Amazon Targets June for Prime Day
Amazon plans to stage Prime Day in June after delaying last year's event due to the Covid-19 pandemic.
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U.K. Fintech Firm Revolut Will Let Employees Work From Overseas Locations
Revolut's new policy shows how far the remote work arrangements popularized during the pandemic are spreading.
Twitter Likely to Irk China With New ‘Milk Tea Alliance’ Emoji
Twitter, which is already banned in China, has nonetheless been a popular platform for China to try to spread its message.
Tencent’s Biggest Investor Makes $14.6 Billion Selling China Tech Giant’s Stock
Internet conglomerate Prosus, which is owned by Naspers, Africa's largest listed company. Naspers paid $34 million for a one-third stake in Tencent before it went public.
FTC, States Ask Court to not Dismiss Antitrust Lawsuits Against Facebook
In early March, Facebook sought to have the cases thrown out.
Twitter Held Talks to Buy Clubhouse for $4 Billion
That's a steep price tag for an invite-only app with declining user growth and no revenue.
MasterClass Triples Valuation to $2.5 Billion
The startup, which sells online courses taught by celebrities and other experts, is raising new capital.
Uber Gets Stellar PR for $250 Million Driver Stimulus
Uber is shrewdly calling attention to its U.S. drivers' sky-high earnings as the ride-hailing service recovers from the pandemic.
Patreon Hits $4 Billion Valuation
Tiger Global Management led the $155 million funding round in the company that helps musicians and other creators of online content connect with fans and get paid.
BitMEX Co-Founder Surrenders to Authorities in Hawaii
Arthur Hayes, the outspoken former CEO of BitMEX, is charged with failing to implement anti-money laundering measures and was released on a $10 million bond.
ByteDance Investor Source Code Capital Raises $1 Billion for New Funds
The Beijing-based VC firm's latest fundraising comes as some of China's biggest tech startups are preparing for their highly anticipated IPOs.
Bezos Supports Biden’s Infrastructure Plan, Corporate Tax Hikes
On Tuesday, Amazon CEO Jeff Bezos released a statement in support of President Joe Biden’s $2 trillion infrastructure plan.
Coinbase Reports Huge Increase in Revenue, Profits for Q1
Coinbase's revenue rose by nearly 10 times on the year earlier period, signaling why next week's public debut is likely to be a blockbuster.
Clubhouse Weighs New Investment at $4 Billion Valuation
Clubhouse is reportedly in discussions with investors about a new round of capital.
Europe Considers Antitrust Probe Into Facebook-Kustomer Deal
Europe’s competition regulator said it was considering an investigation into Facebook's $1 billion acquisition of Kustomer.
Merchants Form Coalition to Lobby to Break Up Amazon
A collective of small business owners that sell on Amazon want the e-commerce company to spin off its retail products business from its online marketplace.
Clubhouse Adds Tipping Feature Powered by Stripe
While Stripe will add a small processing fee for the person who opts to send someone money in Clubhouse, the app itself won’t take a cut of transactions.
SoftBank Eyes Stake in Warehouse Robot Maker
SoftBank Group is close to a deal to acquire 40% of a Norwegian company that makes technology for automating warehouses.
Apple, Facebook Spar Over Social Network’s Involvement Epic Games’ Antitrust Case
Apple says it needs certain documents to cross-examine Facebook gaming exec Vivek Sharma
Amazon Illegally Fired Two Prominent Internal Critics, NLRB Says
The National Labor Relations Board determined that Amazon illegally retaliated against two high-profile internal critics when it fired them last April
Weekday mornings
The Information AM by The Information Staff
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