China Fines Two Online Education Apps for Misleading Consumers
The fines against Tencent-backed Yuanfudao and Alibaba-backed Zuoyebang comes as regulators take sweeping action against online enterprises.
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The Information AM
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Splunk Adopts Permanent Remote Work Policy
The San Francisco-based data analytics firm becomes the latest to give employees the option of working from home indefinitely.
New Software Platform The Archivist Raises $2 Million From Ashton Kutcher, Edward Norton
The startup's software platform offers high-end fashion brands the chance to get a cut of the used goods market which is now dominated by retailers like The RealReal.
Ant Group Looks to Revamp Healthcare Service Amid Beijing’s Crackdown
The Chinese fintech giant continues to face a major restructuring as Beijing tightens its control over online financial services.
Amazon Delivery Van Drivers Pushed to Drive Recklessly to Meet Quotas
Some Amazon delivery van drivers have been instructed to disable software used to identify risky driving behavior in order to complete deliveries quickly
Bill.com to Acquire Fintech Startup Divvy for $2.5 Billion
Bill.com makes a big move to diversify its product lineup into corporate card spending and expense management.
Ex-Amazon Exec Jeff Blackburn Leaves Bessemer
He is leaving his short-lived stint in venture and is considering management jobs.
The Athletic Eyes New York Times Merger
The likelihood of a deal between the two is low given The Athletic's valuation.
ViacomCBS to Reduce Licensing Shows to Competitors
The apparent reversal in strategy comes as the company sees growth in its streaming service.
ReCharge Raises $277 Million at $2.1 Billion Valuation
The e-commerce software platform will use the fundraising to finance geographic expansion and accelerated product development.
Tencent Trying to Prevent Forced Divestment of Riot, Epic Games
A divestment would have a major impact on Tencent as these are two of its most valuable investments and bring in billions of dollars in revenue.
Uber’s Ride Hailing Business Performed Slightly Better in Q1
Uber's ride-hailing business didn't recover as much as Lyft's, likely a result of Uber's operations in countries where the pandemic has worsened recently.
Microsoft Gaming Exec Details Failed Bid to get Cloud Gaming Service on iPhone
The testimony from Microsoft’s Lori Wright highlights the contentious relationship between Apple and its developers.
Google Offers More Remote Work Options
A Google CEO memo Wednesday gave workers more flexibility to work away from their core office and didn’t mention a prior commuting distance requirement
Peloton Recalls Treadmill Over Safety Concerns
Peloton is recalling its treadmills over safety concerns after initially resisting pressure to do so.
Biden Drops Trump-Era Rule on Gig Workers
The move is the latest signal that the Democratic administration is looking for ways to give workers employed by app-based services more leverage .
NYT’s Digital News Surge Peters Out
The New York Times' digital news subscriptions soared in 2020 but that growth appears to have all but disappeared so far this year.
Facebook’s Oversight Board Upholds Trump Ban, Calls for Review
The former president was banned from Facebook and Instagram in January.
iRobot Cuts Ties With Hong Kong Manufacturer Over China Tariffs
The move is a direct result of the U.S.-China trade war, which has made it more expensive for some American companies to import products from China to the U.S.
Lyft’s Revenue Shrinks 36% as Pandemic Ebbs
Lyft's business did better than executives had expected in mid-February.
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