to attempt another IPO.
Teledoc to Buy Livongo in $18.5 Billion Telehealth Deal
The deal follows a spike in demand for virtual health services.
FTC Chair Says Agency Lacks Authority to Enforce Trump Order on Social Media
FTC Chair Simons' statement indicates that the FTC will not get involved in Trump's attack on Section 230.
DoorDash Launches Convenience Item Delivery Service
The move will put it in direct competition with SoftBank-backed delivery service GoPuff.
The New York Times Hits Records in Digital
The quarter marked the first time digital revenue exceeded print revenue.
Facebook Brings its TikTok Rival to the U.S.
The Instagram feature called Reels encourages users to upload videos set to music.
Australian Prime Minister Says TikTok Isn’t a Security Threat
The prime minister's statement is a bit of good news for the beleaguered Chinese-owned app, which faces a ban in the U.S.
Tencent Seeking a Merger of China’s Two Biggest Game Streaming Sites
Combining game streaming platforms Huya and DouYu could create a $10 billion company and 300 million users.
TikTok CEO Reassures Employees After Threat of Trump Ban
TikTok executives told employees that the app will come out stronger through an acquisition, but cautioned that the details of such an outcome are uncertain.
Ex-Google Engineer Levandowski Sentenced to 18 Months in Prison
The judge said the goal was "deterrence" of future possible offenders.
Disney Earnings Take Huge Hit on Parks Closures
The coronavirus caused a $3.5 billion negative impact on the parks and resorts segment.
Quantum Computing Startup Rigetti Raises $79 Million
Quantum computing is still in its early stages, and Rigetti is one of a handful of startups aiming to build a business around the technology.
Longtime Apple Marketing Chief Phil Schiller Steps Into New Role
Apple's longtime marketing chief Phil Schiller is shifting to a new, more limited role overseeing the App Store and events.
Europe’s Investigation Into Google-Fitbit Deal Widens
Europe's antitrust authority said it will expand its antitrust investigation into Google's $2.1 billion acquisition of Fitbit.
Alibaba Boosts Investment in China’s Xpeng Before IPO
Alibaba is counting on the Chinese electric car maker's IPO after a surge in Tesla's stock and Chinese rival Li Auto's $1.1 billion Nasdaq listing.
Chinese State Media Accuses U.S. of Theft in TikTok Saga
The accusation of by a state-run newspaper mirrors U.S. allegations that China steals American tech.
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