DOJ Backs Bill Targeting Business Practices of Amazon, Apple and Google
The FTC, led by Amazon critic Lina Khan remains silent on the proposal.
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FTC Sues to Block TurboTax Ads It Alleges Mislead Consumers
The lawsuit follows a lengthy investigation and seeks a temporary injunction of Intuit's allegedly misleading ads for its popular tax-filing software.
Singapore’s Sea Shuts Down E-Commerce Business in India
The Southeast Asian internet giant is reviewing its strategy for global expansion to focus its investments on more promising markets such as Brazil.
Biden Adds Taxes for Rich, Corporations, and Crypto in Budget Proposal
It’s unclear if the proposal, aimed to reduce the deficit by $1 trillion over 10 years, will make it through Congress.
Apple Cuts Production on Ukraine War, Rising Inflation
The move is an early sign of how global tech brands are adjusting to the global slowdown in consumer spending.
HP Inc. Targets Remote Work in $1.7 Billion Poly Acquisition
HP Inc. fought off a lengthy takeover bid from Xerox two years ago, and now it is trying to buy headset maker Poly in what would be its largest-ever acquisition.
Huawei’s 2021 Revenue Down 29% as U.S. Sanctions Hurt Smartphone Sales
The Chinese tech giant's revenue from its consumer business, which consists mainly of smartphones, fell 50% last year.
Tesla to Halt Shanghai Plant for Four Days on Covid Lockdown
Tesla initially said it would shut just Monday but later said it would be closed until Thursday as Shanghai announced a lockdown to curb a Covid outbreak.
Meituan’s Stock Jumps 12% on View Short-Term Challenges Priced In
Analysts say the Chinese food delivery giant's long-term business outlook remains intact despite China's economic slowdown and Beijing's regulatory pressure.
Apple Beats Netflix for First Best Picture Oscar
The film “CODA,” about the child of deaf parents, won best picture at the Academy Awards, beating Netflix for the coveted prize.
China’s State Media: Regulators Trying to Solve U.S. Audit Dispute “As Soon As Possible”
A state-run newspaper says regulators in the U.S. and China have shown a "pragmatic attitude" to prevent U.S.-listed Chinese stocks from getting delisted.
Apple closes Russian payment loophole
Russia’s home-grown Mir payment card system had to continued to function with Apple Pay even as MasterCard and Visa payments had quit working.
U.S. and EU Reach New Cross Border Data Sharing Agreement
The White House announcement was light on details but is a welcome relief to US and EU tech companies.
Former TikTok Content Moderators Sue Company
The lawsuit, which alleges that TikTok violated California labor laws, comes at a sensitive time for the social media giant.
Chinese Food Delivery App Meituan’s Revenue Growth Slows
Meituan's quarterly results come as China's tech giants are grappling with the country's economic slowdown and Beijing's regulatory crackdown.
Instacart Cuts Valuation by 38% to $24 Billion
The decision comes amidst a sell-off in similar publicly-traded stocks and a sharp slowdown in revenue growth.
EU Lawmakers Reach Deal on Sweeping New Rules to Rein in Tech Giants
The Digital Markets Act is one piece of a global push to regulate the tech sector.
U.S. Regulator Says Hopes for Deal Over U.S.-Listed Chinese Stocks “Premature”
The Public Company Accounting Oversight Board said the U.S. requirement for full access to relevant audit documentation is "not negotiable."
Apple Says Epic’s Appeal in App Store Antitrust Case Should be Rejected
It will likely be at least a year before the U.S. Court of Appeals for the Ninth Circuit issues its ruling.
SoftBank Seeking $60 billion Valuation for Arm
The valuation would be off the charts compared to multiples for other chip firms
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.
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