SiriusXM Buys Stitcher for $265 Million in Cash
The Stitcher purchase continues a consolidation of the podcasting market.
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The Information AM
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Google to Invest $10 Billion in India
The plans to invest in the country with the world's second-largest population of internet users comes on the heels of Facebook's investment there.
Alibaba’s Jack Ma Sells Nearly $10 Billion of Alibaba Shares
The founder of China's leading e-commerce website stepped away from operations of the company last September to focus on philanthropy.
U.K. to Ban Huawei’s Equipment in 5G Networks
The move raises questions about whether other European countries that have so far accepted Huawei’s gear could reverse their positions.
More Trouble for TikTok in the U.S. and India
The Indian government banned 59 Chinese apps, including TikTok, which had its biggest market in terms of users in India.
WeWork Cut Workforce by 60%, on Track for 2021 Profits
Marcelo Claure told the FT the company expects to generate profits and positive cash flow by 2021.
Facebook Considers Banning Political Ads Ahead of November Election
"Banning political ads favors incumbents and whoever the media covers,” CEO Mark Zuckerberg said in a speech last year.
Amazon Backs Away From Employee Ban on TikTok
Amazon confirmed a abrupt reversal from a note the company sent to staff earlier in the day telling them they would need to remove TikTok from work devices.
Rackspace Files to Go Public
The move toward a public listing by the cloud computing firm is the latest sign of life for the tech IPO market.
Google Seeks Ways to Avoid EU Antitrust Investigation of Fitbit Acquisition
Google could promise that it won't use data from Fitbit to target advertising.
Behind the Amazon-Zoox Deal: a Walk-Away Clause
Amazon aims to keep Zoox engineers via transaction and retention bonuses or it can kill the deal.
Nvidia Overtakes Intel as Most Valuable Chip Maker
Nvidia’s rise underscores the strategic importance many companies are placing on AI.
Coinbase Said to Prepare Stock Market Listing
The listing would be the first by a major U.S. cryptocurrency exchange.
Peacock Unlikely to Reach Roku and Amazon Deals Before Launch
The sides are at odds over data sharing and ad inventory
Chelsea Clinton May Form VC Fund
Reports indicate the new vehicle will be called Metrodora Ventures.
TikTok Confirms It’s Mulling Changes to Corporate Structure as Trump Threatens Ban
Moves to isolate TikTok from its Chinese owner may not be sufficient to satisfy U.S. regulators who are worried it could pose a threat to national security.
Quibi Keeps Only 8% of Users Who Signed Up for Free Trial
Jeffrey Katzenberg's short-form video service has had a rough start as the company now tries to pivot.
Musk Says Tesla Is ‘Very Close’ to Fully Automated Vehicles
The brash claim comes as other major players in the field struggle to solve the complex problems of developing robocars.
Google Drops Plans for Cloud Services in China and Other Politically Sensitive Countries
The initiative, known as "Isolated Region," could have allowed Google to set up cloud services controlled by a local company or a government agency.
Cisco Switches Leaders in Zoom-Rival Webex Unit
Cisco, which has seen increased demand for Webex and other collaboration products during the pandemic, appoints a new leader for that business.
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