Foxconn Extends Closure of India iPhone Factory After Worker Protests
The incident highlights the challenge Apple faces diversifying production from China to India, where worker unrest is more common.
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Didi Indefinitely Blocks Employees From Selling Shares
Employee-owned shares were scheduled to be released from a six-month lockup period Monday, but the lockup was extended without a new end date, according to sources familiar with the decision who spoke to the Financial Times.
Starboard Acquires 6.5% Stake in GoDaddy
Activist investor Starboard Value LP has acquired a 6.5% stake in GoDaddy Inc. that is worth roughly $800 million, according to a filing with the Securities and Exchange Commission on Monday.
NLRB Settlement Could Make Unionization Easier for Amazon Workers
It will likely be easier for Amazon’s more than one million blue collar workers to organize in 2022
Meta Platforms Appeals U.K. Regulator’s Order to Sell Giphy
The parent company of Facebook argues the CMA's decision was "wrong on the law and the facts."
Intel Forced to Apologize After Statement on Xinjiang Suppliers
The chip maker faced backlash after issuing a statement to suppliers that it had to comply with requirements from multiple governments that it not source labor or goods from the region.
Tencent Reduces Stake in JD.com
The social network and gaming giant will distribute $16.4 billion-worth of its shares in the online retailer as a dividend to Tencent shareholders.
FTC’s Amazon Antitrust Probe Expands to Cloud Unit
FTC Chief Lina Khan and her team has been scrutinizing various parts of Amazon's business, and now its cloud computing unit is under the microscope.
Disney Hires Spotify Exec as General Counsel
Horacio Gutierrez has been a vocal critic of Apple and may help Disney go head to head with tech giants.
Biden Administration Spurs Addition of More Covid-19 Test Sites on Google Maps
Google has added thousands of new sites offering free Covid-19 test sites to its map and search products at the urging of the Biden Administration
Amazon Seeks Indian Antitrust Approval to Acquire Major Seller
Amazon is beefing up its presence in India.
European Commission Clears Discovery-WarnerMedia Merger
The approval clears a major hurdle facing Discovery. U.S. regulatory clearance looms, however, as U.S. antitrust authorities have lately taken a much tougher attitude towards big mergers.
China Approves SK Hynix Acquisition of Intel’s NAND Memory Chip Business
The South Korean company said China’s antitrust authorities approved the $9 billion deal.
Data Management Startup Cohesity Files Confidentially for IPO
Cohesity, which helps organizations protect and manage large amounts of data, looks poised to beat rival Rubrik to the public markets.
Meta Pulls Back From CES 2022 as Omicron Anxiety Builds
Meta says it won’t be sending employees to the annual event “out of an abundance of caution and care.”
Verily Further Elevates Longtime Alphabet Executive
Alphabet-owned life sciences and health company Verily has handed chief operating officer Stephen Gillett an additional role as president
Nikola to Pay SEC $125 Million to Settle Charges of Misleading Investors
The Securities and Exchange Commission announced Tuesday that electric vehicle maker Nikola will pay $125 million to settle charges that it misled investors about its products.
OnlyFans Founder Tim Stokely Steps Down, Appoints PR Chief Ami Gan as CEO
Tim Stokely, the founder and CEO of OnlyFans, unexpectedly stepped down on Tuesday. Ami Gan, who headed communications, will lead the company.
AT&T Sells Xandr Ad Tech Unit to Microsoft
AT&T once sought to revolutionize TV advertising. It's now waving a white flag as it sells what was once a key ad tech unit to Microsoft.
China’s Top Online Shopping Celebrity Fined $210 Million For Tax Evasion
Huang Wei, known as Viya, was also suspended from Taobao, the online shopping site owned by Alibaba, where her shows drove huge online sales.
Weekday mornings
The Information AM by The Information Staff
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