Founder of Electric Vehicle Startup Nikola Steps Down
Trevor Milton stepped down as chairman of the company he founded as it fights allegations it lied to investors. The company has partnered with GM to make a pickup truck.
Weekday mornings
The Information AM
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
Recent Editions
ByteDance Insists It Will Own Majority of TikTok Global
ByteDance's statement in Chinese describes the TikTok deal very differently from how Oracle and Walmart describe it.
Chinese Investment in TikTok Global to be 36%, Down from 45% in ByteDance
One question still outstanding is the valuation at which Oracle and Walmart will invest.
Federal Judge Halts Ban on WeChat U.S. Downloads
U.S. downloads of the messaging app owned by China’s Tencent had been scheduled to be blocked at midnight.
TikTok Deal With Oracle and Walmart Wins Trump’s Approval, Delaying Ban
Trump approved a deal in which Oracle and Walmart would together buy 20% in a new entity called TikTok Global, with TikTok owner ByteDance and its investors owning the remaining 80%.
Unity Software Sees 30% Surge in Stock After IPO
Unity Software, a maker of software tools for game developers, joined a flurry of tech IPOs, seeing its shares surge more than 30%.
NBCU Reaches Deal with Roku for Carrying Peacock
The company has been in a clash with Roku over terms for its Peacock app
U.S. to Ban New TikTok, WeChat Downloads Starting Sept. 20
App stores will not be allowed to distribute both apps, and financial transactions in WeChat will be barred.
Apple Debuts Online Store in India Ahead of Holiday Season
Selling direct instead of through third-party retailers could give Apple a better shot at competing against Chinese brands like Xiaomi that dominate India.
White House Looks Into Tencent’s U.S. Video Game Stakes
The move is the latest indication of how the Trump administration is ramping up its scrutiny of Chinese tech companies.
Max Levchin’s Affirm Secures $500 Million
Fintech unicorn Affirm has raised another $500 million amid reports its prepping for an initial public offering.
Nvidia’s Arm Acquisition May Face Hurdles in China
Nvidia has been diversifying its business beyond gaming in recent years, but the Arm deal will face plenty of regulatory hurdles.
Fitness Startup Tonal Raises $110 Million
The company, which sells $3,000 exercise equipment, is the latest fitness startup raise capital amid a flurry of deals.
Facebook to Strengthen Rules for Internal Employee Communication
The shift comes after some Facebook staffers have increasingly turned to sharing their opinions about social issues internally.
Uber Hires New CTO From Amazon
This will take some of the load off CEO Dara Khosrowshahi's shoulders.
TikTok Plans U.S. IPO in Oracle Deal, Approaches Instagram Cofounder: Reports
The changes could appease the U.S. administration's concerns over TikTok's ownership.
Investments Between U.S. and China Fall to Nine-Year Low
The decline was due to escalating political tensions as well as the impact from the coronavirus pandemic, according to a report from Rhodium Group.
Sumo Logic Prices IPO at $22 Per Share
The pricing gives the data analytics firm a $2.2 billion public valuation, or nearly twice its private valuation.
Slack Shuffles HR, Chief of Staff to CEO Roles
Slack, after announcing last month that it won't reopen offices until at least June 2021, appoints a new HR leader and chief of staff to the CEO.
U.S. Officials Concerned About Oracle’s TikTok Bid
Oracle’s proposal for TikTok reportedly “falls short of resolving concerns of Trump administration officials."
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