Singapore’s Grab Says Revenue Grows 79% in Second Quarter
The ride hailing and delivery app saw strong demand for its delivery services despite bruising competition from regional rival GoTo.
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The Information AM
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Recent Editions
Amazon Care to Shut Down
Amazon will pull the plug on its primary health care service, Amazon Care, at the end of the year
Amazon Closing Five Massachusetts Delivery Stations
One of the facilities was the subject of a recent investigation by The Information, which focused on the conflict caused by a major uptick in Amazon delivery truck traffic.
Peloton Selling Bikes on Amazon in Bid to Revive Growth
The bike seller joins a group of direct-to-consumer brands that are selling their goods at third party retailers to get new customers and cut costs.
Gamemaker Akili Interactive Goes Public with SPAC Backed by Chamath Palihapitiya
As investors look to pull their money from SPACs, more than 99% redeemed their shares as part of the deal
Julian Robertson, Founder of Tiger Management, Dies at 90
Robertson founded the hedge fund Tiger Management in 1980 with $8.8 million.
DataRobot Lays Off 26% of Staff in Cost-Cutting Move
This is DataRobot's second round of job cuts this year and comes a month after former CEO Dan Wright resigned amid internal turmoil over his and other executives' stock sales.
Former Twitter Exec Alleges Reckless Security Policies
An explosive whistleblower complaint from a former Twitter executive over alleged major security issues comes amid the social network's legal battle with Elon Musk.
Apple to Manufacture iPhone 14 in India as Gap Closes with China
The newest iPhones will start production in India about two months after they start in China as the gap between the manufacturing capability of the two countries narrows.
Former Apple Car Employee Pleads Guilty to Trade Secret Theft
The guilty plea comes amid heightened concerns over intellectual property theft by Chinese companies.
Zoom Misses Revenue Guidance and Lowers Forecast
The company’s year over year revenue growth has nearly flattened compared to the latter half of 2020 when it exceeded 350%.
China’s Discount E-Commerce Firm Pinduoduo Will Launch in the U.S.
Pinduoduo, the discount online marketplace that quickly grew to rival Alibaba but now faces tough times as China’s economy has soured, is planning to expand to North America.
TikTok’s In-App Browser Has Ability to Monitor Users’ Keystrokes
A researcher earlier said that Facebook and Instagram’s code also injected software to track users in a similar manner.
Twitter Tells Employees Bonuses Could Be Halved
The warning comes amid concerns over a looming recession.
Amazon Among Suitors for Signify Health
An Amazon deal to acquire Signify, which could top $8 billion, would represent a much bolder move into the healthcare category for the internet retailer.
FDIC Issues Cease and Desist Letter to FTX US, Four Other Firms
The FDIC said that the statements falsely implied that FTX US is insured by the agency
U.K. Government Blocks Chip Deal by Chinese Firm
The report highlights the U.K. government's growing concerns about China's continued efforts to gain access to chip technology abroad.
China’s Cyber Regulator Wants “Affectionate” Ties With Tech Companies
The Cyberspace Administration of China, which led part of a wide ranging crackdown on tech, said it wanted to build a “healthy, get-to-the-top, can-do entrepreneurial atmosphere.”
Apple Warns Mac, iPhone, iPad Users of Critical Security Flaws
Apple has released software fixes for two critical operating system vulnerabilities and warned that hackers may already be taking advantage of them.
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