Bolt Gets Valuation Lift to $11 Billion
The checkout software firm has raised nearly $1 billion to date, far ahead of its closest rivals.
Weekday mornings
The Information AM
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
Recent Editions
Google Employees Fretted Over Manipulated Ad Auctions: States’ Antitrust Lawsuit
It’s the latest drip of embarrassing details about the world’s most powerful online ad seller.
Imagine in Talks to Sell Majority Stake to UK Firm for Up to 800 Million
The deal would be the latest in the frenzy of M&A around content studios.
FTX Launches $2 Billion Venture Fund, Taps Lightspeed’s Amy Wu
The company joins other major cryptocurrency exchanges setting up venture funds.
Apple May Push Back Mixed Reality Headset Debut to 2023
An announcement was reportedly planned for June, but may be postponed due to development challenges.
Google Spending $1 Billion on London Office Purchase
The U.K. purchase comes as large tech companies debate when to require workers to come back to the office
U.K. Lawyer Brings $3.2 Billion Class Action Lawsuit Against Facebook
This is yet another challenge for Meta in the U.K., where the company was recently ordered by the antitrust regulator to unwind its acquisition of Giphy.
Alibaba’s Grocery Unit Mulls Fundraising at $10 Billion Valuation
The Hema grocery store chain's fundraising raises questions about whether Alibaba could eventually spin off the unit and list it separately.
Alphabet Lets Subsidiaries Control Employee Compensation
Alphabet has given non-Google subsidiaries the freedom to set their own compensation and job structures.
Twitter Credits Remote-Work Policy For Diversity Improvement
The social-media platform saw a significant uptick in the percentage of its employees who are Black or Latinx in 2021.
Microsoft’s Board Authorizes Sexual Harassment Policy Review
Decision to study the company's sexual harassment and gender discrimination policies and practices comes in response to shareholder vote.
Jan. 6 Committee Subpoenas Meta, Alphabet, Twitter and Reddit
The committee criticized the companies for failing to provide adequate information about their respective actions ahead of the attack on the U.S. Capitol.
Meta Ends Development of Sparked, an Experimental Dating App
Sparked’s end is the latest in a line of canceled projects from Meta’s New Product Experimentation group.
TSMC to Boost Capex Spending to as Much as $44 Billion to Meet Strong Demand
The Taiwanese chip maker said quarterly profit rose 16.4% as revenue rose to 24% to nearly $16 billion.
Chinese Report Says TikTok Aiming For $12 Billion Revenue in 2022
Chinese media outlet LatePost's report on TikTok's revenue target comes as ByteDance tries to boost its
Microsoft Hires Senior Server Chip Designer From Apple
Chip veteran Mike Filippo, who has previously worked at ARM Holdings, could help accelerate Microsoft's custom chip development plans.
Miami Startups Raised Record $4.6 Billion in 2021
Miami was the destination of choice for techies, particularly crypto enthusiasts, who fled Silicon Valley in 2020 and 2021.
StockX Taps Banks for IPO
The Detroit-based sneaker resale giant, which has enjoyed the pandemic-driven e-commerce boom, said it planned to go public last year, but those plans could materialize as soon as the first half of this year.
Justworks Delays IPO Amid Market Volatility
Justworks has delayed a public debut initially planned for this week due to market conditions, the human resources and work management software company said in an emailed statement on Wednesday.
DAZN Nears Deal to Buy U.K.‘s BT Sport for $800 Million
The deal would give DAZN, which reportedly fell short of its goal of hitting 13 million subscribers by the end of 2021, access to the English Premier League.
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