Sequoia, Stripe Founders Back Climate Software Startup Watershed
Watershed helps companies like Square and Sweetgreen zero their carbon emissions quickly.
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Recent Editions
Biden to Sign Executive Order Aimed at Fixing Chip Shortage
A shortage of chips has caused problems for a wide range of companies, including those in the car industry.
PE Firm Boyu Capital, Famous for Backing Ant and Alibaba, Targets $6 Billion for New Fund
Fundraising for the $6 billion new fund shows Boyu's optimism after a string of big returns from investments including Kuaishou, but could test investor appetite.
Snap Rallies After Predicting 50% Revenue Growth for Several Years
The comments, made during a virtual presentation to investors, sent Snap’s stock price up roughly 20% to a record high of $70.
Biden Administration to Sanction Russia Over SolarWinds Hack
Sanctions and other punishments will aim to show Russia that its longstanding campaign of cyberattacks won't be tolerated.
Sony Is Developing New VR System for PlayStation
Sony is developing a new virtual reality product for its latest console, the PlayStation 5.
Amazon Executive Jeff Blackburn Leaves Company Following Sabbatical
Jeff Blackburn, one of Amazon’s most senior and longest-tenured executives, is leaving the company following a sabbatical,
Lidar Maker Velodyne Ousts Founder and Wife for Inappropriate Behavior
Chairman David Hall and the company's head of marketing, his wife Marta Thoma Hall, were fired in a board meeting.
Facebook to Restore News Sharing in Australia
The move is a win for Facebook as the new amendments to a proposed Australian law give it more time to negotiate a commercial deal with local media outlets.
The RealReal’s Revenue Fell in Q4 and Losses Mount
Although losses continue to climb, the San Francisco-based luxury resale company is opening more stores.
Neumann, SoftBank Settlement Could Pave Way for WeWork SPAC
SoftBank would purchase $500 million of WeWork shares from Neumann, about half of the two sides' 2019 agreement.
Google, Apple App Store Bill Advanced by Arizona Legislature
State legislatures continue pressuring Big Tech.
Discovery Profit Falls by Half
The only source of revenue growth for Discovery came from raising the fees the company charges cable and satellite operators to carry its TV networks.
China’s Banking Regulator Issues New Restrictions on Internet Loans
The new restrictions for banks come as Beijing is stepping up its scrutiny of Ant Group and other online lending platforms.
Amazon Wins Court Battle to Halt Deal Between India Partner, Reliance
The ruling is a legal win for Amazon, which is battling competitors such as Walmart and Reliance Industries in India’s e-commerce market.
Coinbase Valued Above $100 Billion in Private Transaction
Secondary shares of the privately held company traded could offer a reference point for the company's upcoming public offering via a direct listing.
Clubhouse Says Its Chats Were Leaked
The popular invite-only chat app said someone streamed audio to a third-party website without authorization, raising concerns about the site's security.
Stripe Names Ex-Central Banker Carney to Board
The company said Carney’s appointment will help with its international expansion and achieving its climate change goals.
Google Fires Another Prominent AI Researcher
Margaret Mitchell, who co-led Google's Ethical AI team, has been terminated after an internal probe found violations of corporate security policies.
U.K. Court Rules Uber Must Classify Drivers as Employees
The ruling has echoes of fights Uber has had in the U.S. on the same issue, particularly in California, which it won by backing a referendum on the subject.
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