Mass Layoffs at Wag as SoftBank Sells Stake
The Wag era for SoftBank comes to an end—not with a bark, but with a whimper—as the Vision Fund sells its stake back to the startup.
Weekday mornings
The Information AM
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
Recent Editions
Google Under Labor Investigation for Recent Firings
The NLRB probe comes less than a week after four Google employees file a complaint alleging retaliation for labor organizing.
ViacomCBS to Sell CBS HQ Building
Selling the iconic CBS headquarters building in midtown Manhattan will help ViacomCBS raise money to help pay down debt.
WeWork’s Next Step in Turnaround Effort: $1.75B of Credit
Goldman Sachs plans to pitch SoftBank, not just WeWork, as the borrower to gin up investor interest.
Amazon Blames Trump’s Bias for Lost Pentagon Cloud Contract
AWS blames its loss of $10 billion cloud computing contract to Microsoft on President Trump's animosity for Amazon CEO Jeff Bezos.
Bezos Backs Tech-Military Cooperation
Bezos's comments offer a counterpoint to Amazon's contentious dispute with the Trump administration over the award of a lucrative cloud contract to Microsoft.
Comcast to Invest $2B in Streaming Service in First Two Years
As competitors are pouring money into their streaming services to compete with Netflix, Comcast is taking a cautious approach.
Alibaba’s Ant Financial Expands Microlending Service in China
As China's economy slows, the microlending service enables consumers to buy more on Alibaba's platform while Ant gains more data.
China Orders the Government To Stop Using Foreign-Made Computers
The push to use domestic technology and cut foreign dependency comes as the U.S. has banned China's flagship Huawei from access to key U.S. technology.
AT&T Raises Pay TV Prices
AT&T's price rises follow a similar move by Comcast and comes as a growing number of people are cutting the cord.
Apple Delays Release of “The Banker” Movie
Apple’s decision, after allegations that a co-producer had sexually abused his sister, highlights the challenges faced by the tech company as it is wades into the entertainment industry.
Musk Found Not Guilty in ‘Pedo Guy’ Case
The plaintiff had sought $190 million in damages after Musk called him "pedo guy" during efforts to rescue a soccer team trapped in a cave.
Datadog Releases 20% of shares from lockup provisions
The early lockup release appears aimed to benefit early investors, but with shares falling it's not clear if those investors will reap much gain.
Amazon Leases NYC Office Space After All
After all the drama around Amazon's search for an HQ2, which led the company to drop its big NYC expansion plans, Amazon is leasing more space there after all.
Facebook Ups AI Stakes With New Card Game Win
Alphabet's DeepMind unit is using AI to master increasingly complex games, and now Facebook is upping the ante.
SEC Rejects NYSE Proposal on Hybrid Direct Listings
The rejection is a setback for a Silicon Valley-led push to rewrite the rules for going public, but changes to the direct listing process are still likely.
Trump Administration Mulls ‘Notorious Markets’ Listing for Amazon Foreign Sites
The USTR may put some Amazon foreign sites on list of "notorious markets." The potential move highlights rocky relations between Amazon and Trump.
Asana Latest Company to Consider Direct Listing
The project management software company is the latest to consider the method, which raises no new money and lets existing shareholders sell immediately.
FTC Finds Cambridge Analytica Engaged in Deceptive Data Practices
The FTC found that Cambridge Analytica used deceptive practices to harvest data from tens of millions of Facebook users.
AT&T and Verizon Caught Up in Impeachment Over Subpoenaed Phone Records
This is another case of tech getting snared in the divisive political mood. Google and Facebook are struggling with political ads which some say stoke division.
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