Alibaba’s Ant Financial Hoping for $200 Billion IPO
News of Ant's IPO plans comes as the Chinese stock market has been roaring ahead, raising questions about the longevity of its rally
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Thousands of Tech Startups Received PPP Loans
California based internet companies backed by private investors are among the PPP beneficiaries.
Twitter Building Subscription Service
Twitter shares jumped roughly 8% on the discovery of a job listing that says the company is building a subscription service.
TikTok Under Investigation for Violating Kids’ Privacy Rules
In another sign of U.S. pressure on TikTok, the video platform with roots in China, regulators are reviewing its collection of kids' data.
Facebook’s Civil Rights Auditor Says Inaction on Trump Posts Raises ‘Grave Concerns’
‘The public attention on Facebook's practices make it a business imperative that they pay more attention to these issues,’ the head of the audit said.
Omnicom Strikes $20 Million Podcasting Ad Deal With Spotify
The ad deal reflects growing interest among marketers in podcasting.
Ride-Hailing Giant Didi Tries Out China’s Digital Currency for Payments
China is pushing ahead with a digital currency, which could give the government more control over the flow of money.
U.S. Investigates TikTok for Allegedly Violating Agreement to Protect Child Privacy
As the Trump administration says it is considering banning TikTok, U.S. officials are looking into whether TikTok broke a 2019 agreement on protecting children's privacy.
E-Commerce Startup Verishop Launches New Social App
The app combines influencer content with shopping features.
Zoom, ServiceNow Form Subscription Software Pact
The two subscription software providers, whose businesses have continued to grow amid the pandemic, are now using each other's products.
Facebook Fails to Temper Ad Boycott Organizers
"Company’s leaders delivered the same old talking points to try to placate us without meeting our demands," said one of the boycott organizers.
Walmart Set to Launch Rival to Amazon Prime This Month
Walmart is preparing to launch Walmart+, its alternative to the Amazon Prime membership service, later this month.
Uber Launches Grocery Delivery, Completes Partial Acquisition of ‘Cornershop'
Cornershop is a Latin American version of Instacart that recently expanded to the U.S., where it is facing resistance from grocers.
Alphabet’s Loon Launches First Commercial Service in Kenya
Loon’s 35 high-altitude balloons will be able to beam a 4G LTE network connection across a nearly 31,000-square-mile area, including Kenya’s capital, Nairobi.
Magic Leap Names Microsoft Executive as New CEO
Magic Leap named Peggy Johnson, a prominent Microsoft executive, as its new CEO, as the struggling augmented reality startup plots a new business direction.
Seattle Council Passes New Tax Aimed at Amazon
Seattle's city council on Monday passed a new law to fund affordable housing that is aimed at the city's biggest employers, including Amazon.
Palantir Files for IPO
Palantir, co-founded by the Peter Thiel, didn't reveal any financial details or disclose what valuation it is seeking in its filing for a public stock offering.
TikTok Pulls Out of Hong Kong as Pompeo Says U.S. Might Ban the Video-Sharing App
The Chinese-owned app's decision to pull back from Hong Kong comes as Facebook and WhatsApp said they would suspend user data requests in the Chinese territory.
Big Tech’s Antitrust Hearing Set for July 27
The CEOs of Amazon, Apple, Facebook and Google will testify before a House panel amid inquiries into how the companies use their market power.
Clearview AI Stops Selling Facial Recognition in Canada
Clearview, which has provided its facial recognition software to more than 600 law enforcement agencies in the U.S., pulls out of the Canadian market.
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