WeWork Rival Knotel Files for Chapter 11 Bankruptcy
Newmark is investing $20 million "to support Knotel through the bankruptcy process."
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Recent Editions
Robinhood Raises Another $2.4 Billion, Said to Discuss Debt
Ribbit Capital led the latest equity round.
U.K. Online Retailer Asos Buys Topshop
The deal is another sign of the rapid expansion of e-commerce as pandemic shutdowns continue to weaken brick-and-mortar retail.
E.U. Claims Court Was Wrong to Overturn Apple’s $15 Billion Tax Bill
The European Union is appealing a court ruling that overturned a $15 billion penalty against Apple.
Former NYT and FT Bosses Buy Pro-European Newspaper
The newspaper had been acquired by a private equity firm last year.
China Vows to Strengthen Antitrust Action in Gig Economy Sector
Beijing's heightened scrutiny of the gig economy sector could affect ride-hailing market leader Didi Chuxing and on-demand services giant Meituan.
Robinhood CEO Elaborates on Cash Crunch With Elon Musk
The conversation between Vlad Tenev and Tesla CEO Elon Musk was a key test for the social audio app Clubhouse, which broadcast the chat on its iPhone app late Sunday.
U.S. Government to Examine Past U.S.-China Tech Deals
The Committee on Foreign Investment is poring over startup deals, including smaller ones, for indications of Chinese involvement and access to sensitive technology.
Facebook Staff Warned of Violence in Groups Last Summer
CEO Mark Zuckerberg had focused the social network's strategy on Groups after revelations that Russian operatives had infiltrated its powerful News Feed in the 2016 election.
Reddit CEO Bemoans Troublesome Users
It's a problem with all platforms, but has come into focus during the Robinhood/GameStop trading debacle.
Facebook Looking for New Head of U.S Public Policy
It will likely find a Democrat to aid its navigation of the new Congress and President Joe Biden’s administration.
Facebook Building Newsletter Tools for Writers
Since Facebook is known to quickly copy fast-growing apps and services, it’s not a surprise that the company is exploring doing more in newsletters.
Troubled Electric Vehicle Startup Faraday Future to Partner with Foxconn and Geely to Make Cars
Chinese carmaker Geely said it had signed a preliminary agreement with Faraday Future and would invest in the startup's SPAC.
China’s Full Truck Alliance Eyes $1 Billion U.S. IPO This Year
The SoftBank-backed startup recently raised $1.7 billion as global investors bet on tech companies that focus on China's logistics sector.
Robinhood Blames Capital Requirements for Trading Limits
Robinhood's statement is sure to focus attention on whether the company has the balance sheet big enough to handle the trading now flowing through its app.
Qualtrics Shares Rise Nearly 40% in IPO
The cloud-based survey software provider's public debut comes a few months after its co-founder and CEO bought a majority stake in the NBA's Utah Jazz.
Apple’s Tim Cook Escalates Feud With Facebook in Speech on Privacy
“If a business is built on misleading users, on data exploitation, on choices that are not choices at all, then it doesn’t deserve our praise,” Cook said.
Coinbase to Go Public Via Direct Listing
The cryptocurrency platform’s decision to skirt the traditional IPO route means the company doesn’t see an immediate need to raise fresh capital.
WeWork Weighing SPAC Offers
A SPAC would potentially take WeWork public in a much frothier market than the company saw over a year ago.
Brazilian Fintech Nubank Valued at $25 Billion
The company raised $400 million from Singapore’s sovereign wealth fund, Invesco and others.
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