Tesla Hits $1 Trillion Market Cap After Deal with Hertz
Shares in the electric vehicle maker soared on news it would sell 100,000 cars to the car rental company.
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Tiger Global Raises $8.8 Billion of $10 Billion Fund Target
Tiger Global Management, the hedge fund turned active VC investor, expects to raise a total of $10 billion for its latest fund.
Facebook Reports 35% Revenue Increase, Predicts Slow Q4 Growth
The company reported third-quarter earnings amid a barrage of damaging news articles.
Andreessen Horowitz to Raise Another $6.5 Billion for Core Venture Funds
The firm has reportedly held conversations with its limited partners about raising another two venture funds.
Allbirds Seeking to Raise Up to $269 Million in IPO
Direct-to-consumer footwear company Allbirds is seeking to go public at a price per share of between $12 and $14, translating to a market capitalization of between $1.7 billion and $2 billion.
German Scooter Company Raises $200 Million From Softbank, Mubadala
Tier is one of a host of start-ups to emerge from the scooter start-up craze of recent years.
Wikimedia Foundation Asks Big Tech To Pay For Trove of Data
Search engines, voice assistants and streaming services have for years used Wikipedia’s data for free
PayPal Says It’s Not Pursuing an Acquisition of Pinterest
The statement followed media reports that the online payments platform was in talks to acquire the e-commerce and digital pin board site for as much as $45 billion.
Facebook Knew its Platform Pushed Polarizing Content in India
The revelations about its problems in its single largest market were part of the massive document dump by whistleblower Frances Haugen.
Chinese Design Startup Tezign Valued at More Than $1 Billion
Tezign's new fundraising shows how investors continue to back Chinese tech startups even amid Beijing's escalating regulatory crackdown.
Google Employee: Ad Business is Like Goldman Sachs Owning New York Stock Exchange
A multi-state coalition’s antitrust case against Google over the power it holds in online advertising is one of several competition-related suits the company faces.
Shoppers Can Now Buy Bitcoin at Walmart
Walmart customers can trade cash for bitcoin using Coinstar kiosks at select stores.
Chinese Firms CATL, BYD Balk at Building Battery Plant in U.S. For Apple Car
Talks between Apple and the two Chinese companies stalled after they said they wouldn’t set up dedicated factories in the U.S. amid rising tensions between the two countries.
China’s Regulator Suggests Didi Explore Hong Kong Listing
The talks about a possible Hong Kong listing come as Didi's U.S.-listed stock has plunged since its June IPO due to Beijing's cybersecurity crackdown.
Tencent Said it Closed Loophole that Made WeChat Searchable on Google and Bing
China's leading tech companies Alibaba and Tencent have been opening their apps after the government ordered them to stop blocking external links.
Brex Said to Raise Funding at $12.3 Billion Valuation
The fintech startup has been rapidly launching new products and buying smaller companies.
Intel Blames Chip Shortage for Q3 Sales Miss
Intel CEO Pat Gelsinger says the chipmaker remains in the throes of the global chip shortage but things should start to improve next year.
Snap Reports Slowdown in Revenue Growth and Projects Bigger Slowdown in Q4
The numbers reflect the impact on the ad market of Apple’s ad-tracking clampdown as well as macro economic factors caused by shortages of goods.
Google Cuts App Store Service Fee
Google and Apple have reduced some app store fees as they face pressure over their dominance
Intel’s Acquisition Talks With Chip Startup SiFive Fizzle
SiFive, a chip design startup that is competing against ARM Holdings, is aiming for an IPO after turning down an acquisition offer from Intel.
Weekday mornings
The Information AM by The Information Staff
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