Comcast Considers Spinning Off Cable Networks
Comcast's disclosure highlights how all the major TV companies are rethinking the position of cable channels in their portfolios.
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DoorDash Strikes Marketing Partnership with Lyft
Customers of DoorDash and Lyft can get discounts on each other's services, an effort by the companies to better compete with Uber.
Uber Lifts Revenue 20% Despite Slowing Growth in Ride Hailing
Uber's delivery business got the benefit of higher advertising revenues, while its growth was stable.
Peloton Names Former Apple Executive Peter Stern as CEO
Stern is joining Peloton as its business has stabilized after a severe decline in the past few years.
Google Confirms $2.7 Billion Deal to Hire Character Co-Founders
The payout is extraordinary, considering it essentially aimed to get Character cofounder Noam Shazeer, a pioneer of conversational AI, back into Google in a leadership role.
Coinbase Plans Share Buyback After Fourth Straight Quarterly Profit
The exchange has been working to deliver steadier profits during crypto market swings.
Microsoft Revenue Rises 16% But Cloud Server Rental Growth Slows
Azure revenue rose 33% year over year, which CEO Satya Nadella attributed to “AI-driven transformation” among customers.
Volvo Takes Ownership of Swedish Battery Plant From Troubled Northvolt
Volvo said Northvolt had not made promised payments toward a joint venture
Super Micro Shares Plunge After Auditor Resigns
EY’s resignation is the latest sign of accounting trouble at the computer hardware company.
Kraken Announces Co-CEO Hire, Lays Off Staff
The crypto exchange said its net revenue has reached more than $1 billion.
Meta’s Revenue Rises 19% in the Third Quarter
Growth slowed from the second quarter, when Meta posted annual revenue growth of 22%.
Reddit Stock Soars 42% In Wake of Strong Earnings
Most of the revenue growth flowed from sharply higher advertising revenues, largely due to a big expansion in the number of daily visitors to the service.
Dropbox, Miro Lay Off Staff As Enterprise Slowdown Continues
Dropbox and Miro said Wednesday that each would lay off around a fifth of their employees.
EU Set to Launch Temu Probe Over Illegal Products
The probe would mark another regulatory inquiry into Temu’s safety practices.
ByteDance Founder Is China’s Richest Person
Zhang Yiming, who stepped down as ByteDance's CEO and chair in 2021, continues to own a stake in the company.
Snap Revenue Gains on Direct Ads, Subscriptions
The app reports progress with a new ad format and subscription sales.
Reddit’s AI Licensing Deals Help it Notch First-Ever Profitable Quarter
Reddit reported better-than-projected third-quarter revenue and profit on Tuesday, sending its shares soaring.
AMD Shares Dip 7% Despite Data Center Chip Sales Growth
AMD's data center chip sales more than doubled during its September quarter as customers increased their usage of its Instinct MI300A AI chip, but investors wanted more.
Google’s Booming Cloud Unit Helps Alphabet Overcome Ad Growth Slowdown
AI costs continue to sap free cash flow.
PayPal Leans Into Touting Venmo
PayPal’s revenue growth slowed to 6% in the third quarter, the payments firm reported on Tuesday, as growth in payment volume also slowed.
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The Information AM by The Information Staff
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