Qualcomm CEO Gives 10 Million Unit Sales Estimate for Meta’s Quest 2 VR Headset
Meta has yet to disclose definitive sales figures for its headset.
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Recent Editions
Faire Raises $400 Million at $12.4 Billion Valuation
Faire has raised over $600 million this year in a VC market with an insatiable appetite for fast growing e-commerce startups.
Streaming TV Measurement Firm Samba TV Files to Go Public
As more people and ad dollars flow into streaming TV, firms such as Samba TV, which plans to raise up to $75 million, eye an opportunity to grow revenue.
Activision’s CEO Kept Multiple Sexual Assault Allegations at Company Quiet: Report
Documents show that Bobby Kotick was aware of allegations that he either denied knowledge of or downplayed to the company board.
Poshmark Hires Former Amazon Exec as its New CFO
The new CFO will be tasked with lifting Poshmark out of the financial turbulence the secondhand goods firm has hit in its first year as a public company.
Peloton Seeking to Raise $1 Billion in Public Stock Offering
Fitness company Peloton is raising $1 billion in a stock offering, supplementing the company’s cash reserves as it grapples with a sharp slowdown in growth and significant losses in the most recent quarter.
Walmart Keeps Its Place as Largest U.S. Public Company by Revenue
Amazon is gaining on Walmart in the list of the largest U.S. public companies by revenue, but the Bentonville, Ark.-based retailer has for now held onto the top spot
U.K. Orders Full Antitrust And Security Review Into Nvidia-Arm Deal
The Nvidia-Arm deal could reshape the global chip industry but looks increasingly imperiled by overlapping regulatory reviews in several countries.
Epic Says Google Exaggerated Fortnite Game’s Security Risk
Google exaggerated the severity of a 2018 security vulnerability it detected in Epic Games’ Fortnite app, Epic alleged in a newly unredacted filing
Amazon Settles With CA AG Over Worker Covid Notifications
The California AG's office announced that it has obtained a settlement from Amazon over its “harmful” Covid exposure notification practices for warehouse workers.
Paradigm Raises $2.5B Crypto Fund
Paradigm has raised the crypto industry’s largest venture fund, breaking a record held by Andreessen Horowitz.
Splunk CEO Steps Down Shares Drop 19%
Doug Merritt, president and CEO of Splunk, is leaving the company after six years at the helm.
Podium Raises $201 Million, Doubles its Valuation
The messaging and payments platform is using new capital to grow its merchant base from 100,000 to over one million.
Casper Accepts Buyout Offer
Casper had struggled even before going public but the pandemic aggravated its difficulties, forcing the company to lay off staff, close U.S. stores and shut down its European operations.
China Considers Expanding Cybersecurity Reviews to Hong Kong IPOs
The proposed rules announced over the weekend pose fresh challenges for Chinese startups seeking IPOs after China had already made it harder to list in the U.S.
Disney Promotes Slate For DIsney+
The announcements are to celebrate the second anniversary of its streaming service, but many titles not coming out till late next year.
Google Cloud Engineering Veteran Jumps to Twilio
Twilio has hired Eyal Manor, a 14-year Google engineering veteran who worked on cloud, advertising and YouTube products, as chief product officer.
Alphabet Shareholder Calls For Racial Equity Audit
The proposal is emblematic of new requests from shareholders calling for more transparency on tech companies’ impact on society and workers that have gained traction
Exile Content Buys Podcasting Company
The entertainment company, which specializes in Spanish Language shows and movies, plans to make 25-40 podcasts next year.
Warby Parker’s Revenue Grew 32% in Q3
The eyeglass seller, which went public via direct listing in September, has seen its growth rate return to normal levels in the third quarter and a jump in the company's adjusted earnings during the same period.
Weekday mornings
The Information AM by The Information Staff
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