Elon Musk Sued by Shareholder Over Delay in Disclosing Twitter Stake
A proposed class action lawsuit says the former shareholders missed out on the rising share price because he didn’t disclose the stake by March 24 as he should have.
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Digital Ad Revenue in U.S. Rose Most Since 2006
Spending on online advertising last year rose 35% to $189 billion, with most of the spending concentrated on 10 online publishers and platforms.
Apple Supplier Pegatron Shuts Down Some China Factories on Covid
Pegatron, Apple’s second-largest supplier, said it shut production lines in Shanghai and Kunshan due to Covid lockdowns.
Tim Cook Says Proposed U.S. and E.U. App Store Regulations Would Threaten Users’ Privacy
The Apple CEO said the antitrust regulations would make iPhones less safe by allowing users to download unvetted apps from outside Apple’s own App Store.
Microsoft Customers Fuming Over Software Licensing Costs
Microsoft's infamously complex and restrictive software licensing terms are now frustrating some customers as they renew contracts.
China Approves New Videogames After Eight-Month Freeze
But the list of 45 domestic games didn’t include any titles by Tencent or Netease, China’s biggest gaming publishers.
Thoma Bravo Acquiring Cybersecurity Firm SailPoint for $6.9 Billion
Private equity firm's latest big cybersecurity deal follows its acquisition earlier this month of cloud business planning software provider Anaplan.
TikTok Ad Revenue Set To Triple in 2022
Advertisers are allocating a small but growing portion of their budgets to the short-video app
Cloud Data Backup Firm Datto Taken Private in $6.2 Billion Deal
Datto, which had struggled since its October 2020 IPO, is best known as the provider that former Secretary of State Hillary Clinton used to back up her emails.
Ampere Computing Files Confidential IPO Paperwork
The Oracle-backed company is challenging Intel in one of the biggest chip markets.
Shopify Proposes ‘Founder Share’ for CEO,10-for-1 Stock Split
The move, which has been approved by Shopify's board and is pending approval from shareholders, could give Shopify's CEO Tobias Lütke more voting control.
Google Rescinds Internship Offers From Students With Russia Addresses
The company withdrew offers from students who used dorm addresses in Russia citing “security considerations and legal sanctions requirements”
Disney Moves Dancing With the Stars to Streaming
The move raises questions about the ultimate future of ABC.
Twitter CEO Says Elon Musk Won’t Join Board
The shocking reversal comes just days after Musk revealed he had 9.1% stake in Twitter. He spent the weekend firing off a string of provocative messages on the social media platform.
Bright Spot for Asia Tech: Indonesia’s GoTo Soars 23% on Stock Market Debut
Shares of the ride- hailing and e-commerce company rose as much as 23% after it raised $1.1 billion on Indonesia’s stock market.
Chinese EV Car Company Nio Halts Production as China Covid Lockdown Takes Toll
The carmaker said it would delay deliveries as many suppliers were forced to stop manufacturing from China’s strict Covid lockdowns.
Harvard Endowment Mulls Reducing China Exposure Amid Wider Doubts
The university is among institutional investors reconsidering putting money into China-focussed private equity funds.
Musk Tweets Suggestions for Twitter, Including Refinements to Twitter Blue
Musk's tweets suggest he is likely to be public about his ideas for improving Twitter, which is sure to complicate life for CEO Parag Agrawal.
Meta Executives’ Compensation Boosts Outlined in Filing
Executives including chief operating officer Sheryl Sandberg got a pay bump as the company’s advertising business struggled.
DoorDash to Discuss Compensation at All-Hands This Week
The delivery firm reportedly told employees earlier this year that recent hires would receive additional equity to make up for the declining value of their shares.
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