Reddit Falls Short of Ad Growth Targets Ahead of Likely IPO Next Year
Reddit expects ad revenue to grow more than 20% in 2023 to slightly more than $800 million. Two years ago, it hoped to exceed $1 billion in ad revenue by 2023.
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Recent Editions
Biden Lets Stand Trade Ruling Preventing Apple Watch Sales
The ITC ruled that Apple had infringed two patents, prompting the company to pull some versions of the Apple Watches from sale.
Apple in Talks to License News Content for AI
The discussions signal that Apple is moving ahead on development of its own generative AI, in an effort to catch up with OpenAI, Microsoft, Google and others.
OpenAI in Talks to Raise Funding at $100 Billion Valuation
OpenAI is talking to investors about raising a round of funding at a valuation of $100 billion or more.
Fisker’s Powertrain Vice President Steps Down
A key engineering executive at electric vehicle Fisker, which has recently come under fire by angry customers, has stepped down from his role
Lionsgate Strikes SPAC Deal for Studios Business
The deal is the first step towards a full separation of Lionsgate's studio and TV networks business.
China Unveils New Draft Rules for Videogames
Beijing's latest move raises questions about whether China's biggest internet companies will face a new round of regulatory crackdowns.
Flexport Aims to Triple Revenue in 2024
The shipping startup will have to overcome a slump in freight rates to hit the ambitious target.
Tube Transport Startup Hyperloop One To Shut Down
The startup raised more than $450 million but never won a contract to build a working 'hyperloop'
Blue Origin, Others Make Buyout Bids For Rocket Maker ULA
ULA plans to launch its next generation Vulcan rocket on January 8.
Elon Musk’s X Suffers Major Global Outage
X, formerly known as Twitter, has had multiple outages since Musk bought the company last year.
Menlo Ventures to Lead $750 Million Anthropic Funding Round
The funding round comes weeks after Anthropic raised large rounds from Amazon and Google.
Apple Aiming to Sell Vision Pro in February
Apple has started mass production of the Vision Pro in China and recently told developers to get their apps ready for the product.
Warner Bros. Discovery and Paramount CEOs Discussed Potential Merger
Warner Bros. Discovery CEO David Zaslav met with Paramount Global CEO Bob Bakish on Tuesday. The topic of a potential merger came up.
One-Time Electric Scooter Darling Bird Files For Bankruptcy
Bird has raised more than $1 billion from venture capitalists before crashing in the public markets
Alibaba Replaces E-Commerce Chief Amid Slow Growth
The changes comes at a time when Alibaba's e-commerce dominance in China has been eroded by competitors like PDD and ByteDance.
Amazon Prepares to Shake Up AWS Sales Group
AWS, which has never revealed its headcount, has around 115,000 employees.
Google Plans Ad Sales Restructuring as Automation Booms
Some employees expect the changes to be announced next month.
Cybersecurity Firm Okta to Buy Startup Spera for Reported $100 Million
Spera was founded last year and had previously only just $10 million in seed funding.
Walmart Expands Affirm Partnership to 4,500 Stores
Affirm already has a large presence in e-commerce, including through an Amazon partnership. The Walmart deal helps Affirm increase its reach in physical stores.
Weekday mornings
The Information AM by The Information Staff
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