CVS to Close 900 Stores Over Three Years, Push Online Business
The pharmacy retailer joins a list of traditional retailers like Macy's and Saks Fifth Avenue who have made more aggressive efforts to beef up their e-commerce presence.
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Alibaba Slashes Revenue Guidance as China’s Economic Growth Slows
The Chinese e-commerce giant is grappling with economic headwinds as well as Beijing's crackdown on the internet sector.
India’s Paytm Drops 26% in First Day of Trading
The online payments platform's IPO was the largest ever in the county but share prices fell amid questions about its profitability and business model.
Staples Center to be Renamed Crypto.com Arena
Cryptocurrency exchange Crypto.com signed a 20-year deal with the Los Angeles sports venue.
Sony PlayStation Exec Blasts Activision Over Harassment Allegations
PlayStation head Jim Ryan criticized the game publisher’s response to numerous harassment and assault allegations.
FTC Nominee Bedoya Faces Partisan Pushback at Confirmation Hearing
FTC Chair Khan needs Bedoya to break 2-2 commission deadlock.
Apple Unveils Self Service Repair Plans for iPhone and Mac Products
The company will begin selling “Apple genuine” components for repairs to customers.
Amazon Will Stop Accepting Visa Credit Cards In UK Over Fee Charges
Amazon will no longer accept Visa credit cards as payment from U.K. shoppers starting in January.
Alphabet CEO Says Search Is At Center of Future Growth
“I still feel search is our biggest moonshot as a company,” Alphabet CEO Sundar Pichai said this week
Alibaba-Led Consortium Nears Takeover Deal for Chinese Chip Giant
The $7.8 billion deal comes as China's government is pushing hard to make the country more self-sufficient in the supply of semiconductors.
Google Filing Seeks to Undercut Sonos Patent Claim
The filing is the latest in a high-profile patent skirmish between the companies that worked together on audio projects for years
Senate Confirms Jonathan Kanter to Head DOJ’s Antitrust Division
Kanter will inherit high profile investigations and lawsuits involving Google and Apple.
Qualcomm CEO Gives 10 Million Unit Sales Estimate for Meta’s Quest 2 VR Headset
Meta has yet to disclose definitive sales figures for its headset.
Faire Raises $400 Million at $12.4 Billion Valuation
Faire has raised over $600 million this year in a VC market with an insatiable appetite for fast growing e-commerce startups.
Streaming TV Measurement Firm Samba TV Files to Go Public
As more people and ad dollars flow into streaming TV, firms such as Samba TV, which plans to raise up to $75 million, eye an opportunity to grow revenue.
Activision’s CEO Kept Multiple Sexual Assault Allegations at Company Quiet: Report
Documents show that Bobby Kotick was aware of allegations that he either denied knowledge of or downplayed to the company board.
Poshmark Hires Former Amazon Exec as its New CFO
The new CFO will be tasked with lifting Poshmark out of the financial turbulence the secondhand goods firm has hit in its first year as a public company.
Peloton Seeking to Raise $1 Billion in Public Stock Offering
Fitness company Peloton is raising $1 billion in a stock offering, supplementing the company’s cash reserves as it grapples with a sharp slowdown in growth and significant losses in the most recent quarter.
Walmart Keeps Its Place as Largest U.S. Public Company by Revenue
Amazon is gaining on Walmart in the list of the largest U.S. public companies by revenue, but the Bentonville, Ark.-based retailer has for now held onto the top spot
U.K. Orders Full Antitrust And Security Review Into Nvidia-Arm Deal
The Nvidia-Arm deal could reshape the global chip industry but looks increasingly imperiled by overlapping regulatory reviews in several countries.
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.
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