Facebook Uses Anti-Competitive Tactics to Stymie VR Startups
The tactics are similar to how Apple tightly controls its App Store and iOS mobile operating system.
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Walmart’s Flipkart Will Spinoff India Payments Platform PhonePe
The Indian e-commerce company's payments platform will raise $700 million from its existing shareholders, valuing PhonePe a valuation of $5.5 billion.
Peter Thiel and Hong Kong Billionaire Richard Li to Start SPAC for Southeast Asia
The $595 million blank check company is looking to acquire one or more companies in the region, which has seen strong growth in e-commerce.
States to File Antitrust Suit Against Facebook Next Week
Regulators in the U.S. and elsewhere have been honing in on Facebook’s past acquisitions of Instagram and WhatsApp.
House Approves Auditing Requirement for Chinese Firms Listed in U.S.
Congress has passed a bill that would force Chinese companies traded on U.S. exchanges to submit their books to U.S. regulators for inspection.
Labor Board Claims Google Unlawfully Terminated Employees Activists
Laurence Berland and Kathryn Spiers were both let go for their involvement in organizing efforts last fall, which the NLRB now says was unlawful.
Google Cloud Acquires Data Management Firm, Actifio
The Boston-based company has nearly 400 employees and was last valued at $1.3 billion in 2018.
Feeling the Holiday Surge, UPS Imposes Shipping Limits on Some Retailers
The move reflects the fragility of U.S. delivery networks during this year’s unusual holiday shopping season.
AWS Gets on Board With ‘Multi-Cloud’ Services
Amazon Web Services used to resist the industry trend of companies using services from multiple cloud providers, but that's no longer the case.
Amazon in Talks to Buy Podcast Publisher Wondery
The move marks Amazon’s latest foray into the increasingly competitive podcasting sector
Discovery Rolls Out Streaming Service
Most major entertainment companies have now rolled out streaming services, endeavoring to capture some of the growth in streaming that has also eroded the hugely lucrative pay TV business.
Google News Initiative to Unlock Some Paywalled Articles
In October, Google said it would commit $1 billion to license content from publishers around the world.
Final Bids for DirecTV Are Due Friday
Private equity giant Apollo and a SPAC are among the interested buyers, according to people familiar with the situation.
Ant Group Said to Consider Selling Its Stake in Paytm
Both Ant and Paytm denied the report which comes as Ant and its affiliate Alibaba, which also own a stake in Paytm, face a harsh environment in India.
Trump Wants Section 230 Repealed
President Trump is trying to tie passage of the massive defense spending bill to a repeal of Section 230.
India’s Tata in Talks to Buy Alibaba-Backed Online Grocery Startup
The deal could intensify competition in India's online grocery retail market, a hot battleground for Amazon, Walmart and local startups.
Netflix to Double Spending on Original Content in Asia
Netflix is increasingly looking to Asia for its next 100 million users. However, it faces increasing competition from local players such as China's Tencent.
Chinese Online Pharmacy Backed by JD.com Raises $4 Billion in IPO
The stock market debut of the healthcare app was the second-largest Hong Kong IPO this year, showing Ant Group's failed IPO isn't discouraging investors.
China Lands on the Moon
The successful moon landing to retrieve lunar rock is a capstone marking the success of China's space program and growing technological prowess.
Hewlett Packard Enterprise, Tanium Move Headquarters Out of California
Hewlett Packard Enterprise and Tanium plan to relocate their headquarters to Houston and Kirkland, Wash., respectively, leaving the Bay Area.
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.
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