Polygon Raises $450 Million In Funding Round Led by Sequoia Capital India
SoftBank Vision Fund 2 and Tiger Global Management also participated in the token sale.
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Recent Editions
IRS Backtracks on Controversial Facial Recognition Plan
The IRS says it will substitute other technology for authenticating people when signing up for online accounts.
Alibaba Shares Drop After Analysts Say Major Stock Sale Could Be Imminent
Alibaba submitted a regulatory filing on Friday registering 1 million depositary shares, a sign that some shareholders might be cashing out.
Peter Thiel to Step Down From Meta’s Board
The billionaire reportedly plans to throw his weight behind Trump-aligned candidates in the midterm elections.
Coatue Managing Partner Kris Fredrickson Leaves Firm
Fredrickson had led the crossover firm’s investments in Instacart, Chime and several crypto currency startups.
Meta Again Warns It’ll Pull Services from Europe Without Data Deal
But the threat appears to be empty.
Matrix Co-Producer Sues Warner Bros Over Breach of Contract
The suit alleges that Warner Bros moved the release date of the movie to 2021 to help HBO Max.
Dutch Antitrust Enforcer Probing Apple’s Compliance With Forced App Store Changes
The watchdog is fining Apple more than $5 million each week since Jan. 24.
Amazon More Than Doubles Base Salaries Amid Battle for Talent
Amazon will double its maximum base salaries for corporate and tech workers to $350,000 as the company battles to retain and attract talent.
PriceRunner Sues Google for 2.1 Billion Euros Alleging Unfair Competition
The European price-comparison firm alleged Google manipulated search results unfairly.
Spotify CEO Apologizes to Staff as Joe Rogan Controversy Widens
Spotify CEO Daniel Ek apologized to staff after racist comments made by podcast host Joe Rogan were posted on social media.
Chinese E-Commerce Giant JD.com’s Founder to Donate $2.3 Billion to Charity
The donation, which follows similar moves by other Chinese internet giants, comes as tech billionaires are facing more scrutiny from Beijing.
Amazon Hikes Prime Fees as Labor and Shipping Costs Mount
Amazon posted a slowdown in online store sales during the key holiday quarter, with sales falling 1% to $66.1 billion.
AWS Sales Growth Remains Strong Despite Outages, Exec Departures
Amazon Web Services, the industry's top cloud provider, has accelerated sales growth 12% over the past four quarters
Snap Reports First Quarterly Net Profit, Shares Jump 60%
Its revenue and user growth results surpassed analyst projections
Meta’s Stock Plunges More than 26%
The sharp fall wiped more than $250 billion off the company’s market value.
Pinterest Revenue Jump Sends Stock Soaring; U.S. Users Drop Again
Pinterest’s fourth-quarter revenue rose 20% year-over-year, but U.S. monthly users declined for a third straight quarter.
Microsoft’s Next-Gen HoloLens Plans Have Reportedly Been Scrapped
Sources close to the headset’s division describe uncertainty and a pivot to making Microsoft’s mixed reality ambitions “financially sound.”
Former Google Cloud VP Joins AI Startup DataRobot
Debanjan Saha, who managed Google Cloud's BigQuery data warehousing business and previously worked at AWS and IBM, has decided to jump to a startup.
Quest Users Have Spent Over $1 Billion on VR Content, Meta Announces
Meta also announced plans to release a mobile version of its Horizon Worlds VR app later in 2022.
Weekday mornings
The Information AM by The Information Staff
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