Troubled Electric Vehicle Startup Faraday Future to Partner with Foxconn and Geely to Make Cars
Chinese carmaker Geely said it had signed a preliminary agreement with Faraday Future and would invest in the startup's SPAC.
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China’s Full Truck Alliance Eyes $1 Billion U.S. IPO This Year
The SoftBank-backed startup recently raised $1.7 billion as global investors bet on tech companies that focus on China's logistics sector.
Robinhood Blames Capital Requirements for Trading Limits
Robinhood's statement is sure to focus attention on whether the company has the balance sheet big enough to handle the trading now flowing through its app.
Qualtrics Shares Rise Nearly 40% in IPO
The cloud-based survey software provider's public debut comes a few months after its co-founder and CEO bought a majority stake in the NBA's Utah Jazz.
Apple’s Tim Cook Escalates Feud With Facebook in Speech on Privacy
“If a business is built on misleading users, on data exploitation, on choices that are not choices at all, then it doesn’t deserve our praise,” Cook said.
Coinbase to Go Public Via Direct Listing
The cryptocurrency platform’s decision to skirt the traditional IPO route means the company doesn’t see an immediate need to raise fresh capital.
WeWork Weighing SPAC Offers
A SPAC would potentially take WeWork public in a much frothier market than the company saw over a year ago.
Brazilian Fintech Nubank Valued at $25 Billion
The company raised $400 million from Singapore’s sovereign wealth fund, Invesco and others.
Facebook’s Oversight Board Overturns 4 of Facebook’s Decisions
The board said it found Facebook’s misinformation rule “to be inappropriately vague and inconsistent.”
Facebook’s Purchase of Giphy to Be Investigated by U.K. Regulators
The probe, to be completed by March, comes as U.K. authorities pursue their own antitrust policy apart from the European Union.
Comcast Looks to Bring Its Flex Video Service Global
Comcast's plans would put it in competition with the likes of Amazon and Roku.
NBCU’s Peacock Lost $700 Million in 2020
The company's theme park and theatrical business continued to get hit by closures resulting from COVID-19, but broadband business grew.
Robinhood, Other Brokerages Restrict Trading in GameStop, AMC
The trading halt comes after wild swings in the prices of shares bid up by retail investors.
Samsung Posts Higher Operating Profit in Fourth Quarter
While Samsung's profit in the most recent quarter was up when compared with the year-ago period, it forecasted weaker sales in the first quarter of 2021.
Ant Group Plans Major Revamp Amid Beijing’s Pressure
Ant, which suspended its $37 billion IPO last year, now plans to turn itself into a holding company supervised by China's central bank.
Didi Raises $300 Million for Autonomous Driving Unit
The announcement comes soon after the Chinese ride-hailing giant said it had raised $1.4 billion for its new freight business.
Apple Sees Revenue Boom From iPhone, China Sales
Booming sales of iPhones and services, along with a giant surge in business in China, helped Apple deliver a record holiday quarter.
Facebook Grows Revenue 33%, Warns of ‘Significant Uncertainty’
Facebook grew its total revenue in the fourth quarter by 33% to $28 billion, beating estimates. But changes by Apple could hurt its business in the future.
Amazon Plots Further European Expansion With Polish Store
Amazon said it will open a dedicated online store for Poland, continuing a European expansion in the face of antitrust charges from the continent’s regulators.
AT&T Books $15.5 Billion Charge on DirecTV
The telecommunications giant was hoping to have announced a sale of the business by end of last year, sources said.
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