Cisco’s Applications, Hardware Businesses Decline in Q2
Networking giant is continuing to shift its business to software-based revenue, but sales of applications dropped 8% during its fiscal second quarter.
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Mobile World Congress Cancelled on Coronavirus Worries
The move raises questions about how other major conferences will react in the coming weeks.
VCs, Antitrust Regulators Talk Big Tech at Stanford Event
Silicon Valley investors and the Justice Department's antitrust chief sought common ground on the regulation of big tech companies at a Tuesday event.
Andy Rubin, Spark for Google Walkout Movement, Shuts Down Startup
The ex-senior Google exec whose story sparked a cultural upheaval at the internet company is shutting down his Android phone startup.
Facebook’s WhatsApp Hits 2 Billion Users
The uptick in WhatsApp users over the past two years shows how important the messaging app is to the future of Facebook.
Google Appeals Antitrust Fines in Europe
Google will try to overturn in court one of three large fines issued by the European Union on Wednesday.
SoftBank’s Son Scales Back $108 Billion Vision Fund 2 Ambitions
SoftBank CEO Masayoshi Son is considering a smaller fund after his reputation was damaged by WeWork's implosion.
SoftBank Group’s Stock Surges on Sprint Merger Hopes
The U.S. court's approval of the merger is good news for SoftBank, and the company could use some good news.
Microsoft Changes Mind About Forcing Chrome Users to Try Bing
Faced with a backlash from customers and administrators, Microsoft says it won't change Chrome users' default search engine to Bing when using Office apps.
U.S. Government Says Huawei Built Secret Backdoor to Cellphone Networks
The revelation of classified information about Huawei marks the latests move as the U.S. seeks to convince foreign governments to ban the Chinese telecom maker.
Lyft Stock Drops as It Lags Behind Uber in Ride-Hailing Efficiency
Lyft disappointed Wall Street by revealing that its revenue growth is expected to slow dramatically this year.
Goldman Sachs Supports NYSE Direct Listing Proposal
The Wall Street bank's support is important given that Goldman is one of the top firms underwriting IPOs
Under Terms of TPG Funding Deal, Vice Faces Big Payments
Vice is expected to start large equity payments to TPG this year.
Streaming Video Accounts for Just 19% of TV Usage
The report from Nielsen shows that Netflix is the biggest streaming service, followed by YouTube, while Amazon lags far behind
Airbnb Public Listing Not Expected Until Q3 or Later
Airbnb's costs also continued to climb faster than revenues through Q3 last year, in part due to general and administrative expenses.
Spotify Paying $250 Million for The Ringer
Spotify is betting that its push into podcasting will help diversify its business.
FTC to Review Past Acquisitions by Big Tech Companies
The Federal Trade Commission is particularly focused on the companies’ acquisitions of smaller firms that might have emerged as potential competitors.
Most Chinese Investors Still Can’t Invest in Alibaba
China's strict controls over its currency still prevent most people from buying shares of the country's best companies, including Tencent and Alibaba.
Sprint Stock Jumps 77% on Deal Approval
The states opposing the T-Mobile-Sprint merger may appeal the judge's ruling, which could delay closing for another few months.
CIA Secretly Owned Cryptography Company Used by Foreign Countries
The case of how the CIA gained access to the classified communication of foreign governments echos U.S. concerns over Chinese telecom giant Huawei.
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.
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