Uber Offloads Self-Driving Car Unit to Aurora and Invests $400 Million in It
Removing autonomous vehicle-related cash burn from the balance sheet increasingly seemed inevitable.
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Paysafe Nears $9 Billion SPAC Merger
The deal includes debt from Paysafe’s private equity backers, Blackstone and CVC.
Opendoor Trading to Begin Dec. 21
The listing will complete one of the most high-profile mergers from a special purpose acquisition company this year.
Wish Sets Pricing Range for IPO
The preliminary pricing range values Wish at $13.5 billion.
Ant Group’s Loans Highlight Risks in China’s Financial System
The growth of Ant's lending business likely fueled Chinese regulators' concerns about weaker financial institutions with poor risk management capabilities.
Google Weighs Removing IAC’s Chrome Browser Extensions
Removing these extensions is a major test of Google’s commitment to users because of its lucrative business relationship with IAC.
JD.com Will Accept China’s Digital Currency
China is among the nations moving the most aggressively to develop a central bank-backed digital currency that adopts some aspects of decentralized cryptocurrencies like bitcoin.
Airbnb Raises IPO Price Range by 23%
The company plans to price its IPO at between $56 and $60 a share, its latest securities filing shows.
Sequoia Capital Is Posting 11x Returns on Venture Funds
Many of venture firm Sequoia's portfolio companies are thriving amid the pandemic.
U.S. to Let TikTok Ban Deadline Pass as Deal Talks Progress
Government officials are confident a deal can be reached to restructure TikTok’s operations in the U.S. to satisfy national security concerns.
Activision Sues Netflix for Poaching CFO
It's another in the series of claims against the company for its aggressive hiring practices.
DoorDash Valued at $29.4 Billion After Raising IPO Pricing Range
DoorDash has nearly doubled its valuation since it last raised money in June.
EU Set to Approve Google’s $2.1 Billion Acquisition of Fitbit
European regulators look set to green light Google's acquisition of Fitbit after it made concessions about use of the wearable company’s sensitive health data.
China Claims Major Breakthrough in Quantum Computing
China's racing against the U.S. for supremacy in the super fast computer that could offer advantages in everything from medical to military use.
U.S. in Talks With Huawei CFO to Resolve Criminal Charges
A deal could put an end to a case that has become a source of political tensions between Washington and Beijing.
DOJ Says Facebook Illegally Set Aside Jobs for Foreign Workers
The Justice Department is suing Facebook for failing to adequately recruit U.S. workers for jobs occupied by foreign employees.
WarnerMedia to Debut All 2021 Movies on HBO Max
Such a move would have been considered unheard of just a year ago, but shows how much the coronavirus pandemic is forcing companies to do things differently.
Google’s AI Ethics Co-Lead Said She Was Fired for Email
Timnit Gebru said that she was fired by the company for an email she sent that Google claimed was “inconsistent with the expectations of a Google manager.”
Facebook Uses Anti-Competitive Tactics to Stymie VR Startups
The tactics are similar to how Apple tightly controls its App Store and iOS mobile operating system.
Walmart’s Flipkart Will Spinoff India Payments Platform PhonePe
The Indian e-commerce company's payments platform will raise $700 million from its existing shareholders, valuing PhonePe a valuation of $5.5 billion.
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