Grocery Delivery App JOKR Raises $170 Million in Series A Funding
The round is one of the largest early-stage rounds ever raised and highlights investor bullishness for global grocery delivery businesses.
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Netflix Loses Subscribers In North America
Netflix's second quarter results are the latest sign of how competitive the streaming market has become.
AT&T Looks to Sell Ad Unit Xandr
The deal is the latest to unwind a number of transactions made by former CEO Randall Stephenson.
Jonathan Kanter To Be Nominated to Run DOJ’s Antitrust Division
If Kanter is confirmed, there will opponents of the largest technology companies at the DOJ, FTC and White House.
YouTube Buys Simsim in Global E-Commerce Push
The deal is a sign of Google’s ongoing push to integrate e-commerce across its products worldwide.
Apple Eyes Leasing Production Space
Apple has made moves in recent weeks indicating it might be becoming more serious about the entertainment.
Comcast, ViacomCBS Discuss International Partnerships
The two companies are looking to gain scale as they seek to compete with the likes of Netflix abroad.
SoftBank Leads $1.25 Billion Investment Into India Food Delivery Startup Swiggy
The investment comes amid a boom in tech funding and IPOs even as India’s economy struggles with Covid.
Biden Joins With Other Nations to Accuse China of Hacking Microsoft
The announcement marks a major escalation in efforts to combat China’s state-sponsored hacking attempts and is likely to trigger a sharp reaction from China.
AWS Boots Israeli Surveillance Firm NSO Off Cloud Service
AWS shut down the accounts of NSO Group from its cloud service following reports that its software has been used to conduct illegal surveillance.
Justice Department Clears Salesforce’s $27.7 Billion Slack Deal
The companies expect to close their deal Wednesday.
CNN to Debut Streaming Service in 2022
The service will include original programming as well as live shows.
FTC Chair Khan Appoints New Adviser
The new FTC Chair Lina Khan is unsurprisingly staffing her office with big tech critics.
Robinhood Sets IPO Pricing Range at $33 Billion Valuation
The valuation is below where private market investors had hoped Robinhood would go public, but is in line with a conversion price on notes issued by the company in February.
Bill Ackman Drops SPAC Deal for Part of Universal Music
Bill Ackman’s bid to acquire a portion of Universal Music through a SPAC deal has fizzled out after an intervention from regulators and a negative reaction from investors.
Tencent to Acquire U.K. Game Studio at Valuation of $1.26 Billion
The move comes as the Chinese game publisher aims to expand its overseas business by making hit games that will appeal to western audiences.
Report Alleges Israeli Spyware Was Used to Hack Journalists and Human Rights Groups
An investigation found the hacks were done using spyware from NSO Group, which sells its products to governments to track terrorists and criminals. The company denied the allegations.
Zoom to Acquire Call Center Firm Five9 for $14.7 Billion
Zoom is looking to parlay its success in videoconferencing to a new area, acquiring a call center company led by a former Cisco and Symantec executive.
FTC Commissioner Chopra Appoints New Advisor
Chopra is set to run the CFPB pending Senate confirmation.
Biden Says Facebook Is ‘Killing People’ With Covid Misinformation
The government has made several recommendations to Facebook and other platforms in an effort to tackle the spread of misinformation about Covid-19.
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