Snap Stops Burning Cash, Grows Revenue 66%
Daily users of Snapchat also grew 22% to 280 million, Snap’s highest quarterly growth rate in over three years.
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Recent Editions
Data Analytics Startup Confluent Files Confidentially for IPO
The startup is building a business around open-source Apache Kafka software and was co-founded by former LinkedIn employees.
Sling Launches Sports Betting Channels With DraftKings
As online sports betting becomes more popular, SlingTV is grasping at an opportunity to attract viewers.
JPMorgan Chase Hires Lyft Engineering Chief as Investment Bank CIO
The hiring is the latest example of how large banks are hiring experienced engineers to accelerate their adoption of cloud computing and other emerging technologies.
WarnerMedia Reports Dip in Profit on Higher Programming Costs
Unlike its rivals, WarnerMedia provides few details about the performance of its HBO Max streaming service.
Apple, Google Defend App Store Policies
The hearing came one day after Apple rolled out a competing product to Tile, one of the companies that has accused Apple of anticompetitive practices.
Sony Signs Multi-Year Licensing Deal With Disney
The agreement comes just days after Sony signed a similar deal with Netflix.
Away Makes Co-Founder Jen Rubio Permanent CEO
Rubio's appointment follows a period of turmoil for Away, which has had two CEOs quit in the past year.
Shopify and Pinterest Expand Marketing Partnership
The expansion reflects growing interest among merchants in integrating shopping with social media as a way of drawing in more shoppers.
UiPath Shares Rise 23% in Trading Debut
The gain is good news for investors worried about the performance of publicly-traded cloud software companies, which have fallen 16% since a mid-February high.
Senate Hearing Considers Lina Khan’s FTC Nomination
Khan tells senators she is committed to pursuing the agency's antitrust suit against Facebook.
Apple Supplier Quanta Computer Target of Cyber Attacks
The incident highlights how electronic leaks have become more of a headache for Apple than the physical theft of unreleased products.
TikTok Faces U.K. Claims It Illegally Used Kids’ Data
The lawsuit is being led by a campaigner and former Children’s Commissioner for England, who represents an anonymous 12-year-old girl leading the action.
Tesla Faces Negative Publicity Over Customer Complaint in China
The latest challenge for Tesla comes when the company has enjoyed robust sales in China, the world's largest vehicle market, over the past year.
Foxconn Scales Down Investment Plan in Wisconsin
The scaled down plan will likely add to more skepticism by government officials and others about Foxconn’s investment promises.
Discord Abandons Takeover Talks With Microsoft: Report
The videogame chat company is focusing instead on a potential public offering.
Netflix’s Subscriber Growth Slows to a Crawl
Netflix projects its second quarter growth will come nearly to a complete halt, unnerving investors.
Apple Announces Podcast Subscriptions, Slew of New Hardware
The new subscription service will let podcast creators charge listeners for early access to content, additional episodes, and the option to not hear ads.
Google Antitrust Woes Grow With Daily Mail Suit Over Search Results
The Daily Mail publisher accuses Google of ranking its web pages lower in search results because of reduced ad spending.
Endeavor Sets Pricing Range
Endeavor is raising most of the money from a private placement simultaneous with the IPO, likely raising the chances of success for the offering.
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.
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