Chinese E-Commerce App Pinduoduo’s Stock Plunges
The fast-growing discount shopping app's total transactions failed to meet analysts' expectations.
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Recent Editions
Trump Campaign Backs Uber, Lyft in Battle Over Drivers
The fight over the employment status of gig economy workers has become a presidential campaign issue.
Alibaba’s Ant Group Seeks Valuation of $225 Billion in IPO
The e-commerce giant's financial affiliate aims to list shares in Hong Kong and Shanghai, targeting raising as much as $30 billion.
Before Amazon Bought Zoox, Nvidia Offered Financing
The merger agreement shows what could have been.
Zuckerberg Interviewed for FTC’s Facebook Antitrust Probe
Zuckerberg’s testimony was given remotely and under oath over a two-day period earlier this week, according to Politico.
TikTok Makes Broad Sweep of Hate Speech Videos
Facebook and Twitter have announced similar moves to wipe out groups promoting misinformation and conspiracy theories such as QAnon.
Publishers Join the Fight Against Apple’s App Store Policy
The publishers, including the Wall Street Journal and the New York Times, are complaining that Apple's 30% cut of subscription sales is too high.
Former Uber Exec Criminally Charged for Allegedly Concealing Data Breach
Sullivan is the second former Uber executive to be criminally charged this year.
Snap’s Former Content Chief Joins Google
One of Snap’s earliest employees, Nick Bell left the messaging app in early 2019 after a reshuffling in the company’s upper ranks.
Clothing Marketplace ThreadUp Eyes Early 2021 IPO
ThreadUp, the online secondhand clothing marketplace, is planning to go public in early 2021.
Europeans Clash Over Landmark Twitter Privacy Case
The standoff is a rare report of differences between Europeans over how to deal with a U.S. tech firm.
DoorDash Signs Grocery Store Deals to Expand Grocery Delivery
DoorDash's move puts it into more direct competition with Instacart.
Alibaba’s Revenue and Profit Beat Expectations
It's unclear how consistent China's recovery will be when the pandemic is causing economies in other parts of the world to struggle.
Hillhouse Invests $830 Million in Healthcare Arm of China’s JD.Com
JD.com's healthcare unit JD Health had already raised $1 billion and will use the money to broaden its pharmacy supply chain.
TikTok Ready to Settle U.S. Data Privacy Lawsuits
TikTok has said it has reached an agreement on a settlement of 19 class-action lawsuits, but California is holding out.
Palantir to Move Headquarters to Denver
CEO Alex Karp has decried the “monoculture” of the San Francisco Bay Area.
GV Lays Off 8% of Staff Amid Shift in Strategy
The personnel cuts come as the firm will stop offering some of its services—like help with events and recruiting—to its portfolio companies.
Zoom Bringing Videoconferencing to Smart Displays
Zoom is working with Facebook, Amazon, and Google to bring its videoconferencing service to people using smart displays for work.
Airbnb Files to Go Public
The review process could take a couple months, which suggests Airbnb may not go public until the end of November.
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