Tencent Music Announces $1 Billion Buyback as Archegos Capital Fallout Hits Asian Tech Stocks
Tencent Music was among China tech stocks held by hedge fund Archegos Capital which were sold last week after margin calls.
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Chinese Video Site Bilibili Falls in Hong Kong Market Debut
Bilibili's weak performance after the Nasdaq-listed firm's secondary listing in Hong Kong could raise concerns for future Chinese tech IPOs later this year.
Slack CEO Hints at New Clubhouse-Style Audio Feature
Stewart Butterfield, co-founder and CEO of Slack, is still aiming to show that his company is more than a workplace chat service.
WeWork Reports $3.8 Billion Losses for 2020
Details of WeWork's financial performance emerged in a securities filing related to its planned SPAC merger that will take it public.
The Athletic Discusses Merger With Axios
The two would combine forces and then possibly go public through a SPAC.
China’s Internet Giants Erase H&M From Their Platforms
The move comes as H&M and other Western brands face a boycott in China after expressing concerns about alleged forced labor by Xinjiang cotton producers.
Congress Fumbles Big Tech Hearing on Misinformation
Few specifics were given by Congress or the tech CEOs on how to reform Section 230, the law that shields internet companies from being liable for what their users post.
Documents Contradict Amazon Statement on Worker Bathroom Conditions
Documents suggest the so-called “peeing in bottles thing” is a real issue.
Vizio Shares Fall 9% on Debut
Wall Street's reaction suggests investors are skeptical Vizio can be the next Roku.
Google Cloud’s EMEA Sales Chief Departs
Chris Ciauri, a veteran sales executive who joined Google Cloud 18 months ago from Salesforce, has left the unit.
U.K. Regulator Worried About ‘Supply of GIFs’ After Facebook-Giphy Deal
Facebook now has five working days to offer proposals to the regulator to head off a more detailed investigation.
WSJ Owner Buys Investor’s Business Daily
The $275 million acquisition strengthens News Corp's presence in the business news market.
Facebook Removes Accounts of China-Based Hackers Targeting Uighurs
Facebook said it removed accounts linked to groups known as Earth Empusa or Evil Eye who were using the social network to trick Uighur and other users into downloading malware.
ViacomCBS Stock Dives, Offerings Fall Short
ViacomCBS stock had soared 170% in the past few months on enthusiasm for its new streaming service, before a big drop on Wednesday.
DigitalOcean Raises $775 Million in IPO, But Shares Drop 10%
Investors are apparently unsure if DigitalOcean's approach of offering simple products and pricing will pan out.
Proton Founder Says Apple Hindering Human Rights by Blocking Security Updates for VPN App
Proton’s Andy Yen is a frequent critic of Apple’s market power
Facebook CEO Zuckerberg Renews Call for Section 230 Changes
Thursday’s hearing likely presages new legislation including Section 230 reform
WarnerMedia Shakes Up Ad Sales Team
The company's long time sales executive Joe Hogan is being replaced by Katrina Cukaj, the former head of ad sales at CNN.
TikTok Owner ByteDance Hires CFO as IPO Expectations Rise
ByteDance’s hiring of Xiaomi senior executive Shou Zi Chew comes as investors and bankers expect the TikTok parent to go public as soon as this year.
Tencent Founder Met China’s Anti-Monopoly Regulator
While China's regulators already have targeted Alibaba, Beijing's heightened scrutiny of major internet platforms could also affect WeChat owner Tencent.
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