Chinese Fintech Firm Lufax Files for New York IPO
The IPO will text global investors' appetite amid escalating geopolitical tensions between the U.S. and China.
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Recent Editions
Amazon Accuses Indian Partner of Breaking Contract With Reliance Deal
The spat illustrates how competitive the retail and e-commerce landscape in India has become as Amazon battles it out with competitors.
Samsung Forecasts Highest Quarterly Profit in Two Years
The upbeat forecast is a sign the consumer electronics industry is coming out of the doldrums brought on by the coronavirus outbreak.
Facebook to Temporarily Halt Political Ads After Polls Close on Nov. 3
Facebook is taking steps to ensure that it does not become a platform for promoting misinformation in the days immediately after the election.
Black, Latinx Founders Raise 2.6% of VC Funding
Black and Latinx founders have raised $2.3 billion in VC funding this year. It's more than previous years but only 2.6% of all U.S. investment.
U.S. Considers Restrictions on Ant Group, Tencent Payment Systems
The Trump administration may take actions against Ant Group and Tencent, the latest example of its efforts to curb the global economic influence of China.
Activist Calls for Disney to Invest More in Streaming by Permanently Suspending Dividend
Disney has already been more aggressive than other entertainment companies in refocusing the company on streaming but Loeb wants the company to invest more heavily.
Snowflake Board Members Launch New Cloud Startup
The startup, called Observe, aims to incorporate application performance analysis features from Datadog, Splunk, and New Relic into a single product.
Divided U.S. Supreme Court Expresses Concerns in Google v. Oracle
Justices on the U.S. Supreme Court questioned Google over its claims that copyright law does't apply to its use of Java to develop Android.
Broadcom Ends Exclusivity Deals Under EU Antitrust Settlement
The EU suspended the contested agreements while the probe was under way, a sign that regulators will take aggressive steps when pursuing big tech.
Japan’s Uzabase Puts Quartz on the Market
Whether Uzabase can recoup what it paid for Quartz is now the big question.
Trump to Tighten H-1B Visa Requirements
The tighter rules will likely impact outsourcing firms but probably not tech firms such as Amazon and Google, which are also top recipients of these visas.
SoftBank Shares Rally to Their Highest in 20 Years
The run up is likely driven by the broader stock market rally, which raises the value or IPO prospects of its listed and unlisted portfolio companies.
Facebook Takes Harder Stance on Qanon
The changes are Facebook’s strongest attempt yet at limiting the spread of Qanon, which a majority of the House voted to condemn last week.
Microsoft Facing Government Scrutiny Over Racial Diversity Efforts
Microsoft isn't part of the government's antitrust probe of tech companies, but is facing questions about its plan to hire more senior leaders of color.
House Antitrust Report Says Big Tech Abuses Its Market Power
The long-awaited report is out, but does not call for breaking up big tech. Instead, it calls for broad changes to current antitrust laws.
Greycroft Announces $678 Million in New Funds
Greycroft has raised capital for its sixth early-stage investment fund and third growth fund.
Cisco Ordered to Pay $1.9 Billion in Patent Case
A cybersecurity software company called Centripetal Networks, which has many government customers, prevails in a patent lawsuit against Cisco.
G Suite Is Now ‘Google Workspace’
The rebrand will include new icons for popular products like Gmail, Calendar, and Docs as well.
Facebook, Twitter Respond to Trump’s Posts Downplaying Covid
Twitter hid a post by Trump falsely claiming that the flu was more deadly than Covid-19, while Facebook removed the post entirely.
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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