JPMorgan Books Record Profits, Citigroup Flags 20,000 Job Cuts
JPMorgan’s profit rose 32% on 2022, leading a mixed bag of large bank earnings on Friday.
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Al Gore, Ex-Boeing CFO to Leave Apple Board
A former CEO of the nonprofit Aerospace Corporation has been nominated to fill one of the board seats.
Amazon’s Entertainment Cuts Continue With 5% Audible Layoff
Audible, which Amazon acquired in 2008, attributed the cuts to an “increasingly challenging landscape” and said the division needed to get “leaner."
Alphabet Union Says Google Laid Off More Than 1,000 Employees
Wednesday's layoffs are the largest round of cuts at Google since last January.
Thoma Bravo-Owned MeridianLink Lays Off 9% Of Employees
The staff cuts follow a sharp slowdown in revenue growth for MeridianLink, which sells software to financial institutions like regional banks
Circle Confidentially Files for IPO
The company abandoned a plan to go public through a SPAC merger in 2022.
Google Ends Fees for Customers Switching Clouds, Pressuring AWS and Microsoft
The move comes amid multiple regulatory probes into how cloud providers steer customers away from competitors.
Instagram Cuts Manager Roles In Broader Reshuffle
Employees who lost their jobs were notified this week
Google Lays Off Hundreds of Employees in Engineering, Hardware, Assistant
The search and advertising firm is starting 2024 where it left off last year—trimming staff.
SEC Approves Spot Bitcoin Exchange-Traded Products
Gensler cautions the approval does not suggest SEC approves or endorses bitcoin.
Netflix Says Its Ad Tier Has 23 Million Users (Not Subscribers)
Netflix's ad chief said 23 million users globally are watching the service on its ad-supported tier. It hasn't yet disclosed the subscriber number, which is almost certainly a smaller figure.
Amazon to Lay Off Hundreds of Employees in Prime Video, Twitch
Amazon video chief Mike Hopkins said in an internal email that Amazon has “identified opportunities to reduce or discontinue investments in certain areas."
Starlink and T-Mobile Sent Their First Direct-to-Cell Texts
Starlink launched its first direct-to-cell satellites last week.
Amazon Won’t Offer EU Concessions on iRobot Deal
Following the news, iRobot shares tumbled 20% to $29.63, far below Amazon’s proposed acquisition price of $51.75 per share.
Coatue General Partner Michael Gilroy Exits
Gilroy worked on the firm's investments in Mercury, a credit card startup, and Melio Payments, a bill paying service.
AI “Pin” Maker Humane Lays Off 10 Employees, CTO Steps Down
Humane's $699 wearable "Ai Pin" will start shipping in March.
TA Associates Invests In Private Equity-Owned Fintech
TA is the latest private equity firm to back the company
HPE to Buy Juniper Networks for $14 Billion in Cash
Hewlett Packard Enterprise said the acquisition would double the size of its networking business.
Weekday mornings
The Information AM by The Information Staff
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