Indian Hotel Startup Oyo Has $1 Billion for Operations
The comments come after Oyo booked losses and laid off thousands amid the Covid-19 pandemic, which has drastically reduced demand for travel.
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Recent Editions
Zoom’s Sales Jump 367%, but Shares Plunge
After growing 355% last quarter, Zoom's sales reached new heights this quarter. But investors appear to be wary about its slowing growth this quarter.
ServiceNow Acquiring Startup Element AI for $500 Million
ServiceNow, which sells software for automating business functions, is adding AI research expertise to help it attract more business.
Alphabet’s DeepMind Reports Breakthrough in Protein-Modeling Software
Alphabet's DeepMind artificial intelligence unit has produced software that can predict the shape of some proteins.
Facebook Buys Customer Support Firm Kustomer
Kustomer will aide Facebook in offering more ways for businesses to communicate with customers through its messaging apps.
Salesforce Near Deal to Buy Slack
At Slack's current price, it is valued at $22.7 billion, or 20 times fiscal 2022 expected revenues.
GM Drops Plans to Take Stake in Nikola
Under a revised deal, GM will supply fuel cells to Nikola, whose stock fell 20% on the news.
DoorDash Sets Pricing Range at $25.4 Billion Valuation
The valuation is 63% above the valuation at which DoorDash raised money this past summer.
Meituan’s Revenue Grows as China’s Economy Continues to Recover
Meituan, China's biggest food delivery and on-demand services company, is benefiting from the steady recovery in the country's consumer spending.
U.S. to Add Chinese Chipmaker SMIC to Blacklist
The U.S. will add Semiconductor Manufacturing International Corp. and China National Offshore Oil Corp. to its list of companies it alleges are controlled by the Chinese military.
Jack Ma’s Ant Unlikely to IPO Before 2022
Jack Ma's online financial services and digital payment platform is scrambling to come up with ways to comply with new rules in China.
Airbnb, DoorDash IPO Valuations Expected to Pass $30 Billion, $25 Billion
Both companies are getting credit for generating positive free cash flows.
Zappos Founder Tony Hsieh Dies
Tony Hsieh, the co-founder of shoe retailer Zappos, died on Friday at the age of 46.
Snowflake Shares Jump 10% Ahead of First Earnings
As Snowflake heads into its first quarterly earnings as a public company, it has a new and potentially lucrative new service to talk about.
Stripe, SpaceX, Chime Had Largest Valuation Gains This Year
Record venture capital funding led to major valuation increases for these U.S. startups.
Black Tech Workers Blast Bias at Coinbase
More than a dozen Black Coinbase employees left the cryptocurrency startup in recent years, most due to racist or discriminatory treatment.
Facebook’s Libra Nears Launch But in More Scaled Back Format
The latest revision to Libra's plans is at least the second time the Facebook-led group has scaled back its ambitions.
UK Targets Facebook And Google With New Tech Regulator
It’s also the first major regulatory move from the UK government against the US-tech giants since the UK decided to leave the European Union, which is planning its own rewrite of the laws around online markets.
Alibaba and Tencent Held Talks to Buy Chinese Video Streaming App
The deal talks have stalled due to disagreements over price and concerns about Beijing's increasing antitrust scrutiny in the tech sector.
Apple to Move Some MacBook, iPad Production to Vietnam
Although Apple is moving some production to Vietnam, the country still lacks China’s labor pool, delivery infrastructure and supply chain of component makers.
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