Samsung to Build $17 Billion Chip Plant in Texas
The Wall Street Journal said the South Korean conglomerate will build an advanced chip making plant as part of its $205 billion expansion plan.
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ByteDance Rival Kuaishou’s Ad Revenue Jumps 77%
Kuaishou's better-than-expected quarterly results came despite China's slowing economic growth and Beijing's regulatory crackdown.
Zoom Sales Growth Slows, CEO Touts Contact Center Product
As Zoom's core videoconferencing business levels off as companies return to offices, its CEO is looking to highlight other areas of potential growth.
AR Company Niantic Takes $300 Million Investment From Coatue at $9 Billion Valuation
The Pokemon Go maker recently entered into a new contract with Nintendo, launched the Niantic Lightship AR developer kit and began a push for adoption of the “real-world metaverse.”
NBCUniversal Discusses Pulling Shows From Hulu
The decision is a complicated one for the entertainment company as it seeks to grow its Peacock streaming service.
NBCUniversal Discusses Pulling Shows From Hulu
The decision is a complicated one for the entertainment company as it seeks to grow its Peacock streaming service.
Discovery Projects WarnerMedia Profit Slump Through 2028
Most entertainment companies have been ramping up spending on programming as they endeavor to grab market share in the streaming market.
Twitter Tests Live Shopping Ahead of Holidays
Twitter is the latest social platform to experiment with live shopping offerings this holiday season.
Social Shopping Platform LTK Raises $300 million at $2 billion Valuation
The fundraise is the first since the company's Series A in 2015, raising its valuation nearly six times its last round.
China Slaps Internet Giants With Fines Related to Past Deals
The latest crackdown shows how China's regulators are going back in time and scrutinizing old investments made by the country's tech giants.
WSJ: Activision Blizzard CEO to Consider Stepping Down if Can’t Quickly Fix Culture Problem
The Wall Street Journal said long-time CEO Bobby Kotick told colleagues he might step down if he can’t solve issues stemming from allegations of employee sexual misconduct.
Rivian, Ford Part Ways on Joint Plan to Develop Electric Vehicle
Ford plans to work on its own model, with a company spokesperson telling the Journal that the development of electric vehicles from both companies “have advanced to a significant degree.”
Pentagon Seeks Bids for New Multi-Billion Dollar Cloud Project
Four months after scrapping a 10-year cloud contract worth at least $10 billion amid legal challenges from Amazon, the Pentagon is starting a new cloud project.
Startup Samsara Reveals Rapid Sales Growth in IPO Filing
Samsara, which sells software and hardware for tracking fleets of vehicles and other equipment, looks poised for a successful public debut.
Roku to Make 50 Shows in Next Two Years
The company is investing more content as it seeks to grow its advertising revenue.
BuzzFeed Sees Ad-Sales Growth, Slowdown in Commerce Ahead of IPO
BuzzFeed, which plans to go public in December, said it has surpassed $251.8 million in revenue through the first nine months of 2021.
Cybersecurity Startup Lacework Raises $1.3 Billion
Lacework, a six-year-old provider of cloud-based cybersecurity software, has raised more than $1.8 billion in two funding rounds this year.
Microsoft’s Xbox Evaluating Activision Relationship
Pressure from Activision's two most critical business partners will make it very difficult for Activision CEO Bobby Kotick to keep his job.
State AGs Launch Investigation Into Instagram’s Effects on Children
The investigation was in part prompted by comments made by Instagram head Adam Mosseri in a May interview with the Information.
Grammarly Raises $200 Million at $13 Billion Valuation
The round is only the third VC fundraise for Grammarly, which says its business is profitable and cash flow positive.
Weekday mornings
The Information AM by The Information Staff
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