SoftBank Leads $93 Million Investment in NFT Game Platform The Sandbox
The Sandbox, majority owned by Animoca Brands, allows users to build a virtual world using non-fungible tokens, and saw $144 million in transaction volume.
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ByteDance CFO Steps Back to Focus on TikTok As IPO Prospects Fade
The management change, which leaves the CFO position vacant, comes as prospects fade for an initial public offering in the near term.
Zoom Testing Web Ads for Free Videoconferencing Users
As Zoom looks for new sources of revenue, it is focusing on the thousands of unpaid users who have flocked to its service during the pandemic.
Rivian Seeking IPO Valuation of Nearly $60 Billion
Electric vehicle company Rivian Automotive is seeking a public valuation of nearly $60 billion in its forthcoming IPO, more than twice its last private market value
TikTok Signs Deal With Amazon Fire TV Devices
The move by TIkTok is its latest attempt to compete with YouTube.
ByteDance Caps Overtime
Employees at TikTok’s Chinese owner will need permission to work overtime as China takes aim at its '996' work culture.
Amazon Faces Call for Strike in Germany
German union Verdi called for a two-day strike at seven Amazon locations as part of an ongoing pay dispute.
Kuaishou CEO Steps Down as China Tech Leaders Avoid Spotlight Amid Crackdown
The move comes as China's government tightens its control over the country's internet giants and their billionaire founders.
Udemy Stock Falls in First Day of Trading
Udemy shares closed at $27.50 Friday, down from its IPO price of $29.
China’s Internet Regulator Issues Draft Rules on Overseas Data Transfer
The move is part of Beijing's broader effort to tighten its control over the vast troves of data collected by Chinese companies.
Zendesk Acquiring Momentive for $4.1 Billion
Zendesk, a fast-growing provider of customer service and customer management software, is branching out into a new market.
Amazon Reports Lackluster Q3 Earnings, Predicts Q4 Could Be Worse
Is this the end of Amazon’s pandemic-fueled hot streak?
Supply Constraints Hurt Apple’s Revenue
CEO Tim Cook said “supply constraints” caused by chip shortages and Covid-related manufacturing disruptions had reduced revenue by $6 billion, or 7%.
Oculus VR Brand Name to Be Retired as Facebook Adopts Meta
The company will gradually rebrand products like the Oculus Quest to the Meta Quest in 2022.
TikTok Taps Former Amazon Exec to Target Major Advertisers
The company is building an ad sales team to focus on Fortune 100 marketers.
Shopify Revenue Grows 46% in Q3
The Canadian tech giant is seeing a growth slowdown as more customers return to shopping in physical stores.
Comcast Touts Smart TVs, Peacock Who?
The company hardly mentioned its Peacock video streaming service on its earnings call, instead focusing on its new push into smart TVs.
Samsung Reports Record Quarterly Revenue on Strong Chip Demand
The South Korean tech giant also warned that its chip demand in the fourth quarter could be affected by component shortages at some customers.
China Clamps Down on Spam Ahead of Singles Day Online Sales
The government told China’s e-commerce sites to curb text messaging ahead of the Nov. 11 sales day.
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