Stitch Fix Q4 Revenue Grows 24%
The online retailer sees improved revenue and profit gains as consumers buy more clothes than last year, but the company is burning more cash as it invests in new shopping features.
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The Information AM
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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Recent Editions
Uber Shares Jump On Projection that Profits Are Closer
CEO Dara Khosrowshahi said ride hailing improvement had "paused" in August but had resumed in September.
Facebook Reveals New Portal Smart Displays With a Focus on Remote Work
The company will also make Portals available to businesses through a new service.
Facebook Reveals New Portal Smart Displays With a Focus on Remote Work
The company will also make Portals available to businesses through a new service.
Oversight Board to Meet With Facebook Over XCheck Issues Revealed in WSJ
The board will examine whether the company has been “fully forthcoming in its responses on cross-check and whitelisting.”
FTC Commissioner Chopra Expected to be Confirmed to Lead CFPB in Coming Days
Once Chopra is at the financial regulator, a partisan deadlock could temporarily hamper the FTC’s aggressive enforcement plans.
Disney+ Growth to Slow Sharply in September Quarter
The slowdown will reinforce questions about Disney's ability to reach its long term growth targets for Disney+.
DOJ Reviewing Zoom-Five9 Deal on National Security Grounds
Zoom wants to get into the contact center market to show shareholders it can continue growing, but a new regulatory review could delay those efforts.
DraftKings Offers to Buy Entain of UK for $20 Billion
The size of the offer is almost as much as DraftKings is worth.
Universal Music Group Shares Soar on Opening Day in Amsterdam
The valuation is a big increase on what hedge fund manager Bill Ackman paid for a stake in Universal Music in August.
DAZN In Advanced Talks To Acquire U.K.’s BT Sport
A deal would give the sports streaming service valuable broadcast rights to English Premier League football.
Fantasy Soccer NFT App Scores SoftBank Investment
SoftBank led the $680 million investment into France’s Sorare, in a round that valued the company at $4.3 billion.
Fintech Startup Airwallex Valued at $4 Billion After New Funding Round
The payment provider is benefitting from the robust growth of e-commerce demand and investor enthusiasm for global fintech startups.
Reported Dinner Deal Between Zuckerberg and Trump Detailed in New Book
The Facebook CEO has denied the agreement, which was detailed in a new book about Peter Thiel.
SEC Launches Investigation Into Activision Blizzard
Agency is seeking documents and communications related to sexual misconduct and workplace discrimination allegations.
Tech Stocks Drop Across the Board
The sell-off was triggered by concerns about a Chinese property developer.
WeWork Sets Oct. 21 As Date of Public Listing
The public listing of WeWork will occur two years after the company abandoned its originally planned IPO. Much has changed since then.
Twitter to Pay $809 Million to Settle Shareholder Lawsuit on Growth
Twitter had told investors in 2014 that it expected to increase its monthly active user count to 550 million but it stopped reporting the MAU number in 2019, far short of that projection
Didi Global’s Co-Founder and President to Leave
The report is the latest sign of turmoil at Didi, which was plunged into uncertainty after its June IPO triggered a cybersecurity investigation by the Chinese government.
Amazon Says Has “Zero Tolerance” for Wrongdoing After Media Report Alleges Graft
The report by a local Indian news outlet said that Amazon had launched an internal investigation into allegations its lawyers bribed Indian officials.
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