Snap Grows Revenue 62% as Daily Users Reach 265 million
CEO Evan Spiegel said the growth “validates the broad appeal of our service” and that “we see a tremendous opportunity to innovate in ecommerce."
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Recent Editions
Microsoft Bolsters Teams With New Remote Work Features
Microsoft, which has been locked in a battle with Zoom, Slack and others in the market for remote work software, is now upping the ante.
Digital Now Dominates New York Times Co. Revenues
Despite growth in digital, long term trends are troubling, as average revenue per digital subscriber is falling and digital advertising is also declining.
CNN’s Zucker to Leave at End of Year
The announcement puts to end months of speculation about when the chief would leave, but now raises more questions about the future of the network.
Banks to Reduce Consumer Loan Cooperation With Ant Group
Beijing's regulatory crackdown could force Chinese financial technology giant Ant Group to scale back its consumer credit and loan services.
Twitter in India Faces Punishment in Showdown With Government Over Censorship
The government is angry that Twitter unblocked some 250 accounts it had initially blocked after a government request to censor content from a farmers' protest.
Parler CEO Fired
Former Parler CEO John Matze said he was fired last Friday from the social-media app after disagreements with the company's board.
Box Acquires Digital Signature Startup, Plans New Product
Box is hoping to capture more spending from customers by building a new digital signature service, and acquiring SignRequest to speed those efforts.
Spotify Sees Growth off Podcasting
Despite growth, the company's outlook is conservative for 2021.
Ant Group Reaches Agreement With Government to Become a Financial Holding Company
The deal will turn Jack Ma's fintech giant into a holding company with similar capital requirements and oversight like a bank.
Tencent Says It Fired More Than 100 Employees on Suspicion of Graft
The Chinese tech giant said that it investigated 60 cases since the last quarter of 2019 and turned 40 employees to police for investigation.
China Stockpiles Chips and Chip-Making Equipment Amid U.S. Pressure
China is trying to protect itself from U.S. efforts to restrict the sales of key American technology products to Chinese companies.
Amazon Reports Record Earnings and a Transition of Power
Amazon on Tuesday dropped a heck of a lot of news.
Bezos to Step Down as Amazon CEO, Will Be Replaced By AWS’ Andy Jassy
Amazon on Tuesday announced that founder Jeff Bezos will step down as CEO Q3 and transition to the role of Executive Chair.
Google Says Cloud Business Generated $13 Billion in Revenue in 2020
Google has been waging an aggressive campaign to expand its market share in cloud-computing.
Bumble Sets IPO Pricing Range
The dating app is looking to raise about $1 billion at the midpoint of its tentative pricing range.
GameStop Stock Collapses Days After Short Squeeze
The stock was trading as high as $483 in recent days and is now hovering around $114.
Uber Buys Alcohol Delivery Service Drizly for $1.1 Billion
The acquisition helps Uber match goPuff, another delivery service which recently bought a liquor chain.
Alibaba CEO: Unable to Assess Impact From Ant Group’s Challenges
Despite strong quarterly earnings, Alibaba continues to grapple with Beijing's regulatory crackdown on the e-commerce giant and its affiliate Ant Group.
ByteDance Accuses Tencent of Monopolistic Behavior
Tencent restricts users from sharing content from ByteDance short-video app Douyin on its messaging app WeChat and QQ.
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