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.
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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.
Coronavirus Boosts Orders for Online Grocery Apps in China
While some online services are in strong demand, the outbreak poses a major threat to China's economy.
T-Mobile-Sprint Deal Gets Final Approval From Judge
Approval of the merger will be a relief for SoftBank, which controls Sprint, and also clears the way for Dish Network to build its own new cellular network.
Google’s Head of HR to Step Down
Amid rising employee tensions, Eileen Naughton, Google’s senior Vice President of People Operations will find another role within the company.
Slack Shares Jump, Then Fall on IBM Deal Clarification
Slack needs deals with companies like IBM to prove to Wall Street it can compete with Microsoft but in this case, Slack may have overplayed the significance of the deal.
Schick Parent Abandons Harry’s Purchase
The deal fell apart in the face of opposition from the Federal Trade Commission, likely chilling future acquisitions of consumer startups by bigger companies.
Theranos Founder Elizabeth Holmes Seeks Dismissal of Charges
The fall of the once high-flying blood-testing startups continues to grip Silicon Valley as a cautionary tale of ambition.
Xiaomi, Meituan and Didi Among Companies Seeking Billions in Loans to Combat Virus
China has used its state-controlled banks to jump start the economy before but has typically funneled cash to state-owned companies, not private enterprises.
Amazon Hires Sony Exec to Lead Video Units
Amazon's original video unit has had its share of struggles.
Startup Snowflake’s Valuation More Than Triples After New Funding
New $479 million funding round was led by new investors Salesforce Ventures and Dragoneer Investment Group.
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