The Information AM by The Information Staff

Ubiquiti told its customers more than two months ago that a breach of a third-party cloud provider may have leaked their data, but there's more to the story.

Briefing

Spotify Acquires Live Sports Talk App

Mar 30, 2021 · 8:41am PDT

Live audio chatting has become all the rage during COVID, but will it last?

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Facebook to Hire Chief Business Officer After Exec Departure

Mar 30, 2021 · 8:05am PDT

David Fischer has been at Facebook for more than a decade running ad sales and more recently oversaw the company’s business expansion into India.

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Epic Games Takes Fight Against Apple to U.K.

Mar 30, 2021 · 5:34am PDT

Epic Games has filed a new antitrust complaint against Apple with the U.K. competition authority.

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Xiaomi Says Will Invest Up to $10 Billion in Making an Electric Car

Mar 30, 2021 · 3:06am PDT

Lei Jun, the founder of the Chinese smartphone maker, will head the new electric vehicle unit, entering a field crowded with competitors including Tesla.

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Andreessen Horowitz Doubles Down on Substack

Mar 30, 2021 · 2:06am PDT

The Silicon Valley venture capitalist led a $65 million round of investing that valued the hot startup at $650 million.

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Didi’s Autonomous Driving Unit Plans to Raise $500 Million

Mar 30, 2021 · 1:58am PDT

The move comes as bankers and investors expect Didi, one of the world's most highly valued venture-backed startups, to go public later this year.

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Alternative Energy Firm Envision and Sequoia China Launch $1.5 Billion Investment Fund

Mar 30, 2021 · 1:31am PDT

The announcement for a 10 billion yuan fund for to invest in carbon neutral technologies comes after China said it would be carbon neutral by 2060.

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SolarWinds Hackers Accessed Emails of DHS Leaders

Mar 29, 2021 · 2:23pm PDT

New details in last year's hacking of network management software firm suggest major changes are needed to fortify U.S. government networks.

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Amazon-Backed Deliveroo Sets IPO Price at Bottom of Expected Range

Mar 29, 2021 · 8:23am PDT

Several institutional investors have said they'll skip Deliveroo's IPO because of concerns about working conditions for its couriers.

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Tencent Music Announces $1 Billion Buyback as Archegos Capital Fallout Hits Asian Tech Stocks

Mar 29, 2021 · 2:20am PDT

Tencent Music was among China tech stocks held by hedge fund Archegos Capital which were sold last week after margin calls.

Briefing

Chinese Video Site Bilibili Falls in Hong Kong Market Debut

Mar 29, 2021 · 1:25am PDT

Bilibili's weak performance after the Nasdaq-listed firm's secondary listing in Hong Kong could raise concerns for future Chinese tech IPOs later this year.

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Slack CEO Hints at New Clubhouse-Style Audio Feature

Mar 26, 2021 · 3:22pm PDT

Stewart Butterfield, co-founder and CEO of Slack, is still aiming to show that his company is more than a workplace chat service.

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WeWork Reports $3.8 Billion Losses for 2020

Mar 26, 2021 · 5:18am PDT

Details of WeWork's financial performance emerged in a securities filing related to its planned SPAC merger that will take it public.

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The Athletic Discusses Merger With Axios

Mar 26, 2021 · 4:31am PDT

The two would combine forces and then possibly go public through a SPAC.

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China’s Internet Giants Erase H&M From Their Platforms

Mar 26, 2021 · 2:24am PDT

The move comes as H&M and other Western brands face a boycott in China after expressing concerns about alleged forced labor by Xinjiang cotton producers.

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Congress Fumbles Big Tech Hearing on Misinformation

Mar 25, 2021 · 4:32pm PDT

Few specifics were given by Congress or the tech CEOs on how to reform Section 230, the law that shields internet companies from being liable for what their users post.

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Documents Contradict Amazon Statement on Worker Bathroom Conditions

Mar 25, 2021 · 3:58pm PDT

Documents suggest the so-called “peeing in bottles thing” is a real issue.