SoFi to Go Public via SPAC Backed by Chamath Palihapitiya
The merger will value the online lender at $8.65 billion.
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The Information AM
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Recent Editions
Twitch Suspends Trump’s Channel After Storming of Capitol
The Amazon-owned gaming service disabled the president's account, following similar moves by other social media platforms.
Shopify Bans Online Stores of Trump Campaign and Trump Organization
E-commerce platform Shopify took down online stores run by Donald Trump’s campaign and the Trump Organization Thursday following the president’s incitement of a riot at the U.S. Capitol.
Goldman Sachs TMT Head to Become Instacart CFO
The move is a sign Instacart is gearing up for a banner 2021 IPO.
Zuckerberg: Facebook Is Blocking Trump ‘Indefinitely’
Zuckerberg’s decision is the most aggressive yet taken by the social network, which has taken a generally hands-off approach to Trump’s posts
Snapchat Blocks Trump From Posting, Joining Twitter and Facebook
He won’t be able to share new content until Snap decides to lift the restriction, making it the last social network to ban the president.
Roblox to Go Public Via Direct Listing, Not IPO
The switch in plans comes amid news that Roblox just raised $520 million in Series H funding.
Facebook, Twitter, YouTube Remove Trump Video Saying Election Was Stolen
Facebook employees internally critiqued the company's handling of Trump's video before it was taken down. Twitter and YouTube also removed it.
New OpenAI Program Can Generate Images From Text
OpenAI, which is actively working to build a business around its AI research, shares details of a major breakthrough.
Disney+ Programming Chief Ricky Strauss Steps Down
His role has been sidelined as other executives in Disney asserted control over the app's programming.
U.S. Officials Said to Mull Stock Ban of China Tech Giants Tencent, Alibaba
Such a move would mark an escalation of the ongoing U.S.-China trade and cybersecurity war.
Amazon Announces $2B Housing Equity Fund
Amazon on Wednesday announced plans to commit more than $2 billion to help preserve affordable housing
Poshmark Sets IPO Pricing Range
Poshmark is looking to raise about $240 million from its IPO.
Comcast Names New Head of Sky
Dana Strong, the former head of consumer services at Comcast Cable, could be a successor to Comcast CEO Brian Roberts one day.
Former Goldman Banker Tapped as New BBC Chair
The appointment will likely be welcomed by BBC insiders after reports the prime minister was considering naming a fierce BBC critic to run the organization.
NYSE Reverses Again on Decision to Delist Chinese Telcos
The New York Stock Exchange left investors confused over the fate of three Chinese telecommunications companies accused of having ties to China’s military.
Democrats Win Senate Control, Spelling More Trouble for Big Tech
Democrats would bring legislation to change antitrust, corporate tax, privacy, and legal liability shield laws.
China’s Government Wants Ant Group to Share Consumer Data
Such a move would be the latest example of Beijing's tightening control over Ant and other Chinese tech giants.
Trump Bans Transactions With Eight Chinese Apps
Trump bans eight more Chinese apps just weeks before leaving office.
U.S. Task Force Says SolarWinds Hack ‘Likely’ Came From Russia
While President Trump has suggested that hackers in China may have carried out attacks on multiple federal agencies, investigators disagree.
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