Musical.ly Co-Founder Leaves TikTok’s owner ByteDance
Louis Yang co-founded video app Musical.ly, which merged with TikTok after being acquired by ByteDance in 2017.
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Musk Can’t Confirm Twitter’s Claim About Bots
The Tesla CEO seems intent on renegotiating his $44 billion acquisition
Former Theranos COO Balwani Found Guilty on All Counts in Fraud Case
Balwani's conviction is more severe than that of Theranos founder Elizabeth Holmes.
Peloton Offering Repriced Options, Cash Bonuses and Accelerated Vesting to Employees
Peloton is making a series of moves to boost employees’ compensation as its stock price tumbles.
Key SoftBank Executive Steps Back to Start His Own Fund
Rajeev Misra—one of the key architects of SoftBank’s aggressive bets on global tech companies—will take a step back from running the firm’s Vision Fund 2.
Heads of FBI, MI5 Issue Joint Warnings Over Chinese Espionage
The intelligence agencies called on business and academic leaders to be more vigilant about China's spying, including trade-secret theft and tech transfer.
Salesforce Sees Spate of Tableau Exec Departures
Tableau's COO, CTO, CMO and another longtime corporate development executive have headed for the exits in recent weeks.
U.K. Announces Antitrust Probe into Microsoft’s Activision Purchase
The CMA surprised the tech industry recently by ordering Meta to unwind its 2020 purchase of the GIF-maker Giphy.
Amazon Could Gobble Up Stake in Grubhub with Partnership
Amazon struck a deal granting Prime members in the U.S. access to a free, one-year membership to Grubhub Plus.
Voyager Digital Files for Chapter 11 Bankruptcy
Voyager said it has $1.3 billion worth of digital assets on its platform and more than $350 million in cash in an account for customers.
Forever 21 Parent Company Settles Lawsuit with Bolt
ABG, a holding company that owns Forever 21 and Lucky Brand, previously accused Bolt of exaggerating its technology capabilities. The company will now be a Bolt shareholder.
U.S. Wants Dutch Firm ASML to Stop Selling Chipmaking Equipment to China
The semiconductor industry is a critical battleground for Washington and Beijing in the two nations' broader race for technological supremacy.
Twitter Sues India Over Demands to Remove Some Political and Protest Posts
The move ratchets up tensions between India's ruling party and U.S. tech companies.
TikTok Ditches Plan to Expand Live E-commerce to Europe and U.S.
TikTok is struggling to make live-streamed shopping work outside of Asian markets, as consumer adoption remains low.
Vauld Signs Tentative Agreement to be Acquired by Nexo
If the deal takes place, Nexo plans to reorganize Vauld’s operations and deepen its presence in Asia.
Hackers Claim to Have Stolen Data on 1 Billion Chinese Residents
If the anonymous hackers' claims are true, it could be the biggest-ever data breach in China's history.
TikTok CEO Responds to U.S. Senators’ Questions About User Data Security
TikTok and its Chinese parent ByteDance continue to face pressure from U.S. lawmakers due to concerns that American users’ data could leak to China.
Klarna to Raise Cash at $6.5 Billion Valuation in Dramatic Down Round
The installment loan provider fetched a $46 billion valuation in June
Amazon Secures UK Broadcast Rights for Lucrative European Soccer Games
It’s the latest step for Amazon in becoming a marquee broadcaster in Europe’s top sports.
China’s Tencent, ByteDance Implement New Round of Layoffs
China's biggest internet giants continue to grapple with macroeconomic headwinds even as regulatory concerns ease.
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