China Slaps Meituan With $533 Million Anti-Monopoly Fine
The penalty for Meituan is part of the Chinese government's broader regulatory crackdown on the country's internet giants such as Alibaba, Tencent and Didi.
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Tesla to Move Headquarters to Texas From California
Tesla joins other California-based companies such as Oracle and Hewlett Packard Enterprise that have moved to Texas or are planning to do so.
China’s Central Bank Says Fintech Crackdown Will Continue
The Chinese government's regulatory crackdown has escalated since it forced financial technology giant Ant Group to cancel its initial public offering last November.
Google Bans Monetization of Climate Change Denial Content
Google's move is one of the most drastic measures taken by internet giants in their efforts to fight misinformation related to climate change.
Google Gives Employers More Power to Monitor Workers’ Smartphones
Google is getting in the habit of sharing workplace monitoring tools with other companies.
WeWork Posts Highest Monthly Revenue Before SPAC Merger
CEO Sandeep Mathrani said he was confident about WeWork’s future amidst increasing revenue and reduced operating losses.
Microsoft Says Most Cyberattacks Originating From Russia
State-sponsored hackers in Russia have been responsible for a vast majority of cyberattacks on the past year, followed by ones in North Korea, Iran and China.
Peloton Rival iFIT Postpones IPO, Citing “Adverse Market Conditions”
iFIT’s postponement raises questions whether other companies will reevaluate plans of going public.
Kanter Appears to Have Wide Senate Support For DOJ Antitrust Spot
Kanter is longtime critic of Google, Apple, Facebook and Amazon.
Privacy Expert Olivier Sylvain Tapped by Lina Khan as ‘Senior Advisor’
Sylvain will advise Khan on rule making and emerging technologies.
IAC to Buy Meredith for $2.7 Billion
Billionaire mogul Barry Diller has got his hands on a magazine giant, which his firm, IAC, hopes to turn into a bigger digital media giant.
Facebook Conducting ‘Reputational Reviews,’ Slowing Product Rollouts: Report
The company is investigating whether products could negatively affect children after facing intense scrutiny from lawmakers.
Macy’s Activist Investor Urges Retailer to Spin Off its E-commerce Business
With the surge in online shopping, Macy's activist investor believes the firm could snag a higher valuation for its online business than its current total market valuation.
Kelly Campbell Jumps From Hulu to Peacock
The move comes as Disney (which controls Hulu) and Comcast (which owns NBCUniversal and Peacock) are feuding over the valuation of Hulu.
Mark Zuckerberg Breaks Silence Over Whistleblower Leaks
Facebook CEO says whistleblower’s claims “don’t make sense.”
Apple Faces European Antitrust Charges Over Apple Pay
This will be the second antitrust shoe to drop for Apple in Europe, where the EC has been conducting a long running investigation into the App Store and Apple Pay.
European Commission Moving to Charge Apple with Antitrust Violations Over Apple Pay
This will be the second antitrust shoe to drop for Apple, following the EC's long running investigation into how the company runs the App Store and Apple Pay.
Facebook’s Zuckerberg Offers Response to Whistleblower
The chances appear slim that the embattled founder’s lengthy post could change many minds after the wave of public criticism triggered by the whistleblower’s leaks.
China Launches Plan to Make Algorithms Fair and Follow Party Ideology
The plan was released last week and aims to set up a comprehensive system in three years.
Amazon’s New CEO Discusses Antitrust Concerns, New HQ1 Location
Andy Jassy gave his first on-stage interview as head of Amazon on Tuesday at the 2021 GeekWire Summit in downtown Seattle.
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