Deliveroo Drops 30% on Stock Market Debut
It was a disappointing IPO for the Amazon-backed food delivery company and marks a setback for the U.K.'s efforts to keep startups listing locally.
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Alibaba, DST Lead $750 Million Round for Chinese Grocery App Nice Tuan
In China, the fast-growing market for online grocery apps has become the hottest battleground for tech giants and startups.
Amazon Plans for Return to ‘Office-Centric Culture’
Amazon on Tuesday released new details about its post-pandemic plans.
Networking Device Firm Accused of Security Breach Cover-Up
Ubiquiti told its customers more than two months ago that a breach of a third-party cloud provider may have leaked their data, but there's more to the story.
Spotify Acquires Live Sports Talk App
Live audio chatting has become all the rage during COVID, but will it last?
Facebook to Hire Chief Business Officer After Exec Departure
David Fischer has been at Facebook for more than a decade running ad sales and more recently oversaw the company’s business expansion into India.
Epic Games Takes Fight Against Apple to U.K.
Epic Games has filed a new antitrust complaint against Apple with the U.K. competition authority.
Xiaomi Says Will Invest Up to $10 Billion in Making an Electric Car
Lei Jun, the founder of the Chinese smartphone maker, will head the new electric vehicle unit, entering a field crowded with competitors including Tesla.
Andreessen Horowitz Doubles Down on Substack
The Silicon Valley venture capitalist led a $65 million round of investing that valued the hot startup at $650 million.
Didi’s Autonomous Driving Unit Plans to Raise $500 Million
The move comes as bankers and investors expect Didi, one of the world's most highly valued venture-backed startups, to go public later this year.
Alternative Energy Firm Envision and Sequoia China Launch $1.5 Billion Investment Fund
The announcement for a 10 billion yuan fund for to invest in carbon neutral technologies comes after China said it would be carbon neutral by 2060.
SolarWinds Hackers Accessed Emails of DHS Leaders
New details in last year's hacking of network management software firm suggest major changes are needed to fortify U.S. government networks.
Amazon-Backed Deliveroo Sets IPO Price at Bottom of Expected Range
Several institutional investors have said they'll skip Deliveroo's IPO because of concerns about working conditions for its couriers.
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.
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.
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