Microsoft Joined $850 Million Funding Round in Travis Kalanick’s CloudKitchens
Microsoft is a rare example of an Uber investor that has also backed CloudKitchens.
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Juul Agrees to Pay $483.5 Million in Settlement of Investigation into Underage Vaping
The e-cigarette maker will make the payment as part of settlement with 33 states and Puerto Rico over allegations it marketed its product to underage users.
Apple to Appeal Brazil Ban on iPhone Sales
The ban, which is due to Apple's decision not to include wall chargers in its newer smartphones, comes just before the announcement of the iPhone 14.
UiPath Shares Drop 15% After Sluggish Sales Forecast
Executives from UiPath, whose shares are down more than 70% from their IPO price, believe they can right the ship.
Binance to Convert USDC into its Own Stablecoin, Binance USD
The move is seemingly a way for Binance to boost use of its own stablecoin and move up in the rankings.
TikTok Denies Claims of Data Security Breach
The data breach claim, which may have been false, came amid Washington's concerns about TikTok's ability to collect vast troves of data on Americans.
Apple’s Advertising Business Could Rise to $30 Billion in Four Years
The projection comes as Apple adds more places where advertisements are shown inside the App Store, including the Today tab and app product pages.
CEO of Key Apple Supplier Indicted in Taiwan For Illegal Investment
Luxshare entered Apple's supply chain in 2009 and assembles AirPods, the iPhone, the Apple Watch and AirTags, among other products.
Biden Plans Executive Order to Limit U.S. Investment in China Tech
U.S. investors have long fuelled the growth of China's tech sector by providing capital for China-focussed venture capital and private equity funds.
Cloudflare Drops Kiwi Farms Citing “Immediate Threat to Human Life”
The internet security services firm blocked the controversial site after transgender Twitch streamer Clara Sorrenti, who had been targeted by Kiwi Farms users, started a campaign to have them do so.
Sacks Loses Subpoena Quash Motion in Twitter-Musk Case
Sacks had tried to get out of the subpoena, claiming he didn't have non-public information about the Twitter dispute.
China’s Discount E-Commerce Giant Pinduoduo Launches U.S. Shopping Site
Pinduoduo's foray into the U.S. comes at a time when inflation fears continue to weigh on global consumer demand.
Shopify Issues Warnings to Merchants Using Amazon’s Buy with Prime
Amazon's recently launched service lets Shopify merchants offer their customers the same perks as Amazon Prime members. But the move threatens Shopify's fulfillment ambitions and core checkout business.
Shopify Makes a Fresh Round of Layoffs
The e-commerce software giant has been cutting staffers since June as it profits shrink amid the online shopping slowdown this year.
OnlyFans Revenue Rises 160% in 2021
OnlyFans said revenue soared 160%, while performers on the adult content site earned nearly $4 billion in 2021.
Microsoft Faces Questions from UK Regulator Over Activision Deal
The same regulator has previously moved to block Meta’s acquisition of Giphy.
Alibaba’s Southeast Asia Unit Lazada Eyes European Expansion
Alibaba needs to look for growth overseas as the company is facing a bleak outlook in China.
U.S. Bans Nvidia, AMD From Selling Certain AI Chips to China
The orders come amid a fight over chip supremacy between the U.S. and China and roughly a month after the U.S. passed the CHIPS and Science Act.
Rubrik Passes $400 Million in Subscription Sales, Launches Security Unit
After starting out as a startup focused on helping companies manage their data, Rubrik is now playing up its cybersecurity capabilities.
The Wing, a Controversial Co-Working Startup, Shuts Down
The Wing had raised over $100 million in venture capital for its female-focused co-working spaces.
Weekday mornings
The Information AM by The Information Staff
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