Rivian Seeking IPO Valuation of Nearly $60 Billion
Electric vehicle company Rivian Automotive is seeking a public valuation of nearly $60 billion in its forthcoming IPO, more than twice its last private market value
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TikTok Signs Deal With Amazon Fire TV Devices
The move by TIkTok is its latest attempt to compete with YouTube.
ByteDance Caps Overtime
Employees at TikTok’s Chinese owner will need permission to work overtime as China takes aim at its '996' work culture.
Amazon Faces Call for Strike in Germany
German union Verdi called for a two-day strike at seven Amazon locations as part of an ongoing pay dispute.
Kuaishou CEO Steps Down as China Tech Leaders Avoid Spotlight Amid Crackdown
The move comes as China's government tightens its control over the country's internet giants and their billionaire founders.
Udemy Stock Falls in First Day of Trading
Udemy shares closed at $27.50 Friday, down from its IPO price of $29.
China’s Internet Regulator Issues Draft Rules on Overseas Data Transfer
The move is part of Beijing's broader effort to tighten its control over the vast troves of data collected by Chinese companies.
Zendesk Acquiring Momentive for $4.1 Billion
Zendesk, a fast-growing provider of customer service and customer management software, is branching out into a new market.
Amazon Reports Lackluster Q3 Earnings, Predicts Q4 Could Be Worse
Is this the end of Amazon’s pandemic-fueled hot streak?
Supply Constraints Hurt Apple’s Revenue
CEO Tim Cook said “supply constraints” caused by chip shortages and Covid-related manufacturing disruptions had reduced revenue by $6 billion, or 7%.
Oculus VR Brand Name to Be Retired as Facebook Adopts Meta
The company will gradually rebrand products like the Oculus Quest to the Meta Quest in 2022.
TikTok Taps Former Amazon Exec to Target Major Advertisers
The company is building an ad sales team to focus on Fortune 100 marketers.
Shopify Revenue Grows 46% in Q3
The Canadian tech giant is seeing a growth slowdown as more customers return to shopping in physical stores.
Comcast Touts Smart TVs, Peacock Who?
The company hardly mentioned its Peacock video streaming service on its earnings call, instead focusing on its new push into smart TVs.
Samsung Reports Record Quarterly Revenue on Strong Chip Demand
The South Korean tech giant also warned that its chip demand in the fourth quarter could be affected by component shortages at some customers.
China Clamps Down on Spam Ahead of Singles Day Online Sales
The government told China’s e-commerce sites to curb text messaging ahead of the Nov. 11 sales day.
Spotify Reports Strong Growth in Ad Revenues
Spotify experienced little impact from the double whammy of Apple’s ad-tracking changes, and supply shortages, which affected ad-based digital firms like Snap.
Rent the Runway Drops Nearly 10% On Closing
The online apparel rental service's public market debut signals strong investor demand for its stock. But how well Rent the Runway does in the long haul depends on which e-commerce sector investors group the company in.
WSJ: FTC Examining Facebook Disclosures
The Wall Street Journal said Federal Trade Commission is looking into whether internal research shows that Facebook violated a 2019 settlement with the agency over privacy issues.
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