Italian BNPL Startup Scalapay Raises $497 Million Series B
The fintech startup is now valued as high as $1.5 billion as consumer use of short-term installment loans to buy goods online continues to rise.
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Allbirds Will Start Selling Through Other Retailers as Costs to Open Stores Mount
The wool sneaker seller exceeded revenue expectations for full year 2021, but it moved further away from net profits as it aggressively expanded its physical retail footprint.
Meta Announces New AI Projects for Metaverse, Speech Translation
CEO Mark Zuckerberg is confident that AI-powered universal translation is achievable "within our lifetimes."
Europe Proposes New Laws to Force Big Tech to Share Device Data
As part of the European Commission’s proposals, tech companies would need to share non-personal data they collect from connected devices with smaller firms.
Intel selects Magdeburg for European factory site, German media reports
With at least four new factory sites announced, the question remains whether Intel can fill up those factories with orders to keep them profitable.
Hong Kong Considers Easing Listing Rules for Big Tech Firms
The discussions come as Hong Kong is struggling to maintain its status as one of the top global ventures for initial public offerings.
TikTok Owner ByteDance to Shut Down Securities Businesses
The move shows how Beijing's regulatory crackdown on the internet sector, including online financial services, is causing tech giants to make adjustments.
Bitcoin Prices Rebound to Over $38,000 Amid Russia-Ukraine Turmoil
Bitcoin prices edged up to more than $38,000 Tuesday after falling for most of the past week as Russia has amped up its aggression toward Ukraine.
Slack Recovers From Five-Hour Service Outage
Slack, which is no stranger to service outages affecting its workplace collaboration service, suffers its first major one since being acquired by Salesforce.
Facebook Launches Ad-Revenue Sharing on Short-Form Reels
Meta Platforms is introducing ad-revenue sharing to its TikTok competitor Facebook Reels.
SoFi to Acquire Banking Tech Firm Technisys in $1.1 Billion All-Stock Deal
SoFi will acquire banking infrastructure firm Technisys in a $1.1 billion all stock deal.
Cryptocurrency Trading Platform Amber Raises $200 Million at $3 Billion Valuation
Investors in the firm founded by former Morgan Stanley bankers include Singaporean state investment firm Temasek, Sequoia China, Pantera Capital and Tiger Global.
Fear of New Regulatory Crackdown Drives Down China Tech Stocks
Shares in Alibaba, Meituan and Tencent were among those hard hit as investors worried China might launch more restrictions on its tech giants.
Tencent Dismisses Online Rumor About New Regulatory Crackdown
China's internet sector continues to face a tough environment after Beijing's crackdown over the past year and an economic slowdown.
Trump’s New Social Media App Available on Apple App Store
The former president launched Truth Social and had been banned from Twitter, Facebook and Google following the Jan. 6 attack on the Capitol Building.
SoftBank Leads $190 Million Round for Investment Platform PrimaryBid
London-based PrimaryBid, which helps companies sell their shares to retail investors, may use some of the newly raised money to expand into the U.S.
OpenSea Investigating Phishing Attack After Hackers Stole NFTs
The OpenSea hack is far from the first example of hackers targeting digital assets.
Microsoft Began Talks to Buy Activision Days After WSJ Report
Activision Blizzard's regulatory filing offers a detailed look at how the deal came together in the wake of the Journal’s reporting.
FTC’s Khan Gets Several New Advisors
Khan brings on experts on tech policy and the pharmaceutical industry.
Chamath Palihapitiya Steps Down as Virgin Galactic Chair
Virgin Galactic went public in 2019 via one of Palihapitiya’s special purpose acquisition companies.
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