Goldman Sachs Promotes 7 Tech Bankers to Partner Status
The new partners span expertise in software and internet banking, equity and debt capital markets, convertibles and private placements.
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Instagram Updates App to Feature Shopping, Reels
Instagram chief Adam Mosseri also says it plans to introduce ads within Reels, its competitor to TikTok.
Klobuchar Says Google Breakup Should Be “On the Table”
A top Democrat who is rumored to be in the running to be the next U.S. Attorney General said that the a breakup of Google should be under consideration.
Airbnb Considers Listing on Eric Ries’ Long-Term Stock Exchange
The LTSE would require Airbnb to meet certain social and governance standards
Trump Mulls Video Service to Rival Fox News
The plan reportedly came out of his frustration that Fox News has turned on him.
Biden Taps Tech Veteran Ron Klain as White House Chief of Staff
Ron Klain, President-elect Biden's choice for chief of staff, is one of many tech industry vets with close ties to the next administration.
Chesky Plans to Donate $10M to Frontline Worker Nonprofits
Chesky is already a billionaire, at least on paper. But there will be a greater focus after the IPO on what he decides to do with his money.
Pinduoduo Revenue Rises 89%
Revenue was 14.2 billion yuan ($2.14 billion) while net losses fell to 784.7 million yuan from 2.3 billion yuan a year earlier.
Apple’s Contract Manufacturers Take Revenue Hit From iPhone Delay
Apple’s decision to push back the launch of this year's iPhone has had ripple effects on its two biggest contract manufacturers.
ByteDance on Track to Earn $27 Billion in Ad Revenue
ByteDance has surpassed Chinese search engine Baidu to become the world’s second biggest digital advertising platform in terms of spending.
Facebook, Google Extend Bans on Political Ads
The ban on political ads by Facebook and Google highlight ongoing concerns that the largest digital platforms are conduits for misinformation.
Microsoft Hires Ex-McAfee CEO as Business Development Chief
Chris Young, an industry veteran who previously worked at VMware, Cisco, Intel and McAfee, is taking over for the departed Peggy Johnson.
SoftBank’s Son Directing Daily Tech Stock Trades
SoftBank has raised tens of billions in asset sales in recent months, avoiding a financial crisis. Now the question is whether the company will make another big, risky investment.
Alibaba Stock Falls Nearly 10% Despite Biggest Annual Shopping Event
Investors continue to sell Chinese tech stocks due to concerns about the impact of China's new antitrust rules.
TikTok Asks to Delay Forced U.S. Sale as Government Talks Stall
ByteDance said Tuesday that the government has yet to respond to the details of its proposal with Oracle and Walmart to restructure TikTok's U.S. operations.
Facebook Says Just 6% of Content is Political
Facebook publishing this data now is meant to refute other public data from its own analytics tool, which executives believe has been misconstrued in the media.
Datadog Sales Jump 61% in Q3, Stock Drops 10%
Datadog, one of the top companies in the fast-growing part of the cloud market known as application monitoring, is being closely watched by investors.
Lyft Reports Sharp Drop in Revenue But Smaller Cash Burn
Lyft shows why having one line of business can be bad.
AI-Powered ‘Deep Fakes’ May Shake up Music Business
AI-manipulated image and video files are already blurring the lines between fact and fiction, and now AI-generated music services could add new challenges.
Apple Announces First Macs Based on New In-House Chip
Apple announced first in-house chip for Macs, the M1, and a trio of new computers that will be the first to use it.
Weekday mornings
The Information AM by The Information Staff
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