DoorDash Stock Rises 20% After Deal to Buy Food Delivery Firm Wolt
The deal will help DoorDash expand globally and develop its grocery delivery business.
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The Information AM
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Recent Editions
FTC’s Wilson, Senator Lee Blast FTC Chair Khan
Commissioner Christine Wilson and Senator Mike criticize Khan over low staff morale, ill-conceived policies.
Netflix Introduces Kids Clips
The new feature appears to be an attempt by the streaming giant to compete more directly with YouTube.
Indonesian VC Firm Alpha JWC Raises $433 Million Fund for Southeast Asian Startups
The largest-ever VC fund in the region for early stage companies counts the World Bank’s International Finance Corporation and Morgan Stanley Alternative Investment Partners among its backers.
Robinhood Hit By Data Breach
A data security breach at Robinhood exposed the personal information of 7 million customers.
ThredUp’s Revenue Rose 35% in Third Quarter
The secondhand goods seller's sales grew at a slower clip in the previous quarter as consumers spend less time shopping on mobile and web.
Nextdoor Stock Climbs Nearly 30% in Public Debut
The neighborhood social network company went public after completing a merger with Khosla Ventures Acquisition Co. II, a special purpose acquisition company, on Friday.
Bitcoin Price Rises After Infrastructure Bill
The price of bitcoin rose on Monday, despite the Senate’s approval of the controversial infrastructure bill.
Ex-SoftBank Partner Deep Nishar Joins General Catalyst
Nishar was one of several high profile partners that left SoftBank in the last year.
Disney+ to Cost $2 For One Month For New and Returning Subscribers
The company is offering a range of perks to celebrate the two-year anniversary of the service.
Sequoia China’s Neil Shen Sells Shares in Meituan and Pinduoduo
The Financial Times said the billionaire venture capitalist sold as much as $215 million worth of shares in Pinduoduo, Meituan and Dada Nexus.
SoftBank Announces $8.8 Billion Share Buyback After Losses on Didi and Coupang
SoftBank's buyback announcement came after its Vision Fund suffered a quarterly loss on the decline of China's Didi Global and other stocks.
Chinese State Firm Mulls Bid to Buy Alibaba-Owned Hong Kong Newspaper
The possible move comes as Beijing has been stepping up its effort to tighten its control over all kinds of domestic media platforms.
Peloton Stock Falls After Weak Earnings Report
Friday’s closing price is 67% down from the stock’s all-time high of $171 in January.
Kroger Targeted by Fake Crypto Press Release
Kroger became the latest retailer to fall victim to fake crypto news.
Stripe Adds Crypto Investor Matt Huang to Board
Stripe is widely expected to complete an IPO next year.
Meta Planning Physical Stores for AR/VR Products: Report
The plans, which may not move forward, have been in the works for months.
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.
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.
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