Disney to Lay Off 32,000 Workers
Hard hit by Covid-19, Disney said it will lay off thousands, mostly from its theme parks, and more than it had previously announced.
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AWS Cloud Outage Affects Adobe, Twilio, Roku
AWS rarely experiences major outages that affect customers for several hours, but today is one of those days.
Vettery Acquires Hired
The sale follows growing challenges for Hired, including the sudden resignation of the CEO announced on a Zoom call with employees.
New Extension Gives TikTok Parent More Time to Arrange Sale
The Trump administration extended its review of TikTok’s Chinese parent company, giving the video-sharing app more time to shape its pending sale.
Comcast Raising TV Prices Again
The price hikes are likely to fuel cord-cutting but that's not new for Comcast, which sees its primary business now as broadband.
SoftBank-Backed Compass Taps Bankers for IPO
Compass has raised more than $1.5 billion in equity capital since its 2012 founding, most recently at a $6.4 billion valuation.
Discord Valuation May Double to $7 Billion
Chat app Discord is in discussions with investors about a new round of capital.
Slack’s Stock Soars on Report of Salesforce Deal Talks
Shares of Slack jumped 21% on Wednesday after a report said that Salesforce had held talks to acquire the business messaging company.
ViacomCBS Sells Simon & Schuster to Bertelsmann
Losing bidder News Corp complained that Bertelsmann was buying "market dominance" with a high priced offer.
Facebook and Amazon Begin Getting New French Tax Bills
France’s tax authorities have sent notices demanding millions of euros from Amazon and Facebook for 2020.
South Korean Regulator Fines Facebook for Sharing Personal Data Without Permission
South Korea's privacy commission said it was also referring the case to the country's prosecutors to seek a criminal complaint in the matter.
India Bans 43 Chinese Mobile Apps Including Alibaba’s Shopping App
One question is how much the continued political tensions between China and India will affect Chinese tech giants' partnerships in India.
Sequoia Capital Led $2 Billion SpaceX Financing
The deal represents Sequoia’s largest-ever check for a U.S.-based company
HP Inc. Shares Jump 9% as PC, Printer Sales Surge
The sales increase reflects how the shift to working and learning from home is affecting consumers' purchasing decisions.
TikTok Sues Rival Triller for Violating Patents
TikTok’s lawyers argue their patents “go to the heart” of how Triller operates. The claim comes as Triller is reportedly eyeing to go public.
OpenAI’s GPT-3 Program Gathers Momentum
GPT-3, an artificial intelligence program that was trained on roughly a trillion words posted online, has evolved in ways its creators didn't envision.
Stripe’s Valuation May Top $70 Billion in New Round
Stripe, which powers online payments, is raising a new round of capital
Senate Democrats Call On YouTube to Remove Election Misinformation
The company has said videos that declare victory for President Trump and call into question the legitimacy of the election don’t violate its current policies.
Netflix Pulls Down Chappelle’s Show on Chappelle’s Request
The comedian said ViacomCBS never paid him for licensing his show.
JD.com Logistics Unit Mulls IPO That Could Raise $5 Billion
An IPO would be a long-anticipated move. JD.com spun off the logistics unit in 2017, and the unit in 2018 raised $2.5 billion from high-profile outside investors.
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