TikTok Shutters Rewards Program for TikTok Lite in EU
TikTok agreed to permanently withdraw the rewards offering of its standalone TikTok Lite app following an EU probe.
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Recent Editions
Nvidia Challenger Groq Raises At Near-$3 Billion Valuation
The fundraise will more than double Groq's last valuation of $1.1 billion from 2021.
Morgan Stanley Allows Financial Advisors to Offer Bitcoin ETFs
Advisors can recommend BlackRock’s and Fidelity’s bitcoin ETFs to some clients
Thrive Capital Raises $5 Billion
Thrive's portfolio includes large stakes in Stripe and OpenAI.
Mark Zuckerberg Called Donald Trump After Assassination Attempt, Former President Says
Trump said Zuckerberg told him he would not support a Democrat because he “respected” Trump for his reaction to being shot.
Nvidia Is in a ‘Bubble,’ AI Is ‘Overhyped,’ Elliott Management Says
The hedge fund is doubtful that Big Tech will continue purchasing large quantities of Nvidia’s GPUs, it said in a letter to clients.
Trump Says Zuckerberg Apologized Over Meta AI
At the same time, Donald Trump suggested the Meta CEO had thrown his political allegiance to the GOP.
Justice Department Sues TikTok Over Child Privacy Violations
The Justice Department sued TikTok and ByteDance on Friday for violating children’s privacy
Apple Pressures Tencent, ByteDance to Close App Store Payment Loophole
The move comes as Apple looks to shore up its revenue in China, but it could draw more regulatory scrutiny from Beijing.
Intel Revenue Shrinks, Announces Layoffs and Suspends Dividend
The announcements came after Intel reported revenue for the second quarter that missed analysts' expectations.
U.S. Antitrust Officials Begin Talks With AMD, Others As Part of Nvidia Probe
The investigation comes as Nvidia’s power and market capitalization have soared.
DoorDash grows revenue 23%, narrows losses
Delivery service DoorDash reported that it grew its revenue by 23% year-over-year and saw a record number of orders placed in the latest quarter.
Amazon Web Services Revenue Growth Ticks Up As Ads Slow
Amazon’s CFO said capital expenditures were $30.5 billion in the first half of 2024 and would rise in the second half of the year, driven largely by AWS.
Coinbase Posts Third Straight Quarterly Profit as Revenue Doubles
Results driven by higher crypto trading activity as well as subscription and services revenue from a year ago
Apple Revenue Rises 5% Despite Weak iPhone Results
Growth in the company’s services and iPad businesses were strong points in the quarter.
Russia Frees Detained WSJ Journalist Evan Gershkovich
The reporter was convicted in an espionage trial last month viewed as a kangaroo court.
OpenAI Invests in AI App for Kids
Heeyo is developing an iOS and Android app to help children learn using AI.
Nvidia Challenger Cerebras Files Confidentially for IPO
The company has previously raised $720 million from investors including Coatue Management, Benchmark and G42, an Abu Dhabi tech conglomerate.
Robotics Startup Covariant Receives Amazon Takeover Interest
Covariant was valued at $625 million in an April 2023 fundraising round and is backed by Temasek and Bill Gates' Cascade Asset Management.
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