Wells Fargo Overcharged on Fees, Agrees to $35 Million Penalty, SEC Says
Bank also paid affected accountholders about $40 million to reimburse for the excess charges
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Recent Editions
PE Firm Veritas Makes Bid to Buy BlackBerry
The former smartphone maker now focuses on automotive software and cybersecurity
Instacart IPO Paperwork Lets Potential Investors Look Under the Hood
Friday filing sets the grocery delivery service up to likely begin trading next month
Klaviyo Turns Profitable Ahead of IPO
The marketing firm’s filing also revealed more details about its close relationship with Shopify.
Tiger Global Addresses ‘Malicious’ Online Attacks
Tiger told its limited partners that it has "engaged with experts" in response to "malicious attacks" it believes are coming from a former employee.
ESPN Considers Charging $35 for New Streaming Service
Amazon is one of a number of companies that have shown interest in an ESPN partnership.
Dropbox Axes Unlimited Cloud Storage for Businesses
Dropbox ends one of the last remaining unlimited cloud storage options on the market after Google made a similar move in May.
Affirm’s Loss Widens as Revenue Growth Accelerates
Affirm’s revenue growth in the June quarter accelerated from the March quarter, helping lift the stock.
Mastercard, Binance End Crypto Card Partnership
Binance also paused applications for its Visa crypto card, which it offered to users in Europe.
Mortgage Firm Better’s Shares Plunge After SPAC Deal
Still, Better winds up with a significant capital infusion from SoftBank
DOJ Sues SpaceX Over Hiring Discrimination
SpaceX falsely claimed export laws restricted hiring, according to the DOJ.
OnlyFans Users Spent $5.6 Billion on Adult Content Site Last Year
OnlyFans' business is booming as users spent more than $5 billion on the adult content site last year.
Shein and Forever 21 Strike Partnership
The e-commerce giant will acquire roughly a third of Forever 21’s parent company.
SpaceX Works With Cloudflare to Speed Up Starlink Service
Elon Musk's satellite service has historically struggled to provide the same speed of service to dense urban areas where there are more people competing for bandwidth.
TikTok Mulls Banning Links to Outside Commerce Sites
Barring external ecommerce links is a page out of the playbook of TikTok’s Chinese sibling app Douyin.
Nvidia Projects 170% Revenue Growth in October Quarter
The news keeps getting better for Nvidia shareholders.
Live Shopping Startup CommentSold Acquires Popshop Live’s Assets
Live shopping company CommentSold acquired the assets of rival Popshop Live.
HIG Capital to Buy Ascent Logistics From Elliott Management
Ascent, which focuses on fast freight delivery, saw an uptick in demand during Covid
Tiger Global to Sell Stake in AI Startup Cohere
The deal with value the startup at around $3 billion, a 40% markup from the startup's last round
Salesforce Leads Investment in Hugging Face, Doubling Startup’s Valuation
The new round more than doubles the New York-based startup’s valuation from its last fundraising in May 2022.
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