Google Struggles To Retain Diverse Workers
The company’s latest diversity, equity and inclusion report shows a significant increase in attrition amongst non-white workers, particularly Black women.
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Didi Stock Drops 9% as China Announces Cyber Review of Firm
The cyberreview is the latest example of a Chinese government move that appears aimed at stifling growth of a Chinese tech giant.
Report Says Alibaba’s Jack Ma and Joe Tsai Pledged Company Shares for Loans
U.S. companies must disclose share pledges by executives, but foreign companies listed in the U.S. aren’t required to do the same.
SoftBank Invests in Dubai’s Kitopi at $1 Billion-Plus Valuation
SoftBank is ramping up the pace of its venture capital investments after the Japanese company reported a record profit for the last fiscal year.
DST in Talks to Invest in India’s Online Used Car Market Cars24
DST and others are in discussions to invest $250 million in the startup, giving it a potential valuation of $2 billion.
Turkish Ecommerce firm Hepsiburada Valued at $3.9 Billion in IPO
The Turkish firm's Nasdaq listing shows how foreign companies continue to seek out access to the U.S. public markets.
Divided FTC Rescinds 2015 Enforcement Guidance Promoting Consumer Welfare
The FTC now has wider latitude to police anticompetitive conduct.
Robinhood Files For IPO
The commission-free stock trading app will trade on the Nasdaq under the ticker symbol "HOOD."
Pinterest Bans All Weight-Loss Ads
It’s unclear how rampant weight-loss ads were on Pinterest, and as a result, how much this move would affect ad revenue. At the very least, it’s good PR for the social platform as it competes with bigger social giants.
Amazon Adds New Leadership Principles Ahead of Bezos Exit
The changes reflect a recognition of criticism of Amazon's workplace and scale.
Central European Grocery Startup Raises Funds at $1.2 Billion Valuation
Rohlik plans to use the new funding to expand into Italy, France and Germany.
Tech Titans Join as China Marks Communist Party’s Centennial
Meituan’s billionaire founder Wang Xing was seen among the tens of thousands in attendance at events marking the 100-year anniversary of the Communist Party.
Two Microsoft Presidents to Depart as Fiscal Year Ends
The end of Microsoft's fiscal year June 30 typically brings major executive changes, and this year two senior U.S. sales leaders are heading for the exits.
FINRA Fines Robinhood $70 Million for Harming Customers
The $70 million fine is the largest-ever financial penalty ordered by FINRA.
Apple Buys Remote Control Button on Roku for Apple TV+
The move indicates that Apple is looking to grow its service beyond its own device owners.
Amazon Seeks Lina Khan’s Recusal in FTC Antitrust Investigations of the Company
A recusal could block any FTC enforcement actions against Amazon.
E-Commerce Firm Shogun Raises $67.5 Million in Series C Round
The company creates website pages for Shopify merchants.
India Ups Pressure on Twitter With New Court Cases
The cases come as the Indian government seeks to control foreign social media networks in an effort to tamp down on political protests and discourse.
China’s Didi Global Shares Close Up 1%
The market debut of China’s ride-hailing giant marks one of the biggest by a Chinese company.
Cisco Hires Veteran Software Execs From Microsoft, Splunk
Cisco Systems is in the midst of a years-long effort to generate more revenue via software and subscriptions, and two new leaders are now joining the campaign.
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.
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