Reddit Co-Founder Alexis Ohanian Raising $150 Million Fund
Ohanian left Initialized Capital, the early-stage VC fund he co-founded, in June.
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Recent Editions
Senate Panel Seeks to Subpoena Tech CEOs Over Liability Shield
Republicans on the Senate Commerce Committee scheduled an Oct. 1 vote on whether to compel the CEOs of Facebook, Twitter and Google to testify.
Google Expected to Crack Down on App Store Payments
Companies like Netflix, Spotify, and Epic Games have bypassed Google’s in-app purchase rules for years, Bloomberg reports.
European Commission to Appeal Apple Tax Defeat
The July decision was seen as a defeat for European regulators' efforts to clamp down on sweetheart tax arrangements in the European Union.
Tesla’s Growth in China Helps Local Rivals Raise More Money
As Tesla’s sales in China grow, local electric car makers are going public and expanding their production.
Google Suffers Outage
Service was restored within an hour and the company said it ruled out sabotage.
Global Climate Tech Investment Reached $16 Billion Last Year
Climate tech is the "next frontier for venture capital," according to a detailed new research report.
Hacker Uses Microsoft 365 Logins in Government Server Attack
In an unusual case, a hacker used legitimate authentication credentials to gain access to a government server and steal data.
Amazon Unveils New Echo and Ring Products, Confirms Game Streaming Service.
Amazon's new Echo and Ring products include the Echo Show 10, with a swiveling camera that follows people around the room and streams entertainment—including Netflix.
Spotify Signs Deal With Chernin to Turn Podcasts Into Movies
The deal shows Spotify's expanding ambitions with podcasting.
ChargePoint to Go Public in $2.4 Billion SPAC Deal
ChargePoint will get access to $493 million in cash that it can use to expand its network in North America and Europe.
Epic Games, Spotify Form Coalition for App Fairness
The coalition lists its principles, starting with the rule that "no developer should be required to use an app store exclusively."
WeWork Sells Control of China Business
The decision to cede control of WeWork China to Trustbridge Partners is part of the co-working giant's companywide restructuring.
ByteDance Applies for Chinese Export License
ByteDance says its deal with Oracle to avert a U.S. ban of its popular video-sharing app TikTok doesn't involved exporting its technology.
ByteDance Asks Judge to Block TikTok Ban, Citing ‘Irreversible’ Harms
The head of TikTok said the ban would “irreversibly harms us by destroying our ability to grow and maintain users."
TPG Buys Sports Sites Amidst Pandemic
Among the string of acquisitions, TPG is buying DAZN's Goal digital soccer brand.
Google’s Chronicle Gets Major Cybersecurity Upgrade
With the addition of threat detection, Google Cloud will compete more directly with third-party cybersecurity companies like Splunk.
Robinhood Valued at $11.7 Billion
Robinhood has announced another $460 million in venture capital funding, bringing its Series G to a grand total of $660 million.
GoodRx Stock Climbs 39% in IPO Debut
GoodRx is one of the few profitable companies to go public in this year’s crop of IPOs.
Four Former eBay Employees to Admit to Cyberstalking Conspiracy
Six former eBay employees were charged in June over a harassment campaign that involved sending a bloody pig mask and live cockroaches to a couple who published an online newsletter critical of eBay.
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
