TikTok Submits Oracle Deal Proposal to U.S. Treasury
TikTok’s proposal with Oracle could ultimately not be green-lit by the U.S. government.
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Snowflake Raises IPO Price Range, Aims for $29 Billion Valuation
The data management firm raised its range to between $100 and $110, up from between $75 and $85 per share.
YouTube Tests TikTok Rival ‘Shorts’ in India
Through YouTube, Google is the latest tech giant to launch a TikTok competitor while the Chinese-owned app faces regulatory challenges in the U.S. and India.
Alibaba Consider $3 Billion Investment in Southeast Asia’s Grab
The investment would be one of Alibaba's biggest bets on the region since it acquired local e-commerce site Lazada.
SoftBank Group Executives Consider Taking Company Private
Executives are frustrated by the gap between SoftBank's market capitalization and the value of its shareholdings.
Oracle Chosen as ByteDance’s Partner for TikTok
Oracle will be a technology partner of ByteDance but Oracle is unlikely to buy a majority stake in the app.
Nvidia to Acquire Arm From SoftBank for up to $40 Billion
A deal would strengthen Nvidia, already the biggest seller of chips for AI, and also replenish SoftBank's coffers.
Republican-Led States Expected to Join U.S. Antitrust Suit Against Google
The state attorneys general probe has focused on Google's digital advertising business.
Beijing Pushes Back Against Forced Sale of TikTok
Chinese authorities would rather see the popular app shut down in the U.S. than agree to a sale forced by the Trump administration.
New App Store Rules Still Leave Streaming Game Services in Limbo
Apple updated its App Store guidelines for streaming game services, but the rules are likely to be unpalatable to companies in that sector.
Omidyar Departs eBay Board
The departure of the eBay founder is part of a broader board shakeup also including the departure of Elliott's Jesse Cohn and the appointment of two new independent directors.
China’s New Export Controls Could Affect U.S. Tech Firms
Beijing's new restrictions raise questions about whether U.S. tech companies may have to split off their China-based research operations.
Trump Won’t Extend TikTok Deadline
President Trump said he wouldn't extend a deadline for a TikTok sale, which would have eased pressure on ByteDance's negotiation's with Microsoft and Oracle.
Microsoft: Hackers in Russia, China and Iran Targeting Elections
Microsoft, after analyzing data gathered from its cybersecurity network, is warning that foreign hackers are once again targeting the presidential election.
Opendoor in Talks to Go Public Via SPAC Merger
If completed, the merger would make Opendoor one of the most high-profile tech firms to go public via SPAC.
Google and Twitter Make Policy Tweaks Ahead of U.S. Elections
Both companies are under intense pressure to help curb the spread of misinformation ahead of the U.S. elections in November.
Nikola Stock Falls on Fraud Allegations
GM, for its part, is standing by the electric truck designer.
Oracle Says Zoom’s Cloud Spending Is Exploding
Oracle got a late start as a cloud provider, but touted several key customer wins during its fiscal first quarter of 2021.
Trump Won’t Extend TikTok Deadline
President Trump said he wouldn't extend a deadline for a TikTok sale, which would have eased pressure on ByteDance's negotiation's with Microsoft and Oracle.
Peloton Hits a New Milestone—Profits
In one of the most dramatic business transformations of the pandemic, the digital fitness company Peloton turned its first profit as revenue soared.
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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