Uber Reports 18% Drop in Revenue for Q3
Uber's results showed that its ride hailing business improved a little from the second quarter, when the pandemic had devastated demand.
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BuzzFeed Returns to Profitability
The company's revenue will be flat from last year, the CEO said in a memo.
Delivery Startup GoPuff Buys California Liquor Chain
The move represents another foray from a SoftBank-backed startup into brick-and-mortar real estate expansion.
ESPN to Lay Off 300 Employees
In a note ESPN's Chairman Jimmy Pitaro said the move had to be made as the pace of cord cutting accelerates
ByteDance in Talks to Raise $2 Billion at $180 Billion Valuation
The talks show that despite the TikTok drama, ByteDance's overall valuation has held up.
Discovery Reports Lower Ad Revenue for Quarter
Discovery's third quarter results show how cord-cutting hurts ad revenue as well as subscriber numbers.
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.
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.
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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