Grubhub Lays Off 20% of Workforce After Wonder Acquisition
Grubhub CEO Howard Migdal said the move would help Wonder and Grubhub “work together to achieve our ambitious mission of becoming the primary destination for mealtime.”
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Recent Editions
Creator Startup Passes Hit With Lawsuit Alleging Child Porn
Creator startup Passes was hit with a class action lawsuit alleging that the fan membership site distributed child pornography.
Microsoft to Shut Down Skype, Shift Focus to Teams
Skype's user base steadily declined from 300 million users in 2016 to 36 million last year.
Tesla Applies for California Permit That Allows Ride-hailing
A Tesla operated ride-hailing service would rival incumbents Uber, Lyft and Waymo.
Sergey Brin Urges Google Employees To Work Harder and In Office Daily
Brin's comments come as Google is trying to catch up with AI upstart OpenAI.
Airbnb Cofounder Joe Gebbia Joins DOGE
Gebbia posted to X Thursday that he would bring his 'designer brain and start-up spirit' to the effort.
Meta Planning App for Meta AI Assistant
Meta may also test a paid subscription version of its AI assistant.
WPP CEO Says Clients Are Returning to X
X is Trying to Regrow its Ad Business After Elon Musk's 2022 Takeover
Apollo in Talks to Lead $35 Billion Financing of Meta’s AI Data Centers
Meta is in a race against OpenAI and xAI to develop data centers quickly.
Stripe Confirms Employee Tender At $91.5 Billion Valuation
Stripe said it was profitable last year, and expected to also be profitable in 2025.
Fed’s Top Banking Regulator Defends Crypto, Fintech Supervision
Michael Barr says the Federal Reserve supports innovation while monitoring risks.
Microsoft Asks Trump to Reverse Biden-Era Chip Export Rules
The Biden-era rules are impeding Microsoft’s plans to build data centers in countries like Poland and India, the company said.
FAA Considers Cancelling Verizon Contract in Favor of Musk’s Starlink
Such a deal would raise questions about conflict of interest.
Warner Bros. Adds DTC Subscribers as TV Business Continues to Drop
The company said it expects its direct-to-consumer segment, which includes Max and Discovery+, to reach 150 million subscribers by the end of 2026.
Mira Murati’s Thinking Machines Lab Discusses Raising $1 Billion
The former OpenAI CTO is building an AI research and product company.
Elon Musk Speaks at Donald Trump’s First Cabinet Meeting
Musk again derided federal employees, who were thrown into confusion over the weekend after the billionaire threatened their jobs.
Snowflake Beats Sales Forecast, CFO Scarpelli to Retire
Snowflake investors seem to think the database provider is well-positioned for a potential boom in AI application development.
Snowflake CFO Steps Down
Michael Scarpelli had been with Snowflake since 2019, joining alongside former CEO Frank Slootman. Both had come from ServiceNow.
Salesforce Growth Stalls Despite AI Push
Salesforce projected revenue growth of 7% to 8% growth in the current fiscal year, which ends January 2026.
Nvidia Projects 65% Revenue Growth in April Quarter on Strong Chip Orders
Despite the results, shares were flat in after-hours trading, though they rose 3.5% in regular trading.
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