Casper Accepts Buyout Offer
Casper had struggled even before going public but the pandemic aggravated its difficulties, forcing the company to lay off staff, close U.S. stores and shut down its European operations.
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Recent Editions
China Considers Expanding Cybersecurity Reviews to Hong Kong IPOs
The proposed rules announced over the weekend pose fresh challenges for Chinese startups seeking IPOs after China had already made it harder to list in the U.S.
Disney Promotes Slate For DIsney+
The announcements are to celebrate the second anniversary of its streaming service, but many titles not coming out till late next year.
Google Cloud Engineering Veteran Jumps to Twilio
Twilio has hired Eyal Manor, a 14-year Google engineering veteran who worked on cloud, advertising and YouTube products, as chief product officer.
Alphabet Shareholder Calls For Racial Equity Audit
The proposal is emblematic of new requests from shareholders calling for more transparency on tech companies’ impact on society and workers that have gained traction
Exile Content Buys Podcasting Company
The entertainment company, which specializes in Spanish Language shows and movies, plans to make 25-40 podcasts next year.
Warby Parker’s Revenue Grew 32% in Q3
The eyeglass seller, which went public via direct listing in September, has seen its growth rate return to normal levels in the third quarter and a jump in the company's adjusted earnings during the same period.
BuzzFeed’s SPAC Partner Sets Date of Shareholder Meeting
The public debut of BuzzFeed is much anticipated in the digital media sector, as it will signal investor attitudes towards the value of mid-sized digital media firms such as Bustle, Vice and Vox.
Alibaba’s Annual Shopping Event Records Slowest-Ever Growth
The slow growth comes as Alibaba has been grappling with Beijing's harsh regulatory crackdown through anti-monopoly penalties and other measures.
Applied Intuition, Developer of Autonomous Vehicle Software, Valued at $3.6 Billion
Coatue, Addition and Elad Gil co-led the round for the startup, which was last valued at $1.3 billion
Cloud Firm Weave Communications Stumbles in Public Debut
Weave Communications, a 13-year-old company that sells software to small businesses, had a rough first day of trading.
Rivian Shares Surge For a Second Day and Are Now Up 57% From IPO
Wall Street continues to bet it's another Tesla
Shopify Partners with Link-in-Bio Startup Linktree on Creator Storefronts
Shopify and LinkTree are partnering so creators can show off their latest products in their social media bios.
Wish CEO Steps Down as Revenue Continues to Drop
The online marketplace has seen a sharp decline in its share price following two consecutive quarters with revenue decreases. Now, the founder and CEO is stepping aside as the company faces a tough road to recovery.
Google’s AR/VR Chief Moves into CEO’s Inner Circle
Google is an also-ran in VR and AR, but the leader of those efforts at the company will now report to CEO Sundar Pichai.
Didi Prepares to Relaunch Apps Amid Expectations Government Probe Will End Soon
Didi has also set aside $1.6 billion for a potential fine, according to Reuters. Didi denied the report.
Indonesia’s GoTo Raises Over $1.3 Billion in Pre-IPO Funding Round
GoTo, whose businesses include ride-hailing, food delivery and e-commerce, is valued at more than $28 billion as more global investors bet on Southeast Asia.
Microsoft, Meta Integrating Work Collaboration Apps
Microsoft and Meta (formerly known as Facebook) are rivals in the market for work collaboration software, but now they're working together.
Disney’s Streaming Growth Comes to Near Halt
Disney CEO Bob Chapek had foreshadowed the slowdown in September, attributing it partly to the timing of the cricket season in India, a major market of Disney+.
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