Space Company Momentus and SPAC Fined By SEC for Misleading Investors
The U.S. regulator’s charges could foreshadow tougher rules and due diligence surrounding SPAC deals.
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The Information AM
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Recent Editions
Mobile Phone Sales in China Fell Sharply
Sales of smartphones fell 27% in the second quarter compared to a year ago as users waited longer to upgrade.
Apple Working on Buy Now, Pay Later Service: Report
The new feature would compete with popular services such as Affirm and Klarna.
Solo VC Lachy Groom Raises $250 Million for Third Fund
The fund shows the growing influence of individual venture capitalists, as opposed to traditional VC firms, in winning competitive deals.
VC Investment in Black-Led Startups Quadruples
U.S. startups led by Black entrepreneurs raised $1.8 billion in the first half of the year.
Google Slapped With $590 Million Fine Over News Dispute in France
French authorities accused the search giant of not complying with court orders to negotiate deals with firms for the news that appears in search results.
China Approves Tencent Search Engine Deal After Blocking Game-Streaming Merger
Tencent will take private Sogou, a search engine listed in New York, in a $2 billion deal which China approved just days after blocking Tencent’s merger of two game streaming platforms.
Microsoft to Acquire Cybersecurity Threat Detection Firm RiskIQ
Microsoft's latest cybersecurity acquisition is focused on identifying potential threats before they arrive at customers' doorsteps.
Apple Defeats Antitrust Case Over Login Button
DOJ probe of “Sign in With Apple” could be hampered by the ruling.
TikTok to Require Employees in Offices Three Days a Week
TikTok has told employees they will be expected to come into the office three days a week.
TikTok Owner ByteDance Shelved IPO Talks Amid China’s Data Concerns
ByteDance's decision in late March is yet another indication of how Beijing has been increasing its control over tech companies and their data.
Amid Didi’s Woes, Rivals Seek to Grab Market Share
Online food delivery and travel giant Meituan relaunched a standalone ride hailing app that emphasized users' data privacy.
Walmart’s Flipkart Raises $3.6 Billion as It Battles Amazon in India
The company was valued by investors at $37.6 billion. SoftBank, which had earlier sold its stake to Walmart, came back in as an investor.
China Issued New Rules to Tighten Control Over IPOs of Tech Compnies
The rules could create major obstacles for many Chinese tech startups that raise money from foreign investors with plans to eventually go public in the U.S.
Stripe Hires Law Firm in Preparation for Public Listing
The long-awaited public offering is expected next year.
China’s Regulator Orders Removal of More Didi-Owned Apps
The latest action by the Cyberspace Administration of China indicates how extensive Beijing's investigation into Didi is.
Thoma Bravo to Buy Stamps.com for $6.6 Billion in Bet on Ecommerce
The private equity firm is paying an enormous premium over where Stamps.com stock has been trading, as it bets on the company's role in ecommerce shipping.
Amazon Closes Stores Operated by Chinese Retailer Amid Crackdown
Although the reason for the closures aren’t known, it comes as Amazon cracks down on fake reviews and other violations.
SoftBank Plans Additional $5 Billion Investment in Latin America
The new capital allocation would double SoftBank's total planned investment in Latin America to $10 billion.
Biden to Launch Wide-Ranging Antimonopoly Initiative Friday
The competition-focused executive order could radically reshape the US economy.
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