Didi Global Will Cut Up To 20% of Staff Ahead of Hong Kong IPO
The headcount cut comes as the ride hailing giant prepares to delist from the U.S. and move shares to Hong Kong.
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Recent Editions
Lawyer Who Helped Lead State Antitrust Cases Against Google, Facebook, Takes DOJ Job
The Justice Department’s antitrust division still has a number of senior roles to fill.
Texas Hits Meta With Lawsuit Over Past Facial Recognition Practices
Texas could seek hundreds of billions of dollars in civil penalties
Intel Near $6 billion Deal to Buy Tower Semiconductor
A deal for Israel-based Tower Semiconductor would get Intel into the business of manufacturing speciality chips at a much lower price than the previously reported interest in GlobalFoundries.
SoftBank Leads $100 Million Round for Chinese AI Startup
The deal shows how SoftBank continues to strike new deals in China, even after Beijing's regulatory crackdown last year hurt some of its portfolio companies.
Super Bowl Ads Reflect Rise of Cryptocurrency Companies
The big-ticket ads are part of the firms' efforts to reach the majority of Americans who still haven't invested in cryptocurrencies.
Amazon and Spotify Consider Bids For U.K. Podcast Firm
Amazon and Spotify are considering separate takeover efforts for London-based company company which is an intermediary between podcasts and advertisers, and makes original audio content.
BlockFi Expected to Pay $100 Million to Settle SEC, State Charges: Report
BlockFi and other companies offering crypto lending products have faced growing scrutiny from the SEC and state governments as regulators have argued these products are unregistered securities.
Cisco Said to Offer More Than $20 billion For Splunk
A deal for Splunk, whose software can analyst huge troves of machine-generated data from servers and networking gear, could complement Cisco Systems' security business and prior acquisition of AppDynamics.
OpenSea Launches Venture Capital Arm
The company joins the ranks of many other crypto companies investing in other Web3 startups.
Zendesk Receives Offers as Firms Urge Investors to Reject Momentive Deal
The firms’ calls for investors in Zendesk, which offers customer service software, to reject the deals comes amid offers from private equity firms, according to the Wall Street Journal, which Zendesk’s board rejected.
Gopuff Preparing to Move to Gig Work in U.K., Where Model Is Under Scrutiny
Unions and regulators in the U.K. and Europe have been mounting challenges to the gig economy model used by the likes of Deliveroo and Uber.
European Publishers Complain to Regulators Over Google Ad Tech
Google is facing challenges from regulators and lawmakers around the world that could have far-reaching consequences for its core advertising business.
Intel’s First Blockchain Chip Will Ship Later This Year, With Block as a Customer
The move could help Intel Corp gain a foothold in the emerging market for custom chips specifically designed for crypto mining.
Meta To Hold Company All-Hands Meeting To Detail Metaverse Plan
The meeting follows a volatile period for the social media company, which saw its stock fall after reporting slow advertising growth and a drop in users.
NBCUniversal to Pull ‘Saturday Night Live’ Off Hulu
The move raises questions about the future growth of Hulu.
China’s Chip Making Giant SMIC Posts Record Revenue
Semiconductor Manufacturing International Corp. said annual sales rose 39% to $5.4 billion on the back of surging global demand and tight supply amid U.S. sanctions.
Affirm’s Revenue Grows 77% in Q2 But Losses Widen
The fintech's partnership with Amazon and Shopify delivered strong merchant and transaction volume growth, but a steep rise in expenses deepened Affirm's operating losses.
DOJ Urges Rethink of Gig Worker Employment Classification
Any changes could shake-up how ride-hailing and delivery companies do business.
Apple Changes Ex-Employees’ Job Titles in Verification Databases: Report
A former Apple employee alleged the practice disrupted her efforts to find a new job.
Weekday mornings
The Information AM by The Information Staff
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