Snap Stock Plunges as Company Projects Down Quarter
The company blamed the revenue downturn on adjustments the company has made to its ad targeting amid an overall difficult period for the digital ad industry.
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Alphabet CFO Porat to Become President, Chief Investment Officer
Porat will focus on the company’s “Other Bets” and engagement with policymakers and regulators.
Microsoft Reports Lowest Annual Revenue Growth in Six Years as Azure Cloud Slows
Microsoft’s annual revenue grew 7%, the lowest rate of growth since 2017.
UPS and Union Reach Deal, Likely Averting Strike
The new deal, which delivers wage increases across the board for UPS workers, likely avoids a strike that would've hamstrung millions of daily deliveries.
Spotify Stock Sinks on Slimming Cash Flow Generation
Revenue growth in podcast ads are a strong growth vertical for the company.
Amazon and iRobot Lower Takeover Price
Stock movement indicates investors think the deal is now slightly more likely to close.
Andreessen Horowitz Hires Discord Exec as AI-Focused General Partner
The Ubiquity6 co-founder previously launched Kleiner Perkins first seed fund.
Sequoia Cuts Seven Employees From Talent Team
Sequoia's COO told Forbes that the number of requests from startups for hiring assistance had declined amid the downturn.
Sam Altman’s Worldcoin Cryptocurrency Soars in Launch
The tokens amassed a market cap of more than $200 million on Monday.
Benchmark’s Newest General Partner is Former Gaming CEO Victor Lazarte
Victor Lazarte joins Benchmark as its sixth general partner.
Lyft Looks for Buyers, Investors in Bikes Division
The bikes business likely won't fetch nearly the $250 million that Lyft paid in 2018.
Stripe Plans to Hire Fewer Than 1,000 Workers Through 2024
Stripe has told investors John Collison must approve any significant hiring plans.
Musk Says Twitter Will Change Logo to ‘X’
Twitter changed its company name to X Corp. earlier this year, and Musk has said that he wants to turn Twitter into “X, the everything app."
AI Companies Adopt Safeguards After White House Pressure
The companies committed to sharing more information about their models and taking measures to reduce their potential harm.
Spotify to Raise its Subscription Price by $1
Word of the increase comes a day after a report that YouTube Music was raising its price, while Apple and Amazon have already raised their prices to the same level.
Amazon Asks Some Employees to Move to Centralized Offices
It’s unclear how many Amazon employees will be affected by the policy, which comes several months after the company ordered corporate employees back to the office three days per week.
ESPN Reportedly Held Talks With the NFL, NBA and MLB for Minority Stakes
Last week, Disney CEO Bob Iger said he's open to finding a strategic partner for ESPN, which is struggling with declining TV revenue and rising sports costs.
FTX Sues Bankman-Fried Alleging Misappropriation of Hundreds of Millions of Dollars
The DOJ also accused Bankman-Fried of sending Caroline Ellison’s documents to the press.
Amazon to Spend $120 Million on Florida Satellite Facility
It's the next step in Amazon's plan to build a satellite-based internet service to compete with SpaceX’s Starlink.
Top Robinhood Engineering Executive to Depart
Senior vice president of engineering Surabhi Gupta joins a number of high-level departures at Robinhood over the past year.
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