SoftBank Asks for $8 Billion Margin Loan From Banks Vying to Take Arm Public
The move seems to be Masayoshi Son’s way of encouraging bankers to pitch him valuations they’ll actually be able to deliver in an IPO.
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New York Amazon Workers to Vote on Union in March
Workers at an Amazon warehouse in New York will hold an in-person vote on unionization in March, organizers announced Wednesday.
Meta’s Nick Clegg To Lead ‘All Policy Decisions’ After Promotion
The promotion means Clegg will also report to CEO Mark Zuckerberg
Start-up Crypto Brokerage FalconX Nabs Pinterest Sales Head
Senior executives from Facebook, Google and others are flocking to crypto start-ups.
Shopify Expects Revenue Growth to Keep Slowing
The Canadian tech giant, a pandemic darling of the last two years, anticipates higher marketing spend and lower sales growth as the company plans an international expansion amid a slowdown in demand for online shopping.
Google Follows Apple With Proposal to Curb How Android Users Are Tracked
Google will seek comment on its new plan to limit cross-app tracking and plans to keep its existing ad ID for at least two years
Chinese Fashion Retailer Shein Moves Key Assets to Singapore
Such moves, technically, could turn Shein into a non-Chinese company and help it bypass Beijing's restrictions on offshore IPOs.
Roblox Shares Fall in After-Hours Trading Following Earnings Announcement
The popular gaming and metaverse platform is still growing, but not at the rates it did during the height of the pandemic.
ViacomCBS Takes on Paramount Name in Nod to Streaming Ambitions
The company said Paramount+ has 32.9 million subscribers at the end of the fourth quarter.
Meta Closes $1 Billion Kustomer Deal
Lengthy antitrust reviews delayed the deal nearly 15 months.
Coinbase Launches Program for Mexico Crypto Holders to Cash Out Holdings
The new service effectively means it now enables global remittances, or the transfer of money for payments that’s dominated by Western Union and MoneyGram.
‘Metamates’: Facebook Parent Company Announces New Values
The company announced changes to its values at al all-hands meeting Tuesday.
Meta To Pay $90 Million To Settle Data Privacy Lawsuit
Under the settlement, the company agreed to delete all the data in question.
U.K. Tax Authority Seizes NFTs in Fraud Case
The Revenue and Customs agency said three people were arrested over the $1.9 million suspected fraud investigation, which involved 250 alleged fake companies.
India Bans Singaporean Internet Giant Sea’s Mobile Game
The move shows how India's ban on apps of Chinese origin can affect internet companies that aren't based in China.
Elon Musk Donated $5.7 Billion Tesla Shares to Charity
Musk, who got into public spats with Bernie Sanders and Elizabeth Warren after they called on the ultra rich to pay more taxes, made the donation in November.
Didi Global Will Cut Up To 20% of Staff Ahead of Hong Kong IPO
The headcount cut comes as the ride hailing giant prepares to delist from the U.S. and move shares to Hong Kong.
Lawyer Who Helped Lead State Antitrust Cases Against Google, Facebook, Takes DOJ Job
The Justice Department’s antitrust division still has a number of senior roles to fill.
Texas Hits Meta With Lawsuit Over Past Facial Recognition Practices
Texas could seek hundreds of billions of dollars in civil penalties
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