Aeva to Go Public in $2.1 Billion SPAC Merger
The deal will lift the LiDAR startup to almost five times its last private market valuation.
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Recent Editions
Apple Likely to Debut New Macs at Nov. 10 Event
Apple sent out invitations for a virtual event Nov. 10 expected to feature new Mac computers, the company's first based on Apple-designed chips.
Several SoftBank Vision Fund Partners Depart
The departures follow a tumultuous year for SoftBank, which has sold off a slew of assets to reduce its debt.
India’s Future Retail Says It Will Ignore Amazon Dispute Order
The dispute highlights how fierce the retail and e-commerce market is in India, where Amazon is batting it out with Reliance and Walmart for market share.
Startups, Investors Concerned Over Tighter H-1B Visa Rules
The tighter rules are part of a pledge by President Trump to promote the hiring of American workers over foreign workers.
Huawei Plans New Chip Manufacturing Plant in China
Huawei is trying to secure supplies of semiconductors as it struggles to cope with U.S. sanctions that have limited its access to key chip manufacturers.
U.S. Government Says It Will ‘Vigorously Defend’ TikTok Ban
The judge on the case said the “government’s own descriptions of the national security threat posed by the TikTok app are phrased in the hypothetical."
Dropbox CTO Departs a Year After Joining
Dropbox, which is facing long-term declines in revenue growth and paying customers, won't be hiring a new CTO.
Sony Closes In on Deal for Crunchyroll
The reported price for the streaming service is around $1 billion.
Under Armour Sells MyFitnessPal to Investment Firm
Under Armour made a big splash with the 2015 purchase of MyFitnessPal but the pandemic has stressed its retail business.
Airbnb to Launch ‘Host Endowment’
The announcement likely represents the company's effort to ensure hosts feel included by the potential windfall of the IPO.
Facebook’s QAnon Ban Fails to Curb Its Reach, Security Firm Says
A network of QAnon accounts responsible for hundreds of thousands of posts went largely untouched after Facebook said it banned QAnon content, according to new research.
Credit Karma Looks to Sell Tax Preparation Business to Square
The DOJ would have to approve the sale, which would consolidate the tax preparation software market.
Disney Promotes Broadcast Executive as Head of Networks
Disney has promoted Debra O'Connell to head of the networks business, putting her in charge of all P&Ls for its linear networks.
Facebook Blocks Some Political Ads by Mistake
The error is likely to stoke anger from both sides of the U.S. political spectrum that have accused Facebook of political bias.
ByteDance Pulls Most Traffic From Fastly’s Network
TikTok parent ByteDance has pulled a majority of its web traffic from Fastly's "content delivery network," in what looks like a step to prepare for a U.S. ban.
Apple Offsets Lower iPhone Revenues With Growth in iPads, Macs
The delayed release of new iPhones had been expected to dent Apple's revenue but other hardware categories more than offset the iPhone declines.
SoftBank-Backed GetYourGuide Raises $133M of Convertible Debt
In convertible deals, investors can buy shares in the company’s next financing or initial public offering, typically at a 10% to 25% discount.
Facebook Ad Growth Spikes as User Growth Declines
Facebook expects its revenue growth rate to be even higher than 22% in the fourth quarter, suggesting advertiser demand is quickly rebounding.
Twitter Post Strong Revenue, User Growth a Big Question
It continued the streak of advertising sales for social media companies rebounding during the 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