Asana Projects Third Quarter Revenue to Grow 40%-43%
Asana’s projections show the pace of revenue growth at the project management software firm, which is going public at the end of this month, is slowing.
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Microsoft Gets Exclusive License to OpenAI Language Program
Just over a year after announcing a partnership with OpenAI, Microsoft is now touting its exclusive access to one of the startup's top inventions.
China’s Communist Party-Run Paper Criticizes TikTok Deal
A newspaper run by China's Communist Party criticized ByteDance's agreement with Oracle and Walmart, saying it hurts China's national interests.
DOJ Could Bring Antitrust Case Against Google Next Week, Report Says
The DOJ is expected to brief state attorneys general this week on its plan to bring an antitrust lawsuit against Google signaling the case’s imminence.
Tim Cook Hopes Apple Can ‘Unpeel’ From Antitrust Investigations
The CEO made the comment in a wide-ranging interview on Monday with The Atlantic’s editor-in-chief Jeffrey Goldberg.
Palantir’s Filings Cast Spotlight on Unusual Supervoting Stock
In the most extreme scenario presented in the filing, Palantir’s founders could control over 68% of voting power while owning only 0.5% of the company’s shares.
Activist Nelson Peltz Takes Stake in Comcast
The move comes as cordcutting continues to pose a challenging for the cable giant.
Trump Warns Oracle Needs to Have ‘Total Control’ of TikTok
Statements from Trump suggest the deal could still fall through.
Facebook Says New EU Data Regulation Threatens Ability to Operate
The order would prohibit Facebook from storing data about its 410 million users in the EU on servers located in the U.S.
Microsoft Buys Bethesda Owner ZeniMax for $7.5 Billion
The acquisition, Microsoft’s largest in the gaming space, comes as Xbox has been laying the groundwork for a push into game streaming.
Six Charged With Bribing Amazon Employees in Plot to Boost Merchants
Authorities charged the six had conspired to bribe Amazon employees in order to boost the standing of third-party merchants on the e-commerce marketplace.
Founder of Electric Vehicle Startup Nikola Steps Down
Trevor Milton stepped down as chairman of the company he founded as it fights allegations it lied to investors. The company has partnered with GM to make a pickup truck.
ByteDance Insists It Will Own Majority of TikTok Global
ByteDance's statement in Chinese describes the TikTok deal very differently from how Oracle and Walmart describe it.
Chinese Investment in TikTok Global to be 36%, Down from 45% in ByteDance
One question still outstanding is the valuation at which Oracle and Walmart will invest.
Federal Judge Halts Ban on WeChat U.S. Downloads
U.S. downloads of the messaging app owned by China’s Tencent had been scheduled to be blocked at midnight.
TikTok Deal With Oracle and Walmart Wins Trump’s Approval, Delaying Ban
Trump approved a deal in which Oracle and Walmart would together buy 20% in a new entity called TikTok Global, with TikTok owner ByteDance and its investors owning the remaining 80%.
Unity Software Sees 30% Surge in Stock After IPO
Unity Software, a maker of software tools for game developers, joined a flurry of tech IPOs, seeing its shares surge more than 30%.
NBCU Reaches Deal with Roku for Carrying Peacock
The company has been in a clash with Roku over terms for its Peacock app
U.S. to Ban New TikTok, WeChat Downloads Starting Sept. 20
App stores will not be allowed to distribute both apps, and financial transactions in WeChat will be barred.
Weekday mornings
The Information AM by The Information Staff
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