Instacart Valuation Rises 73% to $13.5 Billion After New Funding
The startup used its newfound leverage to boost its cash reserves to $1 billion.
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Recent Editions
Facebook Plans Corporate VC Fund
It's a notable shift for Facebook since the company has historically preferred to buy companies outright rather than invest in them.
Audrey Gelman Resigns From The Wing
Gelman's role will be replaced by three company executives.
Comcast Settles Anti-Discrimination Suit With Byron Allen
In the wake of nationwide protests about racism, Comcast has reached a settlement, ending a five year battle.
EU to Charge Amazon With Antitrust Violations Over Third-Party Sellers
The EU appears to be on the verge of filing the first major antitrust case against Amazon. The U.S. is also considering its own antitrust lawsuit.
Google Play Takes Down TikTok’s Challenger Zynn
The short video app Zynn is owned by Kuaishou, the biggest Chinese rival to ByteDance, owner of TikTok
NetEase Rises 10% in Hong Kong Stock Market Debut
NetEase, which is already listed in Nasdaq, joins a growing list of Chinese firms offering a secondary share listing in Hong Kong. JD.com is expected to raise $3.9 billion.
Zoom Closed Account of U.S.-Based Chinese Activist Group
As Zoom gets larger, it will have to decide how important China is to its business and whether it’s willing to make compromises to operate there.
Kalanick’s SF CloudKitchens Damaged in Suspected Arson, Second Fire
Scary moments for the high profile kitchen rental startup run by former Uber CEO Travis Kalanick.
Developer of Tools for Data Scientists Raises $43 Million
The proliferation of machine learning in the business world requires picks and shovels, which is where Domino Data Lab comes in.
AWS Halts Sales of Facial Recognition to Police
AWS becomes the latest cloud provider to halt sales of facial recognition to police, but apparently plans to resume sales next year.
AWS Ups Ante in Lawsuit Against Former VP
AWS wants to stop a former marketing executive from working on materials for an upcoming Google Cloud customer event.
Some Apple Employees to Return to Offices June 15th
Employees will be required to wear masks at all times inside the offices and must pass a daily health check.
Postmates Makes Juneteenth Company Holiday, After Square, Twitter Did The Same
CEO Bastian Lehmann said on Twitter the day will "allow all of us time to reflect on the Black American experience."
Former Juul CEO Joins SoftBank-Backed Startup
Kevin Burns has joined Alto, a digital pharmacy startup, as COO.
Libra Association Hires Chief Compliance Officer for Digital Currency Effort
Seeking to reassure regulators, the digital currency organization hired Credit Suisse’s top financial crime compliance officer.
Big Tech Funding Groups to Counter Antitrust Probes
Big tech companies are funding groups that oppose federal and state antitrust probes.
Just Eat Takeaway Reaches Grubhub Merger Deal
Uber shares fell nearly 5%, as the proposed merger of Grubhub with a European firm dashes investor hopes for a consolidation of the crowded U.S. food delivery market.
Republican Senator Calls for FTC Probe of Zynn Video-Sharing App
Sen. Josh Hawley, a frequent critic of tech companies based in China, is calling for an investigation of Zynn, which now tops Apple’s app charts.
Reddit Names YC CEO Siebel to Board
Siebel is taking the slot vacated last week by Reddit co-founder Alexis Ohanian, who had asked for his board position to be filled by a black candidate.
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