Stitch Fix CEO Katrina Lake Steps Down
Lake will stay on as executive chairperson. She'll be succeeded as CEO by Elizabeth Spaulding, the current president.
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Recent Editions
NSA Finds Critical Flaws in Microsoft’s Email Software
A new set of security flaws in Microsoft's Exchange Server could pose new headaches for customers still reeling from cyberattacks in recent months.
Epic Games Valued at Nearly $29 Billion in $1 Billion Funding Round
This new round signals that investors aren’t deterred by the company’s high-stakes legal battle with Apple.
Germany Continues Facebook Crackdown
A local data privacy regulator wants to block Facebook from collecting WhatsApp user data.
Singapore’s Grab to Go Public in $39.6 Billion SPAC Merger Deal
Grab plans to raise more than $4 billion in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company.
China Warns 34 Internet Companies to Comply With Antitrust Rules
The warning, just days after Beijing's anti-monopoly fine against Alibaba, shows how the government is tightening its control over the tech sector.
IBM Services Spinoff to Be Called Kyndryl
With the new name, IBM begins to draw clearer lines between itself and the new company that will be created when it completes the spinoff of its services unit.
Salesforce Extends Remote Work Policy Through End of Year
Salesforce will begin opening its California offices next month to small groups of fully vaccinated employees.
Sen. Hawley Proposes ‘Dominant Digital Firm’ Label in New Antitrust Bill
The Missouri Republican proposed banning all acquisitions by companies worth more than $100 billion.
Beijing Tightens Control Over Ant Group in Major Restructuring
Ant, Alibaba's financial technology arm, will become a financial holding company subject to more stringent rules similar to those that apply to banks.
Microsoft to Buy Nuance Communications for $16 Billion
The acquisition would be one of Microsoft's biggest after the purchase of LinkedIn five years ago.
More Than 100 Chinese Startups Withdraw IPOs From Domestic Stock Markets
The companies pulled out of listing on China’s two Nasdaq-like domestic stock markets, designed to provide capital to innovative companies, under pressure from a regulatory crackdown.
Cybersecurity Firm Darktrace to Go Public in London
Darktrace was reportedly seeking a $4 billion valuation in the London Stock Exchange.
Apple Will Make Executive Available to Testify at Senate App Store Hearing
Decision follows criticism from senators over Apple’s refusal to participate.
Alibaba Shares Rise After $2.8 Billion Fine in Antitrust Probe
The penalty for the e-commerce giant comes as Beijing has been stepping up its effort to rein in China's most powerful internet giants.
Facebook Paid 110% of Exec Bonuses Tied to Election Integrity Efforts
Facebook’s board also approved security protection for non-employee directors, citing the “dynamic and charged atmosphere" after the attack on the U.S. Capitol.
Jessica Alba’s Honest Co. Files to Go Public
Alba founded the Honest Co. in 2012 and remains the chief creative officer.
Apple Won’t Participate in Senate Hearing on App Store Competition
Apple’s decision drew a bipartisan rebuke from lawmakers.
Union Push at Amazon Warehouse Ends in Apparent Defeat
Amazon looks to have prevailed in a fight against labor organizers at a warehouse in Alabama.
China Approves Tencent’s $3.5 Billion Purchase of Search Engine Sogou, With Conditions
The proposed take-private of the nation's third largest search engine was seen as a test case of tougher anti monopoly regulations.
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