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.
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Recent Editions
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.
SpaceX Hits $100 Billion Valuation from Secondary Sale
The price is a significant mark-up from February, when the company was valued at $74 billion by Sequoia Capital.
Notion Valued at $10.3 Billion by Coatue, Sequoia
The company, which offers a suite of workplace productivity tools, will use the funding to expand its products and hire new staff for international expansion.
Apple Is Building a New Campus in LA
The facilities, which will measure 550,000 square feet, will help the company as it plans to produce more movies and TV shows for Apple TV+.
China Slaps Meituan With $533 Million Anti-Monopoly Fine
The penalty for Meituan is part of the Chinese government's broader regulatory crackdown on the country's internet giants such as Alibaba, Tencent and Didi.
Tesla to Move Headquarters to Texas From California
Tesla joins other California-based companies such as Oracle and Hewlett Packard Enterprise that have moved to Texas or are planning to do so.
China’s Central Bank Says Fintech Crackdown Will Continue
The Chinese government's regulatory crackdown has escalated since it forced financial technology giant Ant Group to cancel its initial public offering last November.
Google Bans Monetization of Climate Change Denial Content
Google's move is one of the most drastic measures taken by internet giants in their efforts to fight misinformation related to climate change.
Google Gives Employers More Power to Monitor Workers’ Smartphones
Google is getting in the habit of sharing workplace monitoring tools with other companies.
WeWork Posts Highest Monthly Revenue Before SPAC Merger
CEO Sandeep Mathrani said he was confident about WeWork’s future amidst increasing revenue and reduced operating losses.
Microsoft Says Most Cyberattacks Originating From Russia
State-sponsored hackers in Russia have been responsible for a vast majority of cyberattacks on the past year, followed by ones in North Korea, Iran and China.
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
