Cruise Unlocks $1.35 Billion Funding From SoftBank, Creeps Toward Robotaxi Service
Self-driving taxis are making progress, but it's too soon to get excited.
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Recent Editions
Alphabet To Split Stock After Strong Fourth Quarter Earnings
Google's strong fourth quarter results suggest consumer spending was strong at the end of 2021
Database Provider MariaDB Going Public Via SPAC Merger
MariaDB's software is compatible with MySQL, a widely-used database that is now part of Oracle, which could give it a boost as a public company.
FTC to Review Microsoft’s $69 Billion Activision Deal
The move could be a nod to DOJ antitrust head Jonathan Kanter’s past work with Microsoft.
Meta-backed Diem Association Confirms Asset Sale
The sale marks the end of Meta's beleaguered cryptocurrency project.
The New York Times Is Buying Hit Viral Game Wordle
The company paid creator Josh Wardle a price in the “low seven figures.”
Legendary Entertainment Sells Stake to Apollo for $760 Million
The deal comes as Hollywood studios try to cash in on the growing demand for producers of streaming content.
Coinbase Adds Shopify CEO to Board
Shopify CEO Tobias Lütke will advise Coinbase executives as the cryptocurrency exchange platform expands internationally and develops new products.
Sony Moves to Acquire Game Studio Bungie for $3.6 Billion
The studio, once owned by Microsoft, is known for creating the influential gaming franchises Halo and Destiny.
Bolt CEO Replaced Following Controversial Tweets
CEO Ryan Breslow called Stripe and Y Combinator "the Mob Bosses of Silicon Valley" in a series of Tweets last week.
FTX Valued at $32 Billion in New Funding Round
The fundraising comes less than four months after the company raised money at a $25 billion valuation in October.
Vista and Elliott to Buy Citrix for $16.5 Billion
Citrix is one of a number of older enterprise software firms that is trying to shift towards cloud-based subscription software but whose revenue is growing very slowly.
Spotify to Add Content Advisory to Podcasts Discussing Covid
The move comes after musician Neil Young last week pulled his music off Spotify saying the app helped spread misinformation about Covid vaccines.
Climate Startups Raised $40 Billion Last Year
Funding battery and electric vehicle startups made up 40% of total investments.
Meta Pauses New Users From Accessing CrowdTangle Tool
CrowdTangle founder Brandon Silverman left Meta Platforms last October.
Airbnb Exec Chris Lehane Joins Katie Haun’s Crypto Fund
Lehane is the latest exec to make the jump from mainstream tech to crypto.
Hedge Fund Brevan Howard Expands $250 Million Crypto Unit
The hedge fund’s new unit has grown substantially since its launch in September.
F1 Champ Lewis Hamilton Backs Ultrafast Delivery Startup
London-based ultrafast delivery startup Zapp has secured another $200 million of funding to continue expansion in Europe.
Tencent in Talks to Take Nasdaq-Listed Game Streaming Firm Douyu Private
The talks come after China's antitrust regulator blocked an earlier merger deal between Douyu and another Tencent-backed game streaming firm Huya.
DOJ, State AGs say Epic Games Antitrust Ruling Was Wrong
The Justice Department and states are investigating the iPhone maker for possible antitrust violations.
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