SoftBank Shares Fall After News of Huge Option Bet on Tech Stocks
The investment giant spent $4 billion on tech stocks this spring, possibly helping drive the tech stock surge. Shares in SoftBank fell Monday.
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Amazon Investigates Product Reviewers in U.K.
Amazon launched the investigation after the Financial Times found a pattern of suspicious behavior among the website's top reviewers in the U.K.
L.A. Tech Startup The OK Company Launches First App
The company, co-led by Chris Ovitz, features a team of well-connected L.A. tech executives
Apple Shares Drop 8% in Selloff for U.S. Tech Stocks
Tech stocks had led the stock market to record highs during the coronavirus recession.
Optimizely Agrees to Sale to Insight’s Episerver
Optimizely laid off 15% of its staff in July.
Justice Department Weeks Away From Filing Google Antitrust Case
The attorney general is pushing agency lawyers to conclude their investigation into Google's influence in the digital advertising market.
WarnerMedia Dropping Price for HBO Max for September
The company also appointed an executive to get the film and TV businesses, now in the one group, to work together more collaboratively.
Subscription Software Firms Seeing Hefty Stock Declines After Earnings
While the subscription software model has proven popular with investors during the pandemic, not all companies are reaping the benefits.
SoftBank Said to Be Considering Bid for TikTok’s India Assets
A report said SoftBank is seeking local partners even though talks with India’s Reliance Jio Infocomm Ltd. and Bharti Airtel Ltd. stalled.
Dish, Comcast, Charter and Cox Are Buyers at 5G Airwave Auction
Cable and satellite companies spent heavily at the latest airwave auction in an attempt to mitigate a looming competitive threat from 5G.
Facebook to Ban New Political Ads in Week Before Election
The shift comes after months of Facebook resisting pressure to moderate false ad claims, though its ad blackout will only last for a week.
ByteDance Enters China’s Digital Payments Sector
TikTok’s owner ByteDance confirmed it is entering the fray for China’s digital payments, a market dominated by tech giants Tencent and Alibaba affiliate Ant Group.
Facebook Bans Indian Politician for Alleged Hate Speech
Facebook is under pressure globally as critics say its platform has helped spread hate speech.
Four Possible Options for Bidders Chasing TikTok
The different scenarios are attempts to come up with a plan that would satisfy both Washington and Beijing.
Juul Plans More Layoffs
The company already laid off about 1,000 employees earlier this year.
Oracle Loses Another Legal Battle Over Pentagon Cloud Computing Deal
Oracle loses another round in its battle to win a piece of the Pentagon's $10 billion cloud computing contract.
Mobile Gaming Company Skillz to Go Public Via SPAC Merger
Two of the executives behind the DraftKings SPAC are involved in the Skillz deal.
Biofourmis Raises $100 Million From SoftBank, Sequoia
Biofourmis, a digital therapeutics business, is currently using its technology to remotely monitor coronavirus patients.
Ellison Shuts Charitable Foundation to Focus on Covid-19
Oracle co-founder and CTO Larry Ellison isn't as synonymous with philanthropy as Bill Gates and others, but he's now focused on combating Covid-19.
Airbnb Turns Down Ackman, for Now
Instead, Airbnb plans to go forward with a traditional IPO.
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