Pet Care App Rover to Go Public via SPAC Merger
The deal values Rover at $1.35 billion, a 46% premium to its last private market valuation.
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The Information AM
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Recent Editions
Facebook to Crack Down on Users Sending Racist Messages to English Footballers
Several top athletes were bombarded with racist comments over Instagram recently.
EU Seeks Partners for New Semiconductor Factory
A continent-based foundry would help European industries be less reliant on U.S. and Asian chipmakers.
Microsoft Tried to Buy Pinterest
Microsoft's approach comes as Pinterest's business has been accelerating, sending its stock price soaring.
Shares of Chinese Software Company Agora Soar on Clubhouse Success
Smash hit app Clubhouse appears to use software developed by Nasdaq-listed Agora, a Chinese company whose shares have risen 150% in recent weeks.
Tencent Employee Held by Chinese Authorities in Corruption Probe
The employee allegedly turned over Tencent's user data to a Chinese law-enforcement official who now is being investigated for suspected corruption.
Uber Sells Portion of Didi Chuxing Shares
The ride and food delivery provider lost nearly $1 billion in the fourth quarter of 2020.
SPAC by Former Disney Execs Buy Digital Fitness Company
Digital fitness apps have taken off amidst the coronavirus pandemic.
Facebook Working on Clubhouse Rival
Facebook's work to copy Clubhouse comes as the young startup recently raised money at a roughly $1 billion valuation
TikTok Deal With Oracle, Walmart Still on Hold
The proposed sale of the video-sharing app’s U.S. operation has been halted while President Biden reviews decisions made by his predecessor.
Global Investors Are Trapped in Ant Group After Its Failed IPO
Unusual conditions set for investors in the Ant Group IPO which was supposed to net 80% gains leave many unable to cash out.
Electric Truck Maker Rivian Targets $50 Billion IPO This Year
Rivian, which is backed by Amazon and T. Rowe Price Associates, could go public as soon as September, marking a milestone for one of Tesla's most legitimate competitors.
Apple Developing Advanced Display Technology With TSMC in Taiwan
The move is another sign of how Apple is doubling down on AR/VR as the next big tech platform.
Lyft Revenue Falls 44% as Slow Recovery Continues
A slight revenue improvement from the prior quarter seems to be enough to get public market investors excited.
Salesforce Clarifies Post-Pandemic Remote Work Policy
As Covid-19 vaccine distribution grows, Salesforce is starting to plan for returning at least some of its 54,000 employees to offices.
Twitter Grows Users 27% to 192 Million Despite Trump Ban
Twitter's users are still rising, just not as fast as expected.
Amazon Developing Wall-Mounted Echo for Smart Home Control
Why not integrate Alexa into your wall?
James Murdoch Eyes SPAC for Asian Tech and Media Companies
Murdoch and the former head of Walt Disney's Asia operations, Uday Shankar, are looking at setting up a special purpose acquisition vehicle to buy Asian media or technology companies.
Clubhouse Blocked in China After Briefly Flourishing
The popular audio-chat app gained a lot of buzz as Chinese users spoke freely about sensitive topics before Beijing blocked the app.
Reddit Valued at $6 Billion
In the wake of the GameStop fiasco, social news aggregator Reddit has raised $250 million in new funding.
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