Lions Gate Explores Spin-Off or Sale of Starz
The company is looking to sell the premium cable channel as content studios are trading at huge multiples.
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The Information AM
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Reuters: Jack Ma Wrote Letter To China’s President Offering to Devote His Life to Rural Education
It's unclear when the billionaire Alibaba founder wrote the letter or what President Xi Jinping’s reaction to it was, according to Reuters.
Uber Revenue Rose 70% But its Cash Burn Continued as Pandemic Recovery Lagged
Uber investors must wait a while longer for a full recovery from the pandemic—and any semblance of free cash flow.
Alphabet Starts Drug Discovery Company
The new company aims to commercialize some of Google’s artificial intelligence
Cloud Software Firm HashiCorp Files to Go Public
The company did $212 million in revenue in the fiscal year ended January, up 75% from twelve months prior.
NerdWallet Shares Jump Over 70% in IPO
Shares of personal finance company NerdWallet soared to above $30 as it began trading on Thursday, a nearly 70% increase from its initial public offering price of $18.
Google Invests in CME and Wins Cloud Deal
The deal is the second this week in which Google invested in a company and walked away with a lucrative cloud contract - a move often done by rival Microsoft
ViacomCBS To Spend $2 Billion on Content to Grow Streaming Services
The company hit 47 million subscribers to its streaming services globally in the third quarter.
Google Opens up to Third-Party Payments in S. Korea
Google will allow third-party payments for apps on its Android Google Play app store to comply with South Korea’s “anti-Google” law.
Target Adopts Microsoft-Led Networking Software Project
Target has modified a Microsoft-led open source networking operating system to run in retail stores, underscoring its desire to avoid working with Amazon.
Roku Reports Sharp Slowdown, Partly Caused by Supply Constraints on TVs
Supply chain disruptions also raised Roku’s costs on its streaming devices, resulting in a loss on its devices.
GitHub Switches CEOs as Friedman Departs
Nat Friedman, CEO of GitHub and one of Microsoft's most high-profile open source executives, is leaving to work with startups.
Google Prepares Bid for New Pentagon Cloud Contract
The contract shows the importance of lucrative government cloud deals even when they threaten to cause ethical pushback from workers.
Robotaxi Developer Waymo to Start Mapping NYC Streets
Human drivers will man vehicles that travel parts of New York learning street and traffic patterns
Discovery Taps Mayer to Help With WarnerMedia
Discovery reported it added another 3 million streaming subscribers globally in the third quarter.
Allbirds’ Stock Nearly Doubles in Stock Debut
Allbirds' stock trades up on its debut, following a spike in demand for its stock ahead of the company's initial public offering.
Growth in Smart TV Viewing Surpasses Usage of Connected TV Devices
New research from Conviva raises questions about whether Roku can maintain its dominant position.
Fortnite Says ‘Game Over’ in China
The game failed to get a license despite operating in China for three years in testing mode, meaning it couldn’t charge players for any in-game purchases.
Tencent Unveils New Chips as China Promotes Homegrown Technology
Tencent's expansion into chips comes as China is trying to become more self-sufficient in key areas of technology such as semiconductors.
ByteDance Founder Has Stepped Down From Board
The move shows how the founders of China’s major internet companies are trying to retreat from the spotlight amid Beijing's escalating regulatory crackdown.
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