Microsoft in Talks to Invest in Oyo at $9 Billion Valuation
The move comes as Oyo, which is mainly backed by SoftBank, has endured layoffs and cost cuts during the Covid-19 pandemic, which has reduced demand for travel.
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Recent Editions
Alibaba-Owned Turkish E-Commerce Site Trendyol Valued at $16.5 Billion
Trendyol, majority owned by Alibaba, is in talks with investors including General Atlantic and SoftBank to raise about $1.5 billion.
Qualtrics Acquires Data Analytics Firm Clarabridge for $1.3 Billion
Qualtrics is making the biggest acquisition in its 19-year history, acquiring a provider of AI-infused software for analyzing customer sentiment.
AWS Growth Spurt Overshadows Microsoft, Google’s Cloud Gains
The cloud market is booming, as evidenced by the revenue growth that Amazon, Microsoft and Alphabet reported this week. But AWS is still the clear leader.
Amazon Boasts Quarterly Profit Increase, Misses Sales Expectations
Amazon shares fell more than 6% after hours
Scarlett Johansson Sues Disney Over “Black Widow” Release on Disney+
The lawsuit is the latest move as Hollywood pushes back on the move to streaming.
Robinhood Stock Falls on Opening Day
Robinhood shares quickly fell below its IPO price, which was itself at the bottom end of the range, a sign of investor disenchantment with the company.
Comcast to Launch Peacock in Europe
The move is the first by the company to use its Sky pay TV operator to distribute its streaming service.
Didi Considers Going Private to Appease Beijing, Compensate Investors
One option Didi is considering is a take-private deal with a tender offer for its publicly traded shares.
SoftBank Selling $2.1 Billion of Uber Stake
SoftBank's move to sell Uber shares comes after the shares of Didi Global, in which SoftBank owns a 20.2% stake, tumbled earlier this month.
China Seeks to Calm Investors After Policy Triggers Market Rout
Shares rose after the vice chairman of China’s securities regulator told global banks that Beijing would take into account market reaction before rolling out new policies.
Benchmark-Backed Cyngn Confidentially Files IPO Paperwork
An IPO would mark a stunning turnaround for a company that many had left for dead five years ago.
Robinhood Prices IPO at $38 Per Share
The price falls at the low end of the stock trading app's proposed range.
Microsoft Acquires Spending Management Startup Suplari
While small, the deal shows how Microsoft is bolstering a key suite of business applications as it increasingly butts heads with Salesforce.
Facebook’s Revenue Jumps 56% to $29 Billion
The social media company predicts the rate of revenue growth will slow in the next two quarters.
FTC Chair Claims Big Tech Promote Fraud
Lina Khan appeared to throw her support behind those politicians seeking to erode tech's immunity from liability over what is published on their platforms.
Spotify’s Ad Revenue Jumps 110%
Spotify's ad revenue is up as the boom in digital advertising lifts earnings industrywide.
Alphabet Will Require Workers To Be Vaccinated
The policy change, after the Google parent previously stopped short of a mandate, is likely to trigger a rethink of vaccination policies in tech and other industries.
State AGs Will Appeal Loss in Antitrust Case Against Facebook
The appeal will add lengthy delays to the antitrust cases against the social network.
Shopify’s Revenue Grows 56% in Q2
The results show how the ecommerce software firm is benefiting from the surge in online shopping.
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