Robinhood Prices IPO at $38 Per Share
The price falls at the low end of the stock trading app's proposed range.
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The Information AM
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Recent Editions
Microsoft Acquires Spending Management Startup Suplari
While small, the deal shows how Microsoft is bolstering a key suite of business applications as it increasingly butts heads with Salesforce.
Facebook’s Revenue Jumps 56% to $29 Billion
The social media company predicts the rate of revenue growth will slow in the next two quarters.
FTC Chair Claims Big Tech Promote Fraud
Lina Khan appeared to throw her support behind those politicians seeking to erode tech's immunity from liability over what is published on their platforms.
Spotify’s Ad Revenue Jumps 110%
Spotify's ad revenue is up as the boom in digital advertising lifts earnings industrywide.
Alphabet Will Require Workers To Be Vaccinated
The policy change, after the Google parent previously stopped short of a mandate, is likely to trigger a rethink of vaccination policies in tech and other industries.
State AGs Will Appeal Loss in Antitrust Case Against Facebook
The appeal will add lengthy delays to the antitrust cases against the social network.
Shopify’s Revenue Grows 56% in Q2
The results show how the ecommerce software firm is benefiting from the surge in online shopping.
Airbnb Grilled By Lawmakers Over China Olympics Sponsorship
The move could spell trouble for foreign tech brands such as Samsung and Intel that are either sponsoring or advertising during the upcoming Winter Olympics.
Record Alphabet Earnings Fueled by Retail Ad Surge
The Google parent benefited from strong ad budgets and a pandemic-spurred shift to more online activity
Apple Posts 36% Growth in Revenue
The iPhone maker warned that revenue growth would be slower in the September quarter, in part due to supply constraints affecting the iPhone.
Microsoft Sales Jump 21%, but Shares Dip on Windows, Surface Concerns
Microsoft turned in a solid performance to close out its fiscal year, but shares dropped nearly 3% due to apparent concerns over the global chip shortage.
Amazon, Walmart, Take Antitrust Fight to India’s Supreme Court
The companies have futilely fought to quash a probe by Amazon’s antitrust agency.
DataRobot Raises $300 Million, Acquires AI Startup Algorithmia
DataRobot continues to make big moves following the recent departures of its co-founders, showing that investors haven't lost interest despite recent turmoil.
Tencent Temporarily Suspends New User Registration for WeChat
Even a temporary suspension of new user registrations would be unprecedented for the social messaging app, which counts more than 1.2 billion users.
Intel to Make Chips for Other Customers Such as Qualcomm, Amazon
The move will help it catch up to rivals TSMC and Samsung, which have taken the technological lead in chip making .
Tesla’s Profit Soars in Q2 on Sharply Higher Revenue
The automaker kept a lid on expenses, so its revenue translated into net income of $1.1 billion, compared to $104 million a year earlier.
Thoma Bravo Taking Medallia Private in $6.4 Billion Deal
The market for software that companies use to gather feedback from customers and employees has significant promise but has been slow to take off.
Facebook Reality Labs Announces ‘Metaverse Product Group’
The shakeup was detailed in a post Monday
China Says Food Delivery Drivers Must Be Paid Minimum Wage
Shares in China’s food delivery app Meituan fell sharply after China issued a warning that food delivery drivers must be paid minimum wage.
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