Cisco Systems Shuffles Networking Leaders
As Cisco's business begins to show signs of recovering from the pandemic, a senior networking executive is taking a leave of absence.
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Trump Ban to Stay in Place At Least Two Years: Facebook
Decision comes after Oversight Board criticized indefinite ban as “indeterminate and standardless."
Facebook Will Face UK and European Antitrust Probes Into Data Use
The probes are the latest in a series of antitrust actions against major tech companies in Europe and the U.S.
Meituan Founder Donates $2.3 Billion Amid Beijing’s Antitrust Probe
China's tech billionaires are coming under more scrutiny as Beijing tightens its control over the country's most powerful internet companies.
Facebook to Scrap Policy That Gives Special Treatment to Politicians
The move comes after the Oversight Board criticized Facebook's policy and said the same rules should apply to all users.
Google to Let Android Users Opt Out of Ad Tracking
Google is following Apple in giving smartphone users the ability to limit how they are tracked by advertisers.
Facebook’s Marne Levine Named Chief Business Officer
Levine will oversee merged organization responsible for advertising and global partnerships.
U.K. Health Startup Babylon to Go Public in U.S. in $4.2 Billion SPAC Deal
Babylon is the latest U.K. company to seek a U.S. listing via a SPAC merger.
Wix.com Restores Hong Kong Pro-Democracy Website
The website's temporary shutdown was a rare case where a firm based outside of Hong Kong has complied with a takedown request using the city-state's national security law.
Jack Ma’s Ant Group Gets Approval to Launch Consumer Finance Company
Ant will control half of the new entity, with six other partners owning the rest.
Downloads of TikTok Slow Down From Last Year
TikTok was still the world’s most popular app with 80 million downloads in May, but growth has slowed from last year, according to Sensor Tower.
Fitch Says Profits to Grow Slower at Chinese Tech Firms
The ratings agency said high investments this year will put pressure on margins at Alibaba, Tencent and Baidu.
Apple Employees to Come Into Work at Least Three Days a Week
The move underscores CEO Tim Cook’s insistence that employees come to work, a reflection of his belief that virtual interactions aren’t conducive to creativity.
Elliott Management Takes Big Stake in Dropbox
Activist investor, which has previously pushed for changes at companies like Dell Technologies and AT&T, has eyes on the cloud storage and collaboration market.
SEC Accuses Musk of Violating 2018 Lawsuit Settlement Over Tweets
The SEC's complaints suggest that the 2018 settlement has been difficult to enforce.
Etsy Acquires Gen Z Fashion Platform Depop for $1.6 Billion
Etsy is acquiring one of the pioneering companies of the second-hand fashion ecosystem, and one that is especially attuned to the desires of young people:
Chinese NGO Sues Tencent For Harming Minors With Hit Mobile Game
The lawsuit, which was brought by the Beijing Children’s Law Aid and Research Centre, accuses Tencent of causing addictive behaviors among minors.
TSMC Starts Construction on Arizona Chip Factory
The move comes amid a global chip shortage, which has severely affected supply of everything from automobiles to gaming consoles and computer graphics cards.
Pentagon Clears China’s DJI Drones
The audit found that two drones made by DJI, China’s largest manufacturer, which is blacklisted by the Department of Commerce, didn’t have any malicious code and could be used by the U.S. government.
Startup Confluent Reveals Slowing Sales Growth in IPO Filing
Confluent, the company in charge of commercializing the Apache Kafka data processing software, is seeing slowing sales growth and hefty net losses.
Weekday mornings
The Information AM by The Information Staff
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