Online Lending Platform On Deck Sells to Enova for $90 Million
Shares of On Deck have plummeted as borrowers struggle to repay loans during Covid-19.
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The Information AM
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Recent Editions
Prosecutors Seek 27-Month Prison Term for Ex-Google Engineer Levandowski
The former Uber executive will be sentenced next week.
Cambrian to Use $4.2 Million Funding for Model That Protects Against Crypto Swings
The seed round will help the hedge fund operate more like a tech company.
Spotify Reports 21% Drop in Ad Revenue
The music streaming service is getting traction with its podcasting efforts, but the question is will advertisers follow listeners.
Google in Talks to Expand Services on Samsung Devices, Report Says
The talks could lead to Google having more control of search functionality on Samsung devices.
TikTok Blasts Facebook’s Reels as Copycat Offering
TikTok submits a letter to the House Antitrust Subcommittee saying it's misunderstood and calls Facebook's new Reels offering a copycat product.
Japan’s Lawmakers Call for Restrictions on TikTok and Other Chinese Apps
If Japan takes any action to limit the use of TikTok, that would be another blow to the app's Chinese parent company ByteDance.
Chinese Hackers Spied on Vatican Ahead of Sensitive Negotiations
This appears to be the first time Chinese hackers, apparently affiliated with the state, have been publicly caught trying to break into Vatican computers.
Apple, Google CEOs Defend Their Roles as Digital Gatekeepers
Apple CEO Tim Cook and Google CEO Sundar Pichai pointed to lists of companies they compete with as U.S. legislators examine their market power.
Bezos, Zuckerberg Tout Pro-America Agenda Ahead of Antitrust Hearing
Both CEOs described how their firms benefit from immense scale—a key theme in the discussion about whether big tech companies have grown too powerful.
Rite Aid Used Facial Recognition in 200 U.S. Stores
Investigative report shows how the absence of laws covering the use of facial recognition has led to ethically questionable retail deployments.
AMC Agrees to Shorten Theatrical Window for Universal Pictures
The world's biggest movie theater chain has agreed to shorten the theatrical release window to 17 days from 75 days.
Social Distancing Startup Density Raises $51 Million
Density, which sells to companies like Pinterest and Booz Allen Hamilton, gets new funding to market its wares to a broader range of firms.
WarnerMedia Says HBOMax Attracted Younger, More Engaged Audience
HBOMax hasn't signed up anywhere near as many subscribers as Disney+ did in its first quarter but the make up of the audience at least hit HBOMax's goals.
Instagram Offers TikTok Creators Cash to Switch
Instagram's move comes ahead of its launch of a TikTok rival, Reels, but only a few days after TikTok launched its own creators fund.
China’s Biggest Online Travel Agent Ctrip Considering Delisting From Nasdaq
Ctrip, one of China's earliest tech firms to go public, joins a growing number of Chinese firms shunning the U.S. as tensions with China escalate.
TikTok Owner ByteDance’s AI Research Chief to Leave
The departure of Ma Wei-Ying, an executive who oversaw key research at ByteDance's AI lab, comes at a sensitive time for the Chinese company.
Trump Administration Advances Effort to Review Section 230
A petition filed Monday calls on the FCC to rethink key aspects of the law that ensures digital platforms can’t be sued over user-posted content.
Tinder Names Former CBS Exec as New CEO
Jim Lanzone previously served as CBS's chief digital officer and led the CBS All Access streaming service.
Cloud Computing Bills Spiking During Pandemic
Despite cloud providers' efforts to help companies control costs, some customers are learning the hard way during the pandemic-related work from home shift.
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