Snap Revenue Back in Green; COO to Retire
The social media company said its internal forecasts assume year-over-year revenue growth of at least 2%.
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Cruise Halts Driverless Vehicles in San Francisco
California suspended Cruise’s testing permitted on Tuesday following an October accident.
Google Revenue Accelerates But Stock Drops as AI Fails to Boost Cloud Sales
Overall revenue rose 11% in the third quarter compared to the same period a year ago, an improvement from 3% and 7% in the first two quarters of 2023.
States Sue Meta Over Alleged Harms Caused by Apps to Young People
The lawsuits come after settlement talks between Meta and the attorneys general fell apart.
Spotify’s Revenue Grows 11% in Q3
Spotify's growth was driven by its ad business, thanks to its podcasting operation.
Amazon Considers Adding Telehealth Services for Pets
Amazon already offers online and in-person health services for people through its One Medical and Amazon Clinic divisions and sells pet supplies through its e-commerce site.
Healthcare Startup Carbon Health Loses $84M in First Half of 2023
The once high-flying healthcare startup is scrambling to cut its losses as it grapples with the end of the tech industry’s fundraising free-for-all period.
Nvidia Cloud Ally Raised $200 Million in Debt Financed by AI Chips
Crusoe struck the deal with Upper90, a New York-based investment firm whose leader called Nvidia’s graphics processing units a “new asset class” for debt.
Celebrity-Backed Baby Brand Hello Bello Files For Bankruptcy
The bankruptcy is the latest sign of pain for once-buzzy consumer brands.
Tesla Confirms New Department of Justice Probes
The feds are investigating Tesla’s Autopilot and Full-Self Driving products, among other things.
Chinese Authorities Probe iPhone Maker Foxconn Over Taxes, Land Use
The investigations could be a sign that the Taiwanese company and its founder, Terry Gou, have fallen out of favor with Beijing.
Web Summit CEO Cosgrave Resigns After Israel Remarks
The resignation follows a rising number of withdrawals from major tech companies from the event.
Okta Says Hackers Accessed Customer Files, Stock Falls 11%
The hackers used a stolen credential to gain access to Okta’s customer support service and access some customer logs.
X to Introduce Two New Subscription Tiers, Musk Says in Post
The announcement suggests that Musk is continuing to refine his plans to try and push more users of the platform to start paying for it.
Thrive to Lead Investments in OpenAI Share Sale
The fast-growing startup could use the price set by the share sale to raise more money.
Blackstone Stock Slides After Earnings Miss
A slowdown in deals hurt the firm’s distributable earnings.
Apple Cancels Jon Stewart Show Partly Because of Upcoming China Episode
While Apple TV+ isn’t offered in China, potential episodes about the country might have angered the Chinese government or Chinese consumers.
European Commission Formally Requests Information from Meta, TikTok
The European Commission has used the Israel-Hamas war as a chance to flex its muscle under the Digital Services Act for the first time.
AWS Joins Group That Wants to Make Cloud Prices More Transparent
It’s a big win for the trade group after AWS previously turned down proposals from employees who wanted the company to join.
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