SoftBank-Backed Oyo Seeks $9 Billion Valuation in IPO
The weak valuation comes after another Indian startup, Paytm, disappointed in public markets after its debut in November.
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Recent Editions
China State-Backed Group Canceled Ant Deal Due to Government Pressure
The revelation highlights how Ant still remains a target for Chinese authorities amid a wider crackdown on the sector that started in 2020.
China Probes Alleged Food Safety Issues at Walmart-Owned Sam’s Club
This is the latest in a series of regulatory challenges Walmart has recently faced in China.
Amazon Backs Down From Plans To Ban Visa Credit Cards In The UK
Amazon said U.K. customers would be able to continue to use Visa credit cards beyond the January 19 deadline previously set by the company.
China’s Economy Slowed Amid Weak Consumer Spending and Lower Population Growth
The weaker growth could cloud prospects for Chinese consumer tech platforms such as Tencent and Alibaba.
States Appeal Loss of Antitrust Case Against Facebook
The appeal comes days after the FTC defeated Facebook’s bid to toss a parallel case.
Netflix Raises Prices in U.S., Canada
The question is whether the price hikes will affect the growth of the streamer.
Startup Orca Security Finds Critical Flaws in AWS Cloud Services
Cloud providers haven't yet suffered major security vulnerabilities that affected large numbers of customers, but recent flaws could have changed that.
The FTC Is Investigating Meta’s VR Business, Questioning Third-Party Developers
Acting alongside three U.S. states, the FTC is looking into possible anti-competitive practices in the consumer VR market Meta leads.
Bolt Gets Valuation Lift to $11 Billion
The checkout software firm has raised nearly $1 billion to date, far ahead of its closest rivals.
Google Employees Fretted Over Manipulated Ad Auctions: States’ Antitrust Lawsuit
It’s the latest drip of embarrassing details about the world’s most powerful online ad seller.
Imagine in Talks to Sell Majority Stake to UK Firm for Up to 800 Million
The deal would be the latest in the frenzy of M&A around content studios.
FTX Launches $2 Billion Venture Fund, Taps Lightspeed’s Amy Wu
The company joins other major cryptocurrency exchanges setting up venture funds.
Apple May Push Back Mixed Reality Headset Debut to 2023
An announcement was reportedly planned for June, but may be postponed due to development challenges.
Google Spending $1 Billion on London Office Purchase
The U.K. purchase comes as large tech companies debate when to require workers to come back to the office
U.K. Lawyer Brings $3.2 Billion Class Action Lawsuit Against Facebook
This is yet another challenge for Meta in the U.K., where the company was recently ordered by the antitrust regulator to unwind its acquisition of Giphy.
Alibaba’s Grocery Unit Mulls Fundraising at $10 Billion Valuation
The Hema grocery store chain's fundraising raises questions about whether Alibaba could eventually spin off the unit and list it separately.
Alphabet Lets Subsidiaries Control Employee Compensation
Alphabet has given non-Google subsidiaries the freedom to set their own compensation and job structures.
Twitter Credits Remote-Work Policy For Diversity Improvement
The social-media platform saw a significant uptick in the percentage of its employees who are Black or Latinx in 2021.
Microsoft’s Board Authorizes Sexual Harassment Policy Review
Decision to study the company's sexual harassment and gender discrimination policies and practices comes in response to shareholder vote.
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