Lyft Posts 70% Higher Q4 Revenues But Flags Omicron Q1 Impact
The Omicron variant had a “significant impact on ride volumes” in January, Lyft CEO Logan Green told analysts, affecting the company's recovery.
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Apple Puts Square in Crosshairs With New Payments Feature
The iPhone maker's new "Tap to Pay" feature puts the tech giant in competition with Block's point-of-sales provider Square as the go-to in-person payments solution for small businesses.
Peloton CEO To Step Down As Sale Rumors Swirl
The online fitness equipment seller has announced an executive shakeup, mass layoff and expenditure restructuring as consumers return to gyms and abandon their at-home workout routines.
SoftBank’s Quarterly Profit Drops as Stock Market Woes Continue
Given the weakness of U.S. tech stocks so far this year, SoftBank continues to face a tough environment.
Nvidia’s Arm Takeover Collapses
The largest ever semiconductor deal faced regulatory challenges around the world.
Polygon Raises $450 Million In Funding Round Led by Sequoia Capital India
SoftBank Vision Fund 2 and Tiger Global Management also participated in the token sale.
IRS Backtracks on Controversial Facial Recognition Plan
The IRS says it will substitute other technology for authenticating people when signing up for online accounts.
Alibaba Shares Drop After Analysts Say Major Stock Sale Could Be Imminent
Alibaba submitted a regulatory filing on Friday registering 1 million depositary shares, a sign that some shareholders might be cashing out.
Peter Thiel to Step Down From Meta’s Board
The billionaire reportedly plans to throw his weight behind Trump-aligned candidates in the midterm elections.
Coatue Managing Partner Kris Fredrickson Leaves Firm
Fredrickson had led the crossover firm’s investments in Instacart, Chime and several crypto currency startups.
Meta Again Warns It’ll Pull Services from Europe Without Data Deal
But the threat appears to be empty.
Matrix Co-Producer Sues Warner Bros Over Breach of Contract
The suit alleges that Warner Bros moved the release date of the movie to 2021 to help HBO Max.
Dutch Antitrust Enforcer Probing Apple’s Compliance With Forced App Store Changes
The watchdog is fining Apple more than $5 million each week since Jan. 24.
Amazon More Than Doubles Base Salaries Amid Battle for Talent
Amazon will double its maximum base salaries for corporate and tech workers to $350,000 as the company battles to retain and attract talent.
PriceRunner Sues Google for 2.1 Billion Euros Alleging Unfair Competition
The European price-comparison firm alleged Google manipulated search results unfairly.
Spotify CEO Apologizes to Staff as Joe Rogan Controversy Widens
Spotify CEO Daniel Ek apologized to staff after racist comments made by podcast host Joe Rogan were posted on social media.
Chinese E-Commerce Giant JD.com’s Founder to Donate $2.3 Billion to Charity
The donation, which follows similar moves by other Chinese internet giants, comes as tech billionaires are facing more scrutiny from Beijing.
Amazon Hikes Prime Fees as Labor and Shipping Costs Mount
Amazon posted a slowdown in online store sales during the key holiday quarter, with sales falling 1% to $66.1 billion.
AWS Sales Growth Remains Strong Despite Outages, Exec Departures
Amazon Web Services, the industry's top cloud provider, has accelerated sales growth 12% over the past four quarters
Snap Reports First Quarterly Net Profit, Shares Jump 60%
Its revenue and user growth results surpassed analyst projections
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.
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