Uber Posts Third Quarterly Profit as Ridehailing Revenue Soars
Uber's ridehailing and delivery businesses continue to grow, but its freight business is in decline.
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New York Times Reports Subscription Growth While Advertising Falls
The results demonstrate how the digital media sector is becoming much more reliant on subscriptions, as advertising for all but the biggest companies steadily declines.
Alibaba Boosts Share Buyback Program by $25 Billion
The Chinese e-commerce giant is grappling with slow growth in China amid tough competition from domestic rivals like PDD and ByteDance.
Meta to Label AI-Generated Images
The labels will apply to images made using tools from Google, Microsoft, Adobe, OpenAI, Midjourney and Shutterstock as those companies add invisible markers to AI-generated images.
ESPN, Fox and Warner Bros. Discovery Form New Sports Streaming Joint Venture
ESPN, Fox and Warner Bros. Discovery will each own a third of the new venture, which will have its own CEO and management team.
Spanx Names New CEO, Executive Chair
The shapewear brand sold a majority stake to Blackstone in late 2021.
Apple’s TV Service Becomes More Important to Company
Apple has stopped mentioning the App Store as a driver of growth in its services segment.
YouTube TV Passes 8 Million Subscribers
YouTube CEO Neal Mohan also said that globally YouTube viewers are watching YouTube on TV screens for more than 1 billion hours, on average, every day.
Spotify Reports Higher Free Cash Flow After Cost-Cutting
The company said the number of premium subscribers—those who pay for an ad-free version of the service—rose 15% to 236 million.
DocuSign Cuts 6% of Workforce After Sale Talks Stall
The layoffs are the third round of job cuts undertaken by DocuSign in the past couple of years, reflecting a sharp slowdown in growth experienced by the company.
China Plans to Make 5 Nanometer Chips In Defiance of U.S. Sanctions
New production lines at China's Semiconductor Manufacturing International Corp. indicates the country’s chipmaking skills are progressing despite U.S. curbs.
Sequoia Capital’s Evergreen Fund Assets Climb to $17 Billion
Sequoia's evergreen fund now manages $17.8 billion in assets.
DocuSign Take-Private Talk With Bain, Hellman & Friedman Put On Ice
DocuSign talks hit a snag because of disagreements over price.
Cloud Management Startup Weaveworks Shuts Down After Failed M&A Process
Since its founding in 2014, Weaveworks raised more than $50 million
Snap to Cut 10% of Workforce
The messaging firm disclosed the job cuts a day before it is due to report fourth quarter results.
Multinational Firm Loses $25 million in Deepfake Video Scam in Hong Kong
The firm's employee was tricked into making money transfers after a video conference where all other participants were deepfakes.
Larry Ellison Invited Musk to Hawaii to ‘Dry Out’ From Drug Use: Report
Reports of illegal drug use could threaten SpaceX's federal contracts.
Rubrik Said to Plan April IPO After Justice Depart. Fraud Probe
The company is trying to resolve the probe before an April listing.
Spotify Inks Non-Exclusive Deal With Joe Rogan
The deal, reported to be worth up to $250 million, marks another shift from exclusive deals that characterized the company's earlier podcast contracts.
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.
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