Crypto Prices Stabilize After Slide
The price of bitcoin stabilized Thursday following a sharp move lower the previous day. The cryptocurrency’s value has fallen some 30% in the past month.
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German Brokerage App Trade Republic Gets $5.3 Billion Valuation
A German-made alternative to Robinhood, Trade Republic, was valued at $5.3 billion in a Series C funding round led by Sequoia.
Google to Open First Brick-and-Mortar Store
The move makes Google a curator of its products in a way that it has previously left to wireless carriers and electronics stores.
Malone May Sell Control of QVC and HSN to Maffei
The deal is motivated by potential changes to tax laws but also appears to be the latest step in the unwinding of Malone's vast business empire, coming days after Malone agreed to give up his supervoting shares in Discovery.
Tencent Reports Solid Earnings Amid Concerns Over Beijing’s Crackdown
The biggest concern for investors right now is the Chinese government's continued regulatory crackdown on the tech sector and how it will affect Tencent.
U.S. Companies Lobby for Early Release of Jailed Samsung Boss to Ease Chip Shortage
The American Chamber of Commerce urged South Korea to pardon Samsung chair Lee Jae-yong and release him from prison.
ByteDance Founder to Step Down From CEO Role
Zhang Yiming said he would step back from day-to-day management to focus on the company’s longer term initiatives and social responsibility.
Zoom Eyes Virtual Events as Next Growth Area
Facing questions about its ability to continue growing the rapid growth it has seen during the pandemic, Zoom tips its hand on a new product line.
Apple’s MacOS Has ‘Significant’ Malware Problem, Top Apple Engineer Says
Apple’s Craig Federighi says MacOS security is “not meeting the bar today.”
Amazon to Lift Mask Mandate for Vaccinated Workers
Amazon said it will soon lift the compulsory face mask mandate for warehouse employees who have received the Covid-19 vaccine.
Bitcoin Price Tumbles, Dragging Down Crypto Stocks
Regulators in China warned against speculation and banned financial institutions from handling transactions linked to cryptocurrencies.
In Epic Trial, Apple’s Phil Schiller Says He Has Limited Awareness of Apple’s Antitrust Problems
Apple’s former marketing chief is on the stand for his second day of testimony in Epic trial.
Amazon Extends Ban on Selling Facial Recognition to Police
Amazon has said it will wait until laws are created to govern the use of facial recognition before resuming sales, but it's unclear when that will happen.
Google I/O: Android Changes, AI Advances
Pichai and his deputies laid out a raft of product changes, an Android redesign and AI advancements
Coinbase to Launch Media Operation
The newly public cryptocurrency firm is the latest company to seek to develop a content arm.
Robinhood To Unveil IPO Filing Next Week
The stock-trading app filed privately for a U.S. initial public offering in March.
Pinterest Announces New Diversity Targets
After settling a $22.5 million gender-bias lawsuit, Pinterest CEO Ben Silbermann says he is trying to set a “better tone.”
Sony’s China Deal With NetEase Challenges Tencent’s Music Dominance
Sony Music's new deal, which puts an end to Tencent's status as an exclusive digital distributor, comes amid Beijing's antitrust crackdown on tech giants.
Vietnam Asks AirPods Maker to Shut Operations Amid New Virus Outbreak
The order affects Luxshare Precision Industry, a Chinese company that assembles Apple's AirPods headphones in Vietnam.
Apple Gave In to Demand to Move Encryption Keys to Chinese Data Center
While it’s known that Apple ceded control of Chinese user data to a local partner in 2017, the details of that arrangement haven't been previously reported.
Weekday mornings
The Information AM by The Information Staff
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