DOJ Sues to Block UnitedHealth’s $13 Billion Deal For Change Healthcare
The health care technology deal is the latest merger challenge under the Biden administration.
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Discovery Writes Down Group Nine Stake by a Third
Discovery also reported that it finished 2021 with 22 million streaming subscribers, putting it well behind rival services, although its coming merger with WarnerMedia will improve Discovery's competitive position.
Alibaba Reports Slowest-Ever Growth Amid China’s Economic Slowdown
Alibaba's core commerce business in China grew only 7% as the company grappled with weaker consumption.
E-commerce Software Startup Fabric Valued at $1.5 Billion
Fabric, which wants to lure large merchants away from Shopify by letting them easily integrate e-commerce tools from other software platforms, has reached unicorn status.
Death of ByteDance Employee in China Sparks Debates About Work Culture
While it is unclear whether the employee's working conditions had anything to do with his death, the news went viral on China's social media.
California Court Allows Waymo to Keep Safety-Related Information Secret
The Alphabet-owned robotaxi company argued that many details included in a permit application should be kept private
Italian BNPL Startup Scalapay Raises $497 Million Series B
The fintech startup is now valued as high as $1.5 billion as consumer use of short-term installment loans to buy goods online continues to rise.
Allbirds Will Start Selling Through Other Retailers as Costs to Open Stores Mount
The wool sneaker seller exceeded revenue expectations for full year 2021, but it moved further away from net profits as it aggressively expanded its physical retail footprint.
Meta Announces New AI Projects for Metaverse, Speech Translation
CEO Mark Zuckerberg is confident that AI-powered universal translation is achievable "within our lifetimes."
Europe Proposes New Laws to Force Big Tech to Share Device Data
As part of the European Commission’s proposals, tech companies would need to share non-personal data they collect from connected devices with smaller firms.
Intel selects Magdeburg for European factory site, German media reports
With at least four new factory sites announced, the question remains whether Intel can fill up those factories with orders to keep them profitable.
Hong Kong Considers Easing Listing Rules for Big Tech Firms
The discussions come as Hong Kong is struggling to maintain its status as one of the top global ventures for initial public offerings.
TikTok Owner ByteDance to Shut Down Securities Businesses
The move shows how Beijing's regulatory crackdown on the internet sector, including online financial services, is causing tech giants to make adjustments.
Bitcoin Prices Rebound to Over $38,000 Amid Russia-Ukraine Turmoil
Bitcoin prices edged up to more than $38,000 Tuesday after falling for most of the past week as Russia has amped up its aggression toward Ukraine.
Slack Recovers From Five-Hour Service Outage
Slack, which is no stranger to service outages affecting its workplace collaboration service, suffers its first major one since being acquired by Salesforce.
Facebook Launches Ad-Revenue Sharing on Short-Form Reels
Meta Platforms is introducing ad-revenue sharing to its TikTok competitor Facebook Reels.
SoFi to Acquire Banking Tech Firm Technisys in $1.1 Billion All-Stock Deal
SoFi will acquire banking infrastructure firm Technisys in a $1.1 billion all stock deal.
Cryptocurrency Trading Platform Amber Raises $200 Million at $3 Billion Valuation
Investors in the firm founded by former Morgan Stanley bankers include Singaporean state investment firm Temasek, Sequoia China, Pantera Capital and Tiger Global.
Fear of New Regulatory Crackdown Drives Down China Tech Stocks
Shares in Alibaba, Meituan and Tencent were among those hard hit as investors worried China might launch more restrictions on its tech giants.
Tencent Dismisses Online Rumor About New Regulatory Crackdown
China's internet sector continues to face a tough environment after Beijing's crackdown over the past year and an economic slowdown.
Weekday mornings
The Information AM by The Information Staff
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