Snap’s Revenue Jumps as Advertising Rebounds from Shutdowns
Snap seems to be benefitting from a growing boycott of Facebook’s ads business, which stems from concerns about hate speech on the social network.
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House Votes to Ban TikTok on Federal Workers’ Phones
Congress continues to ratchet up the pressure on ByteDance-owned TikTok with a proposal to ban the app on all federal devices.
LinkedIn To Lay Off Nearly 1,000 Workers
The job cuts impacted the company's global sales and talent acquisition organizations.
Chinese Media Says Didi Chuxing Preparing for Hong Kong IPO
Didi, China's biggest ride-hailing giant, has been looking for a new source of growth other than its core transportation business.
EBay Sells Classified Business to Norway’s Adevinta for $9.2 Billion
The sale follows pressure from activist shareholders Elliott Management and Starboard Value, which also pushed successfully for eBay to sell Stubhub.
China May Retaliate Against Ericsson and Nokia if Europe Bans Huawei
The U.S. is ratcheting up pressure on European allies to ban Chinese tech giant Huawei's equipment from their next-generation telecom networks.
Trump Campaign Running Ads on Facebook Claim TikTok Spies on its Users
The White House has threatened to ban the Chinese-owned app which is hugely popular among American teens.
ByteDance Boosts Lobbying Effort as TikTok Scores Support From Trade Group
A tech trade group said the Trump administration shouldn’t ban TikTok just because it is a Chinese company.
IBM Sales Drop 5% in Q2 as Customers Delay Major Projects
Growth in IBM's cloud business compensated for weakness in other areas, such as large-scale hardware and software projects.
Google’s Pixel Camera Mastermind Lands at Adobe
Marc Levoy left Google in March and at Adobe, will be focused advancing the company’s photography apps.
Zuckerberg Pushes Back at Claim of Deal With Trump
Amid a mounting advertiser boycott, Zuckerberg seeks to put distance between himself and Trump.
Alibaba Affiliate Ant Group Starts IPO Process in Hong Kong and Shanghai
Bankers are expecting it to be one of the world's biggest IPOs ever, valuing the company at more than $200 billion.
Chinese Electric Car Maker Xpeng Motors Raises $500 Million
Investors are betting on Xpeng after Tesla's stock price has quadrupled in the past four months.
EBay Close to Selling Classified Ads Business to Adevinta
The deal could value the ads business at $8 billion, as eBay pares back to focus on its core online auction business.
TikTok Stops Talks for London HQ Because of Rising Tension Between China and U.K.
After getting banned in India and facing a possible ban in the U.S., TikTok now has challenges in the U.K. because of rising tensions with China.
Amazon Settles Non-Compete Lawsuit With Ex-Cloud VP
Brian Hall, a former VP of product marketing at Amazon Web Services, has been cleared to join Google Cloud.
FTC Considering Depositions of Top Facebook Executives
One year into its antitrust investigation of Facebook, the FTC is now signaling that it might not be able to wrap up the probe until after the election.
Twitter Says Hackers Targeted 130 Accounts, Only Accessed Some
In its latest update on Wednesday's attack, Twitter says hackers were only able to gain access to a small subset of accounts.
Amazon Warns U.K. Sellers About Big Brexit Changes
Amazon has warned independent sellers on its marketplace in the U.K. that they will need to make big changes to keep serving customers in Europe due to Brexit.
Prominent Antitrust Critic of Google, Facebook Consults for Apple and Amazon
A Yale economist’s work for both Apple and Amazon as she criticizes Facebook and Google highlights the scramble for antitrust consultants in Washington.
Weekday mornings
The Information AM by The Information Staff
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