Epic Says Google Exaggerated Fortnite Game’s Security Risk
Google exaggerated the severity of a 2018 security vulnerability it detected in Epic Games’ Fortnite app, Epic alleged in a newly unredacted filing
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Recent Editions
Amazon Settles With CA AG Over Worker Covid Notifications
The California AG's office announced that it has obtained a settlement from Amazon over its “harmful” Covid exposure notification practices for warehouse workers.
Paradigm Raises $2.5B Crypto Fund
Paradigm has raised the crypto industry’s largest venture fund, breaking a record held by Andreessen Horowitz.
Splunk CEO Steps Down Shares Drop 19%
Doug Merritt, president and CEO of Splunk, is leaving the company after six years at the helm.
Podium Raises $201 Million, Doubles its Valuation
The messaging and payments platform is using new capital to grow its merchant base from 100,000 to over one million.
Casper Accepts Buyout Offer
Casper had struggled even before going public but the pandemic aggravated its difficulties, forcing the company to lay off staff, close U.S. stores and shut down its European operations.
China Considers Expanding Cybersecurity Reviews to Hong Kong IPOs
The proposed rules announced over the weekend pose fresh challenges for Chinese startups seeking IPOs after China had already made it harder to list in the U.S.
Disney Promotes Slate For DIsney+
The announcements are to celebrate the second anniversary of its streaming service, but many titles not coming out till late next year.
Google Cloud Engineering Veteran Jumps to Twilio
Twilio has hired Eyal Manor, a 14-year Google engineering veteran who worked on cloud, advertising and YouTube products, as chief product officer.
Alphabet Shareholder Calls For Racial Equity Audit
The proposal is emblematic of new requests from shareholders calling for more transparency on tech companies’ impact on society and workers that have gained traction
Exile Content Buys Podcasting Company
The entertainment company, which specializes in Spanish Language shows and movies, plans to make 25-40 podcasts next year.
Warby Parker’s Revenue Grew 32% in Q3
The eyeglass seller, which went public via direct listing in September, has seen its growth rate return to normal levels in the third quarter and a jump in the company's adjusted earnings during the same period.
BuzzFeed’s SPAC Partner Sets Date of Shareholder Meeting
The public debut of BuzzFeed is much anticipated in the digital media sector, as it will signal investor attitudes towards the value of mid-sized digital media firms such as Bustle, Vice and Vox.
Alibaba’s Annual Shopping Event Records Slowest-Ever Growth
The slow growth comes as Alibaba has been grappling with Beijing's harsh regulatory crackdown through anti-monopoly penalties and other measures.
Applied Intuition, Developer of Autonomous Vehicle Software, Valued at $3.6 Billion
Coatue, Addition and Elad Gil co-led the round for the startup, which was last valued at $1.3 billion
Cloud Firm Weave Communications Stumbles in Public Debut
Weave Communications, a 13-year-old company that sells software to small businesses, had a rough first day of trading.
Rivian Shares Surge For a Second Day and Are Now Up 57% From IPO
Wall Street continues to bet it's another Tesla
Shopify Partners with Link-in-Bio Startup Linktree on Creator Storefronts
Shopify and LinkTree are partnering so creators can show off their latest products in their social media bios.
Wish CEO Steps Down as Revenue Continues to Drop
The online marketplace has seen a sharp decline in its share price following two consecutive quarters with revenue decreases. Now, the founder and CEO is stepping aside as the company faces a tough road to recovery.
Google’s AR/VR Chief Moves into CEO’s Inner Circle
Google is an also-ran in VR and AR, but the leader of those efforts at the company will now report to CEO Sundar Pichai.
Weekday mornings
The Information AM by The Information Staff
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