Groupon Stock Drops 43% as Firm Exits Goods Business
Groupon acknowledged it was not positioned to grow in what it called the "saturated retail market."
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The Information AM
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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Recent Editions
China Kicks Out Three Wall Street Journal Reporters
The sudden expulsion is one of the harshest punishments in recent memory of foreign media working in China and underscores how U.S.-China relations remain fraught.
Founders Fund Raises $3 Billion
Founders Fund raises two new funds, including its first growth fund.
Barr Sends Warning to Tech at Section 230 Event
Attorney General Bill Barr said the days may be numbered for the technology industry's prized liability law, at least in its current form.
EU Promises More Scrutiny of Digital Gatekeepers, AI and Data
The EU proposals would increase regulation of the largest digital platforms while providing public sector investment in regional companies.
Bloomberg to Sell Bloomberg LP If He Wins
Only a few tech firms would be able to comfortably afford the price for Bloomberg, which would likely fetch in the high tens of billions.
Why OpenAI Is a Tricky Balancing Act
Founded as a non-profit, OpenAI is now pursuing short-term commercial goals to fund its longer-term research projects.
Alphabet’s Wind Energy Kite Company Is Shutting Down
The news marks the third Alphabet company not named Google to go away in the past year.
Blue Apron Considers Its Options, Including Possible Sale
Life as a public company has been tough for the meal-kit maker, whose business has been in decline since 2018.
Lending Club Acquiring Small Bank
The deal faces regulatory scrutiny which could take as long as 15 months
Federal Court Strikes Down Huawei’s Challenge to U.S. Ban
Huawei suffers a set back in its efforts to push back on business restrictions in the U.S.
Regulate Facebook Between a Newspaper and Telecom, Says Zuckerberg
Facebook's CEO is calling for a "a third regulatory system" that's a mix of how news publishers and telecoms are regulated.
Uber’s California Drivers Flex Their New Powers
More California Uber drivers are declining to take rides that aren't worth their time. That means Uber will have to work hard to maintain balance.
Kickstarter Employees Vote to Unionize
Tuesday’s vote makes Kickstarter employees the first white collar workers at a major tech firm to unionize.
SpaceX to Send People Into Space by 2021 or 2022
SpaceX's announcement highlights the intense competition to start a space tourism business that also involves Richard Branson's Virgin Galactic and Jeff Bezos' Blue Origin
Apple Shares Fall After Revenue Warning
Other big tech stocks were up on Tuesday, a sign that investors remain unconcerned about the broader impact of the coronavirus.
Apple to Miss Revenue Forecasts Due to Coronavirus
Apple's revenue warning makes it the most high-profile company to see its business suffer due to the outbreak of the coronavirus.
Jeff Bezos Commits $10 Billion to Fight Climate Change
Bezos is launching the Bezos Earth Fund, a $10 billion philanthropy focused on climate change, which will begin issuing grants this summer.
Oyo’s Annual Loss Grew Six Fold
Oyo's growing losses highlight challenges for SoftBank, one of the main investors in the India-based hotel startup
How Uber, Lyft Make Traffic Worse
The research cited in the story undercuts Uber and Lyft's central promise that they would improve traffic problems in major cities.
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