SoftBank-Backed U.K. Lender OakNorth Hit With $140 Million Defaults
The news comes as SoftBank has been reaping gains from its earlier investments such as DoorDash.
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The Information AM
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Recent Editions
Amazon Sues NY AG Over Covid Demands
Amazon is suing the New York state attorney general over her office’s probe into its Covid-19 response.
Qualcomm, Microsoft, Google line up against Nvidia’s $40 billion Arm takeover
Tech rivals are concerned by the threat posed to Arm's neutral status in the chip industry.
Robinhood Receives Subpoena Over GameStop Trading
Federal prosecutors are investigating whether individual traders engaged in market manipulation when they discussed bidding up shares.
Microsoft’s Brad Smith Says U.S. Should Introduce Australian ‘Payment for News’ Idea
Google has threatened to shutter its search engine in Australia over the proposals, which Microsoft has backed.
Disney’s Streaming Growth Powers Earnings
The surprise star in the collection of streaming assets was Hulu, which showed strong (and unexpected) growth.
Fourteen Healthcare Providers Form Startup to Analyze Patient Data
Fourteen top U.S healthcare providers said they’ve created a new startup called Truveta to analyze anonymous patient health data.
Bumble Stock Opens 77% Above IPO Price
Bumble’s market capitalization is already over $14 billion based on early trading.
Greenfield’s LightShed Starts VC Fund
LightShed has raised $75 million in the fund, which will invest in early stage tech and media companies.
Pet Care App Rover to Go Public via SPAC Merger
The deal values Rover at $1.35 billion, a 46% premium to its last private market valuation.
Facebook to Crack Down on Users Sending Racist Messages to English Footballers
Several top athletes were bombarded with racist comments over Instagram recently.
EU Seeks Partners for New Semiconductor Factory
A continent-based foundry would help European industries be less reliant on U.S. and Asian chipmakers.
Microsoft Tried to Buy Pinterest
Microsoft's approach comes as Pinterest's business has been accelerating, sending its stock price soaring.
Shares of Chinese Software Company Agora Soar on Clubhouse Success
Smash hit app Clubhouse appears to use software developed by Nasdaq-listed Agora, a Chinese company whose shares have risen 150% in recent weeks.
Tencent Employee Held by Chinese Authorities in Corruption Probe
The employee allegedly turned over Tencent's user data to a Chinese law-enforcement official who now is being investigated for suspected corruption.
Uber Sells Portion of Didi Chuxing Shares
The ride and food delivery provider lost nearly $1 billion in the fourth quarter of 2020.
SPAC by Former Disney Execs Buy Digital Fitness Company
Digital fitness apps have taken off amidst the coronavirus pandemic.
Facebook Working on Clubhouse Rival
Facebook's work to copy Clubhouse comes as the young startup recently raised money at a roughly $1 billion valuation
TikTok Deal With Oracle, Walmart Still on Hold
The proposed sale of the video-sharing app’s U.S. operation has been halted while President Biden reviews decisions made by his predecessor.
Global Investors Are Trapped in Ant Group After Its Failed IPO
Unusual conditions set for investors in the Ant Group IPO which was supposed to net 80% gains leave many unable to cash out.
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