Figma Employee Equity Deal Cuts Valuation to $10 Billion
The startup is offering its staff equity packages that make up for some of the slashed valuation resulting from the abandoned Adobe sale.
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Google Launches Generative AI Tool For Search Ad Buyers
The chatbot helps advertisers automatically generate text and images for ads in Google search results.
SAP Says It Will Cut 8,000 Jobs in 2024 Amid Broad Restructuring
SAP on Tuesday reported modest 6% revenue growth in the quarter ending in December.
Techstars Lays Off 7% as Venture Industry Contracts
The layoffs follow other cuts at accelerators.
Netflix Adds 13.1 Million Subscribers in Q4
Netflix said it had its best fourth-quarter ever, with subscribers growing 12.8% and revenue up 12.5%.
Netflix Grabs WWE’s Raw From NBCUniversal
The Raw agreement shows how Netflix is taking advantage of its deeper resources.
Tencent-backed Riot Games Lays Off 11% of Staff Amid Industry Slowdown
The layoffs add to the thousands of game developers who have already lost their jobs due to showing demand for games from pandemic highs.
Alphabet ‘X’ Moonshot Unit Cuts Dozens of Staff, Courts Outside Funding
It’s the latest part of Alphabet to embark on cost-cutting measures this month.
Top Verizon Content Executive to Depart Company
Erin McPherson led Verizon's streaming deals for Disney+ and the Netflix and Max bundle. Verizon is bringing those functions into its wireless/consumer group.
Foundry Ventures Says It Won’t Raise a New Fund
The early-stage firm has backed tech and software companies for nearly two decades.
Nvidia CEO Jensen Huang Makes First Tour to China in Four Years
Huang visited staff and didn’t meet with government officials
Some Apple Vision Pro Deliveries Pushed to April, Demand Still Unclear
Some consumers see preorder shipments delayed to April, though demand remains unclear as supplies are tight because of manufacturing bottlenecks.
Microsoft Says Russian Hackers Breached Senior Execs’ Emails
The hack is the latest security black eye for Microsoft, the world’s largest security software seller and one of the top targets of hackers worldwide.
Mass Layoffs Put Future of Sports Illustrated in Jeopardy
Arena Group, which operates Sports Illustrated's media business, is laying off more than 100 staffers after its license to publish SI was revoked.
Altman Plots Factory Network for Chip Ambitions
OpenAI CEO Sam Altman’s plans to establish a global network of factories to manufacture semiconductors.
Wayfair Cuts 19% Of Corporate Employees
The online furniture seller also reportedly cut jobs at the end of 2023.
Amazon Web Services Names New CFO
The leadership change comes at a challenging time for the no. 1 cloud provider.
EU Plans to Block Amazon’s iRobot Acquisition
iRobot shares plummeted 40% to $14.30 during after hours trading, far below Amazon’s proposed acquisition price of $51.75 per share.
Amazon Lays Off 5% of Buy With Prime Staffers
Buy With Prime lets merchants offer an Amazon checkout option and Prime shipping on their own websites.
Meta Plans to Build Artificial General Intelligence, Zuckerberg Says
Meta is training Llama 3, which will have code-generating capabilities and focus on more advanced reasoning and planning abilities, CEO Mark Zuckerberg said in an interview.
Weekday mornings
The Information AM by The Information Staff
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