FTC’s Amazon Antitrust Probe Expands to Cloud Unit
FTC Chief Lina Khan and her team has been scrutinizing various parts of Amazon's business, and now its cloud computing unit is under the microscope.
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Disney Hires Spotify Exec as General Counsel
Horacio Gutierrez has been a vocal critic of Apple and may help Disney go head to head with tech giants.
Biden Administration Spurs Addition of More Covid-19 Test Sites on Google Maps
Google has added thousands of new sites offering free Covid-19 test sites to its map and search products at the urging of the Biden Administration
Amazon Seeks Indian Antitrust Approval to Acquire Major Seller
Amazon is beefing up its presence in India.
European Commission Clears Discovery-WarnerMedia Merger
The approval clears a major hurdle facing Discovery. U.S. regulatory clearance looms, however, as U.S. antitrust authorities have lately taken a much tougher attitude towards big mergers.
China Approves SK Hynix Acquisition of Intel’s NAND Memory Chip Business
The South Korean company said China’s antitrust authorities approved the $9 billion deal.
Data Management Startup Cohesity Files Confidentially for IPO
Cohesity, which helps organizations protect and manage large amounts of data, looks poised to beat rival Rubrik to the public markets.
Meta Pulls Back From CES 2022 as Omicron Anxiety Builds
Meta says it won’t be sending employees to the annual event “out of an abundance of caution and care.”
Verily Further Elevates Longtime Alphabet Executive
Alphabet-owned life sciences and health company Verily has handed chief operating officer Stephen Gillett an additional role as president
Nikola to Pay SEC $125 Million to Settle Charges of Misleading Investors
The Securities and Exchange Commission announced Tuesday that electric vehicle maker Nikola will pay $125 million to settle charges that it misled investors about its products.
OnlyFans Founder Tim Stokely Steps Down, Appoints PR Chief Ami Gan as CEO
Tim Stokely, the founder and CEO of OnlyFans, unexpectedly stepped down on Tuesday. Ami Gan, who headed communications, will lead the company.
AT&T Sells Xandr Ad Tech Unit to Microsoft
AT&T once sought to revolutionize TV advertising. It's now waving a white flag as it sells what was once a key ad tech unit to Microsoft.
China’s Top Online Shopping Celebrity Fined $210 Million For Tax Evasion
Huang Wei, known as Viya, was also suspended from Taobao, the online shopping site owned by Alibaba, where her shows drove huge online sales.
Booted From the U.S., China Mobile Seeks to Raise $7.6 Billion in Shanghai IPO
The state-owned carrier is planning the biggest domestic initial public offering in a decade in a major test for China’s stock market.
Tech Hiring Startup Turing Valued at $1.1 Billion After New Funding
Turing, which topped The Information's list of promising business-to-business startups this year, is looking to take on consulting giants.
Meta Platforms Poaches Senior Lawyer From U.K. Antitrust Agency
Jenny Coombes previously spent eight years working as a competition lawyer at Google.
Electric Vehicle Stocks Fall With Biden’s ‘Build Back Better’ Plan in Jeopardy
Among the worst hit stocks Monday included electric vehicle makers Lordstown Motors, Rivian and Nikola, which respectively fell 8.2%, 7.9% and 7.3% from the close of the market Friday.
Subscription Streaming Video Content Spending Approaches $50 Billion in 2021
Content spending by subscription streaming services is up 20% year-over-year, new research says, as Netflix and its rivals duke it out to lure new customers.
Google and Facebook Offer New Equity Awards To Retain Talent
Big technology companies are offering bigger stock awards to retain top employees amid the tight job market and competition from upstarts
Oracle to Acquire Healthcare Technology Firm Cerner for $28.3 Billion
With Oracle's cloud business showing signs of life, Larry Ellison is now making a big bet in software for managing electronic medical records.
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.
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