Airbnb Stock More Than Doubles in Trading Debut
Shares of the travel rental firm surged 113% above their IPO price to $144.71 apiece, valuing the company at around $100 billion.
Weekday mornings
The Information AM
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
Recent Editions
Hyundai Buys Boston Dynamics for $921 Million
Boston Dynamics, whose human-and canine-like robots have simultaneously thrilled and frightened people over the years, is getting a new home.
Google and Interactive Advertising Bureau Hit With Privacy Complaints in Europe
Privacy groups have been filing complaints to local data protection authorities claiming the way real-time bidding takes place in ad exchange auctions breaches the laws.
SpaceX Starship Prototype Explodes After Landing
Elon Musk described the test as mostly successful despite the crash landing.
Some Neighborhoods Are Winning the War Against Airbnb’s Rentals
Angry neighbors and local officials might remain a thorn in Airbnb’s side for years to come and could hurt its long-term growth prospects.
AT&T Agrees to Sell Crunchyroll to Sony
Sony is paying 1.2 billion for the anime-centric media company
Airbnb Sets $47 Billion Valuation for IPO
The per-share price is more than double the company's common stock valuation from August.
DataRobot Inks Partnership With Snowflake, Expands Funding Round
DataRobot, an AI company that sells to customers in a broad range of industries, is getting cozy with Snowflake, which is riding high after its September IPO.
Apple and Google to Halt Location-Tracking by Firm
Apple and Google will stop X-Mode Social, data broker that has received scrutiny for working with national security clients, from collecting mobile location data.
Google CEO Apologizes to Employees Over AI Researcher’s Departure
Pichai said he was aware that the incident 'seeded doubts' in the company and that he 'accept[ed] the responsibility of working to restore [employee] trust.'
Nutanix Hires New CEO From VMware
Nutanix has been chasing VMware for years in the data center management software market, and now a new CEO will be leading the charge.
Facebook Hit by FTC Antitrust Suit That Seeks to Break Off Instagram, WhatsApp
Facebook was sued by both federal regulators and more than 40 states, which accused the social media company of squelching competition by buying up potential rivals.
AI Firm C3.ai Begins Trading in IPO
Shares of the enterprise software firm opened at 138% above the IPO price.
DoorDash Begins Trading at $182
The food delivery service’s stock is trading 78% higher than its IPO price of $102.
YouTube to Remove New Videos Claiming Voter Fraud Aided Biden Victory
YouTube drew criticism for its handling of election-related misinformation, especially compared to rivals Facebook and Twitter.
Airbnb Expected to Price IPO Above $56-$60 a Share Range
The latest increase in the travel site's anticipated value ahead of Thursday's public listing reflects the extent of investor IPO enthusiasm.
Australia Softens Proposed Law to Force Google and Facebook to Pay for News
Australia's legislature is set to debate the new rules that would require Google and Facebook to compensate news organizations for the value of their content.
SoftBank Debates Gradual Buyout Strategy to Take Itself Private
Tokyo-listed SoftBank has debated the idea of privatization over the past few years, based on the view that the stock market undervalues the company.
Facebook Antitrust Lawsuit Expected to Be Filed Wednesday
The Washington Post says some 40 state and federal authorities will file their cases against Facebook, alleging the social network tried to buy or kill off rivals.
Apple’s Self-Driving Car Unit Now Reports to AI Chief
Apple's top artificial intelligence executive, John Giannandrea, now oversees the company's secretive autonomous vehicle efforts.
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