Reddit Stock Surges on 61% Revenue Growth
Growth in Revenue and Daily Active Unique Visitors Slowed from the Prior Quarter
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Recent Editions
Trump’s Stablecoin Used in Abu Dhabi’s $2 Billion Binance Deal
Trump family business stands to benefit from interest income generated from Trump stablecoin.
Apple Posts 5% Higher Revenues as iPhone Sales Rise Slightly
Apple's services revenue rose 12% in the quarter.
Amazon Reports Steady First Quarter Results, Including 9% Sales Growth
The company also added new language to the financial guidance section of its earnings release, noting that “tariff and trade policies” could materially affect its performance.
Roku Buys Live TV Subscription Streaming Service
Roku is aiming to grow the part of its business where it generates revenue from subscriptions purchased by users from their Roku accounts.
Microsoft Prepares to Host xAI’s Grok Model on Azure
Meanwhile, Microsoft AI developers have been testing out ways to swap out OpenAI’s models in its Copilot chatbot for xAI models in recent months.
Microsoft Raises Xbox Prices 20% as Tariffs Drive Up Cost of Development
Microsoft said the increases are are due to “market conditions and the rising cost of development."
Tesla Chair Denies Report on Plans to Look for New CEO
The board contacted several executive search firms about possibly replacing the Tesla CEO.
Judge Blasts Apple For Violating Antitrust Ruling
The ruling was the latest twist in the longrunning Epic Games lawsuit against Apple over its App Store policies.
Exclusive: Glean Nears $7 Billion Valuation in Wellington-Led Round
The deal would indicate investors are still willing to pay high prices for fast-growing artificial intelligence startups despite stock volatility that threatened to cool dealmaking.
Glean Nears $7 Billion Valuation in Wellington-Led Round
The deal would indicate investors are still willing to pay high prices for fast-growing artificial intelligence startups despite stock volatility that threatened to cool dealmaking.
Amazon to Open Dozens of Warehouses in Rural Expansion
The announcement comes one day after United Parcel Service said it planned to lay off 20,000 employees and close 73 facilities as it handles fewer Amazon packages.
Ripple Had Offered to Buy Circle
Ripple’s bid to buy Circle for $4 billion to $5 billion was rejected, Bloomberg reports.
Exclusive: Tesla’s Head of Battery Architecture Departs
Vineet Mehta is the latest senior battery executive to leave Elon Musk's EV maker as the company pivots away from EVs and to robots and Robotaxis.
Meta’s Revenue Rises 16% in the First Quarter
Meta also increased its estimate for capital expenditures this year to $64 billion to $72 billion.
Microsoft Reports 13% Revenue Growth, Faster Cloud Growth Than Expected
The company’s capital expenditures were $21.4 billion in the most recent quarter, slightly down from $22.3 billion in the quarter prior.
Visa Launches AI Agent Payments Tools
The launch follows a similar release by Mastercard earlier this week.
Meta Delayed Reasoning Version of Llama 4
Meta previously delayed other versions of Llama 4 over performance problems during its development.
Sundar Pichai and Tim Cook Talked About Gemini Deal, Pichai Says
Cook wanted to understand Google’s AI roadmap, Pichai testified, and as part of that the two discussed Google’s plans for distributing Gemini’s app.
Waymo and Toyota Explore Autonomous Car Partnership
The partnership could result in Toyotas in Waymo's fleet of self-driving cars.
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.
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