China’s Government Chastises Didi Chuxing, Meituan and Other Tech Firms
Regulators demanded these companies to provide more transparent pricing mechanisms in response to criticism commissions were too high.
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IPhone Assembler Foxconn Reports Higher 1Q Profit
The rise in net profit comes after Apple reported a similar blowout quarter, with some analysts questioning whether those results were sustainable.
Cloud App Monitoring Firm New Relic Switches CEOs
New Relic hasn't been able to thrive despite the growing adoption of cloud applications, in part due to increasing competition.
Google Notches Cloud Win With Starlink Deal
Google's new SpaceX partnership will give users of the Starlink service access to cloud applications that might otherwise be out of reach.
Coinbase Says Profits Surge, Warns of ‘Unpredictable’ Future
Its stock briefly fell below the reference price for its April direct listing.
Jeff Blackburn Returns to Amazon
Just three months after announcing his departure, Blackburn is back at the internet retailer.
DoorDash Bounces Back, Generating $112 Million of Cash in First Quarter
DoorDash's free lunch may not be over after all.
Airbnb’s Strong Quarter Sets It Apart From Rivals
The travel company said it expects the recovery to continue, anticipating second-quarter revenue to be similar to 2019 levels.
Alibaba Swings to Quarterly Loss on Beijing’s Anti-Monopoly Fine
A big question is whether Alibaba will face any further consequences from China's continued crackdown on the tech sector.
Google Fined $120 Million for Excluding Italian App From Android Auto
The move shows national authorities in European countries are flexing their muscles against U.S. tech giants even as the European Commission itself investigates antitrust abuses from Brussels.
Amazon to Hire Another 75,000 Workers
The new hires, for Amazon's warehouses and transportation network, would add to the half a million new employees hired during the Covid pandemic.
Casper Expects to Be Profitable Later This Year
The online mattress retailer ran into operational troubles after a lackluster IPO debut last year but has since improved sales and reduced losses.
SoftBank-Backed Coupang Reports Wider Than Expected Loss
The net loss threatens to erase some of the gains SoftBank reaped from Coupang’s blockbuster initial public offering in March.
Chinese Robotaxi Startup WeRide Valued at $3.3 Billion in Funding Round
WeRide's fundraising comes as China's other major autonomous driving firms, such as Pony.ai and Didi Chuxing's robotaxi unit, also have raised money.
Bitcoin Falls After Musk Says Tesla Won’t Accept the Digital Token
Bitcoin plunged 17% after Elon Musk said Tesla would stop accepting the cryptocurrency as payment for its cars.
Facebook’s Cryptocurrency Project Pivots Again to the U.S.
It’s the latest in a long series of twists and turns the embattled project has taken since Facebook first announced it in 2019.
Apple Staffer Departs After Employees Object to Past Comments
More than 2,000 Apple employees signed a letter objecting to comments he made about women and people of color in a 2016 book.
VMware Taps 18-Year Veteran as CEO
VMware's new CEO has a background in engineering and product development, making him similar to its previous three leaders.
Poshmark and ThredUp See Revenue Gains in Q1
Both companies sell used goods to people but Poshmark operates more as a platform for people to buy and sell directly to each other. Its revenue is growing faster than Thredup's.
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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