Southeast Asia’s Grab Aims to Break Even in 2024
The ride-haling and food delivery app is trying to show investors a path to profitability as its New York-listed stock has fallen more than 60% this year.
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Recent Editions
Interpol Issues Red Notice for Terra Founder Do Kwon, South Korea Says
The notice comes nearly two weeks after South Korean prosecutors issued an arrest warrant for Kwon.
Amid Slowing Sales, Amazon to Hold Second Prime Day in October
The new event comes at a time when Amazon is experiencing softer consumer demand amid rising inflation and a shaky economy.
TikTok Reportedly Moving Toward U.S. Security Deal
TikTok and the Biden administration are moving toward a preliminary deal to resolve national security concerns, The New York Times reported.
Peloton Marketing Executive to Join Autodesk
The departure of Treseder follows a string of other executive exits from the troubled exercise equipment firm in recent weeks.
Twitch’s Creators Chief Departs Amid Payout Cutbacks
Those cutbacks reduce the percentage of revenue some of the highest paid Twitch creators earn.
Amazon Informs Employees It Miscalculated Raises
A payroll software issue led Amazon to miscalculate bonus pay for some recently promoted corporate employees
Google CEO Addresses Employee Questions about Cost-Cutting
Sundar Pichai, CEO of Google’s parent Alphabet, highlighted the macroeconomic challenges tech companies are facing and indicated he wanted Google to return to its “scrappy” startup roots.
TikTok Rolls Out Dislike Button Worldwide
TikTok is introducing a dislike button for comments worldwide.
Apple to Sponsor Super Bowl Halftime Show
Apple’s sponsorship might go a long way toward building goodwill for winning the rights to air NFL Sunday Ticket games.
SoftBank Slashes its Valuation for Indian Hotel Startup Oyo
The move by the Japanese investment giant, Oyo's largest shareholder, comes as the Indian startup is expected to go public early next year.
Coinbase Tested Controversial $100 Million Trade With Own Money
The crypto exchange testified to Congress in 2021 that it did not trade cryptocurrencies on behalf of itself.
Trump Could Return to Facebook: Meta’s Nick Clegg
A decision to reinstate Trump on Facebook, where he had 35 million followers before his suspension, could play into Trump's possible 2024 reelection campaign.
ByteDance’s Pico Unveils New Virtual Reality Headset
The Pico 4 will be available in Europe and Asia.
Microsoft Plans to Expand China Headcount to 10,000
Separately, CEO Satya Nadella said he’s confident its planned $69 billion Activision Blizzard purchase will overcome an antitrust probe.
Keith Rabois-Led OpenStore Raises $32 Million
The financing increases OpenStore's valuation by 25%—a rare "up round" after a slow summer in the VC industry.
China Accuses U.S. of Hacking Telecom Network
China has been ramping up accusations that the U.S. is hacking its systems.
Meta Accused of Circumventing Apple’s Privacy Rules
The claims involve code Meta injects into websites rendered by its in-app browsers.
Jesse Powell Stepping Down as Kraken CEO
Dave Ripley, Kraken’s current chief operating officer, will replace Powell, who will become chairman of the exchange’s board.
Meta Reportedly Looking to Cut Costs By 10% in Coming Months
The social media company has been taking a tougher stance around employee performance.
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