Mindbody to Buy $1 Billion-Valuation ClassPass
The companies say demand has rebounded from pre-pandemic levels as people return to gyms.
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Recent Editions
Facebook’s Nicola Mendelsohn Announced as VP of Global Business Group
The executive will relocate from London to New York.
China’s Government May Give More Power to Antitrust Bureau
Such a move would reflect the growing role of antitrust regulators in China's crackdown on internet giants and other powerful private businesses.
Alibaba Founder Jack Ma Resurfaces in Hong Kong
The billionaire tech founder has remained mostly out of public view since last October when Ant abruptly pulled its IPO in Hong Kong days before it was supposed to list.
Google Gets Into Cybersecurity Advisory Business
The company will begin offering security advice to other companies and government agency clients
Chip Shortage Catches Up To Apple
The iPhone maker will make fewer iPhone 13s than it planned to because of the lasting global chip shortage
Apple Faces Chip Bottlenecks, Could Cut iPhone Orders by up to 11%
The news shows that Apple isn’t immune to the global chip shortage even though it’s known for paying far in advance to secure components.
Coinbase to Launch NFT Marketplace
Coinbase plans to open a non-fungible token marketplace by the end of 2021.
Stripe is Building a Crypto Team
The new team will report to Guillaume Poncin, the company's former head of engineering, banking and financial products.
One-Click Checkout Firm Bolt Raises $393 Million at $6 Billion Valuation
The six year old checkout enablement firm is building up a larger war chest than its rivals as venture capital continues to funnel into fintech at an accelerated pace.
Chip Shortage Slows China Car Sales
Car sales in the world’s biggest auto market haven’t been spared by the global semiconductor crunch.
Andreessen Horowitz Poaches Facebook’s Top Blockchain Engineers
Nassim Eddequiouaq and Riyaz Faizullabhoy helped craft the crypto custody infrastructure for Novi, Facebook's digital wallet.
Magic Leap Raises $500 Million Ahead of New AR Headset Launch
Magic Leap's original device sold far short of expectations but early last year the company pivoted to focus on the business market.
Nerdwallet Files to Go Public
The financial advice news site makes money by referring users to lenders and credit card firms.
Amazon Relaxes Office Mandate for Corporate Workers— Sort Of
The decision means that some teams may end up coming back to the office full-time, while others may be permitted to adopt a hybrid working model.
Facebook Oversight Board To Meet With Frances Haugen
The 37-year-old whistleblower is pushing for Facebook to change.
Former Pentagon Software Chief Says U.S. Lags Behind China in Artificial Intelligence
The Pentagon’s first chief software officer told the Financial Times he resigned in protest of what he said was an inadequate response to China’s threat.
Amazon Reseller Thrasio Delays SPAC Merger
Thrasio is one of the largest companies that has bought up online merchants that sell on Amazon.
Apple Seeks to Put Epic Ruling on Hold Pending Appeal
Apple says it would be ‘irreparably harmed’ by the ruling.
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