Europe Files Antitrust Charges Against Amazon
The Commission also announced it would open another competition investigation which would focus on Amazon’s Prime program.
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Trials of Chinese Covid-19 Vaccine in Brazil Halted After Serious Side Effects
Details of why the study was stopped were not released, but the vaccine had already been administered to thousands of people in China.
Shares of Alibaba, Tencent Fall After China Unveils Draft Antitrust Rules
Among the behaviors targeted is sharing of consumer data, anti-competitive alliances, and subsidizing services to drive out rivals.
German E-Scooter Startup Grabs Funding from SoftBank
The funding raises Tier's valuation to just under $1 billion.
Adobe to Buy Workfront in $1.5 Billion Deal
The deal will value Workfront at almost four times its last private market valuation.
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.
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.
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