TikTok’s European Revenue Hits $990 Million in 2021
TikTok's European revenue soared 477% to $990 million in 2021.
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Apple’s App Store Revenue Fell in September Quarter, Analyst Estimates
Apple's App Store, once a hugely profitable growth engine for the iPhone maker, is slowing down as consumer spending shifts away from app purchases.
Google Translate Not Available in China Anymore
The move to shut down the service in China was done because of low usage, the company said.
Billionaire Founder of JD.com Settles Rape Allegation Lawsuit Before Trial
Details of the settlement between JD.com’s founder Richard Liu and Liu Jingyao, a student who accused him of rape in 2018, where not revealed.
TikTok Plans to Launch Live Shopping Platform in U.S.
The move comes after TikTok's parent ByteDance over the past few years built one of China's biggest e-commerce businesses in a challenge to Alibaba.
TaskRabbit Founder Raises Fund to Back Startup Investors From Underrepresented Groups
Female-led venture funds have raised far more capital this year than last year.
Intel’s Mobileye Files for IPO as Tech Firms Renew Interest in Public Listings
While Intel has overseen a tripling of Mobileye’s revenue and free cash flow, its leadership decided that the asset would be worth more outside Intel after all
Uniswap Labs in Talks to Raise Round at $1 Billion Valuation
The startup is aiming to raise between $100 million and $200 million.
ServiceTitan CFO Burt Steps Down
Burt's departure could complicate software firm's plans to go public anytime soon.
Judge Denies Musk Request for More Twitter Documents
Musk will have to argue his case without more documents on mDAU.
Microsoft Says Hackers Are Breaching Exchange Servers
It’s the second time in two years the company has scrambled to respond to major security flaws in its widespread email software.
Top Apple Supply Chain Executive Leaves After Crude Remark on TikTok
Apple Vice President Tony Blevins was known as a hard-charging supply chain executive who had a knack for driving down prices.
Google to Shut Down Stadia Cloud Gaming Service
Stadia, Google's three-year-old foray into cloud game streaming, will be shut down in January due to a lack of adoption.
Peloton to Sell Through Dick’s Sporting Goods
Peloton shares fell 15% to a new low of below $7 in response to the news.
Facebook Parent Meta Announces Hiring Freeze
Facebook parent company Meta Platforms told employees it was freezing hiring and restructuring some teams.
Chinese Video App Bilibili to Change Hong Kong Listing Status
The move, which makes it easier for investors in mainland China to buy Bilibili's Hong Kong-listed shares, comes as the stock has fallen 66% this year.
Apple Removes Russia’s Largest Social Media App
Apple said its removal was due to recent U.K. sanctions against Russian parties amid the country’s war with Ukraine.
TripActions Said to File Confidentially for IPO
The filing suggests some tech startups and their investors are hopeful the IPO market will reopen next year.
Stripe Revenue Rises 66% to $2.255 Billion for Dublin-based Unit
Pre-tax losses fell to $22.12 million from $135.5 million.
Amazon Boosts Average Warehouse Worker Pay By $1 an Hour
Amazon is boosting its average starting pay for hourly employees by about a dollar.
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