Amazon Slapped With Record $888 Million Fine by Europe
The $888 million fine for allegedly breaching Europe’s GDPR laws is the biggest sanction since the continent’s data and privacy regime was introduced in 2018.
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China’s Securities Regulator Calls for Close Communication With U.S.
Beijing's comments came after the U.S. Securities and Exchange Commission said it would require additional disclosures from Chinese companies seeking U.S. IPOs.
Sky News Australia Says Suspended from YouTube for a Week
Local media said the suspension comes after the News Corp. Australia TV station broadcast content denying the existence of Covid-19 or suggesting the use of discredited cures in violation of YouTube policy.
Square to Acquire Australia’s Afterpay for $29 Billion
The acquisition comes amid growing appetite for buy now, pay later services that let consumers make purchases in installments without credit checks.
Microsoft Is ‘Primary Antagonist’ in DOJ’s Google Antitrust Case - Google Lawyer
Judge calls Microsoft a ‘first’ third party.
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.
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.
Weekday mornings
The Information AM by The Information Staff
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