Facebook and Amazon Begin Getting New French Tax Bills
France’s tax authorities have sent notices demanding millions of euros from Amazon and Facebook for 2020.
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South Korean Regulator Fines Facebook for Sharing Personal Data Without Permission
South Korea's privacy commission said it was also referring the case to the country's prosecutors to seek a criminal complaint in the matter.
India Bans 43 Chinese Mobile Apps Including Alibaba’s Shopping App
One question is how much the continued political tensions between China and India will affect Chinese tech giants' partnerships in India.
Sequoia Capital Led $2 Billion SpaceX Financing
The deal represents Sequoia’s largest-ever check for a U.S.-based company
HP Inc. Shares Jump 9% as PC, Printer Sales Surge
The sales increase reflects how the shift to working and learning from home is affecting consumers' purchasing decisions.
TikTok Sues Rival Triller for Violating Patents
TikTok’s lawyers argue their patents “go to the heart” of how Triller operates. The claim comes as Triller is reportedly eyeing to go public.
OpenAI’s GPT-3 Program Gathers Momentum
GPT-3, an artificial intelligence program that was trained on roughly a trillion words posted online, has evolved in ways its creators didn't envision.
Stripe’s Valuation May Top $70 Billion in New Round
Stripe, which powers online payments, is raising a new round of capital
Senate Democrats Call On YouTube to Remove Election Misinformation
The company has said videos that declare victory for President Trump and call into question the legitimacy of the election don’t violate its current policies.
Netflix Pulls Down Chappelle’s Show on Chappelle’s Request
The comedian said ViacomCBS never paid him for licensing his show.
JD.com Logistics Unit Mulls IPO That Could Raise $5 Billion
An IPO would be a long-anticipated move. JD.com spun off the logistics unit in 2017, and the unit in 2018 raised $2.5 billion from high-profile outside investors.
New Google Fiber-Optic Cable Would Link Saudi Arabia and Israel
The project to provide more connectivity to India’s fast-growing population of internet users, may fail to happen because it hasn’t secured all the permits for the complex cross-border route.
SoftBank Leads $1.7 Billion Investment Into Chinese Logistics Startup Full Truck Alliance
Other investors in the firm, also known as Manbang, include Fidelity International, Sequoia, Hillhouse, GGV and Jack Ma’s Yunfeng Capital.
Microsoft Partner AvePoint Going Public Via SPAC
The deal, which values AvePoint at $2 billion, shows how some of Microsoft's thousands of business partners can grow into large companies themselves.
Disney Television CFO to Depart
The move comes after Disney reorganized the company and moved business responsibilities to a new division.
Apple Security Chief Indicted in Bribery Scheme Over Firearms Permits
The head of global security at Apple was indicted by a grand jury for participating in an alleged bribery scheme involving gun permits in Santa Clara County.
Amazon Uses Pinkertons, Other Analysts to Monitor Warehouse Workers
More than two dozen leaked documents obtained by Motherboard detail Amazon’s extensive surveillance of labor and environmental groups around the world.
Online Ad Group Asks Authorities to Stop Google’s Privacy Rollout
Online advertisers have asked the U.K.’s antitrust authority to intervene in Google’s roll-out of a privacy initiative that could restrict targeting of ads.
Warner Music Reports Stronger Digital Revenue
Warner Music stock has stagnated since it went public, reflecting the lack of overall growth despite higher streaming revenue.
Snapchat Launches TikTok Rival
Snap’s push into short-form video follows earlier moves by Facebook and Google-owned YouTube to also compete with TikTok, which has exploded in popularity in the last two years.
Weekday mornings
The Information AM by The Information Staff
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