Discovery Profit Falls by Half
The only source of revenue growth for Discovery came from raising the fees the company charges cable and satellite operators to carry its TV networks.
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China’s Banking Regulator Issues New Restrictions on Internet Loans
The new restrictions for banks come as Beijing is stepping up its scrutiny of Ant Group and other online lending platforms.
Amazon Wins Court Battle to Halt Deal Between India Partner, Reliance
The ruling is a legal win for Amazon, which is battling competitors such as Walmart and Reliance Industries in India’s e-commerce market.
Coinbase Valued Above $100 Billion in Private Transaction
Secondary shares of the privately held company traded could offer a reference point for the company's upcoming public offering via a direct listing.
Clubhouse Says Its Chats Were Leaked
The popular invite-only chat app said someone streamed audio to a third-party website without authorization, raising concerns about the site's security.
Stripe Names Ex-Central Banker Carney to Board
The company said Carney’s appointment will help with its international expansion and achieving its climate change goals.
Google Fires Another Prominent AI Researcher
Margaret Mitchell, who co-led Google's Ethical AI team, has been terminated after an internal probe found violations of corporate security policies.
U.K. Court Rules Uber Must Classify Drivers as Employees
The ruling has echoes of fights Uber has had in the U.S. on the same issue, particularly in California, which it won by backing a referendum on the subject.
Hong Kong Billionaire Richard Li Mulls a New SPAC, But This Time Without Peter Thiel
The son of scion Li Ka-shing has already lunched two other Bridgetown SPACs with Thiel, which focused on Southeast Asia.
Chinese Grocery App Xingsheng Selected Raises $2 Billion
The community group buying app is worth $8 billion after the fresh injection of capital, raising the stakes in China's grocery wars.
Tencent Raises $8.3 Billion in Syndicated Loan
The debt financing would provide the Chinese internet giant with a bigger war chest to make more deals overseas.
Australia Presses Ahead with Law Despite Facebook News Blackout
The Australian government said it held talks with Facebook CEO Mark Zuckerberg, who faces mounting pressure after Canada said it will follow Australia's lead.
Australia Presses Ahead With Law Despite Facebook News Blackout
The Australian government said it held talks with Facebook CEO Mark Zuckerberg, who faces mounting pressure after Canada said it will follow Australia's lead.
Facebook, Google, Twitter CEOs to Testify on Disinformation
The hearings signal that the new Congress will continue to pressure large tech companies.
Google Appoints New Ethical AI Research Leader
After an extended period of internal turmoil following the firing of respected AI research leader Timnit Gebru, Google is now trying to right the ship.
Robinhood CEO Tenev Faces Grilling at Congressional Hearing
Members of Congress grilled Tenev about whether Robinhood’s disclosures contributed to trading volatility.
Japan Singles Out Google in New Antitrust Report on Online Ad Market
The report is the latest by a global antitrust regulator focused on competition in digital advertising.
Amazon Signs Overall Deal with Donald Glover
The deal shows how more companies are going straight to talent to create programming for their streaming services.
WeWork Cut Prices by 10% in U.S.
WeWork slashed prices by as much as 20% to 25% in some cities.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy