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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.

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Recent Editions

Briefing

PE Firm Boyu Capital, Famous for Backing Ant and Alibaba, Targets $6 Billion for New Fund

Feb 24, 2021 · 1:27am PST
Fundraising for the $6 billion new fund shows Boyu's optimism after a string of big returns from investments including Kuaishou, but could test investor appetite.
Briefing

Snap Rallies After Predicting 50% Revenue Growth for Several Years

Feb 23, 2021 · 2:49pm PST
The comments, made during a virtual presentation to investors, sent Snap’s stock price up roughly 20% to a record high of $70.
Briefing

Biden Administration to Sanction Russia Over SolarWinds Hack

Feb 23, 2021 · 2:40pm PST
Sanctions and other punishments will aim to show Russia that its longstanding campaign of cyberattacks won't be tolerated.
Briefing

Sony Is Developing New VR System for PlayStation

Feb 23, 2021 · 12:55pm PST
Sony is developing a new virtual reality product for its latest console, the PlayStation 5.
Briefing

Amazon Executive Jeff Blackburn Leaves Company Following Sabbatical

Feb 23, 2021 · 11:21am PST
Jeff Blackburn, one of Amazon’s most senior and longest-tenured executives, is leaving the company following a sabbatical,
Briefing

Lidar Maker Velodyne Ousts Founder and Wife for Inappropriate Behavior

Feb 23, 2021 · 12:40am PST
Chairman David Hall and the company's head of marketing, his wife Marta Thoma Hall, were fired in a board meeting.
Briefing

Facebook to Restore News Sharing in Australia

Feb 22, 2021 · 9:25pm PST
The move is a win for Facebook as the new amendments to a proposed Australian law give it more time to negotiate a commercial deal with local media outlets.
Briefing

The RealReal’s Revenue Fell in Q4 and Losses Mount

Feb 22, 2021 · 4:05pm PST
Although losses continue to climb, the San Francisco-based luxury resale company is opening more stores.
Briefing

Neumann, SoftBank Settlement Could Pave Way for WeWork SPAC

Feb 22, 2021 · 3:29pm PST
SoftBank would purchase $500 million of WeWork shares from Neumann, about half of the two sides' 2019 agreement.
Briefing

Google, Apple App Store Bill Advanced by Arizona Legislature

Feb 22, 2021 · 12:53pm PST
State legislatures continue pressuring Big Tech.
Briefing

Discovery Profit Falls by Half

Feb 22, 2021 · 5:45am PST
The only source of revenue growth for Discovery came from raising the fees the company charges cable and satellite operators to carry its TV networks.
Briefing

China’s Banking Regulator Issues New Restrictions on Internet Loans

Feb 22, 2021 · 12:56am PST
The new restrictions for banks come as Beijing is stepping up its scrutiny of Ant Group and other online lending platforms.
Briefing

Amazon Wins Court Battle to Halt Deal Between India Partner, Reliance

Feb 22, 2021 · 12:21am PST
The ruling is a legal win for Amazon, which is battling competitors such as Walmart and Reliance Industries in India’s e-commerce market.
Briefing

Coinbase Valued Above $100 Billion in Private Transaction

Feb 21, 2021 · 11:03pm PST
Secondary shares of the privately held company traded could offer a reference point for the company's upcoming public offering via a direct listing.
Briefing

Clubhouse Says Its Chats Were Leaked

Feb 21, 2021 · 7:23pm PST · 1 comment
The popular invite-only chat app said someone streamed audio to a third-party website without authorization, raising concerns about the site's security.
Briefing

Stripe Names Ex-Central Banker Carney to Board

Feb 21, 2021 · 11:49am PST
The company said Carney’s appointment will help with its international expansion and achieving its climate change goals.
Briefing

Google Fires Another Prominent AI Researcher

Feb 19, 2021 · 4:05pm PST
Margaret Mitchell, who co-led Google's Ethical AI team, has been terminated after an internal probe found violations of corporate security policies.
Briefing

U.K. Court Rules Uber Must Classify Drivers as Employees

Feb 19, 2021 · 5:28am PST
The ruling has echoes of fights Uber has had in the U.S. on the same issue, particularly in California, which it won by backing a referendum on the subject.
Briefing

Hong Kong Billionaire Richard Li Mulls a New SPAC, But This Time Without Peter Thiel

Feb 19, 2021 · 2:40am PST
The son of scion Li Ka-shing has already lunched two other Bridgetown SPACs with Thiel, which focused on Southeast Asia.
Briefing

Chinese Grocery App Xingsheng Selected Raises $2 Billion

Feb 19, 2021 · 1:59am PST
The community group buying app is worth $8 billion after the fresh injection of capital, raising the stakes in China's grocery wars.