Instacart, U.S. Grocery Delivery Leader, Plans Early 2021 IPO
Late-stage tech firms continue the mad dash to go public
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Twitter Says Election Labels Slowed Engagement
Prompts to comment before retweeting slowed the spread of labelled posts.
TikTok Gets Reprieve Pending Outcome of Litigation
The Commerce Department said today that it wouldn't enforce its plans to shutdown TikTok while legal challenges make their way through the courts.
Cisco’s Sales Dip 9%, But Big Deals Picking Up
Cisco's data center hardware business has been hard-hit by Covid-19, but CEO Chuck Robbins says there's light at the end of the tunnel.
Palantir Posts 52% Revenue Growth in the Third Quarter
New Palantir contracts in Q3 include the U.S. Army, National Institutes of Health and a $300 million renewal with an aerospace customer.
Disney Plus Reaches 73.7 Million Global Subscribers
Disney's September quarter results showed less of a revenue decline than in the September quarter, a sign that the impact of the pandemic was moderating.
Goldman Sachs Promotes 7 Tech Bankers to Partner Status
The new partners span expertise in software and internet banking, equity and debt capital markets, convertibles and private placements.
Instagram Updates App to Feature Shopping, Reels
Instagram chief Adam Mosseri also says it plans to introduce ads within Reels, its competitor to TikTok.
Klobuchar Says Google Breakup Should Be “On the Table”
A top Democrat who is rumored to be in the running to be the next U.S. Attorney General said that the a breakup of Google should be under consideration.
Airbnb Considers Listing on Eric Ries’ Long-Term Stock Exchange
The LTSE would require Airbnb to meet certain social and governance standards
Trump Mulls Video Service to Rival Fox News
The plan reportedly came out of his frustration that Fox News has turned on him.
Biden Taps Tech Veteran Ron Klain as White House Chief of Staff
Ron Klain, President-elect Biden's choice for chief of staff, is one of many tech industry vets with close ties to the next administration.
Chesky Plans to Donate $10M to Frontline Worker Nonprofits
Chesky is already a billionaire, at least on paper. But there will be a greater focus after the IPO on what he decides to do with his money.
Pinduoduo Revenue Rises 89%
Revenue was 14.2 billion yuan ($2.14 billion) while net losses fell to 784.7 million yuan from 2.3 billion yuan a year earlier.
Apple’s Contract Manufacturers Take Revenue Hit From iPhone Delay
Apple’s decision to push back the launch of this year's iPhone has had ripple effects on its two biggest contract manufacturers.
ByteDance on Track to Earn $27 Billion in Ad Revenue
ByteDance has surpassed Chinese search engine Baidu to become the world’s second biggest digital advertising platform in terms of spending.
Facebook, Google Extend Bans on Political Ads
The ban on political ads by Facebook and Google highlight ongoing concerns that the largest digital platforms are conduits for misinformation.
Microsoft Hires Ex-McAfee CEO as Business Development Chief
Chris Young, an industry veteran who previously worked at VMware, Cisco, Intel and McAfee, is taking over for the departed Peggy Johnson.
SoftBank’s Son Directing Daily Tech Stock Trades
SoftBank has raised tens of billions in asset sales in recent months, avoiding a financial crisis. Now the question is whether the company will make another big, risky investment.
Alibaba Stock Falls Nearly 10% Despite Biggest Annual Shopping Event
Investors continue to sell Chinese tech stocks due to concerns about the impact of China's new antitrust rules.
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