Opendoor, in Announcing SPAC, Opens Up About Losses
The company reported a net loss of $339 million last year, up from $240 million in 2018.
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Recent Editions
Senators Grill Google President Over Ad Tech Position
The hearing shed light on where the DOJ and state AGs could focus their anticipated antitrust suits against Google.
Stripe Offers Employees $20,000 to Relocate
Silicon Valley startup workers are permitted to work remotely forever—at a price.
ByteDance to Retain Majority Stake in TikTok
The reports suggests that ByteDance will succeed in keeping control of TikTok, despite Trump's original demand that the Chinese firm sell the app's U.S. operations or be shut.
Apple Debuts Subscription Bundle, New Watch and iPads
Apple One is a new monthly subscription that includes access to Apple Music, iCloud storage, and a new fitness class service.
Sequoia Capital Considered Forming SPAC, Says Partner
At the TechCrunch Disrupt conference on Tuesday, Sequoia partner Roelof Botha said the firm has talked about forming a SPAC.
NBCU’s Peacock Signs Up 15 Million Users
Fifteen million people have signed up for Peacock, up from 10 million six weeks ago, but its unclear what this means.
ViacomCBS Names Upcoming Streaming Service Paramount+
ViacomCBS will be entering a crowded field when it launches its global streaming service next year.
Walmart’s Flipkart Says Will Hire 70,000 Ahead of Indian Festival
Walmart's Flipkart is competing with Amazon and Reliance Industries for a slice of India's fast-growing e-commerce market.
Klarna Valued at Nearly $11 Billion
The Swedish online payments platform is still eyeing an IPO after fundraising that saw it double its value.
Microsoft, Amazon Try New Tactics to Woo Cloud Startups
Startups often run entirely in the cloud, and now Microsoft is courting them with an offer to help them sell their products.
Amid Pandemic Shopping Surge, Amazon to Hire 100,000 in North America
Since the pandemic began, Amazon has been aggressively expanding its physical footprint and aims to open hundreds of new facilities by the year’s end.
Airtable Scores $2.6 Billion Valuation
Airtable, which sells cloud-based software for collaboration, has raised $185 million in Series D funding.
Google to Reveal New Pixel Phones September 30
Both phones are expected to be Google’s first devices with 5G connectivity.
TikTok Submits Oracle Deal Proposal to U.S. Treasury
TikTok’s proposal with Oracle could ultimately not be green-lit by the U.S. government.
Snowflake Raises IPO Price Range, Aims for $29 Billion Valuation
The data management firm raised its range to between $100 and $110, up from between $75 and $85 per share.
YouTube Tests TikTok Rival ‘Shorts’ in India
Through YouTube, Google is the latest tech giant to launch a TikTok competitor while the Chinese-owned app faces regulatory challenges in the U.S. and India.
Alibaba Consider $3 Billion Investment in Southeast Asia’s Grab
The investment would be one of Alibaba's biggest bets on the region since it acquired local e-commerce site Lazada.
SoftBank Group Executives Consider Taking Company Private
Executives are frustrated by the gap between SoftBank's market capitalization and the value of its shareholdings.
Oracle Chosen as ByteDance’s Partner for TikTok
Oracle will be a technology partner of ByteDance but Oracle is unlikely to buy a majority stake in the app.
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