Google, Meta, Amazon—and China—Are Driving Growth in Digital Ad Market
Digital advertising will account for 64.4% of total global ad spend. Google, Meta and Amazon are capturing between 80%-90% of that market outside of China.
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Poshmark Ventures into Digital Goods with NFTs Launch
This is the secondhand goods firm's first foray into the blockchain and will likely engage its users, many of whom don't buy the goods offered on the company's marketplace.
BuzzFeed Shares Fall After Opening Surge
The performance of BuzzFeed stock over the next few days will be closely watched by investors and other media firms, such as Bustle Digital Group, which also want to go public.
Chinese AI Startup SenseTime to Raise up to $767 Million in Scaled-Back Hong Kong IPO
China’s biggest artificial intelligence firm, which is on a U.S. government technology blacklist, is going ahead with its IPO despite a lackluster market.
Alibaba Reshuffles E-Commerce Business, Appoints New CFO
The reshuffle comes as Alibaba grapples with China's slowing economic growth and Beijing's harsh regulatory crackdown on the internet sector.
Shares of Docusign Fall Over 40% After Reporting Slowed Growth
Shares of the electronic signature business Docusign plunged more than 40% after the San Francisco-based company signaled that customer demand for its products was slowing sharply from the pandemic highs it had enjoyed.
New Twitter CEO Ousts Two Executives In Leadership Reshuffle
Four days after Twitter named Parag Agrawal as its new CEO, the former chief technology officer has reshuffled his leadership team, removing two executives
BuzzFeed’s SPAC Merger Due to Close Today
SPAC shareholders took back the vast majority of the cash held by the SPAC, sharply reducing the amount of cash BuzzFeed will get from the combination.
Didi to Delist From U.S. Stock Market, Prepare for Hong Kong Listing
The move comes after Didi's stock has fallen more than 40% since its U.S. IPO due to China's harsh regulatory crackdown.
Jokr Raises $260 Million to Fund Instant Delivery Expansion
The startup, now valued at $1.2 billion, faces stiff competition from more established rapid grocery players.
Alphabet Delays Mandated Return to Office
The Google parent told U.S. workers Thursday that it will reassess when they will be required to report back to the office in the new year.
FTC Sues to Block Nvidia’s $40 Billion Arm Takeover
The deal is under antitrust scrutiny around the world.
BuzzFeed’s SPAC Partner Sees Big Redemptions
BuzzFeed can still complete the merger but it will have much less cash available for acquisitions and other purposes than it would have had.
Shares of Grab Fall More than 20% in Public Listing
The stock opened at $13.06 per share but immediately began trending downward, with shares trading around $8.60 Thursday afternoon.
U.K. Asset Manager Abrdn Buys Interactive Investor For $2 Billion
The deal reflects big banks' interest in finding ways to win over the new generation of investors.
SF Transit Agency Criticizes Cruise Robotaxi Application
The San Francisco Municipal Transportation Agency’s criticisms highlight the complexity of developing AV technology that can work seamlessly, safely and inclusively in major cities.
Ex-Google AI Researcher Timnit Gebru Starts Nonprofit Research Lab
A year after exiting Google, Gebru has started a new research lab that aims to be more inclusive and diverse than other groups studying AI
Grab to Launch Biggest Debut of Southeast Asian Company on Nasdaq
The $40 billion merger with the SPAC Altimeter Growth Corp. will raise $4.5 billion for the Singapore-based ride hailing company.
India’s Ride-Hailing App Ola Plans IPO in First Half of 2022
Ola, backed by SoftBank, plans to raise up to $1 billion in a highly anticipated market debut.
Apple Warns Suppliers of Slowing Demand for iPhones
Apple told suppliers that demand for the range of iPhone 13 devices has weakened ahead of the holidays, Bloomberg reported.
Weekday mornings
The Information AM by The Information Staff
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