Tesla Shares Fall 10% as Vague Outlook Disappoint Wall Street
Tesla frustrated analysts with its tepid, but unspecific 2024 outlook.
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Microsoft Lays Off 1,900 Employees in Xbox, Activision
The job cuts come just three months after Microsoft closed its $69 billion acquisition of Activision.
Apple to Still Review, Charge Fees For Sideloaded Apps in Europe
The news comes as Apple prepares to comply with a new European law that requires so-called tech gatekeepers to ensure equal access to their operating systems.
Apple Becomes China’s Top Smartphone Vendor for First Time
Apple and its competitors continue to face challenges in China due to the country's sluggish economy and weak consumer sentiment.
David Ellison Reportedly Makes Offer for Paramount Owner National Amusements
Ellison would also look to merge his movie and TV studio, Skydance, with Paramount Global after taking control of its parent company.
EBay Cuts 9% of Staff as E-Commerce Layoffs Mount
Other sites like Wayfair and Etsy have also cut jobs recently.
Tesla Reports Modest Revenue Growth Amid Shrinking Margins
Tesla reported its Q4 2023 earnings on Wednesday.
G/O Media Reportedly Looks to Sell The Onion, Other Websites
G/O Media, which owns websites including The Onion, Deadspin and Gizmodo, is looking to sell off the titles amid an industry-wide downturn for digital media.
Klarna Launches Subscription Service
Users can pay $7.99 per month to skip fees on some purchases and get extra discounts.
Amazon Stops Letting Law Enforcement Request Ring Footage
More than 2,600 police departments and nearly 600 fire departments had Ring partnerships as of 2023.
Everlane CEO Departs
Andrea O’Donnell joined the company two years ago after helping to revitalize Ugg’s brand.
Apple Pivots to Electric Car After Self-Driving Efforts Stall
Apple's pivot comes nearly 10 years after it began its electric and self-driving car efforts and has come full circle with its original ambitions in 2014.
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.
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.
Weekday mornings
The Information AM by The Information Staff
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