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.
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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+.
Rivian Stock Rises Nearly 30% in IPO
Rivian’s IPO, which netted the company $12 billion, is the seventh-largest U.S. IPO ever, according to IPO research firm Renaissance Capital.
FTC’s Khan Responds to Criticism of Agency
Agency-wide email follows withering critique from fellow Commissioner Christine Wilson.
Discovery’s Zaslav to Move to Los Angeles
David Zaslav plans to move to Los Angeles to be closer to where the company's shows and movies are being created.
Tencent’s Revenue Growth Slows as China’s Crackdown Hurts Ad Sales
Tencent's results highlight the challenges facing China's biggest internet companies as they grapple with Beijing's harsh regulatory crackdown.
Google Loses Appeal Against Landmark Antitrust Fine in Europe
Google may appeal the ruling by the European court upholding a $2.6 billion fine.
Chinese Robotics Startup Gaussian Raises $188 Million From SoftBank, Meituan, Capital Today
The company makes cleaning and delivery robots for offices and hotels.
Southeast Asia’s Internet Market to Grow to $363 Billion by 2025
The new report from Google, Bain and Temasek shows why global investor interest in Southeast Asia is increasing.
Apple Loses Bid to Delay Epic Ruling Pending Appeal
Apple must allow developers to include links in their apps to external payment options by Dec. 9.
Global Chip Shortage Elevates Lesser-Known Manufacturers
As companies scramble to secure the chip supply necessary to stay in business, they're increasingly turning to older manufacturers for help.
Poshmark’s Revenue Growth Slowed to 16% in Q3
The social shopping app for secondhand goods saw a decrease in its revenue growth rate and an increase in marketing costs as Apple's privacy clampdown makes it harder to acquire new customers online.
DoorDash Stock Rises 20% After Deal to Buy Food Delivery Firm Wolt
The deal will help DoorDash expand globally and develop its grocery delivery business.
FTC’s Wilson, Senator Lee Blast FTC Chair Khan
Commissioner Christine Wilson and Senator Mike criticize Khan over low staff morale, ill-conceived policies.
Netflix Introduces Kids Clips
The new feature appears to be an attempt by the streaming giant to compete more directly with YouTube.
Indonesian VC Firm Alpha JWC Raises $433 Million Fund for Southeast Asian Startups
The largest-ever VC fund in the region for early stage companies counts the World Bank’s International Finance Corporation and Morgan Stanley Alternative Investment Partners among its backers.
Weekday mornings
The Information AM by The Information Staff
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