Robinhood Acquires Recruiting Firm Binc
The deal doubles the size of Robinhood's recruiting organization amid record growth.
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The Information AM
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China’s Government Asks Alibaba to Sell Media Outlets
The government's move is a sign of growing pressure on Alibaba, partly due to the government's unhappiness with founder Jack Ma.
Didi Says Driver Rammed and Killed a Passenger After a Quarrel
The murder allegation puts renewed pressure on China's biggest ride-hailing firm which ramped up security measures after two women passenger were killed by their drivers in 2018.
India Could Ban Cryptocurrency Trading and Mining
The potential ban could be a major blow to cryptocurrency by criminalizing even holding the digital assets, going further than even China's restrictions.
Court Ruling Halts U.S. Investment Ban on China’s Xiaomi
The ruling is a victory for Xiaomi, the world's third-largest smartphone maker that competes with Apple and Samsung.
Stripe Raises $600 Million at $95 Billion Valuation
‘We’re investing a ton more in Europe this year, particularly in Ireland,’ says Stripe President John Collison.
Zoom Sues RingCentral for Trademark Infringement
The market for cloud-based collaboration products has exploded during the pandemic, and now two longtime business partners are butting heads.
Short Seller Hindenburg Stings Another Electric Vehicle SPAC
Retail investors may be realizing that public companies that have no product and no revenue might not be a sure thing.
Google and Microsoft Engage In War of Words
Microsoft has lately backed efforts by the Australian government to govern how much money internet firms pay for content.
Republican Senator Supports Unionizing Workers To Punish Amazon
Republican Senator Marco Rubio wrote an op-ed for USA Today arguing in favor a unionization effort at an Amazon warehouse in Alabama.
Advertisers Commit $80 Million to HBO Max
The company plans to launch the ad supported version of the service in June.
Ant CEO Quits
The sudden resignation of the Ant CEO follows last year's abrupt suspension of the company's much anticipated IPO amid a Chinese regulatory crackdown on its business.
China’s Antitrust Regulator Fines Tencent, Baidu, Didi for Past Deals
The move comes as Beijing is ramping up its effort to rein in China's most powerful tech giants.
Tencent, Walmart to Invest in Japan’s Rakuten in $2.2 Billion Deal
Rakuten's fundraising could intensify competition in one of Amazon's largest international markets.
Facebook Once Again in Hot Water Over Content-Moderation
Facebook's AI research teams have reportedly been more focused on responding to accusations of political bias than with stemming the flow of toxic content.
Kilar Received $48 Million Stock Grant on Hiring to Run WarnerMedia
The stock grant appears large by AT&T standards but is in line with what is granted in the media and tech industries.
Instacart Adds Snowflake CEO to Board
Slootman has taken three companies public, so his appointment appears to be the latest signal Instacart is preparing to go public.
Chinese Regulators Considering Huge Fine Against Alibaba
The government is considering taking action against Alibaba, possibly including forcing it to divest some assets.
Alibaba Plunges Into China’s Grocery Delivery Fight
Alibaba is late to a field crowded with competitors who have invested billions of dollars in local grocery delivery services.
China, U.S. to Establish Rare Cooperation in Chip Industry
The move could signal a thaw of relations between the U.S. and China over chip making.
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