EV Company Polestar to Merge with Gores Guggenheim SPAC in $20 Billion Deal
Polestar joins several other electric vehicle companies which have decided to go public via SPAC mergers, including Tesla, Nikola and Lucid Group.
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Spotify Kicks off Ad Campaign Targeting Advertisers
The new campaign is designed to lure small and mid-sized businesses.
Instagram Hits Pause on Plans for Kids App
The company says it does not have a timeline for when work on the project could resume.
Didi Global’s Chinese Ride-Hailing Rival Eyes New Funding Round
Cao Cao Mobility is in talks with investors about its next funding round as its bigger rival Didi Global grapples with a tough government crackdown.
Alibaba CEO Pledges Support for Xi Jinping’s Common Prosperity Push
China's biggest internet companies are stressing their commitment to the Communist Party's policy goals as they grapple with Beijing's regulatory crackdown.
Facebook Rebukes WSJ Reporting Ahead of Thursday Hearing
Instagram is under mounting pressure over its impact on young users
Internal Robinhood Discussions Revealed in Court Filing
The filings also show how company executives were worried about the implications of halting trading on certain stocks.
Huawei Finance Chief to be Freed After Deal with U.S. Prosecutors
The three year confinement in Canada of Meng Wanzhou symbolized tensions between the U.S. and China over Huawei.
China Bans All Cryptocurrency Transactions
The announcement is the boldest move yet by the Chinese government to crack down on cryptocurrencies given its inability to regulate and trace them.
Alibaba to Sell Stake in Chinese Broadcaster
Alibaba will sell its 5% stake in Mango Excellent Media, a station based in central China, amid a broader antitrust crackdown in China.
Google Hopes to Settle EU Antitrust Probe Over Online Ad Business
Convincing European regulators to settle the investigation is likely an uphill battle for Google.
CNN Announces Programming Team for Streaming Service
The new team includes executives from NowThis, NBC and Newsy.
Europe Wants One Mobile Charger To Rule Them All
The regulations would be a big problem for Apple, which ships products with its own charging cable and “Lightning” port. The iPhone maker has long argued standardising the charging port would hamper innovation.
GM to Invest $300 Million in China’s Self-Driving Firm Momenta
The investment marks the first time GM is investing in autonomous driving technology in China, the world's largest car market.
SoftBank-Backed Oyo Seeks to Raise $1 Billion in IPO
The IPO for the India-based hotel operator which struggled after massive expansion comes amid a wave of Indian startups going public.
Toast and Freshworks Have Strong Public Company Debuts
Both companies reflect strong investor demand for software firms serving businesses.
Facebook CTO Schroepfer To Step Down in 2022, Transition to ‘Senior Fellow’ Role
Schroepfer will be succeeded by Andrew Bosworth, a longtime associate of CEO Mark Zuckerberg.
Facebook Shares Fall After It Discloses Apple Advertising Challenges
Facebook says it is currently “underreporting” the frequency with which iPhone users were clicking on ads to buy products.
Epic’s Sweeney Blasts Apple for Refusing to Reinstate Epic to App Store
Apple's stance means Epic may be shut out of the App Store for years to come.
Stitch Fix Q4 Revenue Grows 24%
The online retailer sees improved revenue and profit gains as consumers buy more clothes than last year, but the company is burning more cash as it invests in new shopping features.
Weekday mornings
The Information AM by The Information Staff
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