SPAC by Former Disney Execs Buy Digital Fitness Company
Digital fitness apps have taken off amidst the coronavirus pandemic.
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Recent Editions
Facebook Working on Clubhouse Rival
Facebook's work to copy Clubhouse comes as the young startup recently raised money at a roughly $1 billion valuation
TikTok Deal With Oracle, Walmart Still on Hold
The proposed sale of the video-sharing app’s U.S. operation has been halted while President Biden reviews decisions made by his predecessor.
Global Investors Are Trapped in Ant Group After Its Failed IPO
Unusual conditions set for investors in the Ant Group IPO which was supposed to net 80% gains leave many unable to cash out.
Electric Truck Maker Rivian Targets $50 Billion IPO This Year
Rivian, which is backed by Amazon and T. Rowe Price Associates, could go public as soon as September, marking a milestone for one of Tesla's most legitimate competitors.
Apple Developing Advanced Display Technology With TSMC in Taiwan
The move is another sign of how Apple is doubling down on AR/VR as the next big tech platform.
Lyft Revenue Falls 44% as Slow Recovery Continues
A slight revenue improvement from the prior quarter seems to be enough to get public market investors excited.
Salesforce Clarifies Post-Pandemic Remote Work Policy
As Covid-19 vaccine distribution grows, Salesforce is starting to plan for returning at least some of its 54,000 employees to offices.
Twitter Grows Users 27% to 192 Million Despite Trump Ban
Twitter's users are still rising, just not as fast as expected.
Amazon Developing Wall-Mounted Echo for Smart Home Control
Why not integrate Alexa into your wall?
James Murdoch Eyes SPAC for Asian Tech and Media Companies
Murdoch and the former head of Walt Disney's Asia operations, Uday Shankar, are looking at setting up a special purpose acquisition vehicle to buy Asian media or technology companies.
Clubhouse Blocked in China After Briefly Flourishing
The popular audio-chat app gained a lot of buzz as Chinese users spoke freely about sensitive topics before Beijing blocked the app.
Reddit Valued at $6 Billion
In the wake of the GameStop fiasco, social news aggregator Reddit has raised $250 million in new funding.
Disney’s Former TV Chief Launches Youth Sports App
The app, led by Disney's former head of television Ben Sherwood, is a subscription-based business that helps youth sports coaches.
Goldman Sachs Hires Former Stripe Payments Executive
The hire shows how Goldman Sachs' adoption of cloud application development techniques for investment banking is spreading into the consumer side.
Twitter Subscription Feature Could Include ‘Tipping’
Tipping has become a feature of platforms, such as OnlyFans and Twitch, that host content from artists and other creators.
Chinese Users Scramble to Clubhouse Before It’s Blocked
The chat app has quickly grown popular as a platform for rare unfettered discussions of sensitive topics by Chinese users.
SoftBank Reaps $11 Billion Profit on Vision Fund Investment Gains
The Vision Fund's investment gains surged thanks in part to DoorDash's blockbuster IPO and the rise in Uber shares.
TikTok in Big E-Commerce Push in the U.S.
A report says that TikTok is pushing into affiliate marketing and live-streaming e-commerce.
Hyundai and Kia Say They Aren’t in Talks to Develop Apple’s Autonomous Vehicle
Hyundai and its affiliate Kia said they're not working on an Apple car, but they're talking to other companies about developing autonomous electric vehicles.
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