Thrasio in Talks to Go Public Via SPAC Merger
FBA rollup darling Thrasio is in talks to go public by merging with a blank-check company led by Michael Klein, Bloomberg reported Friday.
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Facebook Acquires Game Maker BigBox VR
Facebook's Oculus unit has acquired BigBox VR, a Seattle-based developer behind the virtual reality games Population: One.
Palo Alto Networks Switches Chief Marketing Officers
Network security company, whose software protects companies from sophisticated cyberattacks, says it made the change in April.
House Lawmakers Introduce Bipartisan Bills to Curb Big Tech
The legislative proposals take aim at Google, Facebook, Apple and Amazon.
Congress Working on Legislation to Break Up Amazon, Apple and Others
House lawmakers are working on legislation that could force the largest technology companies to sell key assets or split into separate companies.
1800Contacts Defeats FTC Antitrust Case Over Online Search Ads
The federal appeals court ruling is part of a string of defeats for the FTC.
U.K. Regulator to Oversee Google Web-Tracking Changes
Google has promised not to give itself an unfair advantage once third-party cookies are phased out in Chrome.
Didi Chuxing Stops Consolidating Loss-Making Grocery Unit Into Earnings
Without the online grocery business, Didi's operating loss could narrow, starting with the quarter through June.
Didi Chuxing’s IPO Filing Shows Fast Rides Growth, Puzzling Financial Reporting
Didi made it exceedingly difficult for investors to compare its business to Uber's and Lyft's.
Bitcoin 2021 Might Have Been a Covid Super Spreader Event
The conference, attended by more than 12,000 participants, took place in a tightly packed warehouse where mask usage was negligible. There were also complaints about long, crowded lines.
Senators Say More U.S. Chip Production Is Critical
Lawmakers say the pandemic made it clear that the U.S. can't rely too heavily on foreign suppliers for semiconductors and other goods.
Intel Reportedly Trying to Acquire Chip Startup SiFive
As Nvidia's $40 billion acquisition of Arm moves slowly through the regulatory approval process, Intel is eyeing a similar startup.
Goldman Sachs CEO David Solomon Says SPAC Activity Has ‘Peaked,’ But IPO Market Remains Strong
In a Clubhouse event hosted by the bank, Solomon and other bankers said they were bullish on the tech IPO market, including the future of direct listings.
Target Taps Former Disney Exec to Help Avoid Outages
After experiencing some high-profile service disruptions in recent years, Target hires a veteran engineering executive who has also worked at Yahoo, Salesforce and Oracle.
Amazon Announces Corporate Employees Can Work Remotely Two Days a Week
Amazon will allow corporate employees to indefinitely work remotely two days a week.
Microsoft Building Xbox App for TVs, Streaming Device
Microsoft plans to let people play Xbox games on TV sets without requiring consoles.
Alibaba Says Will Develop an Autonomous Truck
Alibaba’s Chief Technology Officer Cheng Li will partner with its logistics subsidiary Cainiao to make a self-driving truck.
Singapore’s Grab Pushes Back Target Date for $40 Billion SPAC Merger
SoftBank-backed Grab, which originally aimed to complete its merger with Altimeter Growth by July, now expects to close the deal in the fourth quarter.
Starz Sues Disney Over Star+
Starz is suing over copyright infringement arguing the streaming service is too similar to its own StarzPlay offering
Sequoia Capital Considers Modifications to Fund Structure
The changes could help the Silicon Valley firm avoid increased taxes to carried interest proposed by the Biden administration.
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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