Diem, the Crypto Project Backed by Meta Platforms, Sell Assets to Crypto Bank Silvergate Capital for $200 million
Diem Association is selling its technology and winding down, marking the end of the effort launched in 2019.
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Amazon Shuts Down Retail Partnership Program, Pays $2.25 Million in Washington State Antitrust Settlement
The Washington state attorney general accused the company of fixing prices with third party sellers through its “Sold by Amazon” Program.
HBO Max Sees 10% Jump in Retail Subscribers
WarnerMedia CEO Jason Kilar expects much of U.S. growth next year to come from ad-supported version.
Intel Wins Court Battle Against Landmark $1.2 Billion Antitrust Fine
The decision is a rebuke to the European antitrust regulator, which has brought a string of high-profile cases against multinational tech companies
Diem, the Crypto Project Backed by Meta Platforms, Sell Assets to Crypto Bank Silvergate Capital for $200 million
Diem Association is selling its technology and winding down, marking the end of the effort launched in 2019.
Chinese Search Giant Baidu’s Electric Car Unit Raises $400 Million
Baidu, whose once-dominant position in China's internet and ad industries has declined, is trying to grab a piece of the country's growing EV market.
Spotify Partners With Stripe to Expand Podcasts
With Stripe, creators can accept payments in different currencies
Microsoft’s Sales Top $50 Billion in Q2, But Cloud Growth Slows
Microsoft last quarter changed the way it reports revenue for its Azure cloud business, but sales of its cloud services hit a slowdown this quarter.
YouTube Is Exploring NFTs for Creators
YouTube is the latest tech giant to explore offering NFTs.
Neil Young Calls for Spotify to Take Down Rogan Podcast
The musician is the latest public official to express concern about Rogan spreading disinformation about COVID-19.
Google Takes Another Stab At Web-Tracking Changes
The U.K.’s competition regulator is overseeing Google’s work on phasing out third-party cookies in Chrome
Nvidia Planning to Call Off Arm Deal as Chinese Regulatory Review Kicks Off
Nvidia has told some partners that it did not expect the takeover to be completed.
Chinese Fast Fashion Retailer Shein Revives Plans for IPO in the U.S.
The company had around $15.7 billion in revenue in 2021 and its valuation doubled to $50 billion.
Tencent Fires Nearly 70 Staff in Anti-Corruption Campaign
The move comes as Tencent and other Chinese tech giants are coming under intense scrutiny from the government.
New DOJ Antitrust Head Kanter Plans to Eschew Merger Settlements
The resource constrained-agency however, will have to pick its battles carefully.
Google Faces New State Suits Over Location Tracking
The attorneys general have brought new Google privacy suits related to its collection of location data
Chime Said to Tap Goldman Sachs for Upcoming IPO
News that Chime is preparing for an IPO comes amid weeks of a broad sell-off in technology stocks.
Thomson Reuters Hires Microsoft VC Exec for New Fund
Tamara Steffens, a former Microsoft executive who has spent the past three years leading investments at its venture fund, M12, is moving on.
Indian Food Delivery Startup Swiggy Raises $700 Million
The new fundraising values SoftBank-backed Swiggy at $10.7 billion, making it one of Asia's most valuable startups.
Indian’s Ola Electric Raises $200 Million at $5 Billion Valuation
The electric scooter maker, which was spun off from ride-hailing app Ola, is backed by Tiger Global and SoftBank.
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