Sequoia Capital China Sells Meituan Shares for $800 Million
Meituan and other Chinese internet giants continue to face uncertainties amid a slowdown in China's economic growth and recent Covid-19 lockdowns.
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Airbnb Posts Strong Earnings Citing Pandemic Recovery
Revenue rose 70% and net loss narrowed, as bookings went up and longer trips grew more popular.
Lyft Stock Collapses After Q1 Report
Lyft's revenue was 44% above the year-earlier quarter, but still below the first quarter of 2020 before Covid devastated its business.
Cloud Startup Teleport Valued at $1.1 Billion After New Funding
Teleport, a startup co-founded by former employees from cloud computing firm Rackspace, helps companies protect sensitive data.
Coinbase Borrows Goldman Sachs’ First Bitcoin-Backed Loan
The loan, the firm’s first backed by the cryptocurrency, is a move that reflects Wall Street’s growing acceptance of digital assets.
Roku, Apollo Bid for Stake in Starz
Roku is looking to grow its content business amidst declining device sales.
Paramount+ Reaches 40 Million Subscribers
Paramount Global lost subscribers at its smaller services such as Showtime and BET+.
Amazon Workers at New York Warehouse Reject Union
The win for Amazon comes after workers at another New York warehouse voted in favor of forming a union.
China’s Social Media Sites Block Analyst After Bearish Comments
Hong Hao, managing director at Bocom International, had shared bearish views on China's stock market and commented on capital outflows.
Musk Seeks Ways To Reduce Personal Cost of Buying Twitter
Elon Musk is seeking ways to put less of his own money into his Twitter purchase
Google Brain Researcher Fired After Questioning Paper on Chip Development
Google's AI research unit is embroiled in a new controversy
Thrasio to Cut Employees, Replace CEO
Thrasio, the Amazon rollup firm, is replacing its CEO and laying off employees
Meta To Drop Podcast Business
The decision comes just a year after Meta announced a push into audio.
Apple Sues Rivos, a Chip Startup With 40 Ex-Apple Employees
In its second lawsuit against a chip startup's employees, the iPhone maker alleges that those who left for the RISC-V startup took trade secrets with them.
Apple Hit With EU Antitrust Charges Over iPhone Payments
Apple was previously hit with an antitrust case in Europe over its alleged conduct in the music streaming market.
Airbnb Won’t Cut Pay of Employees Who Move to Cheaper States
Airbnb CEO Brian Chesky indicated the move was designed to aid recruiting and retention.
Intel Could Beat TSMC by 2024, Gelsinger Says
Taking over the top spot that early requires Intel to stay ahead of schedule and TSMC to remain at its current pace.
Amazon, Sony Invest in Latest Round by Superplastic
The collectibles creator has raised a $24 million round as it preps its first streaming show.
Musk Sells More Tesla Stock
Musk tweeted late on Thursday that his selling was done, sending Tesla stock up 5.4% on Friday.
Beijing Seeks to Reassure Tech Giants
Officials will meet with the heads of China’s tech giants as Covid slows the economy
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