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.
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Recent Editions
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.
Amazon Earnings Surpass Expectations
And the holiday shopping season hasn't even started yet.
Google Results Rebound on Strong Advertising Sales
Overall revenue rose 14% for Alphabet in the third quarter, recovering from a pandemic pullback in advertising in the second quarter.
Netflix Raises Prices
The latest price hike, which follows one early last year, suggests Netflix hopes to raise prices high enough that it can make its video streaming business self-sustaining.
Juul Cuts Valuation to $10 Billion
The e-cigarette maker’s valuation is down about 50% from January.
NBCU Profits Drop Sharply
Almost 22 million people have signed up for NBCU's free ad-supported streaming service.
Spotify Subscribers Grow 27%
The music-streaming service's September quarter saw strong growth in users and paid subscribers, lifting revenue.
Google Plans to Target French Commission in Lobbying Campaign
To lobby against upcoming European rules regulating tech, Google reportedly plans to target French commissioner Thierry Breton, an arch critic of Big Tech.
U.S. Government Allows Chips to Be Sold to Huawei if Not Used for 5G
Such a move by Washington wouldn't help the Chinese company much, because most of its new products are designed for 5G networks.
Spotify Beats Expectations
The number of premium subscribers rose 27% from a year earlier, it said, while total monthly active users grew 29% to 320 million.
Samsung Warns of Decline in 4Q Profit
Samsung’s warnings indicate that demand for consumer electronics hit its peak last quarter.
Google Staffer Revealed as Anonymous Trump Administration ‘Resistance’ Author
Miles Taylor’s work for Homeland Security—which reportedly involved efforts related to the Trump administration’s child separation policy—sparked concern within Google.
Pinterest Posts Strong Growth in Users and Revenue
The attributed part of its revenue growth to ad money from big brands that were boycotting social media
Apple May Be Stepping Up Search Efforts
Apple has quietly begun to make its own search tools more visible to iPhone users at a moment when the company's relationship with Google is under scrutiny.
Spotify Defends Joe Rogan Podcast
Spotify says it will not start telling its podcasts hosts who they can have on their shows, executive said.
Car Insurance Tech Firm Root Begins Trading on Nasdaq
The latest insurance tech IPO values the firm at over $7 billion.
NYSE’s Chief Regulator Joins a16z
Anthony Albanese will work with entrepreneurs and regulators as an operating partner on the venture firm's crypto team.
Senators Press Tech CEOs at Section 230 Hearing
The CEOs of Alphabet, Facebook and Twitter testified before the Senate Commerce Committee about how the 24-year-old liability shield affects moderation of content.
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