Max Levchin’s Affirm Secures $500 Million
Fintech unicorn Affirm has raised another $500 million amid reports its prepping for an initial public offering.
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Recent Editions
Nvidia’s Arm Acquisition May Face Hurdles in China
Nvidia has been diversifying its business beyond gaming in recent years, but the Arm deal will face plenty of regulatory hurdles.
Fitness Startup Tonal Raises $110 Million
The company, which sells $3,000 exercise equipment, is the latest fitness startup raise capital amid a flurry of deals.
Facebook to Strengthen Rules for Internal Employee Communication
The shift comes after some Facebook staffers have increasingly turned to sharing their opinions about social issues internally.
Uber Hires New CTO From Amazon
This will take some of the load off CEO Dara Khosrowshahi's shoulders.
TikTok Plans U.S. IPO in Oracle Deal, Approaches Instagram Cofounder: Reports
The changes could appease the U.S. administration's concerns over TikTok's ownership.
Investments Between U.S. and China Fall to Nine-Year Low
The decline was due to escalating political tensions as well as the impact from the coronavirus pandemic, according to a report from Rhodium Group.
Sumo Logic Prices IPO at $22 Per Share
The pricing gives the data analytics firm a $2.2 billion public valuation, or nearly twice its private valuation.
Slack Shuffles HR, Chief of Staff to CEO Roles
Slack, after announcing last month that it won't reopen offices until at least June 2021, appoints a new HR leader and chief of staff to the CEO.
U.S. Officials Concerned About Oracle’s TikTok Bid
Oracle’s proposal for TikTok reportedly “falls short of resolving concerns of Trump administration officials."
Amazon Gets Into Podcasting
The company is paring the podcasting push with Amazon Music subscribers and onto Echo devices.
Uber Sells Euro Freight Marketplace Amid Cost Cuts
At Uber, money-losing, non-core businesses continue to be on the block.
Facebook to Start Testing Smart Glasses in Public Ahead of Release Next Year
The glasses, called Project Aria, will be worn by Facebook employees and gather data for future glasses that will overlay virtual objects onto the real world.
Snowflake Stock More Than Doubles on First Day
Snowflake is the hottest one of a group of five enterprise software stocks going public this month.
Unity Raises IPO Price Range
The game developer software company could be valued at over $12 billion.
Alibaba Unveils Its Own Smart Factory in China
The factory is part of Alibaba's push to apply its technology to China's old-fashioned manufacturing sector.
JFrog Prices IPO at $44 Per Share
The enterprise software firm’s IPO price is 26% higher than the midpoint of its initial expected pricing range.
FTC Starts Case Preparations in Possible Facebook Antitrust Suit
For the past year, the federal agency has been investigating whether Facebook has bought smaller firms to ward off competitive threats.
Former Uber Employee Criminally Charged in Self-Driving Car Fatality
Uber itself was lucky to escape punishment.
Snowflake Prices IPO at $120 Per Share
The IPO, which would be the largest-ever for software, will value Snowflake at over $33 billion.
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.
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