Justice Department Sues to Block Visa’s $5.3 Billion Deal for Plaid
The Justice Department filed a lawsuit aimed at preventing Visa from acquiring financial technology startup Plaid in a $5.3 billion deal.
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Recent Editions
Alibaba CEO: “Actively Evaluating” Impact of Ant IPO Halt
The last-minute suspension of Ant Group's $37 billion IPO already has hurt Alibaba's New York-listed stock.
TikTok Invites British Lawmakers to Review Algorithms
TikTok’s U.K. head of policy Elizabeth Kanter appeared before a parliamentary committee hearing into forced Uighur-labour in China.
Nintendo Raises Annual Forecast For Net Profit By 50%
The revised forecast shows how video gaming is a major beneficiary of the pandemic, which has boosted demand for at-home entertainment.
East Coast City Bans Police Use of Facial Recognition
Portland, Maine becomes the latest city to ban law enforcement and city agencies from using the controversial technology.
YouTube Allows Video Declaring Trump Victory to Remain, Pulls Ads
The video has over 300,000 views and said states like Michigan, Wisconsin, Pennsylvania, and Arizona were “all Trumps.”
Bezos Sells $3 Billion of Stock This Week
The latest sales bring Bezos' stock sales this year to more than $10 billion.
California Passes Proposition to Expand Privacy Laws
Privacy groups were split in supporting the proposition, while some groups like the Internet Association did not take a formal stance.
San Francisco Voters Approve Tax Increase on Tech Companies
The city estimated that companies in software and technology industries would have to pay 15% higher tax rate starting by 2023.
California Commercial Property Tax Increase Trailing
The measure, supported largely by labor organizations, was funded in part by $11 million from Mark Zuckerberg.
Palantir in Talks to Help Save U.K.’s Covid Data Problems
The U.K. government has reportedly asked Palantir for help in fixing problems with its coronavirus tracking data.
With Millions of Votes Still Not Tallied, Trump Falsely Declares Victory
Both Democrats and Republicans condemned Trump, who also falsely claimed election fraud.
Alibaba Stock Plunges After Ant Group IPO Suspended
Ant's IPO would have valued Alibaba's stake in the financial technology giant at about $100 billion.
Twitter, Facebook Label Trump’s Election Night Posts
Both social networks had instituted policies to label posts that contained inaccurate information about the voting process in the run-up of what was likely to be a close race.
Uber, Lyft, DoorDash Win High-Stakes California Ballot Initiative
A huge sigh of relief for "gig economy" companies.
Comcast in Talks to Partner with Walmart on Smart TVs
Such a deal would pose serious competition for the likes of Roku, a leader in the streaming video space.
AT&T in Talks to Sell Big Stake of Pay TV Operations to Private Equity
AT&T is in talks with a number of private equity firms including Apollo Management.
Robotics Startup Kindred AI Acquired for $262 Million
British online grocery firm Ocado Group has acquired Kindred AI, which developers industrial robotic arms for use in e-commerce warehouses.
SoftBank, Mubadala Double Down on Parking Lot Bet
The financing accompanies an additional $300 million real estate fund that Reef spun up with asset management giant Oaktree Capital Management.
Fox Corp Reports Drop in Ad Revenues
TV companies have mostly reported lower ad revenues for the September quarter, a contrast to the better than expected ad growth reported by tech firms such as Alphabet, Facebook, Pinterest and Snap.
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