The Information

Meta Platforms Inc (NASDAQ:META) is in the process of developing an AI-powered search engine as the company aims to reduce reliance on other big tech players. What To Know: Meta is working on an AI-based search engine that crawls the web for answers and delivers information to users through the...

Amazon.com, Inc. (NASDAQ:AMZN) grocery stores are phasing out the "Just Walk Out" checkout method, according to a report released by The Information on Tuesday. The e-commerce giant is replacing the checkout technology with a “smart-cart” system called Dash Cart. What To Know: Amazon...

Elon Musk's X, formerly Twitter, slashed half of its global team responsible for stopping election fraud. The move comes about a month after the social media platform brought back political advertising. What Happened: According to The Information, citing unnamed sources, X cut...

Meta Platforms Inc (NASDAQ: FB) has reportedly broken up a team of more than 300 employees designated for the development of an operating system that could power the company's VR/AR devices.  What Happened: According to a report from The Information citing...

A new report making the rounds shows leading non-fungible token (NFT) marketplace OpenSea is seeing impressive growth and sales milestones and has landed a huge increase in value. What Happened: NFT marketplace OpenSea is being handed a $10 billion valuation, according to a report...

Podcasting and music streaming company Spotify Technology SA (NYSE: SPOT) is looking to enter live events as a new revenue stream and a way to monetize its customer data. What Happened: Spotify is exploring expansion into live events and ticketing, according to The Information. Spotify...

The head of Facebook’s Instagram segment opened up about some potential plans for the company in a recent interview. What Happened: Instagram head Adam Mosseri said the company is exploring a subscription model that would allow subscribers the ability to sell access to exclusive material, The...

One of the largest streaming companies is reported to be pushing into the video game space. What Happened: Netflix Inc (NASDAQ: NFLX) is seeking an executive to oversee its expansion into video games, The Information reports. The report said Netflix has approached veterans in the gaming industry...

Zoom Video Communications Inc (NASDAQ: ZM) is looking to expand beyond its core video conferencing service and offer an email and calendar service, The Information first reported Wednesday. What Happened: Zoom has been quietly working on an email product that could advance to the testing phase...

China enacted a new labor law in 2014 to protect workers' rights, which set the threshold for temporary factory workers to not more than 10%. According to the Information (via the Verge), it directly impacted Apple Inc (NASDAQ: AAPL) because its supplier factories in China...

Uber Technologies Inc (NYSE: UBER) has hired a new chief technology officer from Amazon.com, Inc (NASDAQ: AMZN) after leaving the post vacant for nearly a quarter, MarketWatch reported Friday. What Happened: Sukumar Rathnam, formerly the vice-president in charge of product selection and catalog...

Facebook Inc (NASDAQ: FB) and the owner of Snapchat, Snap Inc (NYSE: SNAP), discussed purchasing Dubsmash, a micro-video-entertainment app akin to TikTok, Reuters reported Wednesday. What Happened Dubsmash was in touch with both the companies on an acquisition deal in recent weeks, according...

Amazon.com (NASDAQ: AMZN) has agreed to acquire self-driving startup Zoox Inc for the reported amount of $1 billion. The company has not confirmed the amount of the transaction reported by The Information. The deal is subject to customary closing conditions. Zoox is ...

Two lead members of Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google LLC's smartphone division quit earlier this year, The Information reported Wednesday. What Happened Computational photography developer Marc Levoy left the Google Pixel team in March, according to the Information...

The shares of Pinterest Inc. (NYSE: PINS) tumbled in Thursday's trade as The Information reported that social media giant Facebook Inc. (NASDAQ: FB) had launched a competing app. What Happened Facebook's "New Product Experimentation" team developed the app called "Hobbi...