Neobank Chime Raises $750 Million at $25 Billion Valuation
The company announced new funding on Friday in the run-up to its 2022 IPO.
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Google Expands Kroger Grocery Pickup Footprint
Google is in talks with other retailers to expand a service that shares shoppers estimated arrival times for pickups
Chinese Battery Giant CATL to Raise $9 Billion to Boost Capacity
CATL is one of the world's largest makers of electric vehicle batteries and recently extended a deal to supply Tesla's China-made cars through 2025.
Alibaba Announces New Steps Against Sexual Harassment Amid Criticism
The move comes amid growing criticism that the Chinese e-commerce giant’s executives mishandled the recent case of an alleged sexual assault by its manager.
DoorDash’s Q2 Revenue Reaches $1.2B as Delivery Demand Holds
Rate of growth was slower than recent quarters
Airbnb Revenue Quadruples on Travel Rebound
Airbnb's revenue soared almost 300% to $1.34 billion as travel rebounded, especially among customers from countries with high vaccination rates.
Disney Plus Adds 12.4 Million Subscribers in Latest Quarter
Disney's streaming losses fell by half thanks to improvements at Hulu.
Gopuff buys London Delivery Startup Dija
The acquisition reflects rapid growth in the food delivery market in Europe, now being eyed by Instacart and Amazon as well as Gopuff.
Reddit Valued at $10 Billion
The online discussion forum has raised $410 million in a new round led by Fidelity Investments.
British Regulator Says Facebook-Giphy Hurts Digital Ad Competition
The British antitrust regulator found provisionally that Facebook’s purchase of Giphy removed a potential competitor in the digital ad market.
China Cracks Down on Online Fandom
The move is part of a months-long campaign to stop opinion manipulation and curb online celebrity worship.
SoftBank-Backed Coupang Reports Quarterly Loss
Shares of Coupang are down more than 30% since the company’s initial public offering in March.
Self-Driving Startup Pony.ai Shelves SPAC Merger Plan Amid China’s Crackdown
Many Chinese tech startups have put on hold their U.S. listing plans as Beijing has proposed cybersecurity reviews for Chinese firms seeking overseas IPOs.
Congress Challenges Apple and Google App Stores Policies With Bill
A bipartisan group of U.S. senators said the Open App Markets Act will force Apple and Google to let developers opt out of their app store payment systems.
Chinese Microblog Weibo’s Executive Arrested on Bribery Suspicion
The news comes amid Beijing's anti-graft campaign and regulatory crackdown on internet companies.
Poshmark & ThredUp See Continued Gains in Q2
The rival online used goods firms have different ways of selling previously owned merchandise. Their results show which approach yields higher profits.
WarnerMedia in Talks to Sell TMZ to Fox
The discussions are the latest by the telecom giant as it seeks to sell off its entertainment assets.
Casper Sees Pre-Pandemic Revenue Growth in Q2
The online mattress firm's sales jumped in the second quarter but its bottom line continues to take a hit.
Salesforce Plans Streaming Service for Professionals
Salesforce+ is expected to stream programs about Salesforce and its clients.
Tesla’s Car Deliveries in China Fall 69% in July
The decline in July deliveries could reflect the challenges Tesla had faced earlier in the Chinese market.
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