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.
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Recent Editions
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.
Senior Waymo Executives Depart
Senior departures at Waymo signal a long road to commercializing its prototypes.
SoftBank Reports Yearly Profit of $47 Billion
The earnings are a dramatic reversal from the previous year’s loss. But the growth could be difficult to sustain given the recent slide in tech stocks.
Court Overturns Amazon’s $300 Million European Tax Bill
The ruling reverses a 2017 decision from the European Commission to charge Amazon with hundreds of millions in unpaid taxes.
Chinese Social Network Soul Files for Nasdaq IPO
The company is seeking to raise $100 million in the listing, according to reports.
Xiaomi Removed From U.S. Blacklist
The Chinese smartphone maker was taken off the blacklist after it sued the U.S. government.
U.S. Lawmaker Presses Apple Over Suppliers’ Use of Forced Muslim Labor
The letter comes after The Information reported this week that seven suppliers were involved in alleged forced labor programs involving workers from Xinjiang.
Mortgage Startup Better Announces SPAC Merger, SoftBank Investment
Better, which mostly sells mortgages and other home equity products, has benefitted from a booming home-buying market.
Facebook Ordered To Stop Processing WhatsApp Data In Germany
A regulator in Germany has ordered Facebook to stop processing WhatsApp data in the country for use with its main social media platform.
Cloud Startup CircleCI Raises $100 Million at $1.7 Billion Valuation
The round illustrates investors' growing interest in tools that help teams of developers manage code changes for cloud apps.
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