Consulting Firm NRG Hires Apple TV+ Executive
The consulting firm is looking to broaden its coverage of entertainment and tech sectors.
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BuzzFeed Projects Revenue Drop in Q1, Editors Quit
The departure of BuzzFeed News editor in chief Mark Schoofs and two of his deputies comes as BuzzFeed prepares to make cuts to the news division.
Okta Says No Sign of “Ongoing Malicious Activity” After Screenshots Posted Online
The authentication software company is relied on by thousands of other websites.
Alibaba Upsizes Share Buyback Program to $25 Billion
The Chinese e-commerce giant's stock has suffered amid China's economic slowdown and Beijing's continued regulatory crackdown on the internet sector.
Pinduoduo’s Weak Revenue Highlights Challenges for Chinese Internet Giants
Pinduoduo's slowing growth comes as China's internet companies are grappling with the country's economic slowdown and Beijing's continued regulatory crackdown.
Google Settles U.S. Labor Agency Lawsuit Involving Activist Employees
The settlement brings an end a legal battle between Google and workers who protested its business decisions
Disney CEO Apologizes Again to Employees Over Florida Bill Response
Bob Chapek held a virtual town hall to tell employees he made a mistake in not taking a public stand against Florida’s Parental Rights in Education bill.
Apple Outage Takes Down App Store, iCloud Mail and Other Services
Apple hasn't yet explained what happened, but many of its popular online services became inaccessible for some users for nearly an hour earlier Monday.
Credit Card Startup Ramp Raises $750 Million
Founders Fund, Stripe, Iconiq Capital and Thrive Capital participated in the latest fundraise.
Thoma Bravo Buying Software Firm Anaplan for $10.7 Billion
Private equity firm continues its enterprise software shopping spree, adding Anaplan's business planning software to its portfolio.
U.S. Lawmakers Seek Info On SpaceX Ties to China
Some in Congress worry that China could get access to classified information on SpaceX because of Tesla’s close ties to China.
Judge Dismisses D.C. Antitrust Suit Against Amazon
The office of the Washington D.C. attorney general said it was considering an appeal of the ruling.
Businesses in China’s Tech Hub Shenzhen Set to Resume Operations
Shenzhen's recovery from a Covid-19 lockdown matters because the city, which has Apple suppliers' factories, plays a key role in the global tech supply chain.
China’s Government Mulls Changes to Tencent’s Payment Business
The possible overhaul of Tencent's WeChat Pay digital payment business comes as Beijing steps up its scrutiny of the internet finance sector.
GM Buying SoftBank Out of Cruise
SoftBank is selling rather than buying more of Cruise, raising questions about whether it is pulling back from investments amid the stockmarket slump.
Tiger Global Closes Latest Venture Fund at $12.7 Billion
New York based hedge fund will focus on Series A and B investments out of new fund as part of its broader push to back younger startups.
SoftBank-Backed Indian Hotel Startup Oyo Mulls Smaller IPO
Oyo, which was previously aiming to raise nearly $1 billion in a listing in India, faces a tough market environment for IPOs.
Australia’s Consumer Regulator Sues Meta Over Scam Crypto Ads
The lawsuit alleges that Meta has failed to prevent scammers from promoting fake ads featuring Australian public figures.
Instant Delivery Firm Getir Valued at $11.8 Billion by Mubadala
Getir raised $768 million even as other instant delivery firms struggled to raise new cash given the market sell-off.
Amazon Completes MGM Purchase
Amazon can use MGM to supplement its Prime Video streaming service, which faces intensifying competition from a wide range of other outlets.
Weekday mornings
The Information AM by The Information Staff
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