China Tech Stock Attacked By Short Sellers Rises After Denying Allegations
China's video app Joyy, which has a $3.6 billion deal with Baidu, rose 17% after denying fraud allegations by Muddy Waters.
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Recent Editions
Apple Bashes Facebook Over Ad Tracking Dispute
An Apple executive slammed Facebook for having a “disregard for user privacy” as the iPhone-maker plans to make ad tracking more difficult.
Gaming Tool App Roblox Files to Go Public
The digital gaming company posted a revenue growth rate of 56% last year.
Federal, State Agencies Close to Lawsuit on Facebook’s WhatsApp, Instagram Deals
Federal and state prosecutors are taking another look at Facebook's acquisitions and could seek retroactive breakups.
Malone’s Liberty Jumps Into SPAC World
Liberty’s move comes as the SPAC industry has evolved from one where SPACs were launched by individuals to one where private equity firms and venture capital firms are both getting involved.
BuzzFeed to Acquire HuffPost
The deal unites BuzzFeed's CEO Jonah Peretti with the site he co-founded over a decade ago.
Affirm Files to Go Public
The e-commerce lending service reported a 93% year-over-year growth rate.
Nasdaq to Buy Verafin in $2.75 Billion Cash Deal
The deal will strengthen Nasdaq’s regulatory technology.
Amazon Lays Off Dozens From Its Drone Delivery Project
Amazon’s drone program, called Prime Air, was announced by founder Jeff Bezos in 2013. But since then the projects has been delayed by technical and regulatory problems.
Educational Tech Company Encantos Raises $5.7 Million
The startup is focused on the environment, society and languages.
Raytheon Engineer Sentenced to Prison for Taking Secrets to China
Many new cases of Chinese technology theft were opened by the Trump administration and will likely continue under President-elect Joe Biden.
Short Seller Says Chinese Video Firm With Baidu Deal Is a Fraud
Muddy Waters Research called Joyy a "multibillion-dollar fraud" after the Nasdaq-listed Chinese firm struck a $3.6 billion deal to sell its unit to Baidu.
Tencent Invests in Udemy
The Chinese social network and games giant took part in a round of funding that raised $50 million for the San Francisco-based startup, which was valued at $3.25 billion before the new investments.
Phoenix Approves $205 Million Infrastructure Package for $12 Billion TSMC Chip Fab
The chip manufacturing facility by the world’s largest semiconductor maker would be its first advanced manufacturing plant in the U.S.
WarnerMedia to Release Wonder Woman Sequel Direct to Streaming
It’s the biggest movie to date that the pandemic forced from theaters to streaming.
Bitcoin Trades at Highest Level in Nearly Three Years
Concerns about inflation and growing acceptance by financial firms are helping drive the rally in the digital currency.
Nvidia’s Sales Jump 57% on Pandemic Gaming Surge
Nvidia's gaming business boomed during its fiscal third quarter, while its data center unit continued to emerge as a pillar of the chipmaker's business.
Google Pay Announces Major App Overhaul
The changes confirm our previous report that Google wanted its U.S. payment app to be much more than a way to pay at brick-and-mortar retail stores.
Apple Halves Its App Store Cut From Small Companies
The move is a concession by Apple as it faces increasing criticism and regulatory scrutiny over its App Store practices.
SoftBank in Talks to Invest in Brazilian E-Commerce Startup
SoftBank CEO Masayoshi Son continues to view Latin America as one of the Japanese tech investor's key battlegrounds.
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