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.
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The Information AM
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Recent Editions
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.
Box Dismisses Call for Board Changes as Activist Battle Looms
After Starboard Value vowed to appoint more of its own directors, Box insists that its board is just fine as currently constructed.
Tiger Global Seeks $10 Billion For Next Growth Equity Fund
The firm, which closed on $6.7 billion last month, is already plotting its next raise.
Twitter Acquires Subscription News Service Scroll
The team will join Twitter to help develop its forthcoming subscription product.
Crypto Fund Multicoin Raises $100 Million
New York-based Multicoin Capital has raised $100 million for its second fund.
Alphabet Investor Asks Shareholders to Back Whistleblower Policy Report
Trillium Asset Management urged fellow shareholders to support a proposal seeking a review of Alphabet’s whistleblower policies.
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