Self-Driving Bot Developer Nuro Raises $500 Million
The money gap between the haves and have-nots in autonomous vehicle R&D continues to grow.
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The Information AM
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Ex-Disney Executive Kevin Mayer Joins Len Blavatnik’s Investment Firm
He'll be overseeing its media investment strategy
Downloads Surge for Right-Wing Social Network Parler
The app was created to be “the solution to problems that have surfaced in recent years due to changes in Big Tech policy.
SoftBank in Discussions to Sell Robot Maker Boston Dynamics
SoftBank is discussing a plan to sell robot maker Boston Dynamics to Hyundai Motor in a deal that could be worth around $1 billion.
Zoom Reaches Privacy Settlement With FTC
Zoom is banned from making misleading statements about its privacy practices and agrees to conduct annual reviews of its security risks under an FTC settlement.
Quartz CEO Leads Management Buyout
Quartz could be a target for a bigger digital news rollup, potentially for a SPAC.
Bloomberg Launches Lifestyle-Focused Streaming Channel
The financial news and data giant is looking at ways to grow its business as terminal sales slow.
Zoom Video Shares Drop as Vaccine News Sends Market Soaring
The market punished stocks that had gained during the vaccine, while lifting those that had lost ground.
SoftBank’s Earnings Continue to Recover on Investment Gains
About $10 billion in investment gains from the Vision Fund and the Vision Fund 2 boosted SoftBank's net profit in the quarter through September.
Apple Suspends New Business for Pegatron on Labor Violations
While Apple has dealt with supplier violations in the past, it’s rare for the company to issue public statements about them.
Analysts Slash Estimates of Ant Group Valuation By Half After IPO Suspended
Such a sharp revision in Ant’s value would make it worth less than when investors such as Silver Lake Management and Warburg Pincus invested in it two years ago.
Quantum Computing Firm ColdQuanta Gets New Funding
Quantum computing is a long-term bet where companies like IBM, Microsoft, and Google are well-established, but startups are getting in on the act too.
Netflix Testing Linear Channel Feature
The channel would show a stream of Netflix shows, which is very different to the service's on-demand model.
Viacom’s Revenue Down 9%
The company expects to exceed 19 million streaming subscribers this year.
Facebook’s WhatsApp Gets Approval to Expand Payments in India
Facebook was granted permission to expand its online payments on WhatsApp to 20 million users, up from 1 million.
ByteDance Rival Kuaishou Seeks to Raise $5 Billion in Hong Kong IPO
The company said revenue rose 48% to the equivalent of $3.8 billion in the first half of the year. Net losses in 2019 were roughly $3 billion.
Facebook Tweaks System to Combat Election Misinformation
“As vote counting continues, we are seeing more reports of inaccurate claims about the election,” the company said in a statement.
Alibaba, Richemont Announce $1.1 Billion Deal with Farfetch
The three-way alliance could have a significant impact on China's luxury market, which is emerging as the most important battleground for global brands.
Anonymous Trump Administration ‘Resistance’ Author Leaves Google
Miles Taylor, the former Homeland Security chief of staff behind the New York Times op-ed critical of the president, had been on unpaid leave since August.
Dropbox Sales Up 14% But Paying User Growth Slows
Dropbox is continuing to attract more paying users, but metrics like user growth and average revenue per user slowed compared to last quarter.
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