SoftBank Sells $1.69 Billion of Coupang Shares
SoftBank's latest asset sale comes after Coupang's New York-listed stock has declined sharply over the past few months.
Weekday mornings
The Information AM
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
Recent Editions
Murdoch Revives Plans for Fox News-Like UK Channel
Murdoch had put the project on ice a few months ago when a rival effort backed by Discovery launched.
Chinese Smartphone Giant Oppo Cuts Jobs After Merger With OnePlus
Oppo, which competes with Apple and Samsung, is trying to streamline its operations after expanding its workforce rapidly in recent years.
China Slows Videogame Approvals After Imposing New Limits on Minors
The policy change is likely to slow down game approvals in the world’s largest videogame market and impact Chinese videogame giants such as Tencent and Netease.
Didi Sees Steep Decline in Users
Aurora Mobile data showed that the number of daily users fell to about 11 million from nearly 16 million in June as competitors sought to take advantage of a government probe into Didi.
FTC Continues Maneuvering For Merger Crackdown
The agency rescinded 2020 guidelines for reviewing deals between companies that don’t directly compete.
Former AWS Exec Tapped to Lead New Microsoft Engineering Unit
Charlie Bell, the AWS veteran who jumped to Microsoft last month, will lead a newly formed engineering group focused on cybersecurity and other challenges.
UK Bank Monzo to Introduce Buy Now, Pay Later Product
Monzo had tested charging a 19% interest rate for loans of more than three months, although it's unclear whether it will keep that feature in the final product.
Goldman Sachs Acquires Buy-Now-Pay-Later Firm GreenSky For $2.2 Billion
Goldman's purchase is another sign that banks are looking to make bold bets on the future of buy-now-pay-later loan products after the success of Affirm, Klarna and Afterpay.
Emergency Response Startup Builds Cloud Data Exchange on AWS
RapidSOS cloud tool on AWS GovCloud aims to help 911 operators and safety agencies exchange major event data faster
TikTok Faces Two New Data Privacy Probes in Europe
The European Union is looking into TikTok’s handling of child data and transferring data to China.
Chinese Food Delivery Giants Won’t Force Workers to Register as Firms
The statements come amid global scrutiny of gig economy workers, with their status as non-employees without benefits being challenged by local governments.
Match CFO: App Store Ruling Can Cause ‘Substantial’ Shift in Profits to Developers
The maker of dating apps is preparing to offer its iPhone users the option of paying for subscriptions outside of the apps so it can avoid Apple's 30% fee.
Uber CTO to Depart Amid Higher Engineering Attrition
Rathnam is the second CTO to depart Uber in the past two years.
Design Software Startup Canva Valued at $40 Billion
Canva expects to surpass $1 billion in annualized revenue this year.
Apple Confirms iPhone 13, Available Sept. 24
The 80 minute long presentation was full of musical segments and videos and short on actual news.
Instagram Researchers Found App Harmed Teen Girl Users’ Mental Health
Company documents highlight executives’ awareness over body image problems tied to app.
Apple TV+ Taps Exec to Head Sports Documentaries
The company is hiring Miguel Tamayo, who most recently worked at Exile Content Studios, to oversee sports documentaries.
Amazon Plans 125,000 New Workers In Another Hiring Blitz
Amazon's latest hiring goal for hourly workers follows its recent announcement of hirings of corporate workers.
China’s DeepRoute.ai Raises $300 Million From Alibaba, Others
The investment comes a month after another Chinese self-driving startup, Pony.ai, shelved plans to go public in the U.S. through a special purpose acquisition company.
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