Cloud Management Startup Weaveworks Shuts Down After Failed M&A Process
Since its founding in 2014, Weaveworks raised more than $50 million
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Snap to Cut 10% of Workforce
The messaging firm disclosed the job cuts a day before it is due to report fourth quarter results.
Multinational Firm Loses $25 million in Deepfake Video Scam in Hong Kong
The firm's employee was tricked into making money transfers after a video conference where all other participants were deepfakes.
Larry Ellison Invited Musk to Hawaii to ‘Dry Out’ From Drug Use: Report
Reports of illegal drug use could threaten SpaceX's federal contracts.
Rubrik Said to Plan April IPO After Justice Depart. Fraud Probe
The company is trying to resolve the probe before an April listing.
Spotify Inks Non-Exclusive Deal With Joe Rogan
The deal, reported to be worth up to $250 million, marks another shift from exclusive deals that characterized the company's earlier podcast contracts.
Jeff Bezos Could Sell Up To $8.5 Billion in Amazon Stock In Next Year
Bezos said he adopted a trading plan to sell 50 million shares, about 5% of the 992 million shares he owned as of last February, Amazon filings show.
Missing Dealmaker Bao Fan Resigns as China Renaissance’s CEO and Chair
The investment bank last year said Bao, who is well known in China for tech deals, was cooperating with Chinese authorities on an investigation.
Apple CEO: AI is “Huge Opportunity,” Will Share More Details This Year
Apple will most likely announce new features using generative AI at its annual developer’s conference in June.
Apple Reports 2% Higher Revenue in December Quarter
Apple stock fell slightly in after-hours trading, as investors responded to the anemic results.
AWS Revenue Accelerates Slightly to 13% But AI Sales Stay Elusive
AWS has been under pressure to show it is keeping up with Microsoft, which has touted some revenue growth gains from its partnership with OpenAI.
Amazon’s Fulfillment Changes Drive Stronger North America Margins
The company has been trying to control costs after overbuilding its delivery infrastructure.
Meta’s Revenue Rises 25% as Company Starts Quarterly Dividend
Meta's income from operations more than doubled, and its net income tripled. The company also announced it would pay its first dividend.
Snap Recalls Pixy Drone Due to Fire Hazard
Snap has received four reports of the battery overheating and bulging, leading to “one minor battery fire and one minor injury."
Elliott Gains Board Seat At Online Marketplace Etsy
Elliott is the online marketplace’s largest shareholder, according to FactSet data.
Peloton Cuts Revenue Outlook, Shares Drop
The home fitness equipment maker has turned to several partnerships to try to boost sales.
Musk: Tesla Will Hold Shareholder Vote to Move Incorporation to Texas
His comments come after a Delaware judge earlier this week struck down Tesla’s 2018 $55.8 billion pay package for the CEO.
ByteDance CEO Warns Company Could Become “Mediocre”
The CEO said the tech giant didn't pay enough attention earlier to the artificial intelligence technology that led to the rise of OpenAI and its rivals.
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