Microsoft Tops $20 Billion in Quarterly Profit for First Time
Sales of Office, Windows and LinkedIn products remained strong during the quarter, reflecting Microsoft's positioning as a remote work company.
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Twitter’s Revenue Growth Slows in Q3
Twitter reported that its average daily active user rose 13% but most of that growth is occurring internationally, which accounts for a minority of the company's ad revenue.
AWS Lands Major Cloud Deal With British Spy Agencies
The deal, worth up to $1.4 billion over the next decade, shows how AWS is looking to expand its cloud market dominance in Europe.
Sequoia Overhauls Fund Structure to Hold Public Stocks
Under the change, a new vehicle called the Sequoia Fund would hold public stock and be the sole limited partner to the existing venture funds.
Epic Taps Facebook Exec to Help Metaverse Effort
The gaming company has hired Matthew Henick, former v.p. of content at Facebook, to help develop the company's metaverse strategy.
Execs from TikTok, Snap, YouTube Testify At Hearing on Youth Safety
It is the first time executives from Snap and TikTok have testified on Capitol Hill.
Tesla Hits $1 Trillion Market Cap After Deal with Hertz
Shares in the electric vehicle maker soared on news it would sell 100,000 cars to the car rental company.
Tiger Global Raises $8.8 Billion of $10 Billion Fund Target
Tiger Global Management, the hedge fund turned active VC investor, expects to raise a total of $10 billion for its latest fund.
Facebook Reports 35% Revenue Increase, Predicts Slow Q4 Growth
The company reported third-quarter earnings amid a barrage of damaging news articles.
Andreessen Horowitz to Raise Another $6.5 Billion for Core Venture Funds
The firm has reportedly held conversations with its limited partners about raising another two venture funds.
Allbirds Seeking to Raise Up to $269 Million in IPO
Direct-to-consumer footwear company Allbirds is seeking to go public at a price per share of between $12 and $14, translating to a market capitalization of between $1.7 billion and $2 billion.
German Scooter Company Raises $200 Million From Softbank, Mubadala
Tier is one of a host of start-ups to emerge from the scooter start-up craze of recent years.
Wikimedia Foundation Asks Big Tech To Pay For Trove of Data
Search engines, voice assistants and streaming services have for years used Wikipedia’s data for free
PayPal Says It’s Not Pursuing an Acquisition of Pinterest
The statement followed media reports that the online payments platform was in talks to acquire the e-commerce and digital pin board site for as much as $45 billion.
Facebook Knew its Platform Pushed Polarizing Content in India
The revelations about its problems in its single largest market were part of the massive document dump by whistleblower Frances Haugen.
Chinese Design Startup Tezign Valued at More Than $1 Billion
Tezign's new fundraising shows how investors continue to back Chinese tech startups even amid Beijing's escalating regulatory crackdown.
Google Employee: Ad Business is Like Goldman Sachs Owning New York Stock Exchange
A multi-state coalition’s antitrust case against Google over the power it holds in online advertising is one of several competition-related suits the company faces.
Shoppers Can Now Buy Bitcoin at Walmart
Walmart customers can trade cash for bitcoin using Coinstar kiosks at select stores.
Chinese Firms CATL, BYD Balk at Building Battery Plant in U.S. For Apple Car
Talks between Apple and the two Chinese companies stalled after they said they wouldn’t set up dedicated factories in the U.S. amid rising tensions between the two countries.
China’s Regulator Suggests Didi Explore Hong Kong Listing
The talks about a possible Hong Kong listing come as Didi's U.S.-listed stock has plunged since its June IPO due to Beijing's cybersecurity crackdown.
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.
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