Facebook Loses Second Attempt to Throw Out FTC’s Antitrust Case
The FTC and Facebook will now battle it out in court, likely for several years.
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Sequoia, Paradigm Back Citadel Securities with $22 billion Valuation
Citadel Securities receives $1.15 billion investment and suggests heightened focus on trading crypto assets.
Meta Pushes Office Reopening to March, Mandates Boosters
Employees will need to show proof of booster shots to access offices.
Chinese Education Giant Fired 60,000 Workers Amid Beijing’s Crackdown
New Oriental Education & Technology Group also suffered an 80% drop in revenue after China banned popular tutoring services for school children.
Signal Founder Steps Down as CEO
Brian Acton, a co-founder of WhatsApp, will serve as interim CEO until a replacement is found.
Tesla’s Head of HR Departing
Valerie Capers Workman, one of Tesla's few Black executives, will join the job-search app Handshake.
Documents Show Google Tried to Convince Employees That ‘Unions Suck’
Google must hand over more documents it tried to keep private in an ongoing NLRB case filed by former employees
Veteran AWS Database Exec Departs, Amazon Changes Stock Grant Policy
Raju Gulabani, who oversaw one of the biggest revenue-generating parts of AWS during nearly a dozen years at the cloud giant, says he's taking a break.
Apple Announces $60 Billion in App Store Yearly Developer Earnings
2021 set another record for iOS app earnings despite mounting pushback on commissions.
Two Senior Meta Communications Executives Leave Company
John Pinette, who led global communications, had been with Meta since 2019.
UK Data Watchdog to Hold Talks With Meta Over VR Child Safety
The Information Commissioner’s Office will examine whether Meta Platforms is in compliance with the age-appropriate design code.
Take-Two To Buy Zynga for $12.7 Billion
The acquisition will give Take-Two—maker of such hit games as Grand Theft Auto and Red Dead Redemption—an entry way into the mobile game market.
Alibaba-Backed Startup Huitongda Seeks Up To $1 Billion in Hong Kong IPO
It will be a test of investors' appetite for tech IPOs in Hong Kong amid weakness among publicly traded Chinese internet stocks.
Discovery’s Stock Price Jumps Nearly 17% on Friday
Shares in Discovery soared on Friday after a Bank of America analyst issued an enthusiastic note about the company's acquisition of WarnerMedia.
PayPal Considers Launching Own Crypto
The payments company is exploring the possibility of a PayPal stablecoin.
Reddit Targets $15 billion IPO As Soon As March
Reddit, which helped fuel the meme stock craze that kicked off last year, was privately valued at $10 million in an August funding round.
Andreessen Horowitz Raises $9 Billion for Three New Funds
The fundraise reflects the VC firm’s long-term confidence in the growth of the private tech market.
Katie Haun Looking to Raise $900 Million For Crypto Funds
The fundraise would represent one of the biggest debuts for a new VC firm.
GameStop Enters NFT Frenzy With New Marketplace
The video game retailer is reportedly building its own NFT marketplace as part of a turnaround strategy in a move that should play well with meme-stock investors.
Roku’s Head of Platform Business Departs
Scott Rosenberg is leaving the company at a time when Roku is facing increased competition from the likes of Google and Amazon.
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