Elon Musk’s Boring Company Raises $675 Million
The new funding round, led by Vy Capital and Sequoia Capital, has boosted the startup's valuation to $5.675 billion.
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YouTube Takes Down Channel of Hong Kong’s Leadership Candidate
John Lee, Hong Kong's sole candidate to become its next leader, was among a group of Hong Kong officials sanctioned by the U.S. government in 2020.
Government Authorities Warn of Looming Russian Cyberattacks
Agencies in the U.S., U.K., Australia, Canada and New Zealand teaming up to get organizations to shore up security on their networks.
Tesla Posts Record $3.3 Billion Profit as Revenues Surge
Tesla's strong results could help Musk's bid for Twitter
Shopify in Talks For $2 Billion Acquisition of Commerce Fulfillment Startup
The e-commerce software giants potential acquisition could see it carrying out its promise to spend over $1 billion on its fulfillment network.
Just Eat Considers Grubhub Sale Amid Post-Pandemic Delivery Hangover
The Amsterdam-based company acquired Grubhub during the height of the first wave of lockdowns in 2020 in a deal valued at $7.3 billion.
Coinbase Launches NFT Marketplace
The launch comes as NFT trading volume has fallen significantly from recent highs.
JPMorgan Loses Lead Role in Kingsoft’s IPO After Analyst Cuts Target
The change to JPMorgan's role in the IPO came after its analysts called China's tech sector "uninvestable" in the near term.
Blockchain.com Reportedly Planning IPO for Later This Year
The London-based crypto exchange was last valued at $14 billion after raising a Series D round in March.
Netflix Flags Advertising Is Coming After Subscriber Loss in Q1
Netflix shares plunged 20% in after-hours trading as investors responded to the result, which raised the prospect that Netflix's subscriber numbers may have peaked.
China’s Ant Group Buys Singapore-Based Payment Firm 2C2P
The overseas deal comes at a time when Ant's business in China is going through major changes due to the Chinese government's regulatory crackdown.
SoftBank’s $8 Billion Latin America Funds Lose Two Managing Partners
The departures come after Marcelo Claure, one of SoftBank's top executives who created the Latin America funds, left the company earlier this year.
Alibaba Reportedly Mulled Spinoff of Cloud Business
Alibaba is considering its options as the regulatory environment in China appears to increasingly favor cloud providers with close government ties.
Andreessen Horowitz Unveils Accelerator Program
Venture capital firm Andreessen Horowitz is investing up to $1 million in "pre-idea" startups.
DoorDash Shortens Equity Vesting Schedule to Two Years
DoorDash is the latest tech firm to abandon the traditional four-year vesting period for employee equity grants.
CNN’s Incoming President Says He is Going Off Twitter
Chris Licht said when he starts as head of CNN in May, he will no longer use Twitter.
Didi Sets May 23 for Shareholder Vote on U.S. Delisting
The Chinese ride hailing company said it won’t apply to relist in any other stock exchange until after the vote.
Two More Startups Cease Operations As VC Investors Step Back
More than a dozen startups have folded so far this year, according to technology data provider CB Insights.
Gopuff Hires Former Amazon Exec Maria Renz to Lead U.S. Business
Renz's hire comes amid a recent round of layoffs at Gopuff and a delayed public offering.
Twitter Adopts Poison Pill to Block Musk
The move comes as Twitter's board is likely looking for alternatives to Musk's bid.
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